![]() ![]() Numerous fibre optic tool companies will probably look into cutting-edge fibre optic solutions over the coming years, including potential applications in the maritime and healthcare sectors. ![]() To maintain link quality as connectivity speeds rise, cable performance becomes increasingly crucial, opening the door for various fibre optic cable types. However, end users must install resilient cabling and network equipment to benefit from this connectivity fully. The pandemic has allowed end users to discover and rediscover the benefits of the digital ecosystem. These tools are used for inspection, on-site troubleshooting of network systems, and research and development stages across the industrial sector. The importance of fibre optic tools for various network mediums has grown as the telecommunications industry worldwide accelerates its shift to fibre optic cables to achieve high-speed data transfer. Network test equipment vendors now have more opportunities thanks to the rising demand for fibre optic test equipment,” says FMI. “The growing need for fibre optic test equipment from network service providers for the 5G technology to function properly has propelled the growth of the market for fibre optic testing equipment in recent years. Because of the ongoing infrastructure construction necessary to support 5G technology, governments in developing nations like China and India support testing operations in telecom base stations. The advent of 5G technology may speed up development, which could increase demand for fibre optic test equipment in the upcoming years. The East Asia fibre optic test equipment industry may outperform North America throughout the forecast. Telecommunications service providers may continue to be the principal end-user until 2030. The key factors driving the fibre optic test equipment demand are increasing data usage rates and network bandwidth expansion. Given the strong demand for tier-2 certification criteria and rising investment in 4G/5G rollout, optical time domain reflectometers (OTDR tester) may continue to be favoured equipment. In 2022, fibre optic test equipment sales were worth US$865.1 million. In addition, the increased need for real-time operations necessitates continual testing of insertion loss and bandwidth to provide services efficiently. The growth in fibre cable networks and fibre optic cable types may augment the fibre optic test equipment demand in the market. Therefore, one of the key industry trends gaining pace in the fibre optic test equipment market over the next few years will involve the expanded adoption of fibre optic test equipment due to the increasing acceptance of wireless technologies. The adoption of fibre optics is expanding as wireless technology is increasingly adopted in many end-user sectors. ![]() These insights are based on a Facility Management Services Market report by Future Market Insights (FMI).Īccording to market research experts at FMI, the size of the fibre optic tools market accounted for US$702.2 million in 2018 to US$865.1 million in 2022. From installing the most advanced data centers to restoring service in the worst weather, our combination of legendary reliability and unmatched performance ensure jobs are done efficiently.The fibre optic test equipment market is to be worth US$923 million in 2023 and is expected to reach US$1,779.9 million by 2033, with a 6.8% CAGR between 20. ![]() Fluke Networks is the worldwide leader in certification, troubleshooting, and installation tools for professionals who install and maintain critical network cabling infrastructure. ![]()
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