Fiber Optic Test Equipment Market: Expanding Fixed Broadband & Mobile Subscription Base Creating High-potential Investment Opportunities: Global Industry Analysis (2013-2018) & Market Forecast (2019-2027)

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Fiber Optic Test Equipment Market

An Incisive, In-depth Analysis on the Fiber Optic Test Equipment Market

This study offers a comprehensive, 360 degree analysis on the Fiber Optic Test Equipment market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Fiber Optic Test Equipment market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

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In the ever-evolving telecommunication and electronics landscape, the cost, reliability, and performance of any equipment has a significant impact on the time to market of products. Fiber optic test equipment is used to examine the physical characteristics and functionality of fiber optic components. The increasing adoption of fiber optic test equipment for inspection, troubleshooting, and cleaning operations is driving the fiber optic test equipment market.

Moreover, the growing demand for network testing equipment is propelling the fiber optic test equipment market. The proliferating penetration of network technologies is also creating potential opportunities for the growth of fiber optic test equipment market.

The global revenue of fiber optic test equipment market is poised to grow at a 6.7% CAGR over 2019-2027, according to the analysis of the market by Future Market Insights.

Fiber Optic Technology Forms the Core of Modern Telecommunication Networks

The extensive usage of fiber optics communication technology is rapidly increasing the demand for telecommunication capacity and internet services, which is contributing to the growth of the fiber optic test equipment market. Rapid developments in the telecommunication infrastructure of various emerging economies around the world is supporting the demand for fiber optic test equipment.

Fiber optic test equipment is helping fiber optic technologies become the preferred transmission medium for long-distance and high data rate transmission in telecommunication networks. The adoption of fiber optic test equipment is thus increasing rapidly to meet the transmission requirements. Moreover, an increase in next-generation IoT applications is driving the demand for fiber optic test equipment and communication infrastructure equipment, which is boosting the fiber optic test equipment market.

Increasing Penetration of LTE Networks and Fixed Broadband Subscription

Widespread adoption of 4G networks across the world is propelling the fiber optic test equipment market. Moreover, telecom enterprises have started focusing on migrating their existing network infrastructure to 5G networks and services with high speed, which is also expected to drive the fiber optic test equipment market.

For instance, ITU (the International Telecommunication Union) has recently estimated that the capital investments related to fiber infrastructure will reach around US$ 140 billion between 2014 and 2019, owing to the contribution of next-generation network technologies. These factors are driving the fiber optic test equipment market.

Moreover, rapid growth in the fixed broadband subscription is significantly pushing performance of fiber optic test equipment market. According to ITU, the fixed broadband subscription in developing countries has increased by a CAGR of approximately 13% from 2012 to 2017.

Stringent Regulations and Standards for Fiber Optic Test Equipment and Systems

Various associations and regulatory bodies have defined a set of standards for fiber optic test equipment and fiber optic systems, which are required to provide an essential level of bandwidth and network speed demands. These standards and regulations are playing an important role in the growth of the fiber optic test equipment market. Moreover, increasing investments by the governments of various countries in fiber optic networks is also fuelling the growth of the fiber optic test equipment market.

Various providers of fiber optic test equipment are focusing on offering fiber optic test equipment based on the test & measurement standards set by International Telecommunication Union, Telecommunication Industries Association, American National Standards Institute and other standards. The growing demand for fiber optic test equipment that is based on these standards is driving the fiber optic test equipment market further.

Asia Pacific excluding Japan Maintains the Lead in Fiber Optic Test Equipment Market

APEJ is expected to hold a significant share in the global fiber optic test equipment market during the forecast period. Rapid developments in the network infrastructure of various countries is fuelling the growth of the fiber optic test equipment market in the region. Moreover, the growing need for high-performance and faster data transfer network equipment is also creating substantial demand for fiber optic test equipment.

Furthermore, increasing investments in telecommunication sectors by countries in the region, such as India and China, are expected to drive the fiber optic test equipment market in Asia Pacific.
In addition, China and India are the largest and second-largest telecommunication markets in the world respectively, and the increasing internet penetration in these countries is driving the fiber optic test equipment market. Furthermore, the increasing number of fixed broadband subscribers in the countries of Asia Pacific is also supporting the demand for fiber optic test equipment.
For instance, according to the India Brand Equity Foundation, wired broadband subscriptions in India have increased by approximately 18% from 2015 to 2017. Moreover, the total number of broadband subscriptions at the end of March 2018 stood at around 412.6 million. This increase in the number of broadband subscriptions is fuelling the growth of the fiber optic test equipment market.

Partnerships and NPD among the Key Developmental Strategies

According to FMI’s analysis, long-term agreements with business partners are expected to escalate revenue and new innovation strategies, which is likely to enable the providers of fiber optic test equipment to reach new growth markets. Moreover, continuous innovations in fiber optic test equipment and the acquisition of businesses and technologies are also expected to help the providers of fiber optic test equipment create value for their shareholders and to accelerate revenue growth.

