Newport Corporation (A Subsidiary of MKS Instruments), Keysight Technologies, VIAVI Solutions Inc. are Dominating the Global Optical Power Meter Market in 2020

 

The optical power meter is a device that detects the power of an optical signal in an optical cable. Optical power meters are available for evaluating single-mode and multimode fiber networks at various wavelengths such as 850/1300/1310/ 1490/1550/1625nm. These meters are primarily used in fiber-optic network installation, maintenance, and testing. With technological improvements, the optical power measuring market has become quite competitive. Additional benefits of the new optical power meter on the market include a high-visibility, high-resolution colour screen, a great man-machine interface, wireless capabilities, and green production processes.

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Data Bridge Market Research analyses that the optical power meter market is expected to grow at a CAGR of 5.8% in the forecast period of 2021 to 2028 and is expected to reach USD 138.04 million by 2028. Several factors influence the market's growth rate. The growing demand for more capacity in the telecommunications industry has resulted in an increase in the demand for extremely precise optical power meters and improved connectivity, new technologies, and the growing requirement for real-time analysis. Furthermore, device accuracy for proper fault identification and inspection, increased safety in conjunction with environmental standards, and increased automation application are some of the major drivers driving the optical power meter market over the projection period.  

Optical Power Meter Market

Rising demand from industries to experience uninterrupted services is expected to drive the market's growth rate during the forecast period.

The optical power meter market is estimated to grow in response to increased demand from industries for reliable services. Optical power meters are equipped with cutting-edge connectors, electronics, and wireless technology to support continuous fiber network expansion while ensuring OPM speed and reliability. Due to the necessity for optical power meters, service providers must expand their fiber network to households, companies, and data centers while preserving quality of experience and lowering operational costs. According to NTT-Advanced Technologies, connector end-face contamination is the major cause of network failure for 98% of cable installations. These issues can be avoided by incorporating fiber cleaning and inspection capabilities into optical power measurement equipment. For instance, EXFO Inc. agreed to deliver optical test heads and test access switching from its cloud-based Nova Fiber remote fiber test system in 2021. Additionally, modern optical power meters have been changed to increase battery life and Bluetooth connection for industrial devices, which is expected to drive market expansion throughout the forecast period.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2021 to 2028

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Type (Thermal Detectors and Photodetectors), Instrument/Product Type (Benchtop Meters, Portable Meters, Virtual Meters, Optical Wavelength, Hand-Held Meter and Others), Detector Type (INGAAS (Indium Gallium Arsenide), Germanium, Silicon and Others), Power Range (High Range, Medium Range and Low Range), Wavelength (850nm to 1650nm and 400nm to 1100nm), Light Source (Laser, LED and LCD), Application (Installation & Maintenance, Testing, Manufacturing, Research & Development and Others), End User (Telecommunication Industry, Electrical & Electronics Industry, Automotive & Industrial Industry, Military and Aerospace Industry, Energy & Utilities Industry and Others)

Countries Covered

U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Switzerland, Netherlands, Russia, Turkey, Belgium, Rest of Europe, Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, South Africa, Israel, U.A.E., Saudi Arabia, Egypt, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America

Market Players Covered

Thorlabs, Inc. (U.S.), Kingfisher International (Australia), GAO Tek & GAO Group Inc. (Canada), VIAVI Solutions Inc. (U.S.), Fluke Corporation. (U.S.), EXFO Inc. (Canada), OptoTest Corporation (U.S.), AFL (Australia), Newport Corporation (U.S.),Stanlay (India), Keysight Technologies (U.S.), Anritsu (Japan), Gothenburg (Sweden), JOINWIT (China), Artifex Engineering GmbH & Co KG. (Germany), M2 Optics Inc. (U.S.),HIOKI E.E. CORPORATION (Japan), Edmund Optics Inc. (U.S.),intec Gesellschaft für Informationstechnik mbH (Germany), Yokogawa Test & Measurement Corporation (Japan)

Data Pointers Covered in Report

In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Segment Analysis:

The optical power meter market is segmented on the basis of type, instrument\product type, detector type, power range, wavelength, light source, application and end user.

  • On the basis of type, the optical power meter market is segmented into thermal detectors and photodetectors. In 2021, the photodetectors segment is expected to dominate the global optical power meter market with 59.83% market share owing to high sensitivity, ease of use, stronger wavelength dependence, and can measure power levels as low as 90 dBm.

In 2021, the photodetectors segment of type segment is anticipated to dominate the optical power meter market

In 2021, the photodetectors segment of this market will dominate the optical power meter market owing to factors such as high sensitivity, ease of use, stronger wavelength dependence and can measure power levels as low as 90 dBm. The photodetectors segment is expected reach the highest CAGR of 6.1% in the forecast period of 2021-2028.

