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. Therefore, the global optical power meter market is estimated to increase rapidly in the near future.
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Data Bridge Market Research analyses that the Optical Power Meter Market is expected to grow at a CAGR of 6.5% in the forecast period of 2023 to 2030 and is expected to reach USD 232,481.06 thousand by 2030. 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.
Key Findings of the Study
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.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in Thousand, Volumes in Units, Pricing in USD
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Segments Covered
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By Type (Thermal Detectors and Photo Detectors), Instrument/Product Type (Benchtop Meter, Portable Meter, Virtual Meters, Optical Wavelength, Hand-Held Meter, and Others), Detector Type (InGaAs (Indium Gallium Arsenide), Germanium, Silicon, and Others), Power Range (High, Medium, and Low), Wavelength (850NM TO 1650NM and 400NM to 1100NM), Light Source (Laser, and LED), Application (Installation & Maintenance, Testing, Manufacturing, Research & Development, and Others), End User (Telecommunication Industry, Electrical & Electronics Industry, Automotive Industry, Military & Aerospace Industry, Energy & Utilities Industry, and Others)
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Countries Covered
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U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Switzerland, Netherlands, Russia, Turkey, Belgium, Poland, Finland, Norway, Sweden, Denmark, and Rest of Europe, Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Taiwan, Vietnam, Philippines, New Zealand, and Rest of Asia-Pacific, South Africa, Israel, U.A.E., Saudi Arabia, Egypt, Qatar, Bahrain, Kuwait, Oman, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America
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Market Players Covered
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Thorlabs (U.S.), Inc., Kingfisher International (Australia), GAO Tek & GAO Group Inc. (U.S.), VIAVI Solutions Inc. (U.S.), Fluke Corporation (U.S.), EXFO Inc.(Canada), AFL(U.S.), Newport Corporation (A Subsidiary of MKS Instruments) (U.S.), Stanlay (India), Keysight Technologies (U.S.), Anritsu (Japan), Tech Optics Ltd.(England), JOINWIT (China), Artifex Engineering GmbH & Co KG. (Germany), HIOKI E.E. CORPORATION (Japan), Edmund Optics Inc. (U.S.), BIOPTIC CO., LTD (South Korea), ComSonics (U.S.), ADC CORPORATION (Japan), Deviser Instruments (U.S.), Incorporated, PDR World (India), Jonard Tools (U.S.), OZ Optics Ltd. (Canada), APEX Technologies (France), Ophir Optronics Solutions Ltd (Israel), Santec Corporation (Japan) and Yokogawa Test & Measurement Corporation (Japan), among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework
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Segment Analysis:
The global optical power meter market is segmented into eight notable segments, which are based on the type, instrument\product type, detector type, power range, wavelength, light source, application and end-user.
- On the basis of type, the global optical power meter market is segmented into thermal detectors and photo detectors. In 2023, the photo detectors segment is expected to dominate the global optical power meter market with 60.11% market share because of factors such as high sensitivity, ease of use, stronger wavelength dependence, and can measure power levels as low as 90 dBm.
In 2023, hand-held meters is expected to dominate the global optical power meter market as it is considered one of the most popular meter
In 2023, the hand-held meters is expected to dominate the global optical power meter market with 39.30% market share and is expected to reach USD 93,310.27 thousand by 2030, growing with the CAGR of 6.9% in the forecast period of 2023 to 2030.
- On the basis of detector type, the global optical power meter market has been segmented into germanium, silicon, ingaas (indium gallium arsenide), and others. In 2023, the germanium is expected to dominate the global optical power meter market with 55.65% market share.
- On the basis of power range, the global optical power meter market has been segmented into medium, high and Low. In 2023, the medium range is expected to dominate the global optical power meter market with 73.18% market share.
- On the basis of wavelength, the global optical power meter market has been segmented into 850NM to 1650NM, and 400NM to 1100NM. In 2023, 850NM to 1650NM is expected to dominate the global optical power meter market with 56.86% market share.
- On the basis of light source, the global optical power meter market has been segmented into laser and LED. In 2023, the laser segment is expected to dominate the global optical power meter market with 63.37%.
- On the basis of application, the global optical power meter market has been segmented into testing, installation & maintenance, manufacturing, research & development, and others. In 2023, the testing segment is expected to dominate the global optical power meter market with 59.77% market share.
- On the basis of end user, the global optical power meter market has been segmented into the telecommunication industry, electrical & electronics industry, automotive industry, military & aerospace industry, energy & utilities industry and others. The telecommunication industry, electrical & electronics industry, automotive & industrial industry, military and aerospace industry.
