LONDON, June 7, 2016 /PRNewswire/ -- This BCC Research report analyzes factors currently driving and restraining growth in this market, as well as conditions that impact the industry's future. Includes forecast through 2020.
Use this report to:
Understand opportunities and highlights of the innovation-driven optical test equipment market.
Analyze various types of optical test equipment and determine the market dynamics of each category.
Identify segments with high growth potential and understand future end-use industries within these segments.
Learn about the region-specific developments in the market.
Highlights
The global market for optical test equipment was $692.0 million in 2014. The market is expected to reach $947.2 million by 2020 from $729.8 million in 2015, increasing at a compound annual growth rate (CAGR) of 5.4% from 2015 through 2020.
Telecommunication and broadband as a segment of this market is expected to grow from $243.7 million in 2015 to $292.2 million in 2020 at a CAGR of 3.7% for the period 2015-2020.
Semiconductor and electronics as a segment of this market will grow from $102.2 million in 2015 to $140.9 million at a CAGR of 6.6% for the period 2015-2020.
STUDY GOALS AND OBJECTIVES
This report is an impact analysis of the optical test equipment market. The analysis includes factors currently driving and restraining growth in this market, as well as conditions that impact the industry's future. The goals and objectives of this report are:
-To understand opportunities and highlights of the innovation-driven optical test equipment market and the major regions and countries of the market.-To analyze various types of optical test equipment and determine the market dynamics of each category.-To identify segments with high growth potential and understand future end-use industries within these segments.-To examine key trends and regional factors related to type, form factor, application and end-use industries that shape and influence the overall market for optical test equipment.-To examine region-specific developments in the market.-To understand l the major stakeholders in the market and the competitive landscape for market leaders.-To analyze growth strategies of key players in the optical test equipment market.-To analyze patent data where relevant.
REASONS FOR CONDUCTING THE STUDY
Optical test equipment, or optical measuring equipment, is used to characterize and measure the physical properties of light. The rapid pace of industrialization, as well as increased demand by new businesses for high bandwidth communication, has led to higher consumption of optical test equipment in recent years. The increased demand also reflects the desire of existing business entities to achieve competitive advantages from switching to modern technologies. Owing to these factors, the demand for high bandwidth communication has risen significantly increased to a large extent. In addition, precision optical measurements are also required for optical research applications in industries such biophotonics, consumer products and environmental sensing among others.
Research and development (R&D) engineers, manufacturing engineers, field service personnel and academic researchers among others all use optical test equipment.
These devices find applications where performance specifications, network health and product quality — in order to maintain production standards — are necessary. Owing to these factors, the optical test equipment market is expected to experience substantial growth during the forecast period. BCC Research considers optical systems and nondestructive testing systems for inspection and maintenance an important area for study.
SCOPE OF REPORT
The optical test equipment market is segmented into the following categories:
Type — optical spectrum analyzer, portable power meters and light sources, optical time domain reflectometer, manufacturing test system and optical wavelength meter.
Form factor — portable and benchtop. The portable equipment segment is further segmented into handheld and others. The benchtop equipment segment is further segmented into rack mounted and others.Application — installation, maintenance, manufacturing and research and development. The maintenance segment is further segmented into signal loss, laser failure, cleaning and troubleshooting, verification and certification.End-use — telecommunication and broadband, television networks, private sector,military and aerospace, oil and gas, automotive, energy, data centers, semiconductors and electronics, mining and others.
Region — North America (U.S., Canada and Mexico); Europe (U.K., Germany, France, Italy and rest of Europe); Asia-Pacific (India, China, Japan, South Korea and rest of Asia-Pacific) and Rest of World (the Middle East, Africa and Latin America, which includes central and South America).
In addition to industry and competitive analysis of the optical test equipment market, this report also includes a patent analysis and a company profiles listing of key market players.
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