The optical power meter is a type of fiber optics test equipment used to measure the electricity in optical networks. The optical power meter is consist of calibrated sensor, display, and measuring amplifier. It serves as a convenient tool for manufacture, research & development, and maintenance of equipment incorporated with laser light sources. There are two groups optical power meters namely thermal receivers, and photodetectors. Thermal receivers have a wide wavelength range coupled with flat response. On the other hand, photodetectors can measure power levels as low as 1pW, has stronger wavelength dependence, no self-calibration is required, and high sensitivity. Optical power meter has an excellent linearity, homogeneity, full power range, profound reflections, low polarization dependence, and compatibility with different types of fiber.
Market Analysis and Insights: Global Optical Power Meter Market
Due to the COVID-19 pandemic, the global Optical Power Meter market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Benchtop Meters accounting for % of the Optical Power Meter global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Telecommunication segment is altered to an % CAGR throughout this forecast period.
Asia-Pacific is expected to be the leading markets in the global optical power meter market followed by Europe, and Japan is owing to growing telecommunication industry, digitalization, rising power grid problems, rapid industrialization, and increase in adoption of optical test equipment in these regions. The market in Asia-Pacific is projected to have the fastest growth due to growing demand for research and development activities, and expanding need for high bandwidth communication are some of the factors which are anticipated to rise the increase of optical power meter market throughout the forecast period.
Global Optical Power Meter Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Optical Power Meter Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Benchtop Meters
Portable Meters
Virtual Meters
Segment by Application
Telecommunication
Electrical & Electronics
Automotive & Industrial
Military and Aerospace
Energy & Utilities
Others
By Company
Fluke
Thorlabs
Newport
Kingfisher International
Viavi Solutions
GAO Tek
EXFO
AFL
Edmund Optics
Kn Communication
DiCon Fiberoptics
Techwin(China) Industry
Changzhou Bell Data Communication Equipment
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina