SAN FRANCISCO, Oct. 8, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Fiber Optic Test Equipment - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 6; Released: April 2021
Executive Pool: 682
Companies: 46 - Players covered include Anritsu Company; EXFO, Inc.; Keysight Technologies, Inc.; National Instruments Corporation; Viavi Solutions, Inc.; Yokogawa Electric Corporation and Others.
Coverage: All major geographies and key segments
Segments: Type (Optical Time Domain Reflectometer (OTDR), Optical Light Source (OLS), Optical Power Meter (OPM), Optical Loss Test Set (OLTS), Remote Fiber Test System (RFTS), Optical Spectrum Analysers (OSA), Other Types)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Fiber Optic Test Equipment Market to Reach $1 Billion by 2026
Amid the COVID-19 crisis, the global market for Fiber Optic Test Equipment estimated at US$762.7 Million in the year 2020, is projected to reach a revised size of US$1 Billion by 2026, growing at a CAGR of 4.6% over the analysis period. Optical Time Domain Reflectometer (OTDR), one of the segments analyzed in the report, is projected to record a 4.1% CAGR and reach US$210.2 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Optical Light Source (OLS) segment is readjusted to a revised 4.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $237.3 Million in 2021, While China is Forecast to Reach $178.7 Million by 2026
The Fiber Optic Test Equipment market in the U.S. is estimated at US$237.3 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$178.7 Million by the year 2026 trailing a CAGR of 4.4% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.2% and 3.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.5% CAGR.
Optical Power Meter (OPM) Segment to Reach US$136.6 Million by the year 2026
In the global Optical Power Meter (OPM) segment, USA, Canada, Japan, China and Europe will drive the 5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$81.9 Million in the year 2020 will reach a projected size of US$115.6 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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