Fiber Optics Testing Market size was valued at USD 1.49 Billion in 2023 and is set to exceed USD 6.34 Billion by the end of 2036, expanding at over 11.8% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of fiber optics testing is evaluated at USD 1.65 Billion.The growth of the market can be attributed to the increasing demand for high-speed internet connectivity. The speed of fiber optic internet is approximately 20 times quicker than conventional cable internet and 80 times faster than DSL (digital subscriber line). According to Eurostat, in 2021, 70% of EU homes are going to have access to high-speed internet, up from 16% in 2013. Moreover, the European Commission set a 2030 aim of gigabit connection in all EU households and 5G coverage in all populated areas in 2021.
In addition to these, factors that are believed to fuel the fiber optics testing market growth of fiber optics testing include the rise in the growing adoption of smartphones. People are consuming more data than ever; the videos are also made in very refined quality. Owing to all these factors, the need for high-speed data and smooth transmission of data is also increasing, for that purpose, fiber optics are used, as they are capable of giving high data transmission at a very high speed. On the other hand, fiber optics testing has become imperative to detect the various issues that interfere with the bandwidth and impact the network performance and downtimes. Regular testing is also important for meeting the safety standards and regulatory compliance.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
11.8% |
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Base Year Market Size (2023) |
USD 1.49 Billion |
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Forecast Year Market Size (2036) |
USD 6.34 Billion |
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Regional Scope |
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Application (Telecommunication, Military & Aerospace, Energy & Power, Railway, Oil & Gas, Cable Television)
The global fiber optics testing market is segmented and analyzed for demand and supply by application into telecommunication, military & aerospace, energy & power, railway, oil & gas, cable television, and others. Out of the seven applications of fiber optics testing, the energy & power segment is estimated to gain the largest market share of about ~30% in the year 2036. The growth of the segment can be attributed to the rising demand for energy in the world. In 2050, the non-OECD portion of global energy demand will reach around 70%. Global energy consumption is continuing to move progressively towards emerging economies with greater population and economic growth than the global average. Moreover, developing countries account for more than 100% of the increase in global energy demand. In addition to this, between 2005 and 2030, energy demand is expected to increase by 55%, from around 11 billion tons of oil equivalent to nearly 18 billion. Furthermore, global energy consumption is anticipated to climb by 50% between 2005 and 2030.
Fiber Mode (Single Mode, Multimode)
The global fiber optics testing market is also segmented and analyzed for demand and supply by fiber mode into single mode, and multimode. Amongst these two segments, the multimode segment is expected to garner a significant share of ~60% in the year 2036. The growth of the segment is primarily attributed to the rising demand for high bandwidth. Multi-mode fiber optics are most suitable and provide more support to higher bandwidths than single-mode fiber optics. They are best suited for various applications, including high-performance computing, the transmission of multimedia, and data centers. On the other hand, multi-modal is less expensive than single-modal fiber optics as it can be easily integrated with the existing infrastructure of fiber optics. Therefore, the cost is significantly reduced and is more accessible for organizations with a limited budget.
Our in-depth analysis of the global market includes the following segments:
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By Service Type |
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By Fiber Mode |
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By Offering |
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By Application |
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APAC Market Statistics
Fiber optics testing market share in Asia Pacific, amongst the market in all the other regions, is projected to be the largest with a share of about ~32% by the end of 2036. The growth of the market can be attributed majorly to the rising use of 5G services. Prime Minister Narendra Modi introduced 5G services in India for the first time on October 1, 2022. At the moment, only Bharti Airtel and Reliance Jio provide 5G network services in the country. In addition, Jio launched 5G services in Gwalior, Jabalpur, Ludhiana, and Siliguri, bringing the total number of Jio True 5G cities to 72. On the other hand, the rising viewership on OTT platforms and high video streaming is also expected to boost the market growth in the region. In 2020, there were around 29 million paying Indian users, with nearly 53 million video subscriptions. Moreover, Hotstar, Netflix, Amazon Prime Video, and Youtube are the major contributors.
North American Market Forecast
The North American fiber optics testing market is estimated to be the second largest, registering a share of about ~29% by the end of 2036. The growth of the market can be attributed majorly to the increased investment in broadband infrastructure, followed by rising demand for digital connectivity and high-speed internet. Moreover, many companies are upgrading their existing network to fiber optic infrastructure to keep up with the high demand for faster data transmission and higher bandwidth. Moreover, the government is also taking initiatives to promote digital connectivity and expand access to broadband. On the other hand, a rise in the number of data centers is also expected to boost the market growth. North America is a hub of some of the largest data centers, and fiber optics are helping in faster data transmission.
Europe Market Forecast
Further, the fiber optics testing market in the Europe, amongst the market in all the other regions, is projected to hold a majority of the share by the end of 2036. The growth of the market can be attributed majorly to the rising adoption of fiber optics networks. Many organizations are using fiber optics for their operations, therefore the need for regular testing becomes imperative for proper maintenance and functionality of the operation. In addition to this, the rising widespread of the telecommunication industry is also expected to drive fiber optics testing market growth in the region. With the growing use of IoT-connected devices, mobile phones have increased the demand for fiber optics for better network performance and reliability.
Author Credits: Abhishek Verma
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