Global Fiber Optic Test Equipment Market 2018-2022

Overview of the fiber optic test equipment market

According to Technavio’s test and measurement market research and analysis, the increasing pace of developments to introduce 5G technology will impel the fiber optic test equipment market’s growth during the next few years. Various network carriers including Verizon, T-mobile, and AT&T have plans of rolling out 5G services by the end of 2018 or in early 2019. With the continuous development of infrastructure to support 5G technology, governments across the emerging economies including India and China are promoting testing activities in telecom base stations. As a result, the increased demand for fiber optics from network service providers for effective performance of the 5G technology is further creating more opportunities for network test equipment vendors, in turn, fuelling the market’s growth in the recent years. Technavio’s market research analysts have predicted that the fiber optic test equipment market size will grow to about USD 793 million by 2022.

The emergence of wireless technologies to connect the smart devices in the network has made the adoption of internet quite convenient across several industries. For instance, end-users in the healthcare sector are using smartphones and health apps for recording the medical data and transfer it to the medical professionals. This is helping the consumers to get information about the various medical services, including disease surveillance, epidemic outbreak tracking, and others. However, all this is possible only with a strong and reliable Internet connection, which can be facilitated by fiber optics. With the continuous adoption of wireless technology in different end-user sectors, the use of fiber optics will increase. According to our industry research analysts, growing use of fiber optics due to rising adoption of wireless technology will be one of the key market trends gaining traction in the fiber optic test equipment market during the next few years.

Companies covered