Fiber Optic Test Equipment Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Fiber Optic Test Equipment Market Report is Segmented by Equipment Type (Optical Light Sources, Optical Power & Loss Meters, Optical Time Domain Reflectometer, Optical Spectrum Analyzers, Remote Fiber Test Systems, and Other Equipment Types), End-User Applications (Telecommunications, Data Centers, Industries, and Other End-User Applications), and Geography (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

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Fiber Optic Test Equipment Market Size

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Fiber Optic Test Equipment Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 1.10 Billion
Market Size (2029) USD 1.51 Billion
CAGR (2024 - 2029) 6.50 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific

Major Players

Fiber Optic Test Equipment Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Fiber Optic Test Equipment Market Analysis

The Fiber Optic Test Equipment Market size is estimated at USD 1.10 billion in 2024, and is expected to reach USD 1.51 billion by 2029, growing at a CAGR of 6.5% during the forecast period (2024-2029).

Fiber optic test equipment detects signal loss or changes through a fiber optic cable. When a signal is delivered across optical fibers, signal loss is unavoidable. As a result of the coupling of output and input signals, there may be some transmission losses. Fiber Optic Test Equipment (FOTE) is extremely useful for characterizing and measuring the physical properties of light, which is a critical feature of fiber optic networks.

  • With growing online transactions and virtual meetings, companies need 5G and optic fiber cable to stay competitive. These cables are cost-effective, convenient, and easy solutions for many industrial applications, such as lighting and decorations, data transmission, surgeries, and mechanical inspections. The growing work-from-home or hybrid work model drives the demand for FTTH across the United States and Europe, further driving the studied market.
  • Fiber optic cables of high quality and quantity are required to build 5G base stations. The development of UDN, or ultra-dense networks, has sparked a surge in demand for fiber optic cables. The total number of fiber optic cables required for the 5G transition is more than double that of the 4G infrastructure. Other changes will necessitate a large number of Fiber optic lines.
  • Moreover, Fiber optic cables are primarily employed in medicine, biomedical research, and microscopy. Optical communication is essential in endoscopy, as it is in non-invasive surgery. A small bright light is utilized in this procedure to light up the operation area inside the human body, allowing the number and size of incisions to be reduced. Fiber optic cable is also utilized as an imaging tool, a light guide, and a laser for surgical assistance.
  • The fiber optic test equipment market is predicted to increase in response to the growing number of fiber cable networks. To deliver successful services, the increased need for real-time operations necessitates continual testing of bandwidth and insertion loss. As a result of this need, the fiber optic test equipment market is predicted to grow significantly.
  • Various data center vendors are consistently investing in new data centers in line with the insatiable need for data. According to the National Association of Software and Service Companies (NASSCOM), India's data center market investment is expected to reach USD 4.6 billion in 2025. India's higher cost efficiency in both development and operation is its most significant advantage compared to more mature markets. Currently, India's data centers are primarily located in Mumbai, Bengaluru, Chennai, Delhi (NCR), Hyderabad, and Pune. Calcutta, Kerala, and Ahmedabad are the upcoming data center hubs. These growing data center market investments drive the demand for fiber optic test equipment in India. 

Fiber Optic Test Equipment Market Trends

Telecommunications to Witness Significant Growth

  • Fiber optic connections have transformed the telecommunications sector. It has also established a strong presence in the data networking field. Optical communications through fiber optic cable have enabled telecommunications lines to be established over considerably greater distances. With the significantly lower transmission and medium loss levels, fiber optical communications have enabled far higher data speeds to be accommodated. As a result of these advantages, Fiber optic communications systems are widely used for applications ranging from significant telecommunications infrastructure to Ethernet systems, broadband distribution, and general data networking.
  • Growing demand for connectivity and internet access among the rising metropolitan cities positively drives the market's growth. The growing need for higher internet speed and better connectivity eventually requires strong and efficient fiber optic test equipment, which optical technology fulfills, thereby positively driving the market's growth.
  • The market for fiber optic test equipment is also driven by the emergency of 5G connectivity and the rapid expansion of fiber optic networks. For instance, According to Ericsson, rapid growth is expected over the coming years, with the number of 5G subscriptions forecast to reach almost 4.7 billion by 2028
  • Additionally, fiber-to-the-home deployments are becoming more common as providers seek to deliver high-speed internet directly to homes and businesses. Fiber test equipment is essential for ensuring the quality and reliability of these last-mile connections.
Fiber Optic Test Equipment Market : Estimated Number of 5G Subscriptions, in Millions, Global, 2019-2028

