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Data Bridge Market Research has unveiled a new report called “Optical Power Meter Market“ which provides an in-depth exploration of growth strategies, drivers, opportunities, key segments, Porter’s Five Forces analysis, and the competitive landscape. The Optical Power Meter marketing report offers an in-depth investigation of the market driving factors, opportunities, restraints, and challenges for obtaining crucial insight of the market. Such a brilliant report has been prepared by a team of enthusiastic analysts, skilled researchers, and experienced forecasters who work meticulously for the same. The wide-ranging market research report presents intelligent solutions to versatile business challenges and instigates an effortless decision-making process.
Global optical power meter market is expected to gain market growth in the forecast period of 2023 to 2030. Data Bridge Market Research analyses that the market is growing with a CAGR of 6.5%. Growing demand for research and development activities is acting as the major factor for the growth of the market.
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Global Optical Power Meter Market Drivers
- Increasing Demand For Optical Power Meter
An optical power meter is a device that measures electricity and power in an optical signal. Optical power meters were used to test the average amount of power in fiber optic networks and systems. A power meter is a combination and integration of a calibrated sensor, display and measuring amplifier, which measures and monitors the range of wavelengths and power levels. An optical power meter also helps to determine the power loss incurred by the optical signal while passing through the optical media.
The global optical power meter market is expected to witness significant growth in the coming years due to the increasing demand for optical power meters. Optical power meters are widely used in the telecommunication industry, as they provide accurate measurements of the optical power of a fiber-optic cable or system.
- Rise In Requisite Of Transmission Quality Evaluation
The transmission network is an important factor in the communication network to provide better consumer services. For the evaluation and monitoring of the quality of the transmission network, there is no general standard. One of the main aims on which the telecommunication industry has a major focus is to transmit signals through the cables with the least disruption, maximum capacity, least noise, low energy consumption, and optimal transmission quality.
Nowadays, different traffic-consumptive services such as ultra HD videos, 3D Televisions, online commerce, cloud computing and others increase the demand of internet consumers for IP traffic.
Noteworthy Players Operating at Regional and Global Levels:
- Keysight Technologies
- Anritsu
- Newport Corporation (A Subsidiary of MKS Instruments)
- Yokogawa Test & Measurement Corporation
- HIOKI E.E. CORPORATION
- AFL
- EXFO Inc.
- Fluke Corporation
- APEX Technologies
- PDR World
- Thorlabs, Inc.
- VIAVI Solutions Inc.
- JOINWIT
- ComSonics
- BIOPTIC CO., LTD
- OZ Optics Ltd
- Santec Corporation
- Jonard Tools.
- ADC CORPORATION
- Ophir Optronics Solutions Ltd
Recent Developments:
- In September 2020, EXFO Inc. acquired InOpticals Inc., which offers ultra-high-speed test instruments for the laboratory and manufacturing markets. Under this acquisition, the company’s optical test offerings will be combined with InOpticals’ solutions. Through this, the company will be able to enhance its product portfolio, leverage InOpticals’ innovative test solutions and grow in the market.
- In May 2020, Kingfisher International expanded its capability to calibrate fiber optic power meters in the visible and UV-A spectrum. Through this, the company accurately calibrated semiconductor optical power meters from 350 to 1650 nm at 5 nm intervals. This has helped the company to better meet customer’s need.
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Market Segmentation of Optical Power Meter Market:
TYPE
- Thermal Detectors
- Photo Detectors
INSTRUMENT/PRODUCT TYPE
- Benchtop Meter
- Portable Meter
- Virtual Meters
- Optical Wavelength
- Hand-Held Meter
- Others
DETECTOR TYPE
- Ingaas (Indium Gallium Arsenide)
- Germanium
- Silicon
- Others
POWER RANGE
- High
- Medium
- Low
WAVELENGTH
- 850nm To 1650nm
- 400nm To 1100nm
LIGHT SOURCE
- Laser
- Led
APPLICATION
- Installation & Maintenance
- Testing
- Manufacturing
- Research & Development
- Others
END-USER
- Telecommunication Industry
- Electrical & Electronics Industry
- Automotive Industry
- Military & Aerospace Industry
- Energy & Utilities Industry
- Others
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