For instance, in February 2018, EXFO, Inc. acquired Astellia, a telecommunication company that offers network and subscriber intelligence. This acquisition was aimed at delivering fiber optic test equipment and network intelligence solutions to customers.

Other key participants in the global fiber optic test equipment market include EXFO Inc., Anritsu, Fluke Corporation, Anixter International, VIAVI Solutions Inc., VeEX Inc., Yokogawa Corporation, Kingfisher International, National Instruments, AFL and Pelorus.

Report Synopsis

Future Market Insights (FMI) offers an 8-year forecast for the fibre optic test equipment market between 2019 and 2027. In terms of value, the fibre optic test equipment market is expected to register a single-digit CAGR during the forecast period. The study provides the global market dynamics and trends across six regions: North America, Latin America, Europe, Japan, Asia Pacific excluding Japan and the Middle East & Africa, which influence the current nature and the future status of the fibre optic test equipment market over the forecast period.

Fibre Optic Test Equipment Market - Report Description

This research report provides a detailed analysis of the fibre optic test equipment market and offers insights about the various factors driving the popularity of fibre optic test equipment. The fibre optic test equipment market report includes an extensive analysis of the key industry drivers, challenges, market trends and market structure. The fibre optic test equipment market study provides a comprehensive assessment of the stakeholder strategies and imperatives for succeeding in the business. The fibre optic test equipment market report includes the market segmentation on the basis of product type, form factor, end use and region.

The fibre optic test equipment market is expected to witness significant value and volume growth during the forecast period, owing to the rapid development in telecommunication infrastructure and the increasing number of fixed broadband subscribers in various countries around the world.

The global fibre optic test equipment market report starts with an overview of the fibre optic test equipment market in terms of value and volume. In addition, this section includes an analysis of the key trends, drivers and challenges from the supply, demand and economy side, which are influencing the fibre optic test equipment market.

On the basis of product type, the fibre optic test equipment market has been segmented into optical power & loss meters, optical light sources, optical spectrum analysers, optical time domain reflectometers, remote fibre test systems and other test equipment. On the basis of form factor, the fibre optic test equipment market has been segmented into handheld/portable and benchtop. On the basis of end use, the fibre optic test equipment market has been segmented into telecommunication service providers, educational & research institutes, data centers, cable operators, network equipment manufacturers and others.

A detailed analysis has been provided for every segment in terms of the market size analysis of the fibre optic test equipment market across different regions. This section provides a detailed analysis covering the key trends prevalent in the global fibre optic test equipment market.

The next section of the global fibre optic test equipment market report covers a detailed analysis of the fibre optic test equipment market across various countries in the region. It provides an outlook for the fibre optic test equipment market for 2019–2027, and sets the forecast within the context of the fibre optic test equipment market. This study discusses the key trends within countries contributing to the growth of the fibre optic test equipment market, as well as analyses the degrees at which the drivers are influencing fibre optic test equipment market in each region.

The key regions and countries assessed in the fibre optic test equipment market report include North America (the U.S. & Canada), Latin America (Brazil, Mexico & the rest of Latin America), Europe (Germany, U.K., Italy, France, Russia & the Rest of Europe), Japan, APEJ (China, India, Malaysia, Thailand, Australia & the rest of APEJ) and MEA (GCC Countries, Turkey, South Africa & the rest of MEA). This report evaluates the present scenario and the growth prospects of the fibre optic test equipment market across various regions globally for the period 2019 –2027. We have considered 2018 as the base year, and provided data for the remaining 12 months.

To offer an accurate forecast, we have started by sizing the current market, which forms the basis of how the fibre optic test equipment market is expected to grow in the future. Given the characteristics of the global fibre optic test equipment market, we have triangulated the outcomes of different types of analysis based on the technology trends.

As previously highlighted, the global fibre optic test equipment market has been split into a number of segments. All segments on the basis of product type, form factor, end use and region have been analysed in terms of basis points to understand the relative contribution of each individual segment to the growth of the fibre optic test equipment market. This detailed information is important for the identification of various key trends in the global fibre optic test equipment market.

In addition, another key feature of the global fibre optic test equipment market report includes the analysis of all the key segments in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market, however, the absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve as well as to identify the potential resources from a sales and delivery perspective in the global fibre optic test equipment market.

In the final section of the global fibre optic test equipment market report, we have included a competitive landscape to provide clients a dashboard view based on the categories of providers in the value chain, their presence in the fibre optic test equipment market and key differentiators. This section is primarily designed to provide clients an objective and detailed comparative assessment of the key providers specific to a segment of the fibre optic test equipment supply chain and the potential players for the same.

The reports intends to offer the readers an exclusive set of segment-specific vendor insights to help them identify and evaluate their key competitors, based on an in-depth assessment of their capabilities and success in the fibre optic test equipment market. Some of the key competitors covered in the fibre optic test equipment market report are EXFO Inc., Anritsu, Fluke Corporation, VIAVI Solutions Inc., VeEX Inc., Yokogawa Corporation, Kingfisher International, Anixter International, National Instruments, AFL and Pelorus.