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Selbyville, Delaware, Sept. 10, 2020 (GLOBE NEWSWIRE) — According to reliable estimates, worldwide fiber optics testing market generated revenues worth USD 272 million in the year 2019 and is expected to showcase a y-o-y growth rate of 8.9% between 2020 and 2027. The growth is primarily attributed to rising adoption of fiber optics in telecommunication industry in order to acquire better speed in data transfer applications.The document also examines various segmentations of the market which are based on service type, offering type, fiber mode, application spectrum, and regional scope while elaborating on their respective impact on the business vertical. Additionally, the study conducts Porter’s Five Forces analysis of the companies formulating the competitive landscape, which further allows for effective decision-making during investment assessment. For those uninitiated, fiber optics testing is used for analyzing the performance of several fiber optic components such as receivers, splices, detectors, connectors, Laser or LED sources, and fibers. The specification and performance of such components are tested in order to determine their working capacities.Fiber optics testing comprise of verification testers, OTDR (optical time-domain reflectometers) testers and certification testers. These testers are widely adopted in various industry vertical such as telecommunication, defense & military as well as oil & gas in order to troubleshoot any prevalent errors, thereby facilitating the business scenario.Request Sample copy of this Report @ from this, rising penetration of fixed broadband subscriptions, growing LTE networks, and sprouting number of data centers are further fueling the market expansion. For instance, Google announced its plans to invest USD 13 billion in data centers across U.S. in the year 2019, which is an increase from its initial investment of USD 9 billion in 2018. The company reportedly plans to develop new data centers in Oklahoma, Texas, Ohio, Nevada, Nebraska, and other cities as well as expand its data center capabilities in New Yok, Chicago, and Seattle.Growing demand for FTTX solutions and escalating investments towards developing 5G infrastructure have increased the adoption of fiber optics testing solutions across the globe, which in turn is augmenting the industry remuneration. In fact, the UK government is reportedly planning to invest over USD 52.28 million in 5G testing as well as in relevant trial projects across the country in the coming years. However, high installation and training cost may act as a restraining factor to the overall market growth.Regional overviewGlobal fiber optics testing market is segmented into North America, Asia-Pacific, Europe, Latin America, and rest of the world. According to estimates, North America currently accounts for significant market share and is expected to register consistent growth during the study period. Availability of advanced telecommunications infrastructure along with rising adoption of high speed data transfer solutions are augmenting the regional demand for fiber optics testing methods.On the other hand, Asia-Pacific fiber optics testing market is slated to record highest CAGR through 2026, primarily due to escalating investments towards 5G infrastructure development.Competitive scenarioThe competitive landscape of global fiber optics testing market is defined by companies such as Fluke Corp., L3Harris Technologies, Fujikura Ltd., EXFO, Eurofins Scientific, Viavi Solutions Inc., The TÜV Rheinland Group, Intertek Group plc, Element Materials Technology Ltd., and UL LCC among others.To access a sample copy or view this report in detail along with the table of contents, please click the link below: Fiber Optics Testing Market by Service Type (Revenue, USD Million, 2017-2027)CertificationInspectionTestingGlobal Fiber Optics Testing Market by Offering Type (Revenue, USD Million, 2017-2027)OutsourcedIn-HouseGlobal Fiber Optics Testing Market by Fiber Mode (Revenue, USD Million, 2017-2027)MultimodeSingle ModeGlobal Fiber Optics Testing Market by Application Scope (Revenue, USD Million, 2017-2027)MedicalRailwayEnergy & PowerOil & GasManufacturingMilitary & AerospaceCable TelevisionPrivate EnterpriseTelecommunicationOthersGlobal Fiber Optics Testing Market Regional Analysis (Revenue, USD Million, 2017-2027)North AmericaCanadaU.S.EuropeItalySpainFranceGermanyU.K.Rest of EuropeAsia-PacificSouth KoreaJapanAustraliaIndiaChinaRest of Asia-PacificLatin AmericaMexicoBrazilRest of the WorldGlobal Fiber Optics Testing Market Competitive Scenario (Revenue, USD Million, 2017-2027)Fluke CorporationL3Harris TechnologiesFujikura Ltd.EXFOEurofins ScientificViavi Solutions Inc.The TÜV Rheinland GroupIntertek Group plcElement Materials Technology Ltd.UL LLCTable of Content:Chapter 1. Executive Summary1.1.         