Global Optical Power Meter Market, 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) – Industry Trends and Forecast to 2030.
Optical Power Meter Market Analysis and Size
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.
This optical power meter market report provides details of market share, new developments, and product pipeline analysis, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario, contact us for an Analyst Brief, and our team will help you create a revenue impact solution to achieve your desired goal.
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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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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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Market Definition
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 and display, which measures and monitors the range of wavelengths and power levels. The calibrated sensor is integrated with a photodiode which is used to measure the wavelengths and power levels in the system. The sensors consist of silicon, germanium or InGaAs based semiconductor. Different sensor types used in optical power meters have different characteristics. A measuring amplifier is used to verify accuracy and to deliver data and information. The display unit provides the monitored and measured optical power reading and set wavelength. An optical power meter also helps to determine the power loss incurred by the optical signal while passing through the optical media.
Global Optical Power Meter Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
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.
These access applications led to the use of fixed wireless network antennas, key security, mobile network base stations and monitoring & measuring structures, which then require higher information and data throughput. Consequently, the increase of the transport capacity of access networks becomes crucial for internet service providers.
The transmission wires are exposed to external conditions, and many factors can lead to miscalibration. So it is important to regularly evaluate the transmission quality, including the evaluation of power within the cables through optical power meters.
Opportunities
- RISING POWER GRID PROBLEMS
A power grid is, also referred to as an electrical grid, is an interconnected network structure for delivering electricity and power from producers to consumers for daily usage. The power grid consists of three stages are generation, transmission, and distribution.
Power plants convert mechanical energy into electrical energy by the use of a generator. Electrical transmission is carried out with the use of power lines. The distribution process connects substations from large industrial buildings to small homes to provide electricity for them.
Restraints/Challenges
- LACK OF TECHNICAL KNOWLEDGE
Increasing technological advances, innovations, and digitization of business processes make it difficult for workers, employees, and staff to match their skill sets with the needs of growing and technologically updated operations.
This creates a skill gap between the staff and the business. There is a shortage of skilled technical expertise with relevant qualifications and knowledge as technology upgrades day by day.
As computers get upgraded with smarter and innovative solutions, it becomes more capable of performing tasks that were earlier performed by humans, so the employees and staff will need to develop and upgrade their skill set that will provide them the advantage over computer machines such as critical thinking, innovations and creativity.
The optical power meters fall under semiconductors and require huge technical knowledge regarding units, conversions and others, which makes it difficult for normal staff to operate power meters.
Post COVID-19 Impact on Global Optical Power Meter Market
COVID-19 has had a significant impact on the global economy, and the optical power meter market is no exception. With the pandemic causing disruptions in supply chains and production, the demand for optical power meters may have been affected.
However, the increasing use of optical power meters in the telecommunications industry, data centers, and other applications has kept the demand relatively stable. The need for reliable and high-speed communication networks has only increased during the pandemic due to the shift to remote work and online learning.
Additionally, with the increasing adoption of 5G technology and the expansion of fiber optic networks, the demand for optical power meters will likely continue to grow in the coming years.
Overall, while COVID-19 may have caused some disruptions in the optical power meter market, the increasing demand for high-speed and reliable communication networks is expected to drive growth in the long term
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.
Global Optical Power Meter Market Scope
Global optical power meter market is segmented on the basis of component, type, instrument\product type, detector type, power range, wavelength, light source, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
TYPE
- THERMAL DETECTORS
- PHOTO DETECTORS
On the basis of type, the global optical power meter market is segmented into thermal detectors and photo detectors.
INSTRUMENT/PRODUCT TYPE
- BENCHTOP METER
- PORTABLE METER
- VIRTUAL METERS
- OPTICAL WAVELENGTH
- HAND-HELD METER
- OTHERS
On the basis of instrument/product type, the global optical power meter market has been segmented into benchtop meter, portable meter, virtual meters, optical wavelength, hand-held meters and others.
DETECTOR TYPE
- INGAAS (INDIUM GALLIUM ARSENIDE)
- GERMANIUM
- SILICON
- OTHERS
On the basis of detector type, the global optical power meter market has been segmented into InGaAs (indium gallium arsenide), germanium, silicon, and others.
POWER RANGE
- HIGH
- MEDIUM
- LOW
On the basis of power range, the optical power meter market has been segmented into the high, medium, and low.
WAVELENGTH
- 850NM TO 1650NM
- 400NM TO 1100NM
On the basis of wavelength, the global optical power meter market has been segmented into 850NM to 1650NM and 400NM to 1100NM.
LIGHT SOURCE
- LASER
- LED
On the basis of the light source, the global optical power meter market has been segmented into laser and led.
APPLICATION
- INSTALLATION & MAINTENANCE
- TESTING
- MANUFACTURING
- RESEARCH & DEVELOPMENT
- OTHERS
On the basis of application, the global optical power meter market has been segmented into installation & maintenance, testing, manufacturing, research & development, and others.
END-USER
- TELECOMMUNICATION INDUSTRY
- ELECTRICAL & ELECTRONICS INDUSTRY
- AUTOMOTIVE INDUSTRY
- MILITARY & AEROSPACE INDUSTRY
- ENERGY & UTILITIES INDUSTRY
- OTHERS
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.
Global Optical Power Meter Market Regional Analysis/Insights
Global optical power meter market is analysed, and market size information is provided by country, component, type, instrument\product type, detector type, power range, wavelength, light source, application and end-user.
The countries covered in the global optical power meter market report are the U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Switzerland, Netherlands, Russia, Turkey, Belgium, Poland, Finland, Norway, Sweden, Denmark, Rest of Europe, Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Taiwan, Vietnam, Philippines, New Zealand, 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..
Asia-Pacific region dominates the global optical power meter market due to the high adoption of advanced technology and the presence of major players in the region. China dominates the optical power meter market owing to the owing to the growing telecommunication industry, digitalization and rising power grid problems, which is contributing to the growth of the country across the region. However, U.S. has a huge presence of most technologically advanced leaders in the market for providing innovative technology, which is contributing to the growth of the country. The increasing adoption of optical power meters is contributing to the growth of the market in Germany.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Optical Power Meter Market Share Analysis
Global optical power meter market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global optical power meter market.
Some of the major players operating in the global optical power meter market are 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, Deviser Instruments, Incorporated, Edmund Optics, Kingfisher International, Artifex Engineering GmbH & Co KG., GAO Tek & GAO Group Inc., Tech Optics Ltd. and Stanlay.
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