North America Optical Fiber Monitoring Market, By Offering (Solution, Services), Monitoring Type (LIT Fiber Monitoring, Dark Fiber Monitoring), Type (Step Indexed Optical Fiber, Graded Indexed Optical Fiber), Technology, (Distributed Temperature Sensing (DTS), Distributed Fiber Optics Sensing, Distributed Acoustic Sensing (DAS), Real Time Thermal Rating, Others), Mode (Multimode, Single Mode), Application (Underground, Underwater, Aerial), By End-User (IT &Telecommunication, Military and Aerospace, Oil & Gas, Medical, Power & Energy, Automotive, Food & Beverages, Railway, Banking, and Finance Services and Insurance (BFSI), Others) - Industry Trends and Forecast to 2029.
North America Optical Fiber Monitoring Market Analysis and Size
Optical fiber monitoring is widely used in various industry verticals for their wide offerings. The rising demand for high-speed internet is driving the North America optical fiber monitoring market. Additionally, innovation in optical fiber monitoring devices is providing the fuel for the growth of North America optical fiber monitoring market. However, high cost associated with optical fiber monitoring devices is the major restraining factor for the market growth. Moreover, lack of skilled professionals act as a challenge for the expansion of North America optical fiber monitoring market. Moreover, growing IT and telecommunication industry is expected to boost the North America optical fiber monitoring market growth in future. For this, various market players are introducing new products and forming a partnership to expand their business in the North America optical fiber monitoring market.
Data Bridge Market Research analyses that the North America optical fiber monitoring market is expected to reach a value of USD 5,002.94 million by 2029, at a CAGR of 12.5% during the forecast period. The North America optical fiber monitoring market report also comprehensively covers pricing analysis, patent analysis, and technological advancements.
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customisable to 2019-2014)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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By Offering (Solution, Services), Monitoring Type (LIT Fiber Monitoring, Dark Fiber Monitoring), Type (Step Indexed Optical Fiber, Graded Indexed Optical Fiber), Technology, (Distributed Temperature Sensing (DTS), Distributed Fiber Optics Sensing, Distributed Acoustic Sensing (DAS), Real Time Thermal Rating, Others), Mode (Multimode, Single Mode), Application (Underground, Underwater, Aerial), By End-User (IT &Telecommunication, Military and Aerospace, Oil & Gas, Medical, Power & Energy, Automotive, Food & Beverages, Railway, Banking, and Finance Services and Insurance (BFSI), Others)
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Countries Covered
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U.S., Canada, Mexico.
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Market Players Covered
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Coherent Inc., Fujikura Ltd., FIBERNET, EXFO Inc., VIAVI Solutions Inc., Bandweaver, Anritsu Corporation, AFL (A Subsidary Of Fujikura Ltd.), ADVA, PacketLight Networks, Fibersonics, Fluke Corporation, Hifi Engineering Inc., Moog Inc., M2 Optics Inc., Ntest Inc., OptaSense Ltd, VeEX Inc., Sumitomo Electric Industries Ltd. , Intelligent Fiber Optic System Corporation (IFOS), and O/E Land Inc.
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Market Definition
Fiber monitoring refers to the ongoing assessment of fiber quality through the use of software tools and devices that comprise an integrated fiber monitoring and management system. These elements collectively facilitate the detection of faults, degradation, or security intrusions and alarm the system administrator in real-time when threats to fiber optic network integrity occur. Monitoring systems can also be utilized to proactively trend and analyze attenuation and other fiber optic performance metrics over time. Optical fiber monitoring has been used mostly in the data centers for high speed data transmission as it helps in detecting the cause and the problem in the optical fiber network. Optical fiber monitoring is necessary for the optical fiber networks as the infrastructure is high in cost and would require time to time maintenance otherwise would lead to deterioration of the network. Since the technology is still in its growing phase, there are many research operations conducted by researchers for achieving high speed.
North America Optical Fiber Monitoring 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
- RISE IN DEMAND FOR HIGH-SPEED INTERNET
There is continues requirement of high speed internet in North America region. Wide expansion of high bandwidth and low attenuation make it perfect for gigabit transmission. Most of the organization need high speed gigabit transmission. This generates the need of high speed optical fiber network. Sometimes this requirement does not meet up to the mark. Thus, this generates the need of optical fiber monitoring devices. Adding to this, it’s not easy to maintain the network owing to high demand of optical fiber monitoring networks. Optical fiber monitoring devices namely OTDR (Optical Time Domain Reflectometer) or other related device is being introduced to identify the fiber fault in the FTTH cable (fiber optic cable). These devices also effectively detect losses in optical fiber cables using various software.
