PUBLISHER: Frost & Sullivan | PRODUCT CODE: 1096461
PUBLISHER: Frost & Sullivan | PRODUCT CODE: 1096461
Competitive Intensity Driven by 5G and Upcoming 6G Technologies that Demand Higher Bandwidth Testing
Frost & Sullivan estimates the global fiber optic test equipment (FOTE) market will experience a 5.0% compound annual growth rate (CAGR) from 2021 to 2028.
The objective of this study is to identify the most prevalent trends impacting the FOTE market in the base year 2021 and to identify which factors will drive and restrain market growth during the forecast period of 2022 to 2028. In particular, discussion covers the product areas that will bolster growth during this time frame. To complete this analysis, Frost & Sullivan spoke with senior management at FOTE manufacturers and conducted secondary research.
The research also includes market growth forecasts by region and by segment as well as an in-depth analysis of the competitive landscape including vendors' market share.
With new technologies introduced, test equipment is getting more innovative and priced higher than basic instruments. Vendors that are able to offer a variety of benchtop and portable instruments will be able to balance their portfolios and address end-user applications and customer needs accordingly.
This study offers a holistic picture of the top opportunities and challenges the FOTE test equipment vendors face globally.