Global Fiber Optics Testing Market is valued approximately USD 272 million in 2019 and is anticipated to grow with a healthy growth rate of more than 8.9% over the forecast period 2020-2027.
Fiber Optics Testing is a method for evaluating the performance of various fiber optic components such as fibers, LED or Laser Sources, connectors, detectors, splices and receivers. When these components are developed, their performance, specifications are tested simultaneously which aids in determining their working capacities. Moreover, they also help with the troubleshooting and comprises of testers such as certification testers, advanced optical time-domain reflectometers (OTDR) testers and verification testers. These testers are used across various industry verticals such as oil and gas, defense and military and telecom among others. The telecommunication industry is rapidly adopting fiber optics for gaining higher speed of data transfer. Further, the growing penetration of LTE networks and fixed broadband subscriptions and data centers over the recent years fuel the market growth. In February 2019, google announced a USD 13 billion investment in data centers in USA which is 4 billion more than the USD 9 billion investment in 2018. The company plans to establish new data centers in Nebraska, Nevada, Ohio, Texas, Oklahoma and other cities and expand the data centers in Seattle, Chicago and New York. Moreover, Surging demand for FTTX accelerates the market growth. Although, growing investments in 5G infrastructure offer lucrative market growth opportunity. As the federal government of UK has announced to invest around USD 52.28 million considering the 5G testing and trail projects across the United Kingdom. This investment made by the government is precisely aimed at government plans focused towards enhancement & improvement of mobile connectivity. However, high cost of installation and training impedes the growth of the market over the forecast period of 2020-2027.
The regional analysis of global Fiber Optics Testing market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the well established telecommunication infrastructure and surging demand for higher speed of data transfer. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rising investments in 5G would create lucrative growth prospects for the Fiber Optics Testing market across Asia-Pacific region.
Major market player included in this report are:
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Service Type:
By Fiber Mode:
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