Asia Pacific to Register Major Growth

  • China is anticipated to remain among the major markets for fiber optic test equipment in the Asia Pacific region, owing to the presence of a large ecosystem for optical fiber cables. For instance, the country has a diversified base of fiber optical cable manufacturers. Furthermore, the government is also witnessing a notable growth in digital infrastructure investment, creating opportunities in the market studied as optical fiber cables form the core of digital infrastructure.
  • China's technological outreach also incorporates its international infrastructure mega-project, the Belt and Road Initiative (BRI), which aims to reorient the global economy toward Beijing through infrastructure deals with over 60 countries. BRI's most consequential component is expected to be the Digital Silk Road (DSR). China builds the Digital Silk Road from Pakistan to Africa and Europe. Directed by companies like Huawei, the DSR seeks to connect the global economy through evolving technologies transforming global networks, such as fiber-optic cables and 5G-supported communications.
  • Japan holds significant growth potential for the fiber optic test equipment market as the country houses an established ecosystem for fiber optic networks. Furthermore, the growing demand for increased network bandwidth is also driving the Japanese optical fiber cable market with the proliferation of digital technologies that shift the bandwidth requirements. For instance, according to the recent government policy promoting digitization, the government aims to expand the high-speed fiber-optic networks to about 99.9% of households by 2028.
  • Furthermore, the government aims to expand the coverage of next-generation 5G wireless networks to 99% of the population by 2030 and complete seabed cables surrounding Japan by the end of fiscal year 2025. Hence, such trends will drive ample opportunities in the market studied during the forecast period.
Fiber Optic Test Equipment Market: Market CAGR (%), By Region, Global

Fiber Optic Test Equipment Industry Overview

The fiber optics test equipment market is fragmented due to the high competitive rivalry among the market players. Also, these companies are extensively investing in offering customers a wide range of technologies for application-specific field measurement, monitoring, and maintenance. Moreover, companies such as EXFO Inc., Anritsu Corporation, VIAVI Solutions Inc., VeEX Inc.Yokogawa Electric Corporation continuously invest in strategic partnerships, acquisitions, and product development to gain more market share. Some of the recent actions by the companies are listed below.

  • In March 2024, VIAVI Solutions entered into an agreement on terms of a cash tender for Spirent, subject to the unanimous approval of Spirent’s Board. The tender is known as the ‘Acquisition’. Spirent is implementing this strategy to expand its products into live networks, grow recurring revenue streams, and deliver value-added services and solutions across its product portfolio.
  • In February 2024, Korea’s Radio Frequency Association (RAPA) and Japan’s Anritsu Corp. (Anritsu) signed an MoU on February 22, 2024, at Anritsu’s Headquarters. The MoU outlines their collaboration on B5G and 6G, the next generation of communication standards. The MoU outlines RAPA’s plan to collaborate with Anritsu in multiple areas to promote the development of B5G / 6G technologies, including setting up a test environment to validate candidate frequency bands for the B5G / B6G technologies, namely FR3 (7GHz to 24GHz) and sub-THz (100GHz and above) and technical cooperation from the PoC stage.

Fiber Optic Test Equipment Market Leaders

  1. EXFO Inc.

  2. Anritsu Corporation

  3. VIAVI Solutions Inc

  4. VeEX Inc.

  5. Yokogawa Electric Corporation

*Disclaimer: Major Players sorted in no particular order

Fiber Optic Test Equipment Market  Concentration
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Fiber Optic Test Equipment Market News

  • March 2024 - VeEX Inc. unveiled the RXT- 6800 Advanced 800G Multiservice test module. Based on the RXT-6400400G high-speed test module, the RXT6800 provides the flexibility to test existing interfaces up to a maximum of 800G. This new module is the industry's smallest, most versatile, and most portable 800G field test solution.
  • February 2024 - Anritsu Corporation (Anritsu) and MediaTek (MediaTek) have validated Advanced three uplink transmitters (3TX) technology found in MediaTek's M80 5G modem using Anritsu's MT8000A all-in-one Radio Communication Test Station. The MT8000A is a versatile test platform designed for ultrafast, high-capacity 5G communications. It supports sub-6GHz and mmWave RF testing and protocol testing for advanced 5G technologies.

Fiber Optic Test Equipment Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS

    1. 4.1 Market Overview

    2. 4.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.2.1 Bargaining Power of Suppliers

      2. 4.2.2 Bargaining Power of Buyers

      3. 4.2.3 Threat of New Entrants

      4. 4.2.4 Threat of Substitutes

      5. 4.2.5 Intensity of Competitive Rivalry

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Impact of COVID-19 Aftereffects and Other Macroeconomic Factors on the Market

  5. 5. MARKET DYNAMICS

    1. 5.1 Market Drivers

      1. 5.1.1 Increasing Penetration of 5G/LTE Networks and Fixed Broadband Subscription

      2. 5.1.2 Growing Adoption of fiber optic networks for power and utility management, Security, and Communication

