India Fiber Optic Testing Equipment Market
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India Fiber Optic Testing Equipment Market was valued US$ XX Mn in 2019 and is expected to reach US$ XX Mn by 2027, at CAGR of XX% during forecast period of 2020 to 2027.
India Fiber Optic Testing Equipment Market
India Fiber Optic Testing Equipment Market Drivers and Restrains:
Fiber optic testing equipment is a special type of optoelectronic instrument that is used to calculate the major performance aspects like quality in several fiber optic devices, fiber optic cables, systems, components, faults, and power. It is also used to confirm and monitor the accurate passage of light and helps in troubleshooting the system. Fiber optic test equipment has a wide range of applications to deliver more accurate power losses, attenuation losses, and proper detection and inspection of the errors.The report study has analyzed revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.
Rising demand from the telecommunications industry in the nation is expected to be one of the major growth drivers over the forecast period. The telecommunication companies in the country are taking initiatives to strengthen the 5G infrastructure in India. e.g., telecommunication industry collaboratively taken the initiative to launch an Open Test and Integration Center (OTIC) in India. In this collaboration, companies containing Reliance Jio, China Mobile, among others. Such initiatives are anticipated to propel the adoption of fiber optic testing equipment market. According to the India Brand Equity Foundation, India is the world’s second largest telecommunications market, total telephone subscriber base, and teledensity reached 1,195.24 Mn and 90.52%, respectively, at the end of September 2019.
The increasing investments in the smart city initiatives in the country is also expected to fuel the fiber optic testing equipment market. e.g., the Digital India initiative launched by the Government of India funds the development of large and complex fiber-optic networks across the country for delivering high-speed internet services to urban and rural areas. Various advanced technologies include Fiber to the X/fiber in the loop and LTE that need excellent connectivity, which are further impelling the demand of the fiber optic testing equipment in the country.
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The India fiber optic testing equipment market is driven by the growing demand for higher bandwidth, increasing government investments, increasing advancements in existing fiber optics networks, and demand for fast and efficient data transfer. However, lack of skilled technicians and high maintenance costs coupled with high initial investment are restraining the market growth during the forecast period. Growth of the telecommunication industry and upgradation of existing fiber optics networks are expected to create beneficial opportunities for the key player in market over the upcoming period. Increasing the adoption of WI-FI and WIMAX are the major challenge for the fiber optic testing equipment market in the near future.
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Last Update : Jan 28, 2021 5:01 AM
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