Global Fiber Optic Test Equipment Market 2018-2022
About Fiber Optic Test Equipment
Fiber optic test equipment is a class of testing equipment used to examine the physical characteristics of fiber optic components, thereby enhancing the overall performance. It includes optical power meters, optical light source meters, optical loss test sets, optical spectrum analyzers, optical remote fiber test systems, optical fault locators, and optical time domain reflectometers.
Technavio’s analysts forecast the Global Fiber Optic Test Equipment Market to grow at a CAGR of 3.98% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the fiber optic test equipment market. To calculate the market size, the report considers the revenue generated from the fiber optic test equipment.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Fiber Optic Test Equipment Market 2018-2022
Technavio recognizes the following companies as the key players in the fiber optic test equipment Market: Anritsu, EXFO, Keysight Technologies, National Instruments, Viavi Solutions, Yokogawa Electric
Commenting on the report, an analyst from Technavio’s team said: “One trend affecting this market is the development of network function virtualization”. Network function virtualization (NFV) refers to the software services that provide solutions to replace the hardware components of network systems. NFV provides a virtual server platform that consolidates multiple functions of physical network equipment into a single software server.
According to the report, one driver influencing this market is the increasing pace of developments to introduce 5G technology. The next generation of mobile networks, called 5G, is expected to release in the coming years. Fiber optic component providers have a major stake in building the infrastructure for 5G network service providers. Top network carriers, such as AT&T, Verizon, and T-Mobile, have plans to roll out 5G services by the end of 2018 or in early 2019.
Further, the report states that one challenge affecting this market is the emergence of rental players. The high price of fiber optic test equipment has created business opportunities for third-party rental players. Rental players have a major role in influencing the fiber optic test equipment market at a domestic level. They provide test equipment on a rental basis at lower rates to users. This affects the sales of new fiber optic test equipment.
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