The global fiber optic testing equipment market is anticipated to exhibit a CAGR of 5.7% between 2017 and 2025.
San Francisco, CA -- (SBWIRE) -- 01/18/2018 -- Global Fiber Optics Testing Equipment Market: Overview
Fiber optic testing equipment (FOTEs) find application in gauging, assessing, and screening faults, power, and quality in different fiber optic gadgets. Fiber optic testing equipment find application in measuring and testing time, noise distortions, efficiency, reflections, and absolute power in different fiber optics applications. What's more, these equipment are utilized to examine or screen restorative and organic changes in medicinal research facilities. Fiber optic testing equipment additionally find broad use to build the data transfer capacity of electromagnetic rushes of system interchanges.
The worldwide fiber optic testing equipment market is ready to witness noteworthy development in the couple of years, mostly on account of components, for instance, their appeal in fiber optics gadgets in the media transmission industry. The rising use of FOTEs in various new application, for example, research and development, establishment and upkeep, estimation arrangements, and safety and checking solutions are likewise powering the worldwide request of fiber optic testing equipment. In the following couple of years, emergence of other measurement techniques and safety and monitoring arrangements is expected to generate more growth opportunitiesfor players in the worldwide market for fiber optic testing equipment.
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The global fiber optic testing equipment market is anticipated to exhibit a CAGR of 5.7% between 2017 and 2025. In 2016, the market was worth US$571.87 mn and is likely to touch US$936.66 mn by the end of 2025.
Global Fiber Optics Testing Equipment Market: Trends and Prospects
Fast progression in the infrastructure pertaining to network in developing and developed economies is one of the key factors that have supported the worldwide take-up of fiber optic testing equipment in the past couple of years. The media communications industry in Asia Pacific, for example, is concentrating on the rollout of 5G network before the winter Olympics in 2018 scheduled to be held in Tokyo, Japan. Endeavors aimed at the usage of cutting edge media transmission advances, for example, will fuel the interest for fiber optics, which, thus, is anticipated to have a huge positive effect on the demand for fiber optic testing equipment in the following couple of years.
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The market faces difficulties such as the absence of experts who specialize in the operations of fiber optic testing equipment and their application in new advancements, for instance, LTE (Long-term Evolution) and LTE M2M (machine-to-machine) because of their highly complex nature. Utilizing the correct talented and prepared staff to work around these innovations could be a difficult. Apart from that, the high operational cost and lack of gifted workforce are likely to hamper the development prospects of the worldwide fiber optic testing equipment market to a degree over the forecast period.
Global Fiber Optics Testing Equipment Market: Regional Outlook
Regionally, Asia Pacific, with a share of 54.5% in the revenue in 2016, holds an unmistakable domiant position in the worldwide market for fiber optic testing equipment. The region is predicted to emerge as the most appealing regional market for fiber optic testing equipment in the foreseeable future.
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Global Fiber Optics Testing Equipment Market: Vendor Landscape
Some of the prominent companies operating in the market for fiber optic testing equipment (FOTE) are OZ Optics Limited, Yokogawa Electric Corporation, Fluke Networks, Tektronix Inc, EXFO Inc, JDS Uniphase Corporation, Keysight Technologies, and Anritsu Corporation.
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