Market Share of Fiber Optic Test Equipment Industry
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
EXFO Inc.
Anritsu Corporation
VIAVI Solutions Inc
VeEX Inc.
Yokogawa Electric Corporation
*Disclaimer: Major Players sorted in no particular order
