Fiber Optic Testing Equipment (FOTE) Market
Fiber Optic Testing Equipment (FOTE) Market (Product Type -OTDR, OLS, OPM, OLTS, RFTS, and OSA; Application - Research and Development, Installation and Maintenance, Measurement Solutions, and Safety and Monitoring Solutions; Construction – Portable/Handheld and Bench Top/Rack Mounted - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025
Press Release :
Global Fiber Optic Testing Equipment Market: Snapshot
Fiber optic testing equipment (FOTEs) are systems that are used to measure, inspect, and monitor various aspects like power, faults, quality in various fiber optic devices. Fiber optic testing equipment are also used to measure and test entities such as absolute power, reflections, efficiency, noise distortions, and time in various fiber optics applications. In addition, these equipment are used to inspect or monitor medical and biological changes in medical laboratories. Fiber optic testing equipment also find extensive usage to increase the bandwidth of electromagnetic waves of network communications.
The global fiber optic testing equipment market is poised to witness significant growth over the next few years, chiefly owing to factors such as their high demand in fiber optics devices in the telecommunication industry. The broadening set of applications of FOTEs in a number of new application areas such as research and development, installation and maintenance, measurement solutions, and safety and monitoring solutions is also fueling the global demand of fiber optic testing equipment. In the next few years, the significant rise in demand for measurement solutions and safety and monitoring solutions across the world is anticipated to create numerous growth opportunities for players in the global fiber optic testing equipment.
Transparency Market Research estimates that in terms of revenue, the global fiber optic testing equipment (FOTE) market was pegged at US$571.87 mn in 2016. The market is projected to exhibit a healthy 5.7% CAGR from 2017 to 2025, rising to a valuation of US$936.66 mn by 2025.
From a geographical standpoint, the Asia Pacific market for fiber optic testing equipment accounted for over 54% of the global market in 2016 and is likely to retain its position over the forecast period as well.
Remote Fiber Test Systems to Witness Most Promising Growth Opportunities
On the basis of product type, the fiber optic testing equipment market has been segmented into optical time domain reflectometer (OTDR), optical light source (OLS), optical power meter (OPM), optical loss test set (OLTS), remote fiber test system (RFTS), and optical spectrum analyzers (OSA). Of these, the segment of OTDR fiber optic testing equipment held the leading market share in terms of revenue contribution to the global market in 2016 and is expected to retain its leading position during the forecast period as well.
However, the segment of RFTS fiber optic testing equipment is expected to witness expansion at the maximum rate during the forecast period, chiefly owing to their increasing demand for telecommunication network devices across countries such as China, India, Japan, U.K., the U.S., Germany, and Singapore.
Asia Pacific to Remain at Center of Most Developmental Activities
The vast increase in demand for fiber optic instruments in telecommunication and defense industry and huge capital investments in communication technologies are expected to emerge as the key driving factors of the Asia Pacific fiber optic testing equipment market over the forecast period. China has the highest number of smartphone and electronic gadget users in the world currently, while Singapore boasts of the highest percentage of smart phone penetration in the world. As a result, Asia Pacific is presently the most lucrative hub for telecommunication network operators, and is thus a lucrative region for fiber optic testing equipment as well.
Middle East & Africa (MEA) held the second leading position in the global fiber optic testing equipment market in terms of revenue in 2016. Increase in demand for portable electronic devices such as smartphones and tablet computers is one of the key driving factors for the fiber optic testing equipment market in Middle East & Africa. The fiber optic testing equipment market in Europe is primarily driven by an increase in demand for safety and monitoring solutions and measurement applications.
Some of the leading players operating in the global fiber optic testing equipment market are Anritsu Corporation, Keysight Technologies, JDS Uniphase Corporation, EXFO Inc, Tektronix Inc, Fluke Networks, Yokogawa Electric Corporation, and OZ Optics Limited.
Fiber Optic Testing Equipment (FOTE) Market to Gain High Revenues Owing to Increasing Sales of Electronic Devices
Fiber optic testing equipment (FOTEs) are frameworks that are utilized to gauge, investigate, and screen different viewpoints like force, deficiencies, quality in different fiber optic gadgets. Fiber optic testing equipment are additionally used to gauge and test substances like outright force, reflections, proficiency, commotion bends, and time in different fiber optics applications. Also, such equipment are utilized to examine or screen clinical and natural changes in clinical labs. Fiber optic testing equipment can also be used for accelerating the data transfer capacity of electromagnetic floods of organization interchanges.