  • On the basis of instrument/product type, the optical power meter market has been segmented into benchtop meters, portable meters, virtual meters, optical wavelength, hand-held meter and others. In 2021, hand-held meters is expected to dominate the Optical Power Meter market with 39.08% market share due to rising demand for light-weight and easy to operate optical power meters.
  • On the basis of detector type, the optical power meter market has been segmented into INGAAS (indium gallium arsenide), germanium, silicon and others. In 2021, germanium category is expected to dominate the Optical Power Meter market with 55.07% market share as they offer wider wavelength range and are inexpensive.
  • On the basis of power range, the optical power meter market has been segmented into high range, medium range and low range. In 2021, medium range is expected to dominate the Optical Power Meter market with 73.01% market share as majority of the optical powers used have that particular power.

In 2021, the medium range segment is projected to hold the largest share of power range segment in the optical power meter market

In 2021, the medium range segment is anticipated to hold the largest share of the global optical power meter market as most of the optical powers used have that particular power. The medium range segment is growing with a CAGR of 5.9% in the forecast period of 2021 to 2028

  • On the basis of wavelength, the optical power meter market has been segmented into 850NM TO 1650NM and 400NM TO 1100NM. In 2021, 850NM to 1650NM is expected to dominate the Optical Power Meter market with 56.66% market share as majority of fibre optics operations are performed in wavelengths including 850nm, 1300nm and 1550nm.
  • On the basis of light source, the optical power meter market has been segmented into LASER, LED and LCD. In 2021, laser segment is expected to dominate the Optical Power Meter market with 45.91% market share due to factors including high bandwidth capability, narrow spectral support and carry single wavelength which resulted in maximum transmission of signals in any set time.
  • On the basis of application, the optical power meter market has been segmented into installation & maintenance, testing, manufacturing, research & development and others. In 2021, testing segment is expected to dominate the Optical Power Meter market with 59.50% market share due to the usage of fibre optical power meter which tests the end-to-end performance of fibre optic system.
  • On the basis of end user, the optical power meter market has been segmented into telecommunication industry, electrical & electronics industry, automotive & industrial industry, military and aerospace industry, energy & utilities industry and others. In 2021, telecommunication industry segment is expected to dominate the global Optical Power Meter market with 42.68% market share as all the network related operations are performed in the telecom industry.

Major Players

Data Bridge Market Research recognizes the following companies as the major optical power meter market players in optical power meter market are Thorlabs, Inc. (U.S.), Kingfisher International (Australia), GAO Tek & GAO Group Inc. (Canada), VIAVI Solutions Inc. (U.S.), Fluke Corporation. (U.S.), EXFO Inc. (Canada), OptoTest Corporation (U.S.), AFL (Australia).

Optical Power Meter Market

Market Development

  • In September 2020, EXFO Inc. had announced the acquisition of InOpticals Inc. For the laboratory and production markets, it provides ultra-high-speed test tools. The company's optical test offerings will be merged with InOpticals' solutions as part of this transaction. The company will be able to expand its product portfolio, use InOpticals' unique test solutions, and flourish in the market due to this.
  • In March 2020, Kingfisher International had announced the launch of handheld 10G / XG Pon power meter with two ports and measurements at 1270/1310 nm upstream and 1490/1577 nm downstream. This in-line meter includes SC/APC connectors and offers pass/fail, results storage, and PC software. The device has outstanding power stability repeatability, and the calibrations are ISO9001 compliant. Common applications are live acceptance testing and fault isolation during subsequent maintenance, particularly after an ONT has failed.

Regional Analysis

Geographically, the countries covered in the optical power meter market report are U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Switzerland, Netherlands, Russia, Turkey, Belgium, Rest of Europe, Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, South Africa, Israel, U.A.E., Saudi Arabia, Egypt, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America.

As per Data Bridge Market Research analysis:

Asia-Pacific is the dominant region in optical power meter market during the forecast period 2021 - 2028

Asia-Pacific will continue to dominate the optical power meter market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period due to the expansion of the telecommunication industry in this region. China dominates the Asia Pacific region due to the growing digitalization and rising power grid problems.

North America is estimated to be the fastest-growing region in optical power meter market the forecast period 2021 - 2028

North America region is anticipated to grow at the highest rate during the forecast period of 2021-2028 due to the region's rising technological advancement and well-established technology infrastructure. The United States dominates the North American region due to presence of most technologically advanced leaders in the market for providing cutting edge technology in the region.

COVID-19 Impact Analysis

Over the last 18 months, almost every industry on the planet has suffered a setback. This can be ascribed to severe disruptions in their respective manufacturing and supply-chain operations, resulting from multiple precautionary lockdowns and other limitations imposed by governments all over the world. The optical power meter market is no exception. A global lack of raw supplies, halts, and supply chain disruption affected manufacturing. Government limitations, such as working with half the workforce and fewer operational hours, have hampered the market's production cycle since the outbreak. The termination of active market-related projects lowered demand from end-user industries such as automotive and industrial, mining, electrical and electronics, telecommunications, and others. Furthermore, consumer preferences has decreased as people are now much more concentrated on removing non-essential expenses from their budgets as the wider economic situation of most people has been adversely impacted by this outbreak. Over the forecast period, the aforementioned factors are likely to have a negative impact on the optical power meter markets revenue trajectory.

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