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Optical Component Tester Market

Optical Component Tester Market By Type (Residential, Light Commercial, Interior Floors, Industrial), Function (Deep Abrasion Testing, Scratch Resistance Testing, Stain Resistance Testing, Slip Resistance Testing) & Region - Forecast 2022-2032

Market Insights on Optical Component Tester covering sales outlook, demand forecast & up-to-date key trends

Optical Component Tester Market Overview

Global Optical Component Tester demand is projected to be valued at US$ 3.3 Billion in 2022, forecast to grow at a CAGR of 4.25% to be valued at US$ 5.1 Billion from 2022 to 2032. Growth is attributed to the rising demand for renovation projects and development in residential and commercial construction.

Report Attribute

Details

Estimated Base Year Value (2021)

US$ 3.1 Billion

Expected Market Value (2022)

US$ 3.32 Billion

Anticipated Forecast Value (2032)

US$ 5.1 Billion

Projected Growth Rate (2022-2032)

4.25% CAGR

Fiber optic networks and their installed components operate in a variety of environments and industries around the world. From military systems to telecommunication networks, fiber optic components experience a wide range of usage conditions and must be tested to effectively characterize their performance in any setting.

Optical component tester equipment or optical measuring instruments are used to measure and characterize the physical properties of light. The insatiable demand for higher capacity in communication networks has fueled the need for highly precise optical test solutions. In addition, precision optical measurements are essential to optical research applications for biophotonics, environmental sensing, and consumer products.

An optical component tester is a precision instrument designed to measure and display the distribution of power of an optical source over a specified wavelength span. An OSA trace displays power on the vertical scale and the wavelength on the horizontal scale.

Which are Some Prominent Drivers Spearheading Optical Component Tester Market Growth?

The Optical component tester market is also driven by the impact of 4G, Wi-Fi, and fiber roll-outs along with 5G technology. The introduction of 5G technology is expected to have a major impact on telecom and wireless companies. 5G technology is predicted to meet the increasing demand for higher data rates & capacity. It would also enable next-generation IoT and M2M applications which include autonomous vehicles and virtual or augmented reality.

Further, telecom service providers around the globe are focused on Wi-Fi offload strategies to ensure that the quality of Wi-Fi networks becomes carrier-grade. In the telecom industry, demand for VOLTE and LTE testing equipment is expected to grow in the coming years due to the re-establishment of LTE technology. This has created multiple opportunities for small &medium Optical component tester vendors in the market.

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What are the Challenges Faced by the Optical Component Tester Industry?

Despite the multi-functional property of optical component tester, the higher installation cost and training cost is one of the major restraining factors of the market.

Why is Asia-Pacific Emerging as an Opportunistic Optical Component Tester Market?

Development in the automotive, IT, and communications sectors in the Asia Pacific market is anticipated to expand at a significant rate during the forecast period.

China leads the optical power meter market due to the factors such as growing fiber-optic network coverage in several cities, the surging focus of the telecom companies on fiber-optic investments, and favorable funding from the government for the implementation of fiber networks.

Nikhil Kaitwade
Principal Consultant
LinkedIn
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Why does North America Hold a Significant Share in the Optical Component Tester Market?

Rising IT investments are also expected to offer lucrative opportunities for Optical component tester vendors across the world, especially in North America. North America is one of the principal markets for optical spectrum analyzers worldwide.

The region has a high-demand form of nearly all the end-users alike. The swift adoption of Industry 4.0 initiatives boosting automation and a connected industrial environment is one of the significant drivers creating the demand for optical spectrum analyzers in the region.

Market Competition

Some of the key participants present in the global demand of Anritsu Corporation, EXFO, Inc., Yokogawa Electric Corporation, Viavi Solutions Inc., Tecra Tools, Inc., Tessco, Mortek, Huawei Technologies Co., Ltd, Spirent Communications, and Agilent Technologies., among others.

  • Anritsu corporation-a prominent manufacturer has developed the MS9780A which is a diffraction-grating spectrum analyzer for analyzing optical spectra in the 600 to 1750 wavelength band. Its input section has been redesigned to support fibers with core diameters of 50/62.5 um.
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Scope of Report

Report Attribute

Details

Growth Rate

CAGR of 4.25% from 2022 to 2032

Base Year for Estimation

2021

Historical Data

2016-2021

Forecast Period

2022-2032

Quantitative Units

Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

Segments Covered

  • Product
  • Service
  • End-use
  • Region

Regions Covered

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

Key Countries Profiled

  • U.S
  • Canada
  • Brazil
  • Mexico
  • Germany
  • U.K
  • France
  • Spain
  • Italy
  • Nordics
  • BENELUX
  • Australia & New Zealand
  • China
  • India
  • ASEAN
  • GCC
  • South Africa

Key Companies Profiled

  • Anritsu Corporation,
  • EXFO, Inc.,
  • Yokogawa Electric Corporation,
  • Viavi Solutions Inc.,
  • Tecra Tools, Inc.,
  • Tessco,
  • Mortek,
  • Huawei Technologies Co., Ltd,
  • Spirent Communications,
  • Agilent Technologies.

 

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Key Segments Profiled in the Optical Component Tester Industry Survey

Product:

  • Optical Spectrum Analyzer
  • Optical Time Domain Reflectometer
  • Optical Wavelength Meter
  • Modular Manufacturing Test System
  • Portable Power Meters and Light Sources

Service:

  • Product support services
  • Managed services
  • Professional services

End-use:

  • Network equipment manufacturers (NEMS)
  • Telecommunication service providers
  • Mobile device manufacturers

Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

Frequently Asked Questions

FMI projects the global demand of the Optical Component Tester market to expand at a 4.25% value CAGR by 2032

North America is expected to be the most opportunistic Optical Component Tester market, expanding at a ~4% CAGR

Anritsu Corporation, EXFO, Inc., Yokogawa Electric Corporation, Viavi Solutions Inc., Tecra Tools, Inc., Tessco, Mortek, Huawei Technologies Co., Ltd, Spirent Communications, and Agilent Technologies., among others.

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Nikhil Kaitwade
Principal Consultant
LinkedIn
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Optical Component Tester Market