How big is the Fiber Optic Test Equipment Market?

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. Read More

What is the current Fiber Optic Test Equipment Market size?

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

Who are the key players in Fiber Optic Test Equipment Market?

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. Read More

Which is the fastest growing region in Fiber Optic Test Equipment Market?

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

Which region has the biggest share in Fiber Optic Test Equipment Market?

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

What years does this Fiber Optic Test Equipment Market cover, and what was the market size in 2023?

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. Read More

Fiber Optic Test Equipment Market - Size, Share & Industry Analysis

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.

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.