Fiber Optic Test Equipment Market Size
| Study Period | 2018 - 2028 |
| Market Size (2023) | USD 1.03 Billion |
| Market Size (2028) | USD 1.42 Billion |
| CAGR (2023 - 2028) | 6.48 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Fiber Optic Test Equipment Market Analysis
The Fiber Optic Test Equipment Market size is estimated at USD 1.03 billion in 2023, and is expected to reach USD 1.42 billion by 2028, growing at a CAGR of 6.48% during the forecast period (2023-2028).
- As the telecommunication industry is rapidly adopting fiber optic cables for attaining high-speed data transfer, the importance of testing equipment for these has increased over the years in manufacturing, inspection, on-field troubleshooting of network systems, as well as research and development phases across the industries.
- With the use of fiber optic cables, connecting several computers in a single building in computer networking nearby structures become faster. This cable aids in the rapid movement of large files and other data between networks.
- Fiber optics provide a more dependable, faster, and higher bandwidth mode of data transfer than traditional copper lines used by most utilities. Fiber optic networks send data by pulsing light via glass fiber strands approximately the size of human hair. When digital signals are sent via light, there is no external interference and reduced signal loss. This results in a more dependable data transmission network, even across vast distances.
- The global fiber optic test equipment market is expected to grow in response to the growing number of fiber cable networks. To deliver successful services, the increased need for real-time operations necessitates continual testing of bandwidth and insertion loss. As a result of this need, the global fiber optic test equipment market is expected to grow significantly. Also, the fiber optics testing sector is labor-intensive, and there are rising concerns about maintaining a minimal workforce. The labor cost is around half of the installation cost and largely consists of repeated labor.
- The outbreak of COVID-19 has increased the usage of data. According to a report on the impact of the COVID-19 pandemic on China's entertainment industry by MaoyanEntertainment, a leading platform providing innovative Internet-empowered entertainment services in China, the movie industry was severely hit by the pandemic. In contrast, the online entertainment market, including TV and streaming platforms, was booming as people were confined to their homes.
Fiber Optic Test Equipment Market Trends
This section covers the major market trends shaping the Fiber Optic Test Equipment Market according to our research experts:
Increasing Penetration Of 5G/LTE Networks And Fixed Broadband Subscription
- Increased bandwidth, ultra-low latency, and faster connectivity are expanding civilizations, revolutionizing industries, and radically improving day-to-day experiences. E-health, networked vehicles and traffic systems, and advanced mobile cloud gaming were formerly considered futuristic.
- The 5G infrastructure market is predicted to transform the realm of various broadband services by enabling connectivity across numerous end-user verticals. According to the GSMA, 5G networks have achieved roughly 45 percent urban coverage in early deployment trials. China, India, and other countries want to deploy a 5G network by 2020, which will necessitate significant financial investment in 5G-capable infrastructure.
- Small cells are projected to make up the majority of 5G networks. They also help providers save money by removing costly rooftop systems and installation expenses, and they are projected to improve mobile handset performance and battery life.
- According to Ericsson, the 400 million IoT devices with cellular connections in 2016 are expected to grow to 1.5 billion by 2022, up from 400 million in 2016. Increased industrial attention on building a connected ecosystem and the standardization of 3GPP cellular IoT technologies are likely to support this strong growth.
Asia Pacific Region to Witness the Fastest Growth
- Data centers are one of the largest consumers of fiber optics, which enables the data centers to provide high-speed data transmission with fewer connections between racks of switches and other parts of the data centers. Owing to the high-power consumption of data centers, researchers have been investing in increasing the use of low-power fiber optics. The rise in the number of data centers in the region is estimated to increase the demand for fiber optic test equipment in the market.
- According to the Energy Consumption of Data Centers in China, the current number of small and medium-sized data centers in China has exceeded 400,000, and the annual total power demand has reached 100 billion kWh, i.e., around 250,000 kWh, for each data center annually. Also, the rising trend of data localization in the country may promote the development of data centers.