Fiber optic correspondence frameworks have an upper hand on other testing equipment because it has altered the media transmission industry at an enormous rate. Advancements occurring in broadband framework in different locales is required to fuel development in the worldwide fiber optic testing equipment market. Also, expanding interest for elite and quicker information moves is boosting development in the worldwide fiber optic testing equipment market.
Moreover, fiber optic testing equipment helps in gathering the higher transfer speed needs needed by superior quality electronic items, and in expanding utilization of advanced advances. Fast sending of FTTX is likewise assessed to grow the worldwide fiber optic testing equipment market. Adding further, developing business administrations and mixed media houses are contributing in the development of the worldwide fiber optic testing equipment market.
The tremendous expansion popular for fiber optic instruments in media transmission and protection industry and colossal capital interests in correspondence advances are relied upon to arise as the key driving elements of the Asia Pacific fiber market in the coming years. China has the most noteworthy number of cell phone and electronic device clients on the planet as of now, while Singapore brags of the greatest level of PDA entrance on the planet. Subsequently, Asia Pacific is by and by the most rewarding center point for media transmission network administrators, and is accordingly a worthwhile area for fiber optic testing equipment too.
Global Fiber Optic Testing Equipment Market: Overview
The report covers the analysis and forecast of the fiber optic testing equipment (FOTE) market on a global and regional level. The study provides historic data of 2016 along with the forecast for the period between 2017 and 2025 based on revenue (US$ Mn).
The study provides an in depth analysis view of the fiber optic testing equipment market by segmenting it based on product type, application and construction. On the basis of product type, the FOTE market has been further segmented into optical time domain reflectometer (OTDR), optical light source (OLS), optical power meter (OPM), optical loss test set (OLTS), remote fiber test system (RFTS), optical spectrum analysers (OSA). On the basis of application, the fiber optic testing equipment market is segmented into research and development, installation and maintenance, measurement solutions, safety and monitoring solutions. On the basis of construction segment, the fiber optic testing equipment market is segmented into portable/handheld and bench top/rack mounted.
Geographical segmentation signifies the current and forecast demand for North America, Europe, Asia-Pacific, Middle East & Africa (MEA) and Latin America. These have been further sub-segmented into countries and regions in relevance to the market. The segmentation also includes demand for individual type, construction and application in all regions.
Global Fiber Optic Testing Equipment Market: Scope of the Report
A descriptive analysis of the market dynamics that is inclusive of market drivers, restraints and opportunities is included in the purview of the report. Additionally, the report includes potential opportunities in the fiber optic testing equipment market on the global and regional level. Market dynamics are the factors which impact the market growth, thereby helping to understand the ongoing trends of the global market. Therefore, the report provides the forecast of the global market for the period from 2017-2025, along with offering an inclusive study of the fiber optic testing equipment market.
The report provides the size of the fiber optic testing equipment market in 2016 and the forecast for the next nine years up to 2025. The size of the global fiber optic testing equipment market is provided in terms of revenue. Market revenue is defined in US$ Mn. The market size and forecast for each product type, application and construction segment are provided in the context of global and regional markets. Numbers provided in this report are derived based on demand generated from different end users and types. Market dynamics prevalent in North America, Europe and Asia-Pacific have been taken into account for estimating the growth of the global market.
Global Fiber Optic Testing Equipment Market: Research Methodology
Demand for fiber optic testing equipment has been derived by analyzing the global and regional demand for fiber optic testing equipment in each application for its respective functions. The global fiber optic testing equipment market has been analyzed based on expected demand. Forecasts have been based on the expected revenue of fiber optic testing equipment’s product type in different application area. We have used the bottom-up approach to estimate the global revenue of fiber optic testing equipment market split into regions. Revenue has been determined with the help of revenue of each type and application in each region that again is derived from the percentage share of each segment. Later, we have summed up the individual revenues from all the regions to achieve the global revenue for fiber optic testing equipment.
The application split of the market has been derived using a bottom-up approach for each regional market separately, with the global application area split being an integration of regional estimates. Companies were considered for the market share analysis based on their product portfolio, revenue, and manufacturing capacity. In the absence of specific data related to the sales of fiber optic testing equipmentof several privately held companies, calculated assumptions have been made in view of the company’s product portfolio and regional presence along with the demand for products in its portfolio.
The report covers a detailed competitive outlook that includes market share and company profiles of key players operating in the global market. Key players profiled in the report are Anritsu Corporation, Keysight Technologies, JDS Uniphase Corporation, EXFO Inc, Tektronix Inc, Fluke Networks, Yokogawa Electric Corporation and OZ Optics Limited.
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