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Fiber Optic Testing Equipment (FOTE) Market - Remote Fiber Test Systems to Witness Most Promising Growth Opportunities

12-11-2018 09:19 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Fiber Optic Testing Equipment (FOTE) Market - Remote Fiber Test

Fiber optic testing equipment (FOTEs) are systems that are used to measure, inspect, and monitor various aspects like power, faults, quality in various fiber optic devices. Fiber optic testing equipment are also used to measure and test entities such as absolute power, reflections, efficiency, noise distortions, and time in various fiber optics applications. In addition, these equipment are used to inspect or monitor medical and biological changes in medical laboratories. Fiber optic testing equipment also find extensive usage to increase the bandwidth of electromagnetic waves of network communications.

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The global fiber optic testing equipment market is poised to witness significant growth over the next few years, chiefly owing to factors such as their high demand in fiber optics devices in the telecommunication industry. The broadening set of applications of FOTEs in a number of new application areas such as research and development, installation and maintenance, measurement solutions, and safety and monitoring solutions is also fueling the global demand of fiber optic testing equipment. In the next few years, the significant rise in demand for measurement solutions and safety and monitoring solutions across the world is anticipated to create numerous growth opportunities for players in the global fiber optic testing equipment.

Transparency Market Research estimates that in terms of revenue, the global fiber optic testing equipment (FOTE) market was pegged at US$571.87 mn in 2016. The market is projected to exhibit a healthy 5.7% CAGR from 2017 to 2025, rising to a valuation of US$936.66 mn by 2025.

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On the basis of product type, the fiber optic testing equipment market has been segmented into optical time domain reflectometer (OTDR), optical light source (OLS), optical power meter (OPM), optical loss test set (OLTS), remote fiber test system (RFTS), and optical spectrum analyzers (OSA). Of these, the segment of OTDR fiber optic testing equipment held the leading market share in terms of revenue contribution to the global market in 2016 and is expected to retain its leading position during the forecast period as well.

However, the segment of RFTS fiber optic testing equipment is expected to witness expansion at the maximum rate during the forecast period, chiefly owing to their increasing demand for telecommunication network devices across countries such as China, India, Japan, U.K., the U.S., Germany, and Singapore.

About TMR

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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