Optical Spectrum Analyzer (OSA) Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Market Overview

The optical spectrum analyzer market the xxx market was valued at USD 178.8 million in 2020 and expected to reach USD 243.823 million by 2026, while registering a CAGR of 6.4 % in the forecast period (2021 - 2026). Optical spectrum analyzers are the key components enabling the research and development and installations operations in several communication applications.

• The manufacturing process of such mobile versions has expanded the scope of optical spectrum analyzers into the field service, especially for inspections and installation purposes. The demand for optical spectrum analyzers (OSA) is generally high from the telecom and manufacturing industry.
• The increasing demand for connected environments, especially in the manufacturing sector, has started driving the demand for faster and more reliable communication networks.
• With the introduction of 5G and cloud communications services is expected to increase the data traffic volumes and data generation massively. In order to allow in-time delivery required for the rapid expansion and adoption of faster rate optical modules, increased module production and shorter inspection times is required.
• The advancements in optical technologies and the advent of solid-state optics have helped several manufacturers in the global market to minimize the operations performed by a bench top sized apparatus to a mobile, handheld device.

Scope of the Report

An optical spectrum analyzer is a precision instrument that is used for measurement and displaying the distribution of power from an optic source over a specified wavelength span. The optical spectrum analyzer market for this study is segmented by types such as portable, handheld, benchtop, end-user as in telecommunication, manufacturing, consumer electronics among other and regions.

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Key Market Trends

Telecommunications is Expected to Hold the Largest Share

• One of the major applications of the OSAs is in the telecommunications market where dense wavelength division multiplexing (DWDM) is used to provide high data bandwidth over fiber optics. Most of the telecommunication equipment fabrication procedure includes a wavelength characterization test to qualify a product for market entry, the demand for OSAs from this sector is considerably high.
• Rapidly evolving communication networks and new spectrum like 5G are also creating significant demand opportunity for advanced telecommunication equipment, contributing to the increase in demand for OSAs from telecom manufacturers. The reducing number of 2G service providers are further expected to boost the R&D activities for cheaper communication alternatives that could replace 2G
• As of 2018, several advanced telecom markets globally have shut down their 2G services. For example, as of April 2018, Australia no longer supports 2G services. In the case of countries such as Japan, the 2G was shut down way back in 2011 due to the very low number of 2G subscribers.

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