Fiber Optics Testing Market Outlook - 2030
The global fiber optics testing market size was valued at $277.5 million in 2020, and is projected to reach $605.5 million by 2030, registering a CAGR of 8.6% from 2021 to 2030.
Fiber Optics has emerged as one of the leading communication transport mediums around the globe. However, rise in diversity of fiber Optics applications has led to the increase in need for technician training along with the user-friendly and versatile test solutions. Fiber Optics testing comprises of the tools, processes, and standards that are used for testing the fiber links, fiber Optics components, and deployed fiber networks. It includes mechanical as well as Optical testing of discreet elements and comprehensive transmission tests to authenticate the integrity of fiber network installations. Testing evaluates performance of fiber Optics components, cable systems, and plants. Growth of the market is driven by factors including surge in investments for infrastructure development; significant growth in demand for demand for Fiber to the x (FTTx); and progression of the telecommunications industry.
By region, the fiber Optics testing market trends have been analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific accounted for a significant share of the global market in 2020 and is expected to be lucrative market in terms of revenue during the forecast period, owing to presence of leading manufacturers of fiber Optics testing equipment in the region. In addition, the region has become base for advanced manufacturing technologies, several consumer electronics companies, and the other high-end machinery. This factor fuels the demand for advanced manufacturing technologies; thus, fueling the growth of the market.
By Fiber Mode
Single Fiber Mode segment holds dominant position throughout the forecast period
Europe accounts for the second largest share in the market and is expected to witness significant growth during the forecast period. Growth of the market in this region is mainly driven by recent infrastructure developments such as the laying of new fiber Optics cables that links Europe and Africa. Such developments are focused on enhancing internet access and connectivity in Europe. Hence, significant demand for high bandwidth fiber Optics cables for data and communication services in Europe boosts the growth of the fiber Optics testing industry.
Top Impacting Factors
The significant impacting factors in the fiber Optics testing market outlook include surge in investments for infrastructure development, significant growth in demand for demand for Fiber to the x (FTTx), and progression of the telecommunications industry. However, high cost associated with the installation and training for fiber Optics testing may hamper growth of the market. On the contrary, rise in adoption of 5G networks and need for transforming existing fiber Optics networks is expected to create lucrative growth opportunities for the global market.
Segment Review
The global fiber Optics testing market is segmented on the basis of fiber mode, service type, Offering, application and region. In terms of fiber mode, it is fragmented into single mode and multimode. Depending on service type, it is divided into testing services, inspection services, certification services, and other services. Based on Offering The fiber Optics testing market is segmented into in-house services and outsourced services. Based on application the market is segmented into telecommunication, cable television, military & aerospace, railway, oil & gas, energy & power, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
By Service Type
Inspection segment will grow at a highest CAGR of 9.8% during 2021 - 2030.
Competitive Analysis
The key players profiled in the report include UL LLC, TÜV Rheinland, VIAVI Solutions, Eurofins Scientific, EXFO, Fujikura, Element Materials Technology, Intertek, NTS, L3Harris, and Fluke Corporation. Market players have adopted various strategies such as product launch, collaboration & partnership, joint venture, and acquisition to expand their foothold in the fiber Optics testing market.
Covid-19 Impact Analysis
The global fiber Optics testing market has been significantly impacted by the COVID-19 outbreak. The production facilities of the electronics and semiconductors have been halted, owing to the slowdown and unavailability of the workforce across the globe. COVID-19 outbreak has caused a significant and protracted drop in manufacturing utilization, and travel bans & facility closures kept workers out of their factories, which led to slowdown in the growth of the market in 2020.
The Asian and European countries under lockdowns have suffered in major loss of business and revenue, due to the shutdown of manufacturing units in the region. The operations of the production and manufacturing industries have been heavily impacted by the outbreak of the COVID-19 disease; thereby, leading to slowdown in the growth of the market in 2020.
However, the negative impact of COVID-19 on the fiber Optics testing market is expected to be there for a short period of time, and by early 2021 the market is anticipated to observe robust recovery rate along with the extensive demand for fiber Optics testing products post pandemic. This is due to rise in number of market players reassessing their strategies and coming up with quick responses to stabilize their supply chain.
