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Optical Power Meter Market is expected to expand at CAGR of 8.9% by 2031-end
Optical Power Meter Market
The Optical Power Meter Market is estimated to have a compound annual growth rate (CAGR) of nearly 8.9% over the forecast period (2022-2031).
Optical power measurement is the most common task in optic calibration, and measurements such as optical amplifier output power, laser power, and receiver sensitivity. The optical power meter is a type of fibre optics test equipment used to measure the electricity in optical networks. The optical power meter is consist of calibrated sensor, display, and measuring amplifier. It serves as a convenient tool for manufacture, research & development, and maintenance of equipment incorporated with laser light sources.
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There are two groups optical power meters namely thermal receivers, and photo detectors. Thermal receivers have a wide wavelength range coupled with flat response. On the other hand, photo detectors can measure power levels as low as 1pW, has stronger wavelength dependence, no self-calibration is required, and high sensitivity. Optical power meter has an excellent linearity, homogeneity, full power range, profound reflections, low polarization dependence, and compatibility with different types of fibre.
Optical Power Meter Market: Dynamics
Expanding demand for higher capacity in telecommunication industry has a surge of the request for the highly precise optical power meter, improved connectivity, innovative technology, and growing need for real-time analysis are the primary factor driving the growth of global optical power meter market.
Moreover, device accuracy for proper detection and inspection of flaws, increasing safety along with environmental requirements, and increased automation application are some of the prominent factors fuelling the growth of optical power meter market over the forecast period. However, difficult to maintain dynamic range, lack of awareness along with technical knowledge, and the high cost of testers may limit the growth of the optical power meter market during the forecast the period.
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Optical Power Meter Market: Segmentation
Based on product type
Benchtop Meters
Portable Meters
Virtual Meters
Based on detector type
InGaAs (Indium Gallium Arsenide)
Germanium
Silicon
Others
Based on power range
High Range
Medium Range
Low Range
Based on application
Installation & Maintenance
Manufacturing
Research & Development
Others
Based on the end user industry
Telecommunication Industry
Electrical & Electronics Industry
Automotive & Industrial Industry
Military and Aerospace Industry
Energy & Utilities Industry
Others
Optical Power Meter Market: Regional Outlook
Depending on the geographic region, optical power meter market is classified into seven key regions: North America, Eastern Europe, Latin America, Western Europe, Japan, Asia-Pacific, and the Middle East & Africa. Asia-Pacific is expected to be the leading markets in the global optical power meter market followed by Europe, and Japan is owing to growing telecommunication industry, digitalization, rising power grid problems, rapid industrialization, and increase in adoption of optical test equipment in these regions. The market in Asia-Pacific is projected to have the fastest growth due to growing demand for research and development activities, and expanding need for high bandwidth communication are some of the factors which are anticipated to rise the increase of optical power meter market throughout the forecast period.
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Optical Power Meter Market: Key Players
Some of the prominent players in the optical power meter market are
• Thorlabs, Inc.
• Kingfisher International Pty Ltd.
• Viavi Solutions Inc.
• GAO Tek, Inc.
• Newport Corporation
• EXFO Inc.
• AFL
• Edmund Optics Inc.
• Fluke Corporation
• CableOrganizer.com, Inc.
• INFOS, Inc.
• Techwin(China) Industry Co., Ltd.
• Bioptic Co., Ltd.
• Kn Communication Limited
• Dicon fiberoptics Inc.
• Changzhou Bell Data Communication Equipment Co., Ltd., others.
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