Growing use of optical fibers by the telecom, oil and gas, and military and defense industries is driving the global FOTE market. Data transfers are a critical part of a business operation as companies need information to design, build, and develop their business strategies. When a signal is sent through optical fibers, signal loss is inevitable. A simple measurement of the output signal and input signal does not suffice because the coupling of signals into an optical fiber may also result in some unknown losses. Optical test equipment or optical measuring instruments are designed to measure and characterize the physical attributes of light, which is the basic currency in fiber optic networks.
Technavio's analysts forecast the global FOTE market to grow at a CAGR of 4.8% over the period 2014-2019.
Covered in this report
The report covers the current scenario and the growth prospects of the global FOTE market for the period of 2015-2019. To calculate the market size, the report considers revenue generated through the sales of various FOTE products, including:
Technavio Announces the Publication of its Research Report – Global FOTE Market 2015-2019
Technavio recognizes the following companies as the key players in the Global FOTE Market: Agilent Technologies, Anritsu, EXFO, Fluke, and JDS Uniphase.
Other Prominent Vendors in the market are: Keysight Technologies, Corning, Yokogawa Electric Corporation, Kingfisher International, Tektronix, CORE, and Exfiber Optical Technologies.
Commenting on the report, an analyst from Technavio’s team said: “Installation and maintenance is the largest application segment of the market, accounting for almost 46% of the total market share in 2014, and this growth is expected to continue during the forecast period.”
According to the report, Fiber optics finds several applications in the defense industry as it excels in high-bandwidth applications.
Further, the report states that price-conscious end-users opt for low-cost optical fibers provided by regional vendors, deterring the profitability of large international vendors.
Agilent Technologies, Anritsu, EXFO, Fluke, JDS Uniphase, Keysight Technologies, Corning, Yokogawa Electric Corporation, Kingfisher International, Tektronix, CORE, Exfiber Optical Technologies.