Optical Time Domain Reflectometer (OTDR) Market to grow by USD 76.43 million from 2022 to 2027, Growth Driven by Increasing Demand for Tier-2 Certification Standard- Technavio
NEW YORK, Sept. 8, 2023 /PRNewswire/ -- The optical time domain reflectometer (OTDR) market by End-user (Telecommunication, Cable TV, Private enterprise network, Military, and Aerospace), Type (Full-feature OTDR, Hand-held OTDR, and Fiber break locator), and Geography (North America, Europe, APAC, South America, and Middle East and Africa) - Forecast and Analysis 2023-2027" report has been added to Technavio offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the optical time domain reflectometer (OTDR) market from 2022 to 2027 is USD 76.43 million. Increasing demand for tier-2 certification standards is a key factor driving market growth. For networks of communication within organizations, optical fibers are becoming a core network. Several companies choose to switch from copper cabling to fiber cables for a variety of reasons including the fact that there is lower attenuation, higher return on investment, and support for large bandwidth applications. The installation must be tested and certified to ensure the reliability and worth of the network when it has been set up with a fiber optic cable. The Tier-2 testing is performed by the OTDR, which measures the total optical loss due to reflections in the link, such as reflections from the fiber itself (Rayleigh backscatter) and link components, such as the head and splice (Fresnel reflector) to calculate the overall link loss. Hence, these factors are expected to drive market growth during the forecast period. Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more. Buy the full report here
The growing market for rental test equipment is a significant challenge restricting market growth. A substantial capital investment is required in a high-performance OTDR. The high average selling price (ASP) of high-end, application-specific OTDRs has driven demand for used and rental OTDRs for testing purposes. OTDRs, mainly used in fiber optic network deployments, have significant initial purchase costs. Therefore, to get a better total cost of ownership (TCO), companies are turning to the OTDR rental market, where they have access to these devices for a specific period will help them reduce costs. In addition, several companies in the market have cooperated with various companies to rent or lease measuring and testing equipment. Hence, these factors are expected to restrict market growth during the forecast period.
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The optical time domain reflectometer (OTDR) market has been segmented by End-user (Telecommunication, Cable TV, Private enterprise network, Military, and Aerospace), Type (Full-feature OTDR, Hand-held OTDR, and Fiber break locator), and Geography (North America, Europe, APAC, South America, and Middle East and Africa).
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Key Companies in the Optical Time Domain Reflectometer (OTDR) market:
Aishwarya Technologies and Telecom Ltd., Anritsu Corp., Briticom, Circuit Globe, Connectix Ltd., Corning Inc., EXFO Inc., Fibertronics Inc., Fluke Corp., Fortive Corp., Fujikura Co. Ltd., GAO Tek Inc., INNO Instrument Inc., Multicom Inc., ShinewayTech, Teledyne Technologies Inc., Texas Instruments Inc., VeEX Inc., Viavi Solutions Inc., and Yokogawa Electric Corp.
The Optoelectronics Market size is estimated to grow at a CAGR of 9.27% between 2022 and 2027. The market size is forecast to increase by USD 30.64 billion. This optoelectronics market report extensively covers market segmentation by component (LED, /image sensors, laser diode, optocouplers, and others), end-user (consumer electronics, automotive, information technology and communication, aerospace and defense, and others), and geography (APAC, North America, Europe, South America, and the Middle East and Africa). One of the key factors driving the optoelectronics market growth is the expanding automotive industry.
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Historic Market Sizes
Five Forces Analysis
Market Segmentation by End-User
Market Segmentation by Type
Market Segmentation by Geography
Drivers, Challenges, & Trends
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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