DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/bmgnfd/fiber_optic_test) has announced the addition of the "Fiber Optic Test Equipment Market by Type, by Form Factor, Application, End User & Geography - Global Forecast to 2020" report to their offering.
The overall Fiber optic test equipment market is expected to reach USD 902.18 Million by 2020, at an estimated CAGR of 4.86% between 2015 and 2020.
The fiber optic test equipment can be broadly classified into OTDR, OLS, OPM, OLTS, and RFTS. The market for OLTS and RFTS is expected to grow at a high CAGR compared to other equipment. OLTS consists of both optical light source and power meter in the same unit that reduces the complexity of operation while RFTS helps in remotely testing the fiber optic system.
The market for the telecommunication and broadband application is expected to account for the largest share of -60% of the studied market. Many telecommunication companies use fiber optics to transmit telephone signals as well as internet communication and cable television signals. Due to much lower attenuation and interference, fiber optic has many advantages over existing copper wires in long-distance applications which are in-demand. The demand for broadband in FTTx as well as 4G and LTE mobile networks is driving the demand for fiber optic test equipment.
The unit shipments for fiber optic test equipment are expected to grow at a CAGR of 13.64% from 2015 to 2020. The APAC region has the largest number of broadband connections worldwide and there is high penetration of fiber optic based network in this region which is expected to boost the demand for fiber optic test equipment in this region.
Some of the major players in the market include JDS Uniphase Corporation (US), EXFO (Canada), Anritsu Corporation (Japan), Keysight Technologies (US), Fluke Networks (US), Corning Incorporated (U.S.), Yokogawa Electric Corporation (Japan), Kingfisher International Pty Ltd (Australia), AFL (U.S.), and Tektronix Inc. (U.S.).
For more information visit http://www.researchandmarkets.com/research/bmgnfd/fiber_optic_test