Fiber Optics Testing Market

Market Leader - Fiber Optics Testing Market

The global fiber optics testing market is expected to grow from USD 283 million in 2020 to USD 433 million by 2025, at a CAGR of 8.8% during the forecast period. The fiber optics testing market is growing owing to the increased investments in infrastructure development and surging demand for FTTX. However, most of these industries remained shut during the COVID-19 outbreak. The lesser demand of these applications in the market will impact the fiber optics testing market for the years 2020 and 2021 with its bouncing back in 2022.

In 2019, the fiber optics testing market was mainly dominated by UL LLC (US), Element Materials Technology (UK), Intertek (UK), NTS (US), TÜV Rheinland (Germany), VIAVI Solutions (US), Eurofins Scientific (Luxembourg), EXFO (Canada), Fujikura (Japan), L3Harris (US), and Fluke Corporation (US). These players have adopted various growth strategies, such as product launches, acquisitions, and expansions, to expand their presence in the global fiber optics testing market further. Acquisitions. expansions and new product launches and developments have been the most dominating strategies adopted by major players from January 2017 to May 2020, which helped them to innovate on their product offerings, cope up with the COVID-19 outbreak and broaden their customer base.

To know about the assumptions considered for the study download the pdf brochure

Top 2 players in the Fiber optics testing Market are:

UL LLC (US)

UL LLC is the dominant player regarding the fiber optics testing market in the US and globally. UL LLC certifies, validates, inspects, tests, audits, advises, and trains clients from various industries, such as automotive, food & beverage, life safety and security, lighting, and personal care and beauty. It has five distinct business units, namely, Product Safety, Environment, Life & Health, Verification, and Knowledge Services. It operates in more than 143 countries

The company has published more than 1,500 standards for safety and sustainability and has conducted over 97,000 product evaluations. The company operates in 46 countries of major regions such as Europe, the Middle East, Africa, Latin America, Asia Pacific (APAC), and North America.

  • In March 2019, UL signed a memorandum of understanding (MOU) with the leading Saudi Arabia-based telecommunications company called Saudi Telecom Company (STC). The MOU is to establish a center of excellence (CoE) to test various products across the FTTH ecosystem.
  • In February 2019, UL and the Telecommunications Industry Association (TIA), the leading association representing the manufacturers and suppliers of high-tech communications networks, announced a new agreement to work together through TIA’s Smart Buildings Program, to accelerate the development of a common framework for smart buildings.

Element Materials Technology (UK)

Element Materials Technology is among the frontrunners regarding fiber optics testing globally. The company offers a comprehensive range of testing, inspection, and certification services to the aerospace, transportation, fire, connected technologies, and energy sectors. Formerly known as Stork Materials Technology, it changed its name in November 2011 following a Management Buy-Out backed by the 3i Group PLC in December 2010.

The company’s fiber-optic test programs include major industry standards, such as GR-771, GR-950, GR-3125, and GR-326. It operates 188 facilities that are located in the Americas, Europe, the Middle East, Africa, Asia, and Australia for testing, inspection, certification, and calibration needs.

  • In April 2020, Element Materials Technology (Element) extended its support to the national drive to increase ventilator production in response to the NHS’ urgent demand to treat coronavirus patients in the UK.
  • In January 2020, Element Materials Technology acquired an industry-leading connected technologies business, PCTEST Engineering Laboratory (PCTEST), which will strengthen Element’s position in the testing and certification services segment in the connected technologies market.
  • In December 2019, Element Materials Technology acquired the product testing company EMV Testhaus (Germany) to strengthen its position in the German automotive and medical markets.
  • In September 2019, Element Materials Technology has announced that its new aerospace materials testing laboratory in Shanghai, China, is now open for business. The Shanghai aerospace laboratory specializes in a comprehensive range of services, including chemical analysis, fatigue testing, failure investigation, mechanical testing, metallurgical analysis, and on-site testing at client sites.
  • In May 2018, Element Materials Technology opened a new laboratory in Duqm, Oman, to offer expert testing services for customers in the region.

Related Reports:

Fiber Optics Testing Market with COVID-19 impact, by Service Type (Testing, Inspection, Certification), Offering Type (In-House, Outsourced), Fiber Mode (Single Mode, Multimode), Application, Region - Global Forecast to 2025

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Report Code
SE 3713
RI Published ON
7/28/2020
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Fiber Optics Testing Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2020 MarketsandMarkets Research Private Ltd. All rights reserved