[FURL=https://www.industryarc.com/Report/18854/remote-fiber-testing-equipment-market?utm_source=Briefingwire&utm_medium=Pressrelease&utm_campaign=Paidpressrelease]Remote Fiber Testing Equipment Market[/FURL] size was valued at $3.0 billion in 2020, and it is estimated to grow at a CAGR of 5.6% during 2021-2026. The growing demand for Fixed Wireless access networks in telecommunication and networking sector is driving the remote fiber testing equipment industry as these networks offer higher bandwidth and better connectivity compared to conventional alternatives. As remote fiber testing equipment offer many benefits for cable networks including troubleshooting, verification and certification, there has been growing adoption of this equipment. Furthermore, evolution of 5G and its fixed wireless access boost the demand for remote fiber testing equipment industry during the forecast period 2021-2026. The rising demand for components such as optical time domain reflectometers and optical spectrum analysers will drive the market demand.Key Takeaways
North America had dominated the Remote Fiber Testing Equipment market in 2020 owing to early adoption of advanced connectivity networks and high investments in adopting them.
Adoption of fiber optic cables with the evolution of 5G networks set to drive the remote fiber testing equipment market.
High investments in research and development of advanced products such as optical spectrum analyzers, optical time domain reflectometers and others is escalating the market growth.
With growing demand for network speeds and bandwidth, there has been increasing demand for fiber optic cables which set to provide opportunities for remote fiber testing equipment.
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Remote Fiber Testing Equipment Market Segment Analysis – By Geography
APAC dominated the Remote Fiber Testing Equipment market in 2020 with a share of 36.1%, followed by North America and Europe. As the APAC countries such as the China, Japan, India, South Korea have huge presence of telecommunication companies, there is huge adoption of remote fiber testing equipment which is set to drive the market in APAC region. APAC is the major region which has large number of data centers that are the largest consumer of fiber optic cables. According to Energy Consumption of Data Centers 2019, in China, the number of small and medium sized data centers had exceeded 4,00,000. Increasing number of data centers is poised to fuel the market.
Remote Fiber Testing Equipment Market Drivers
High investments and government initiatives
Adoption of Fiber Optics for 5G Infrastructure
The remote fiber testing equipment top 10 companies include Keysight Technologies, Yokogawa Test and Measurement Corporation, Anritsu Corporation, Fluke Networks, National Instruments, VIAVI Solutions Inc, Anixter International, Kingfisher International Pvt Ltd, EXFO Inc, AFL and others.
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