- Additionally, the regional telecommunication companies are taking initiatives to strengthen the 5G infrastructure in the region. For instance, global telecommunication collaboratively took the initiative to launch an Open Test and Integration Center (OTIC) in India. This collaboration includes companies such as Reliance Jio and China Mobile. Such initiatives are expected to continue, which may fuel the market adoption of fiber optic test equipment.
- Presently, Japan-made optical fiber cable products are renowned worldwide for their advanced innovations and high-end qualities. Japan has been one of the leading global optical fiber cable producers and exports over the last few years. In June 2021, Japan set an internet speed record by transferring 319 Tb/s over 3,001 km.
- In November 2021, Fujikura Ltd announced that AFL, a subsidiary of Fujikura Ltd, Japan, officially opened its new fiber optic cable facility in Swindon, Wiltshire, starting commercial production of FFujikura'sAir Blown Wrapping Tube Cable (AB-WTC) using Spider Web Ribbon® (SWR®) fiber technology in the United Kingdom.
- India is the world's second-largest telecommunications market with a subscriber base of 1.16 billion and has registered strong growth in the last decade. The Indian mobile economy is growing rapidly, and it is projected to contribute substantially to IIndia'sGross Domestic Product (GDP), according to a report prepared by GSM Association (GSMA).
- According to IEEE comsoc.org, as of November 2020, India had an optical fiber-based network spanning 28 lakh (100,000) kilometers as against the target set up by the National Broadband Mission to deploy as much as 50 lakh kilometers of optical fiber by 2024.
- All of the above factors are expected to grow the demand for fiber optic test equipment in the Asia Pacific region over the forecast period.
Fiber Optic Test Equipment Industry Overview
The fiber optics test equipment market is fragmented due to the high competitive rivalry among the market players. Also, these companies are extensively investing in offering customers a wide range of technologies for application-specific field measurement, monitoring, and maintenance. Moreover, these companies continuously invest in strategic partnerships, acquisitions, and product development to gain more market share. Some of the recent actions by the companies are listed below.
- March 2022 - VIAVI Solutions Inc. introduced a 400G module for the OneAdvisor 800, providing advanced 400G transport test and maintenance functionality for business service and network core technicians working in the field. Combining its transmission protocol and fiber network modularity, the OneAdvisor 800 offers unprecedented testing performance for technicians who must carry their gear into the area.
- March 2022 - EXFO is expanding its range of electrical and optical test solutions by integrating technology acquired from InOpticals Inc. into its test & measurement portfolio to deliver comprehensive, modular test solutions. This brings best-in-class performance across the end-to-end process for transceivers and optical components.
Fiber Optic Test Equipment Market Leaders
EXFO Inc.
Anritsu
VIAVI Solutions Inc.
VeEX Inc.
Yokogawa Corporation
*Disclaimer: Major Players sorted in no particular order
Fiber Optic Test Equipment Market News
- March 2022 - VeEX Inc. announced the RXT-6402, its third-generation advanced multi-service 400G test set. The new RXT-6402 module and RXT-1202 high-power chassis are based on the latest generation of flexible, state-of-the-art FPGA technology, supporting native PAM4 and NRZ optical modules.
- March 2022 - Viavi Solutions Inc. announced that it launched Fiber Complete PRO, a fiber test solution with a suite of capabilities that replaces six test instruments. It is the first single test port solution that fully automates all the fiber qualification tests required for constructing and certification any fiber-optic network. Moreover, Fiber Complete PRO significantly reduces the time and effort required for almost every aspect of the test and certification process, including test setup and data exchange, results in analysis, and onboard report generation.
- February 2022 - EXFO announced it is collaborating with Red Hat to better capitalize on the opportunities of 5G. The EXFO Nova Active μ-Verifier service assurance solution will be available as a Red Hat certified container for deployment on Red Hat OpenShift in hybrid cloud environments offering customers a cloud-native testing platform that provides visibility of mobile networks from edge to core and cloud.
