The global fiber optic testing equipment market is expected to witness significant growth in the next few years, due to factors such as high demand in fiber optics devices in the telecommunication industry. The increasing set of applications of FOTEs in a number of new application areas such as installation and maintenance, research and development, measurement solutions and safety and monitoring solutions is also contributing to the growth of fiber optic testing equipment. Considering this fact, a market research report titled as “Fiber Optic Testing Equipment (FOTE) Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025” has been recently added to the vast online collection of Market Research Reports Search Engine (MRRSE). The research report provides the analysis and forecast of the fiber optic testing equipment (FOTE) market at a global and regional level. It includes past data of 2016 with the forecast for the years between 2017 and 2025 based on revenue (US$ Million).
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The global fiber optic testing equipment (FOTE) market is likely to rise at a healthy CAGR of 5.7% between 2017 and 2025. At this pace, the market will reach a valuation of US$936.66 million by the end of 2025 from US$571.87 million in 2016. This report includes a descriptive analysis of the market dynamics which is inclusive of market drivers, restraints, risks and opportunities. Market dynamics are the factors which affect the market growth, thus helping to understand the ongoing market trends of the global market. The market value and forecast for each product type, application and construction segment are given within in the context of global and regional markets. Data provided in this report are calculated based on demand generated from different end users and types.
On the basis of product type, the fiber optic testing equipment market is divided into optical light source (OLS), optical time domain reflectometer (OTDR), optical power meter (OPM), remote fiber test system (RFTS), optical loss test set (OLTS) and optical spectrum analyzers (OSA). Among these, optical time domain reflectometer (OTDR) segment held the leading market share in terms of revenue in the global market in 2016 and is expected to remain dominant throughout the forecast period. Regional segmentation includes the present and forecast demand for Asia-Pacific, North America, Europe, Middle East & Africa (MEA) and Latin America. These are further segmented into countries and regions in accordance to the industry. The Asia Pacific region accounted for over 54% of the overall market in 2016 and is expected to remain at the top over the forecast period.
The report provides a detailed competitive analysis which includes market share and company profiles of the major companies operating in the global market. Key players profiled within the report include Keysight Technologies, Anritsu Corporation, JDS Uniphase Corporation, Tektronix Inc, Fluke Networks, EXFO Inc, Yokogawa Electric Corporation and OZ Optics Limited.
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