In 2023, telecommunication industry held the maximum share in the market, as all the network related operations are performed in the telecom industry. All the technological advancements and adoption of optic fiber networks are promoting the use of optical power meters, thus also strengthening the capabilities of the telecom sector.
In 2023, the telecommunication industry segment is expected to dominate the global optical power meter market with 42.95% market share.
Major Players
Data Bridge Market Research recognizes the following companies as the major key players in the global optical power meter market are Thorlabs, Inc., Kingfisher International, GAO Tek & GAO Group Inc., VIAVI Solutions Inc., Fluke Corporation, EXFO Inc., AFL, Newport Corporation (A Subsidiary of MKS Instruments), Stanlay, Keysight Technologies, Anritsu, Tech Optics Ltd., JOINWIT, Artifex Engineering GmbH & Co KG., HIOKI E.E. CORPORATION, Edmund Optics Inc., BIOPTIC CO., LTD, ComSonics, ADC CORPORATION, Deviser Instruments, Incorporated, PDR World, Jonard Tools, OZ Optics Ltd., APEX Technologies, Ophir Optronics Solutions Ltd, Santec Corporation and Yokogawa Test & Measurement Corporation, among others.
Market Development
- In March 2023, Yokogawa received certification from Science Based Targets (SBT) for its greenhouse gas emission reduction targets. The Paris Agreement's aim of "keeping the increase in the global average temperature to well below 2°C above pre-industrial levels and pursuing efforts to limit the temperature increase to 1.5°C above pre-industrial levels" is supported by the SBT Initiative as being science-based targets. It encourages businesses to set science-based greenhouse gas emission objectives.
- In February 2023, HIOKI E.E. CORPORATION intends to launch the laboratory in early April 2023. The lab's staff will collaborate with clients and business partners to develop novel essential technologies and goods for using electrical measurement technology to address social challenges. This helps the company to develop and launch new and innovative products according to customer requirements.
- In January 2023, ADC released the 7482, a high-resolution 812-digit digital multimeter with the ability to measure AC. The 7481/7482 is an 812-digit digital multimeter featuring resistance, DC voltage, and DC measurement capabilities and a high resolution of 0.01 ppm. With the self-calibration capability, high-accuracy measurements may be taken at any time, and external calibration can be carried out using fewer standards. Such innovation caters to a new market as well as customers.
- In September 2021, France-based APEX Technologies will introduce three new items at ECOC 2021. The company develops and produces high-performance test equipment for fiber optic telecommunications research. They include a polarimeter, an enhanced spontaneous emission source, and an external cavity tunable laser source.
- In April 2021, Newport Corporation's 1938-R and 2938-R Benchtop Optical Power Meters were the next generation of the popular 1936-R and 2936-R instruments. The single-channel 1938-R and dual-channel 2938-R are the perfect instruments for advanced high speed, modulated light measurements because they combine the advanced features of their predecessors with a modern CPU, touch screen, Android OS, and high-bandwidth electrical design. Such product helps the company to cater to a new and wide market.
- In July 2020, Anritsu announced the launch of the Anritsu Web Expo – Test and Measurement – 2020. Under this, the company showcased its measurement solutions. Through this, the company promoted its test and measurement products to the customers. This will help the company to enhance its customer base and to grow in the market.
Regional Analysis
Geographically, the countries covered in the global optical power meter market report are U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Switzerland, Netherlands, Russia, Turkey, Belgium, Poland, Finland, Norway, Sweden, Denmark, and Rest of Europe, Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Taiwan, Vietnam, Philippines, New Zealand, and Rest of Asia-Pacific, South Africa, Israel, U.A.E., Saudi Arabia, Egypt, Qatar, Bahrain, Kuwait, Oman, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America.
As per Data Bridge Market Research analysis:
Asia-Pacific is the dominant region in the global optical power meter market globally during the forecast period 2023 - 2030
In 2023, Asia-Pacific region will dominate the optical power meter market globally as the region has the highest number of industries that adopt measure absolute optical power or relative loss of optical power through a section of optical fiber for their manufacturing/production processes which subsequently increases the need for an optical power meter.
Asia-Pacific is estimated to be the fastest growing region in the global optical power meter market in the forecast period 2023 - 2030
Asia-Pacific is expected to grow during the forecast period due to the presence of major market players and the rapid development of industrial facilities in emerging economies in this region. In addition to this, the rising level of investment expenditure and increasing per-capita income are expected to propel the market's growth rate in this region.
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