By Region
Asia-Pacific segment is expected to witness highest growth rate during the forecast period
Key Benefits For Stakeholders
- This study comprises analytical depiction of the global fiber optics testing market growth along with the current trends and future estimations to depict the imminent investment pockets.
- The overall fiber optics testing market analysis is determined to understand the profitable trends to gain a stronger foothold.
- The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The current fiber optics testing market forecast is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
- Porter’s five forces analysis illustrates the potency of the buyers and the fiber optics testing market share of key vendors.
- The report includes the market trends and the fiber optics testing market opportunity of key vendors.
Key Market Segments
By Fiber Mode
- Single mode
- Multimode
By Service Type
- Testing services
- Inspection services
- Certification services
- Other services
By Offering
- In-House services
- Outsourced services
By Application
- Telecommunication
- Cable television
- Military and aerospace
- Railway
- Oil and gas
- Energy and power
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Players
- UL LLC
- TÜV Rheinland
- VIAVI Solutions
- Eurofins Scientific
- Fujikura
- Element Materials Technology
- Intertek
- NTS
- L3Harris
- Fluke Corporation
Fiber Optics Testing Market Report Highlights
| Aspects | Details |
 By Fiber Mode |
|
 By Service Type |
|
 By Offering |
|
 By Application |
|
 By Region |
|
 Key Market Players | Intertek Group Plc, L3Harris Technologies, Inc., UL LLC, TUV Rheinland AG Group, Bridgepoint Group plc (Element Materials Technology), Fortive Corporation (Fluke Corporation), Eurofins Scientific SE, Viavi Solutions Inc., National Technical Systems, Inc. (NTS), EXFO Inc. |
Analyst Review
The fiber Optics testing market is projected to depict a prominent growth during the forecast period, owing to various factors, such as surge in investments for infrastructure development; significant growth in demand for fiber to the x (FTTx); and progression of the telecommunications industry. However, high cost associated with the installation and training for fiber Optics testing are expected to hamper the growth of the market.
Vendors operating in the market are offering advanced fiber Optics testing solutions due to the competition. Also, the rise in investment trend among various countries for fiber Optics testing has been observed around the globe. For instance, in October 2020, UL LLC, a global safety certification company launched fiber Optics testing and research laboratory in the Middle East.
The company has opened a 600 square-meter facility in Abu Dhabi. The capabilities of UL includes an evaluation of more than 70 diverse wire & cable product categories to both international and national standards for safety, quality, performance, environmental impact, and regulatory compliance. Such developments are opportunistic for the growth of the market.
On the contrary, rise in adoption of 5G networks and need for transforming existing fiber Optics networks are expected to create lucrative growth opportunities for the global fiber optics testing market.
Various leading players such as UL LLC, TÜV Rheinland, VIAVI Solutions, Eurofins Scientific, EXFO, Fujikura, Element Materials Technology, Intertek, NTS, L3Harris, and Fluke Corporation occupy a prominent revenue share in the Fiber Optics testing market.
The fiber optics testing Market is estimated to grow at a CAGR of 8.6% from 2021 to 2030.
The fiber optics testing Market is projected to reach $605.5 million by 2030.
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Factors such as significant demand for high bandwidth fiber Optics cables for data and communication services in Europe boosts drives the growth of the fiber optics testing market
The key players profiled in the report include UL LLC, TÜV Rheinland, VIAVI Solutions, Eurofins Scientific, EXFO, Fujikura, Element Materials Technology, Intertek, NTS, L3Harris, and Fluke Corporation, and many more.
On the basis of top growing big corporations, we select top 10 players.
The fiber optics testing Market is segmented on the basis of fiber mode, service type, Offering, application and region.
The key growth strategies of fiber optics testing market players include product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations.
subsegments of Offering are in-house services and outsourced services.
Media Safes segment will grow at a highest CAGR of 11.7% during 2021 - 2030.
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