An optical power meter is a device that measures electricity and power in an optical signal. It is used to test the average amount of power in fiber optic networks and systems. It consists of a combination and integration of a calibrated sensor, display, and measuring amplifier and display, which measures and monitors a range of wavelengths and power levels. It also helps to determine the power loss incurred by the optical signal while passing through the optical media. Therefore, the Asia-Pacific optical power meter market is estimated to increase rapidly in the near future.
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Data Bridge Market Research analyzes that the Asia-Pacific Optical Power Meter Market is expected to reach USD 87,483.66 thousand by 2030 from USD 51,933.30 thousand in 2022, growing with a substantial CAGR of 6.9% in the forecast period of 2023 to 2030.
Key Findings of the Study
Rise in Requisite of Transmission Quality Evaluation
The transmission network is an important factor in the communication network to provide better consumer services. For the evaluation and monitoring of the quality of the transmission network, there is no general standard. One of the main aims on which the telecommunication industry has a major focus is to transmit signals through the cables with the least disruption, maximum capacity, least noise, low energy consumption, and optimal transmission quality.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Thousand
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Segments Covered
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Type (Thermal Detectors and Photo Detectors), Instrument/Product Type (Benchtop Meter, Portable Meter, Virtual Meter, Optical Wavelength, Hand-Held Meter, and Others), Detector Type (InGaAs (Indium Gallium Arsenide), Germanium, Silicon, and Others), Power Range (High, Medium, and Low), Wavelength (850 NM to 1650 NM and 400 NM to 1100 NM), Light Source (LASER and LED), Application (Installation & Maintenance, Testing, Manufacturing, Research & Development, and Others), End-User (Telecommunication Industry, Electrical and Electronics Industry, Automotive Industry, Military & Aerospace Industry, Energy & Utilities Industry, and Others)
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Countries Covered
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Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, New Zealand, Taiwan, Vietnam, and Rest of Asia-Pacific
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Market Players Covered
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Thorlabs Inc. (U.S.), Kingfisher International (Australia), GAO Tek & GAO Group Inc. (U.S.), VIAVI Solutions Inc. (U.S.), Fluke Corporation (U.S.), EXFO Inc. (Canada), AFL (U.S.), Newport Corporation (A Subsidiary of MKS Instruments) (U.S.), Stanlay (India), Keysight Technologies (U.S.), Anritsu (Japan), JOINWIT (China), Artifex Engineering GmbH & Co KG. (Germany), HIOKI E.E. CORPORATION (Japan), Edmund Optics Inc. (U.S.), BIOPTIC CO.,LTD (South Korea), ComSonics (U.S.), ADC CORPORATION (Japan), Deviser Instruments (U.S.), Incorporated, PDR World (India), Jonard Tools (U.S.), OZ Optics Ltd. (Canada), APEX Technologies (France), Ophir Optronics Solutions Ltd (Israel), Santec Corporation (Japan), and Yokogawa Test & Measurement Corporation (Japan), among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The Asia-Pacific optical power meter market is segmented into eight notable segments based on type, instrument\product type, detector type, power range, wavelength, light source, application, and end-user.
- On the basis of type, the market is segmented into thermal detectors and photo detectors
In 2023, the photo detectors segment is expected to dominate the Asia-Pacific optical power meter market
In 2023, the photodetectors segment is expected to dominate the market with a 60.30% market share due to factors such as high sensitivity, ease of use, stronger wavelength dependence, and its ability to measure power levels as low as 90 dBm
- On the basis of instrument/product type, the market is segmented into hand-held meter, portable meter, virtual meter, optical wavelength, benchtop meter, and others
In 2023, the hand-held meters segment is expected to dominate the Asia-Pacific optical power meter market
In 2023, the hand-held meters segment is expected to dominate the market with a 39.52% market share as it is considered one of the most popular meters
- On the basis of detector type, the market is segmented into InGaAs (indium gallium arsenide), germanium, silicon, and others. In 2023, the germanium segment is expected to dominate the market with a 55.77% market share
- On the basis of power range, the market is segmented into high, medium, and low. In 2023, the medium range segment is expected to dominate the market with a 73.36% market share
- On the basis of wavelength, the market is segmented into 850 NM to 1650 NM and 400 NM to 1100 NM. In 2023, 850 NM to 1650 NM segment is expected to dominate the market with a 56.89% market share
- On the basis of light source, the market is segmented into LASER and LED. In 2023, the LASER segment is expected to dominate the market with 63.47% market share
- On the basis of application, the market is segmented into testing, installation and maintenance, research & development, manufacturing, and others. In 2023, the testing segment is expected to dominate the market with a 59.90% market share
- On the basis of end user, the market is segmented into telecommunication industry, electrical and electronics industry, automotive industry, military and aerospace industry, energy and utilities industry, and others. In 2023, the telecommunication industry segment is expected to dominate the market with a 43.14% market share
Major Players
Data Bridge Market Research analyzes HIOKI E.E. CORPORATION (Japan), Yokogawa Test & Measurement Corporation (A Subsidiary of Yokogawa Electric Corporation) (Japan), Keysight Technologies (U.S.), JOINWIT (China), and Anritsu (Japan) as the major market players in the Asia-Pacific optical power meter market.
Market Developments
- In March 2023, Yokogawa received the certification from Science Based Targets (SBT) for its greenhouse gas emission reduction targets. The Paris Agreement's aim of "keeping the increase in the global average temperature to well below 2°C above pre-industrial levels and pursuing efforts to limit the temperature increase to 1.5°C above pre-industrial levels" is supported by the SBT Initiative as being science-based targets. This encouraged businesses to set science-based greenhouse gas emission objectives
- In February 2023, HIOKI E.E. CORPORATION intended to launch the laboratory in early April 2023. The lab's staff will collaborate with clients and business partners to develop novel essential technologies and goods for using electrical measurement technology to address social challenges. This helped the company to develop and launch new and innovative products according to customer requirements
- In January 2023, ADC released the 7482, a high-resolution 812-digit digital multimeter with the ability to measure AC. The 7481/7482 is an 812-digit digital multimeter featuring resistance, DC voltage, and DC measurement capabilities and a high resolution of 0.01 ppm. With the self-calibration capability, high-accuracy measurements may be taken at any time, and external calibration can be carried out using fewer standards. Such innovation caters to a new market and customers
- In September 2021, France-based APEX Technologies introduced three new items at ECOC 2021. The company develops and produces high-performance test equipment for fiber optic telecommunications research. They include a polarimeter, an enhanced spontaneous emission source, and an external cavity tunable laser source
- In April 2021, Newport Corporation launched 1938-R and 2938-R Benchtop Optical Power Meters, which were the next generation of the popular 1936-R and 2936-R instruments. The single-channel 1938-R and dual-channel 2938-R are the perfect instruments for advanced high-speed, modulated light measurements because they combine the advanced features of their predecessors with a modern CPU, touch screen, Android OS, and high-bandwidth electrical design. This product launch helped the company to cater to a new and wide market
Regional Analysis
Geographically, the countries covered in the Asia-Pacific optical power meter market report are Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, New Zealand, Taiwan, Vietnam, and Rest of Asia-Pacific.
As per Data Bridge Market Research analysis:
China is expected to dominate and is estimated to be the fastest-growing country the Asia-Pacific optical power meter market
China is expected to dominate the market as it has the highest number of industries that adopt measure absolute optical power or relative loss of optical power through a section of optical fiber for their manufacturing/production processes, which subsequently increases the need for optical power meters. China is expected to grow during the forecast period due to the presence of major market players and the rapid development of industry facilities in emerging economies in this region.
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