Fiber Optics Testing Market Size

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.