Fiber Optics Testing Market Share

APAC Market Statistics

Asia Pacific industry is estimated to dominate majority revenue share of 32% by 2037. 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 2037. 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 2037. 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.