Fiber Optic Testing Equipment Market Analysis By 2024 - Keysight Technologies, Fluke Networks, Yokogawa Electric Corporation, OZ Optics Ltd., JDS Uniphase Corporation, Anritsu, Kingfisher plc and Tektronix

The fiber optic testing equipment market is driven by rapid innovations in communication technology and connectivity. The communication networks majorly deploy fiber optic cabling for efficient and hassle-free data transfer, further creating the need for advanced testing equipment. The development of complex and data center infrastructure in various industry verticals, such as IT & telecom and healthcare, is propelling the fiber optic equipment market growth. These data centers deploy complex cabling networks for managing the data transfer capacities and require timely testing to maintain the smooth data transfer. The rapid increase in the use of smartphones & tablets and other digital products increases the bandwidth requirement and deployment of fiber optic networks, driving the fiber optic testing equipment market. These technologies have massive data management requirements and testing of the cables, further fueling the industry growth.

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The increased investments by governments in the development of fiber optic networks for achieving better connectivity and improving the broadband infrastructure are driving the fiber optic testing equipment market growth. For instance, the Digital India initiative launched by the Government of India supports the development of large and complex fiber-optic networks across the country for providing high-speed internet facilities to urban and rural areas. Several advanced technologies including Fiber to the X and LTE that require excellent connectivity are further driving the fiber optic testing equipment market demand.

The optical light source segment in the fiber optic testing equipment market is expected to gain high traction over the forecast years. The growth is attributed to the benefits such as advanced electromagnetic radiation, detection of brakes & faults in the cables, and link loss characterization. These sources are used to test the PON networks at various wavelengths providing cost-effective operations. The optical power meters have dominated the fiber optic testing equipment market owing to their functional and operational characteristics. These meters aid in the determination of incurred power loss in the optical media and regaining the power capacities. These consist of calibrated sensors that measure the display and amplifier circuit.

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Installation application segment in the fiber optic testing equipment market is expected to grow significantly over the forecast timeframe owing to the essential operations in installing various systems. These systems require efficient installation & monitoring and result in increasing the productivity of the cables. Safety and monitoring systems deploy this equipment at a large scale due to the security benefits provided by the equipment. They are used in these systems to identify and monitor any issues in the cabling networks and efficiently indicate any challenges. Additionally, their scalability & reliability benefits aid in creating high fiber optic testing equipment market growth.

The U.S. fiber optic testing equipment market has dominated the industry owing to the adoption of advanced connectivity networks. The country has an efficient broadband and internet infrastructure that deploys complex fiber optic cabling networks, thereby creating the need for the equipment. Increased growth of the telecommunication sector drives the industry growth. The China fiber optic testing equipment market is witnessing high growth rates in the industry due to improved telecommunication services and networks in the country. The usage of 5G networks in the country is fueling the industry growth owing to the implementation of optic networks for data transmission.

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The players operating in the fiber optic testing equipment market include Keysight Technologies, Fluke Networks, Yokogawa Electric Corporation, OZ Optics Ltd., JDS Uniphase Corporation, Anritsu, Kingfisher plc and Tektronix. The companies are majorly focusing on developing product innovations by providing differentiated product features. Several strategies, such as mergers, acquisitions, partnerships, and collaborations, are deployed for strengthening the market position in the fiber optic testing equipment market.

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