Market Overview: Optical Power Meter Market
The most frequent duty in optic calibration is optical power measurement, which also includes measurements of receiver sensitivity, laser power, and output power from optical amplifiers. One form of fibre optics testing apparatus used to gauge the electricity in optical networks is the optical power metre. The calibrated sensor, display, and measuring amplifier make up the optical power meter. It works as a practical tool for the development, manufacture, and maintenance of machinery fitted with laser light sources.
Thermal receivers and photodetectors are the two main categories of optical power metres. Thermal receivers feature a broad range of wavelengths and a flat response. On the other hand, photodetectors have high sensitivity, stronger wavelength dependence, and can measure power levels as low as 1pW. Excellent linearity, homogeneity, full power range, significant reflections, low polarisation dependence, and compatibility with various fibre types are all characteristics of optical power meters.
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Drivers and Restraints
Expanding demand for higher capacity in telecommunication industry has a surge of the request for the highly precise optical power meter, improved connectivity, innovative technology, and growing need for real-time analysis are the primary factor driving the growth of global optical power meter market.
Moreover, device accuracy for proper detection and inspection of flaws, increasing safety along with environmental requirements, and increased automation application are some of the prominent factors fueling the growth of optical power meter market over the forecast period. However, difficult to maintain dynamic range, lack of awareness along with technical knowledge, and the high cost of testers may limit the growth of the optical power meter market during the forecast the period.
Segmentation
Based on product type
- Benchtop Meters
- Portable Meters
- Virtual Meters
Based on detector type
- InGaAs (Indium Gallium Arsenide)
- Germanium
- Silicon
- Others
Based on power range
- High Range
- Medium Range
- Low Range
Based on application
- Installation & Maintenance
- Manufacturing
- Research & Development
- Others
Based on the end user industry
- Telecommunication Industry
- Electrical & Electronics Industry
- Automotive & Industrial Industry
- Military and Aerospace Industry
- Energy & Utilities Industry
- Others
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Overview
Optical power meter market revenue is expected to grow at a rapid growth rate, over the forecast period. The market is anticipated to perform well soon owing to the fact that it helps in overcome the failure rate of the device, reduce the overall maintenance cost, and provide a precise measurement of the electricity loss, and attenuation loss.
Additionally, unique features such as anti-electromagnetic interference, smaller diameter, light weight, resistance to nuclear radiation are the factors that can propel the market revenue growth of optical power meter in the near future.
Based on end user industry, telecommunication industry segment is projected to lead the global optical power meter market over the forecast period attributed to the use of fiber optics systems to transmit telephone signals, Internet communication as well as television signals. Optical power meter has advanced features such as auto-test function, calibrated at multiple wavelengths, alphanumeric LCD display, backlit, and low battery consumption.
Region-wise Outlook
Depending on the geographic region, optical power meter market is classified into seven key regions: North America, Eastern Europe, Latin America, Western Europe, Japan, Asia-Pacific, and the Middle East & Africa. 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.
Key Players
Some of the prominent players in the optical power meter market are Thorlabs, Inc., Kingfisher International Pty Ltd., Viavi Solutions Inc., GAO Tek, Inc., Newport Corporation, EXFO Inc., AFL, Edmund Optics Inc., Fluke Corporation, CableOrganizer.com, Inc., INFOS, Inc., Techwin(China) Industry Co., Ltd., Bioptic Co., Ltd., Kn Communication Limited, Dicon fiberoptics Inc., Changzhou Bell Data Communication Equipment Co., Ltd., others.
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