Global use of handheld OTDRs and associated devices reach $407.33 million in 2018…
February 25, 2022 — ElectroniCast Consultants, a leading market and technology research consultancy addressing the fiber optics communications industry, today announced the release of their annual market forecast of hand-held OTDR fiber optic test devices. The new report provides a 10-year forecast of the worldwide market for handheld OTDRs and multiple-test units (platforms) using OTDR modules, as well as supplementary/secondary (add-on) OTDR-based modules.
An Optical Time Domain Reflectometer (OTDR) is a fiber optic test instrument used as a troubleshooting device to find faults in the optical fiber link.
- According to ElectroniCast Consultants, the estimated global consumption value of handheld OTDR devices (dedicated-handheld or modular solutions) and “add-on” (supplementary) OTDR modules in 2021 was $480.22 million. The consumption value is forecast to increase 4.45 percent annually, during the 1st-half of the forecast period to reach $597.04 million in 2026; and increase further to $680.7 million in the year 2031, with rising quantity growth partially offset by a decline of average selling prices. All values and prices in this report are at end-user levels, and are in current dollars, which include the effect of a forecasted 5 percent annual inflation rate over the forecast period.
- The Asia Pacific region (APAC) held the leadership position in relative market share of worldwide consumption value, last year. Europe, in 2021, represented 22.8 percent relative market share of the worldwide consumption value. Europe’s consumption value is forecast to increase at relatively constant pace throughout the forecast period. The North American region (U.S.A., Mexico, and Canada) had an estimated consumption value of $157.9 million in 2021.
- The Rest of the World region (including Central/South America, Africa and Middle East) is forecast for an increase (value) movement during the 1st-half (2021-2026), at 11.05% per year, and then increases during the 2nd half at a forecasted nearly 6% annually during the 2nd-half (2026-2031). Note: Market forecast data in this study report refers to consumption (use) for a particular calendar year; therefore, this data is not cumulative data.
According to ElectroniCast, the Asia Pacific Region sector led the worldwide consumption value of handheld OTDRs and associated devices in 2021…
Handheld OTDRs and Multi-Test Platform Units and OTDR Modules
Global Consumption – 2021 (US$480.2 Million)
Source: ElectroniCast Consultants
This market forecast report, which is available immediately, is part of a consultant service from ElectroniCast to our clients. For detailed information on this or other services provided by ElectroniCast, please contact ElectroniCast at our website contact form.
ElectroniCast Consultants – https://electronicast.com Founded in 1981, ElectroniCast specializes in forecasting trends in technology forecasting, markets and applications forecasting, strategic planning and consulting. ElectroniCast, as a technology-based independent forecasting firm, serves industrial companies, trade associations, government agencies, communication and data network companies and the financial community. Reduction of the risk of major investment decisions is the main benefit provided. ElectroniCast Consultants’ goal is to understand the challenges and opportunities facing clients and to provide timely, accurate information for strategic planning.