The global fiber test equipment market is driven by increase in demand in fiber optics devices in the telecommunication industry. Moreover, rise in advancements of existing fiber-optic networks and new communication standards; and growth in application areas such as installation & maintenance, R&D, safety & monitoring solutions, and measurement solutions fuel the fiber test equipment market growth. However, high cost and complexity of this equipment impede the growth. Furthermore, continuous growth in demand for measurement solutions and safety & monitoring solutions worldwide is expected to present enormous opportunities for market development.
Major market players such as – EXFO Inc., JDS Uniphase Corporation, Anritsu Corporation, Keysight Technologies, Tektronix Inc., Fluke Networks, Kingfisher International PTY Ltd, Yokogawa Electric Corporation, OZ Optics Ltd., and Corning Incorporated.
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The fiber test equipment market trend is segmented on the basis of construction segment, application, product, and region. The construction segment covered in this study includes portable/handheld and rack mounted/bench top. Based on application, the market is categorized into measurement solutions, safety and monitoring solutions, R&D, and installation & maintenance. On the basis of product, it is divided into optical light source (OLS), optical loss test set (OLTS), optical power meter (OPM), optical spectrum analyzer (OSA), remote fiber test system (RFTS), and optical time domain reflect meter (OTDR). Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key drivers that are propelling the growth of the market included in the report. Additionally, challenges and restraining factors that are likely to curb the growth of the market are put forth by the analysts to prepare the manufacturers for future challenges in advance.
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