MOUNTAIN VIEW, Calif., March 14, 2013 /PRNewswire/ -- The increasing number of fiber cable network deployments has spurred demand for fiber optic test equipment (FOTE) globally. Fiber optic communication is quickly becoming the future of network and communication, and the optic network will soon be the framework of every industry. As such, testing for insertion loss and bandwidth is vital in order to ensure effective real-time operations. This presents the global FOTE market with immense growth opportunities.
New analysis from Frost & Sullivan (http://www.testandmeasurement.frost.com), Technology Advancements Drive the Need for Fiber Optic Test Equipment Globally, finds that the market earned revenues of over $584.4 million in 2011 and estimates this to reach $805.8 million in 2018.
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Technological advancements will facilitate real-time 40 gig and 100 gig network deployments in every sector. This will require high fiber optic performance, and in turn, encourage the adoption of FOTE.
"The Internet presently requires swift data transfer for switching, routing, virtualization, and convergence," said Frost & Sullivan Industry Manager Sujan Sami. "Fiber optic cables are capable of such high-speed transfers, and their increasing use necessitates fiber optic testing."
Since networks and electronic products are becoming complex, it is critical to develop FOTE with better functionality, ease-of-use, and enhanced testing capabilities. The advent of powerful bit error rate testers as well as integrated and next-generation testing systems will boost testing frequency and add to market revenue.
Despite this market relevance of FOTE, the lack of customer awareness restrains implementation. End users do not fully comprehend the sophisticated technologies or possess the skills to use them effectively.
Furthermore, while the number of fiber cable networks has grown, the number of networks monitored for proper functioning has not gone up, resulting in performance degradation.
"Suppliers must educate companies on the importance of proactive testing," concluded Sami. "Research and development along with increased manufacturing will draw investments into the FOTE market, particularly in Asia-Pacific and emerging markets."
Technology Advancements Drive the Need for Fiber Optic Test Equipment Globally is part of the Test & Measurement Growth Partnership Services program, which also includes research in the following markets: LTE Test Equipment Market, Chinese Ethernet Test Equipment Market, IPv4 to IPv6 Transition Testing Market, and Global Mobile Backhaul and Wireless Core Market. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.
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Technology Advancements Drive the Need for Fiber Optic Test Equipment Globally
SOURCE Frost & Sullivan