Fiber optics is the science of transmitting data, voice, and images by the passage of light through thin, transparent fibers. A fiber optic consists of a bundle of glass threads, each of which is capable of transmitting messages modulated onto light waves. Fiber optic testing is gaining value due to its growing applications in the installation and maintenance of fiber optic cables. The major end-users of fiber optic test equipment include telecommunication and broadband, cable television, and data centers.
The demand for broadband in FTTx and 4G & LTE mobile networks is driving the demand for fiber optic test equipment. Furthermore, the market for fiber optic test equipment used in data centers is expected to grow at a CAGR of 8.11% between 2015 and 2020.
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The overall fiber optic test equipment market has been segmented based on type into OTDR, OLS, OPM, OLTS, and RFTS. The OTDR is majorly used for the installation and maintenance of fiber optic systems in the telecommunications and broadband network application. Hand-held and portable OTDRs are light in weight, battery operated and less expensive in comparison to bench top or rack mounted OTDRs due to which the market for handheld OTDRs has been growing more rapidly than that of bench top and rack mounted ones. Geographically, the studied market in APAC is expected to grow at the highest rate in the next five years, at a CAGR of 6.05%. The major reasons for the projected growth of global fiber optic test equipment market are the increasing demand for FTTX and CATV network in APAC.
This report is based on an extensive research study of the fiber optic test equipment market and aims at identifying the entire market and all its sub-segments through extensively detailed classifications. The demand for the fiber optic test equipment is expected to increase significantly across various verticals.
A complete competitive landscape for the current market for fiber optic test equipment has been analyzed on the basis of the market share analysis and rankings of the current key players. The competitive information provided in this report includes key developments, core strategies adopted by various players, mergers & acquisitions, new product developments, collaborations, and joint ventures of key manufacturers along with their company profiles.
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