Market Snapshot1.2.         Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Million)1.2.1.     Fiber Optics Testing Market, by Region, 2018-2027 (USD Million)1.2.2.     Fiber Optics Testing Market, by Service Type, 2018-2027 (USD Million)1.2.3.     Fiber Optics Testing Market, by Offering Type, 2018-2027 (USD Million)1.2.4.     Fiber Optics Testing Market, by Fiber Mode, 2018-2027 (USD Million)1.2.5.     Fiber Optics Testing Market, by Application, 2018-2027 (USD Million)1.3.         Key Trends1.4.         Estimation Methodology1.5.         Research AssumptionChapter 2. Global Fiber Optics Testing Market Definition and Scope2.1.         Objective of the Study2.2.         Market Definition & Scope2.3.         Years Considered for the Study2.4.         Currency Conversion RatesChapter 3. Global Fiber Optics Testing Market Dynamics              3.1.         Fiber Optics Testing Market Impact Analysis (2018-2027)3.1.1.     Market Drivers3.1.2.     Market Challenges3.1.3.     Market OpportunitiesChapter 4. Global Fiber Optics Testing Market Industry Analysis4.1.         Porter’s 5 Force Model4.2.         PEST Analysis4.3.         Investment Adoption Model4.4.         Analyst Recommendation & ConclusionChapter 5. Global Fiber Optics Testing Market, by Service Type5.1.         Market Snapshot5.2.         Global Fiber Optics Testing Market by Service Type, Performance – Potential Analysis5.3.         Global Fiber Optics Testing Market Estimates & Forecasts by Service Type 2017-2027 (USD Million)5.4.         Fiber Optics Testing Market, Sub Segment Analysis5.4.1.     Testing5.4.2.     Inspection5.4.3.     CertificationChapter 6. Global Fiber Optics Testing Market, by Offering Type         6.1.         Market Snapshot6.2.         Global Fiber Optics Testing Market by Offering Type, Performance – Potential Analysis6.3.         Global Fiber Optics Testing Market Estimates & Forecasts by Offering Type 2017-2027 (USD Million)6.4.         Fiber Optics Testing Market, Sub Segment Analysis6.4.1.     In-House6.4.2.     OutsourcedChapter 7. Global Fiber Optics Testing Market, by Fiber Mode7.1.         Market Snapshot7.2.         Global Fiber Optics Testing Market by Fiber Mode Performance – Potential Analysis7.3.         Global Fiber Optics Testing Market Estimates & Forecasts by Fiber Mode 2017-2027 (USD Million)7.4.         Fiber Optics Testing Market, Sub Segment Analysis7.4.1.     Single Mode7.4.2.     MultimodeChapter 8. Global Fiber Optics Testing Market, by Application8.1.         Market Snapshot8.2.         Global Fiber Optics Testing Market by Application, Performance – Potential Analysis8.3.         Global Fiber Optics Testing Market Estimates & Forecasts by Application 2017-2027 (USD Million)8.4.         Fiber Optics Testing Market, Sub Segment AnalysisChapter 9. Global Fiber Optics Testing Market, Regional AnalysisRelated Report:Fiber Optics Market Size & Forecast, 2017 – 2026Global Fiber Optics Market is anticipated to reach USD 7 billion by 2026, as per new research report. The market for Fiber Optics is propelled by factors including, increasing penetration of internet, rising government funds for the development of broadband infrastructure, and intense research investments by the companies for development of innovative and new technology in the fiber optic to enable cost-savings. Increased industrialization, increasing adoption of smart devices resulting in high demand for internet, and blooming telecommunication industry are the major factor for propelling market growth in Middle East & Africa.About US:Market Study Report, LLC. is a hub for market intelligence products and services.We streamline the purchase of your market research reports and services through a single integrated platform by bringing all the major publishers and their services at one place.Our customers partner with Market Study Report, LLC. to ease their search and evaluation of market intelligence products and services and in turn focus on their company’s core activities.If you are looking for research reports on global or regional markets, competitive information, emerging markets and trends or just looking to stay on top of the curve then Market Study Report, LLC. is the platform that can help you in achieving any of these objectives.Contact Us:
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