Thriving Telecommunications Sector to Push Demand for Fiber Optic Testing Equipment

The global fiber optic testing market is witnessing a tremendous growth on account of high demand from the telecom industry. This in turn spells a positive growth for the fiber optic testing equipment market. The applications of fiber optic testing equipment are on the rise and this includes installation and maintenance, research and development, safety and monitoring solutions, and measurement solutions, to list a few. The significant rise in the demand for safety and monitoring solutions as well as measurement solutions is expected to fuel the growth of the global fiber optic testing equipment. In a report published by Transparency Market Research (TMR), the global fiber optic testing equipment (FOTE) market is estimated to be worth US$936.66 mn by 2025. According to the report the market was worth US$571.87 mn in 2016 and is expected to exhibit a 5.7% CAGR from 2017 to 2025.  

Q. What are the factors behind the high demand for fiber optic testing equipment?

Fiber optic testing equipment can inspect, measure, and monitor power, quality, and faults in a fiber optic device. As fiber optic devices are extensively used across telecommunication and other industries, a need to monitor power, quality, and faults will drive the demand for testing equipment. Moreover, fiber optic testing equipment can also test and measure entities such as reflections, efficiency, absolute power, noise distortion, and time in various applications that use fiber optics. This is boosting the market for FOTEs. Furthermore, fiber optic testing equipment are used in medical laboratories to inspect and monitor biological changes and medical improvements or changes, furthering their demand. Additionally, these equipment help in increasing the bandwidth of electromagnetic waves and are thus, in demand from network communications. 

Q. Which region is anticipated to lead in the market in the years to come?

Asia Pacific is expected to emerge as the leading regional segment in the FOTE market. The main reason behind this is the flourishing telecommunication industry and high demand from defense sector for FOTEs. The investments in the communication sector are likely to increase in the coming years and this will push the market’s growth further in Asia Pacific. Asia Pacific is a key hub for telecommunication operators, led by China as the highest taker of smartphone in the world and Singapore as the highest percentage of smartphone penetration in the world. This in turn is expected to bode well for the fiber optic testing equipment market. The Middle East and Africa is expected to be the second most lucrative regional segment during the coming years, on account of high demand for portable electronic devices such as tablets, computers, and smartphones.

Q. What are the challenges faced by the global FOTE market?

The global fiber optic testing equipment market is facing challenge in the form of dearth of professionals who specialize in the functioning of FOC and their application of advanced or new technologies such as long term evolution (LTE) and LTE M2M (machine to machine) owing to their complicated nature. The cost of employing trained personnel is high and this will be another problem. The high cost of operation is another major challenge. 


Post a Comment

Note: only a member of this blog may post a comment.

Latest Post

Market Research Reports