The Internet has become a vital platform for economic and community development. The growing number of internet users and rising penetration has resulted in the telecom providers expanding their existing fiber-optic network, which is resulting into an increased demand for fiber optic test equipment. Moreover, the growing number of telecom towers in various countries is positively impacting the growth of the Global Fiber Optic Test Equipment market. The end-users utilizing the internet in the Asia-Pacific region have been gradually growing and are expected to surge in the forthcoming period. The mobile subscriber growth in China and India is estimated to be around 21% and 26% during 2018-2021.
According to the MarkNtel Advisors’ research report titled “Global Fiber Optic Test Equipment Market Analysis, 2020”, the Global fiver optic test equipment market is anticipated to register a CAGR of 5.36% during 2020-25. In addition, the data center segment is also estimated to capture a considerable market share in the overall Global Fiber Optic Test Equipment market.
The rising number of government initiatives to boost the telecommunication sector is anticipated to be a key factor in strongly contributing to the growth of Fiber Optic Test Equipment market. In 2018, the government of India launched the National Digital Communication Policy which plans to invest USD 100 billion in the telecommunication sector by 2022.
The Global Fiber Optic Test Equipment market comprises several players such as Viavi Solutions, EXFO Inc, Anritsu Corporation, Fluke Networks, etc., which captures a considerable share in The Global Fiber Optic Test Equipment market. The rising number of acquisitions by the companies to expand their business would positively impact the growth of the Fiber Optic Test Equipment market
Key Questions Answered in the Market Research Report
Market Outlook, Segmentation and Statistics
Frequently Asked Questions
Q. What would be the growth rate or CAGR of Global Fiber Optics Test Equipment Market during 2020-25?
A. The market size of Global Fiber Optics Test Equipment Market during 2020-25 is forecast to be around 5.36%.
Q. Which region of Fiber Optics Test Equipment services would grab the highest market share during 2020-25?
A. It is forecast that Asia-Pacific region will dominate the market with majority market share, with market size registering considerably higher CAGR.
Q. Who are the key competitors or players operating in Global Fiber Optics Test Equipment Market?
A. Viavi Solutions, EXFO Inc, Anritsu Corporation, Fluke Networks are few of the leading players in the Global Fiber Optics Test Equipment Market.
Q. Does the report scope cover Fiber Optics Test Equipment type wise market statistics also?
A. Yes, the scope of the report encompass detailed Optics Test Equipment type wise statistics such as market size, market segmentation based on various subcategories.
Q. Which end user segment would emerge as an opportunity area for players in Fiber optics test equipment market?
A. The Telecommunication Service Providers & Network Equipment Manufacturers segment is also estimated to capture a considerable market share in the overall global fiber optic test equipment
