Market Overview:
The global fiber optic power meter market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for fiber optic communication systems and test equipment, and the growing adoption of optical fibers in various applications. Based on type, the global fiber optic power meter market can be segmented into stationary type and portable type. The stationary type segment is expected to account for a larger share of the market than the portable type segment during the forecast period. This can be attributed to its higher accuracy and reliability as compared to portable types. Based on application, the global fiber optic power meter market can be divided into fiber optic communication system, test equipment, and others (including medical diagnosis, military & defense applications).
Product Definition:
A fiber optic power meter is an instrument used to measure the optical power in a fiber-optic cable. The importance of a fiber optic power meter is that it allows for the determination of the amount of optical power being transmitted through a fiber-optic cable, which can be necessary when troubleshooting or repairing communication lines.
Stationary Type:
Stationary type is used in fiber optic power meter market for measuring the optical power. It's a device that can measure the optical power of an electromagnetic wave with no moving parts and without any physical contact. The light source used in these instruments is usually a laser, LED or neon lamp. These are widely applied to test the performance of long-distance cables as well as local networks such as Ethernet, Token Ring and FDDI.
Portable Type:
Portable type is used in fiber optical power meter for measuring the optical power of a signal carried by an optical fiber. It consists of a source, detector and an analyzer. The source generates the light along with its wavelength which is then sent to the detector for analyzing its intensity. The detected value is then converted into electrical form using an onboard internal processor and displayed on screen along with other data such as temperature, time etc.
Application Insights:
The market is segmented by application into fiber optic communication system, test equipment, and others. The fiber optic communication system segment dominated the overall industry in terms of revenue share in 2017. It is expected to maintain its dominance over the forecast period owing to increasing demand for high-speed data transfer services and cloud-based applications. Fiber optic technology has enabled providers with a wide range of options for offering high-speed internet access to their customers at affordable prices while maintaining reliable connectivity at all times.
The test equipment segment was valued over USD 1 billion in 2017 due to growing demand from telecom companies and other industries such as oil & gas for testing purposes.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing investments in infrastructure development, growing demand for high-speed internet and rapid technological advancements across all major industries including automotive, aerospace & defense and electronics among others.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to increasing adoption of fiber optic cables in telecommunication industry as a medium for data communication over long distances with minimal errors at higher speeds along with their applications in other industrial sectors such as automation, medical testing equipment and others are also expected to drive regional growth during the forecast period.
Growth Factors:
- Increasing demand for fiber optic communication systems
- Rapid growth of data traffic and the need for high-bandwidth networks
- Proliferation of optical fiber in telecom networks worldwide
- Growing demand for FTTx services
- Increasing number of FTTH deployments
Scope Of The Report
Report Attributes
Report Details
Report Title
Fiber Optical Power Meter Market Research Report
By Type
Stationary Type, Portable Type
By Application
Fiber Optic Communication System, Test Equipment, Others
By Companies
Keysight, EXFO Inc., Fluke (Fortive), Joinwit Optoelectronic Technical Co., Ltd., Newport Corporation (MKS Instruments, Inc.), Shenzhen SPEEDWOLF Technology Co., Ltd, Thorlabs, GAO Tek Inc. (GAO Group), DEVISER, Edmund Optics
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
160
Number of Tables & Figures
112
Customization Available
Yes, the report can be customized as per your need.
Global Fiber Optical Power Meter Market Report Segments:
The global Fiber Optical Power Meter market is segmented on the basis of:
Types
Stationary Type, Portable Type
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Fiber Optic Communication System, Test Equipment, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Keysight
- EXFO Inc.
- Fluke (Fortive)
- Joinwit Optoelectronic Technical Co., Ltd.
- Newport Corporation (MKS Instruments, Inc.)
- Shenzhen SPEEDWOLF Technology Co., Ltd
- Thorlabs
- GAO Tek Inc. (GAO Group)
- DEVISER
- Edmund Optics
Highlights of The Fiber Optical Power Meter Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Stationary Type
- Portable Type
- By Application:
- Fiber Optic Communication System
- Test Equipment
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Fiber Optical Power Meter Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A fiber optical power meter is a device that measures the power output of a fiber optic system.
Some of the major companies in the fiber optical power meter market are Keysight, EXFO Inc., Fluke (Fortive), Joinwit Optoelectronic Technical Co., Ltd., Newport Corporation (MKS Instruments, Inc.), Shenzhen SPEEDWOLF Technology Co., Ltd, Thorlabs, GAO Tek Inc. (GAO Group), DEVISER, Edmund Optics.
The fiber optical power meter market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Fiber Optical Power Meter Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Fiber Optical Power Meter Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Fiber Optical Power Meter Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Fiber Optical Power Meter Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Fiber Optical Power Meter Market Size & Forecast, 2020-2028
4.5.1 Fiber Optical Power Meter Market Size and Y-o-Y Growth
4.5.2 Fiber Optical Power Meter Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Stationary Type
5.2.2 Portable Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Fiber Optic Communication System
6.2.2 Test Equipment
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Fiber Optical Power Meter Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Fiber Optical Power Meter Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Stationary Type
9.6.2 Portable Type
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Fiber Optic Communication System
9.10.2 Test Equipment
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Stationary Type
10.6.2 Portable Type
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Fiber Optic Communication System
10.10.2 Test Equipment
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Stationary Type
11.6.2 Portable Type
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Fiber Optic Communication System
11.10.2 Test Equipment
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Stationary Type
12.6.2 Portable Type
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Fiber Optic Communication System
12.10.2 Test Equipment
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Stationary Type
13.6.2 Portable Type
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Fiber Optic Communication System
13.10.2 Test Equipment
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Fiber Optical Power Meter Market: Competitive Dashboard
14.2 Global Fiber Optical Power Meter Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Keysight
14.3.2 EXFO Inc.
14.3.3 Fluke (Fortive)
14.3.4 Joinwit Optoelectronic Technical Co., Ltd.
14.3.5 Newport Corporation (MKS Instruments, Inc.)
14.3.6 Shenzhen SPEEDWOLF Technology Co., Ltd
14.3.7 Thorlabs
14.3.8 GAO Tek Inc. (GAO Group)
14.3.9 DEVISER
14.3.10 Edmund Optics
