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Fiber Optics Testing Market Share

Report ID: GMI9008
Published Date: Apr 2024
Report Format: PDF

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Fiber Optics Testing Market Share

Major players operating in the fiber optics testing industry are:

Corning Incorporated
AFL Global (a subsidiary of Fujikura Ltd.)
Prysmian Group
Finisar Corporation (now part of II-VI Incorporated)
Furukawa Electric Co., Ltd.
Sumitomo Electric Industries, Ltd.
Lumentum Holdings Inc.

Corning Incorporated and AFL Global held a share of over 15% in the market in 2023. Corning Incorporated manufactures glass, ceramics, and related materials. In the market, the company offers a range of solutions including optical fibers, cables, connectors, and testing equipment. Its products are renowned for their high quality, reliability, and performance, making Corning a trusted provider for companies seeking robust fiber optics solutions for communication networks.

AFL Global provides a comprehensive range of fiber optics solutions for the telecommunications and enterprise markets. Its offerings include fiber optic cables, connectivity solutions, test & inspection equipment, and engineering services. AFL Global provides end-to-end solutions for network deployment, maintenance, and optimization, ensuring reliable & high-performance fiber optic networks.

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Fiber optics testing industry size was worth USD 350 million in 2023 and will grow at an 8.5% CAGR between 2024 and 2032, propelled by the increasing deployment across various industries and rising advancements in testing technologies.

The testing services segment in the market will accrue USD 1 billion by 2032, owing to the increasing demand for specialized testing expertise and equipment in the deployment and maintenance of fiber optic networks.

Asia Pacific fiber optics testing market accounted for 35% revenue share in 2023 due to extensive telecommunications infrastructure development and the growing adoption of fiber optics in communication networks and data centers.

Key fiber optics testing companies are Corning Incorporated, AFL Global (a subsidiary of Fujikura Ltd.), Prysmian Group, Finisar Corporation (now part of II-VI Incorporated), Furukawa Electric Co., Ltd., Sumitomo Electric Industries, Ltd., Lumentum Holdings Inc. among others.