Fiber Optic Test Equipment Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitutes
4.2.5 Intensity of Competitive Rivalry
4.3 Industry Value Chain Analysis
4.4 Assessment of Impact of COVID-19 on the Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Increasing Penetration of 5G/LTE Networks and Fixed Broadband Subscription
5.1.2 Growing Adoption of fiber optic networks for power and utility management, Security, and Communication
5.2 Market Restraints
5.2.1 High Cost of Testers and Fiber Optic Test Equipment
5.2.2 Lack of Awareness and Technical Knowledge
6. MARKET SEGMENTATION
6.1 By Equipment Type
6.1.1 Optical Light Sources
6.1.2 Optical Power & Loss Meters
6.1.3 Optical Time Domain Reflectometer
6.1.4 Optical Spectrum Analyzers
6.1.5 Remote Fiber Test System
6.1.6 Other Equipment Types
6.2 By End-user Application
6.2.1 Telecommunications
6.2.2 Data Centers
6.2.3 Industries
6.2.4 Other End-user Applications
6.3 By Geography
6.3.1 North America
6.3.1.1 United States
6.3.1.2 Canada
6.3.2 Europe
6.3.2.1 Germany
6.3.2.2 United Kingdom
6.3.2.3 France
6.3.2.4 Rest of Europe
6.3.3 Asia-Pacific
6.3.3.1 China
6.3.3.2 Japan
6.3.3.3 India
6.3.3.4 Rest of Asia-Pacific
6.3.4 Latin America
6.3.4.1 Brazil
6.3.4.2 Argentina
6.3.4.3 Mexico
6.3.4.4 Rest of Latin America
6.3.5 Middle-East and Africa
6.3.5.1 United Arab Emirates
6.3.5.2 Saudi Arabia
6.3.5.3 South Africa
6.3.5.4 Rest of Middle-East and Africa
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles*
7.1.1 EXFO Inc.
7.1.2 Anritsu Corporation
7.1.3 VIAVI Solutions Inc.
7.1.4 VeEX Inc.
7.1.5 Yokogawa Corporation
7.1.6 Kingfisher International
7.1.7 AFL Global
7.1.8 Fluke Corporation
7.1.9 Pelorus Technologies Pvt. Ltd
7.1.10 Deviser Instruments
7.1.11 Terahertz Technologies Inc.
7.1.12 AMS Technologies Ag
8. INVESTMENT ANALYSIS
9. FUTURE OF THE MARKET
Fiber Optic Test Equipment Industry Segmentation
The scope of the study focuses on the market analysis of fiber optic test equipment sold across the globe. Market sizing encompasses the revenue generated through fiber optic test equipment or systems sold by various market players for fiber optics manufacturing. The study also tracks the key market parameters, underlying growth influencers, and major vendors operating in the industry, which supports the market estimations and growth rates over the forecast period. The study further analyzes the overall impact of COVID-19 on the ecosystem. The scope of the report encompasses market sizing and forecast for segmentation by equipment type, end-user application, and geography.
| By Equipment Type | |
| Optical Light Sources | |
| Optical Power & Loss Meters | |
| Optical Time Domain Reflectometer | |
| Optical Spectrum Analyzers | |
| Remote Fiber Test System | |
| Other Equipment Types |
| By End-user Application | |
| Telecommunications | |
| Data Centers | |
| Industries | |
| Other End-user Applications |
| By Geography | ||||||
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Fiber Optic Test Equipment Market Research FAQs
How big is the Fiber Optic Test Equipment Market?
The Fiber Optic Test Equipment Market size is expected to reach USD 1.03 billion in 2023 and grow at a CAGR of 6.48% to reach USD 1.42 billion by 2028.
What is the current Fiber Optic Test Equipment Market size?
In 2023, the Fiber Optic Test Equipment Market size is expected to reach USD 1.03 billion.
Who are the key players in Fiber Optic Test Equipment Market?
EXFO Inc., Anritsu, VIAVI Solutions Inc., VeEX Inc. and Yokogawa Corporation are the major companies operating in the Fiber Optic Test Equipment Market.
Which is the fastest growing region in Fiber Optic Test Equipment Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2023-2028).
Which region has the biggest share in Fiber Optic Test Equipment Market?
In 2023, the Asia Pacific accounts for the largest market share in the Fiber Optic Test Equipment Market.
Fiber Optic Test Equipment Industry Report
Statistics for the 2023 Fiber Optic Test Equipment market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Fiber Optic Test Equipment analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.
