Global FTTx tester demand is anticipated to be valued at US$ 13.9 Billion in 2022, forecasted to grow at a CAGR of 7% to US$ 27.34 Billion from 2022 to 2032. The growing demand for high-speed Internet and increasing broadband subscriptions is surging the adoption of FTTx and significantly creating a huge global demand for the FTTx tester market.
Which are Some Prominent Drivers Spearheading FTTx Tester Market Growth
Fiber to the x (FTTx) is the broadband network architecture used for communication through an optical fiber. Optical fiber cables are capable of carrying much more data when compared to traditionally-used copper wires. Fiber to the premises (FTTP) is the optical distribution network from the central office to the premises.
FTTP is categorized into fiber-to-home (FTTH) and fiber-to-building (FTTB). Fiber to the Cabinet (FTTC) is a fiber-based telecommunication that serves multiple customers. With the growing demand for high-speed broadband and continuous infrastructural developments, the FTTx tester market is expected to have a huge demand during the forecast period.
Gigabit products and 4k TV are fuelling the FTTx tester market. FTTx and FTTx tester are supplier-driven markets. Companies are launching multiple innovative products using FTTx, which, in turn, creates the demand for FTTx testers. Multiple gigabit products were launched in the last few years using fiber. In Singapore, FTTx has been available since 2012. Still, not much commercial push or demand from the customers was witnessed. In 2014, two companies, MyRepublic and MI, launched gigabit broadband. This new launch, in turn, caused two other players, StarHub and SinTel, to respond with equivalent gigabit broadband products.
The market in Singapore is moving towards multi-gigabit products. This continuous development is expected to fuel the global FTTx tester market during the forecast period. Vendors offer various FTTx testers such as optical time domain reflect meters, fiber identifiers, loss testing kits, fault locators, inspection & cleaning, and others. Several developments in fiber technology, regarding FTTx, along with the proliferating growth rate of the market, along with the recent developments and innovations in FTTx tester are expected to drive the global FTTx tester market significantly during the forecast period.
What is the Possible Challenge for the FTTx tester Industry
The challenges associated with the growth of the FTTx tester market are limited availability of supporting infrastructure in developing countries and moderate demand from customer end in these developing regions are expected to restrain the FTTx tester market growth during the forecast period.
Region-wise Insights
Why is North America Emerging as an Opportunistic FTTx tester Market?
North America is expected to hold a maximum market share in the global FTTx tester because of the technological advancements and high adoption of FTTx. Growing demand for higher bandwidth and rising use of optical fiber in mobile backhaul is projected to drive the Fiber to the X Market over the predicted years.
How are Europe and the Asia Pacific Contributing to the Growth of the FTTx Tester Market?
According to Future Market Insights, Europe is expected to follow North America, and Asia Pacific is expected to grow considerably faster during the forecast period due to the continuous developments in infrastructure and technology advancements. The increasing demand for high-speed internet connection, IPTV, over-the-top services, communication services, and others are significantly driving the global FTTx tester market. The increasing adoption of fiber is one of the prominent factors for the growth of the global FTTx tester market.
Market Competition
Currently, the market is considered competitive, with continuous product and technology developments by established as well as new players. Some of the key players in the FTTx tester market are AFL, AD-net Technology Co., LTD., Anritsu, EXFO Inc., Kingfisher International, VeEX Inc., 3 EDGE GmbH, SHANGHAI TARLUZ TELECOM TECH. CO., LTD, and others.
Attributed to the presence of such a high number of participants, the market is highly competitive. FTTx tester market report also contains projections using a suitable set of assumptions and methodologies. Global FTTx tester research report provides analysis and information according to market segments such as geographies, applications, and industries. Globally, the FTTx tester market is expected to be fragmented in nature owing to the presence of a large number of players in the local as well as global markets.