    2. 5.2 Market Restraints

      1. 5.2.1 High Cost of Testers and Fiber Optic Test Equipment

      2. 5.2.2 Lack of Awareness and Technical Knowledge

  6. 6. MARKET SEGMENTATION

    1. 6.1 By Equipment Type

      1. 6.1.1 Optical Light Sources

      2. 6.1.2 Optical Power and Loss Meters

      3. 6.1.3 Optical Time Domain Reflectometer

      4. 6.1.4 Optical Spectrum Analyzers

      5. 6.1.5 Remote Fiber Test System

      6. 6.1.6 Other Equipment Types

    2. 6.2 By End-user Application

      1. 6.2.1 Telecommunications

      2. 6.2.2 Data Centers

      3. 6.2.3 Industries

      4. 6.2.4 Other End-user Applications

    3. 6.3 By Geography***

      1. 6.3.1 North America

        1. 6.3.1.1 United States

        2. 6.3.1.2 Canada

      2. 6.3.2 Europe

        1. 6.3.2.1 Germany

        2. 6.3.2.2 United Kingdom

        3. 6.3.2.3 France

      3. 6.3.3 Asia

        1. 6.3.3.1 China

        2. 6.3.3.2 Japan

        3. 6.3.3.3 India

      4. 6.3.4 Australia and New Zealand

      5. 6.3.5 Latin America

        1. 6.3.5.1 Brazil

        2. 6.3.5.2 Argentina

        3. 6.3.5.3 Mexico

      6. 6.3.6 Middle East and Africa

        1. 6.3.6.1 United Arab Emirates

        2. 6.3.6.2 South Africa

  7. 7. COMPETITIVE LANDSCAPE

    1. 7.1 Company Profiles*

      1. 7.1.1 EXFO Inc.

      2. 7.1.2 Anritsu Corporation

      3. 7.1.3 VIAVI Solutions Inc.

      4. 7.1.4 VeEX Inc.

      5. 7.1.5 Yokogawa Electric Corporation

      6. 7.1.6 Kingfisher International

      7. 7.1.7 AFL Global

      8. 7.1.8 Fluke Networks

      9. 7.1.9 Pelorus Technologies Pvt. Ltd

      10. 7.1.10 Deviser Instruments

      11. 7.1.11 Terahertz Technologies Inc. (Trends Networks)

      12. 7.1.12 AMS Technologies Ag

  8. 8. INVESTMENT ANALYSIS

  9. 9. FUTURE OF THE MARKET

**Subject to Availability
***In the final report, Australia, and New Zealand will be studied together under 'Rest of Asia Pacific'
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Fiber Optic Test Equipment Industry Segmentation

The fiber optic test equipment market is defined by the revenue generated from the sale of fiber optic test equipment offered by different market players for a diverse range of end-user applications. The market trends are evaluated by analyzing the investments made in product innovation, diversification, and expansion. Further, the advancements in telecommunications, data centers, and industries are also crucial in determining the growth of the market studied.

The fiber optic test equipment market is segmented into equipment type (optical light sources, optical power and loss meters, optical time domain reflectometer, optical spectrum analyzers, remote fiber test system, and other equipment types), end-user application (telecommunications, data centers, industries [military and aerospace, manufacturing, oil & gas, energy and power], and other end-user applications) and geography (North America (United States, Canada), Europe (Germany, United Kingdom, France, Rest of Europe), Asia-Pacific (China, Japan India, Rest of Asia-Pacific), Latin America (Brazil, Argentina, Mexico, Rest of Latin America), Middle East & Africa (United Arab Emirates, Saudi Arabia, South Africa, Rest of Middle East and Africa)). The market size and forecasts are provided in terms of value (USD) for all the above segments.

By Equipment Type
Optical Light Sources
Optical Power and Loss Meters
Optical Time Domain Reflectometer
Optical Spectrum Analyzers
Remote Fiber Test System
Other Equipment Types
By End-user Application
Telecommunications
Data Centers
Industries
Other End-user Applications
By Geography***
North America
United States
Canada
Europe
Germany
United Kingdom
France
Asia
China
Japan
India
Australia and New Zealand
Latin America
Brazil
Argentina
Mexico
Middle East and Africa
United Arab Emirates
South Africa
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Fiber Optic Test Equipment Market Research FAQs

The Fiber Optic Test Equipment Market size is expected to reach USD 1.10 billion in 2024 and grow at a CAGR of 6.5% to reach USD 1.51 billion by 2029.

In 2024, the Fiber Optic Test Equipment Market size is expected to reach USD 1.10 billion.

EXFO Inc., Anritsu Corporation, VIAVI Solutions Inc, VeEX Inc. and Yokogawa Electric Corporation are the major companies operating in the Fiber Optic Test Equipment Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Asia Pacific accounts for the largest market share in Fiber Optic Test Equipment Market.

In 2023, the Fiber Optic Test Equipment Market size was estimated at USD 1.03 billion. The report covers the Fiber Optic Test Equipment Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Fiber Optic Test Equipment Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Fiber Optic Test Equipment Industry Report

Statistics for the 2024 Fiber Optic Test Equipment market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Fiber Optic Test Equipment analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Fiber Optic Test Equipment Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)