- INNOVATION IN OPTICAL FIBER MONITORING DEVICES
Optical cabling supports the communication infrastructure of our connected planet. Inherently fragile by nature, this optical cable is susceptible to water ingress, misplaced construction digs, rodent infestations, security intrusions, and many other potential hazards. Maintaining optimal fiber condition and best network performance requires advanced fiber monitoring practices and devices to quickly identify and react to problems. And hence innovation is also required to make optimum alarms of loss or fault detection in optical fiber cable. Organizations innovating their product line regarding to optical fiber monitoring devices.
Opportunity
- HIGH DEMAND OF OPTICAL FIBER MONITORING IN VARIOUS INDUSTRIES
Optical fiber monitoring is a process to the ongoing assessment of fiber quality through the use of software tools and devices that comprise an integrated fiber monitoring and management system. Fiber Monitoring is a proven, pro-active, risk-reduction and asset protection approach of pinpointing fiber degradation. It breaks that threaten strategic infrastructure providing service to thousands of customers in various industries such as IT and telecommunication, medical, energy, oil and gas, railways, defense and others. This has produced high demand of optical fiber monitoring in these industries which in return is expected to provide lucrative opportunities for North America optical fiber monitoring market.
Restraint/Challenge
- GOVERNMENTS FUNDING FOR FIBER-BASED NETWORK
Broadband investment and deployment is being spurred on by government funding, including grants at the federal and state level in U.S. and across the globe. According to a report from DZS Inc., a solutions provider for broadband connectivity, government across the globe are funding or providing initiatives for the fiber based networks infrastructure which is up to USD 125 billion. A line chart is given below to estimate the sum of capital invested by the nations governments in boosting the fiber based networks across the globe.
Post-COVID-19 Impact on North America Optical Fiber Monitoring Market
The optical fiber monitoring industry noted a decrease in demand due to lockdown and COVID-19. Governmental laws, as manufacturing facilities and services were closed. COVID-19 created a major impact on various industries as almost every country has opted for the shutdown for every facility except the ones dealing in the essential goods segment. The government has taken some strict actions such as the shutdown of facilities and sale of non-essential goods, blocked international trade, and many more to prevent the spread of COVID-19. This boosted the North America optical fiber monitoring market, as the consumers were availing insurance to avoid huge capital payment at hospitals just in case of medical needs. Hence, the COVID-19 impacted positively for the the North America optical fiber monitoring market.
Recent Developments
- In September 2022, EXFO Inc.’s monitoring system was selected by leading rural UK ISP Gigaclear. Gigaclear has selected EXFO’s remote fiber testing and monitoring solution to support Gigaclear’s ambitious expansion plans. EXFO’s technology will allow the ISP to ensure “first time right” deployment to reduce fault finding and truck rolls during operation, and rapid fault identification once in service, from just a few strategic, central locations within its network. This rapid expansion of solutions by EXFO Inc. ensures the sustainability and growth for the entire market
- In May 2022, VIAVI Solutions Inc. has been selected by Italian wholesale fiber provider, Open Fiber, for a centralized optical test solution. Open fiber has selected a centralized optical test solution from VIAVI to support its ambitious goal of delivering 100 percent ultra-broadband coverage with Gigabit speeds for the whole of Italy. It currently provides connectivity for 300 national and international service providers and serves 14 million Italian households. This solution offering by the company will enhance the overall sales
North America Optical Fiber Monitoring Market Scope
North America optical fiber monitoring market is segmented on the basis of offering, monitoring type, type, technology, mode, application, and end user. The growth amongst these segments will help you analyse 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.
North America Optical fiber monitoring Market, BY Offering
- SOLUTION
- SERVICES
On the basis of offering, the North America optical fiber monitoring market is segmented into solution and services.
North America Optical fiber monitoring Market, BY MONITORING TYPE
- DARK FIBER MONITORING
- LIT FIBER MONITORING
On the basis of monitoring type, the North America optical fiber monitoring market is segmented into dark fiber monitoring and lit fiber monitoring.
North America Optical fiber monitoring Market, BY TYPE
- STEP INDEXED OPTICAL FIBER
- GRADED INDEXED OPTICAL FIBER
On the basis of type, the North America optical fiber monitoring market is segmented into step indexed optical fiber and graded indexed optical fiber.
North America Optical fiber monitoring Market, BY TECHNOLOGY
- DISTRIBUTED TEMPREATURE SENSING (DTS)
- DISTRIBUTED FIBER OPTICS SENSING
- DISTRIBUTED ACOUSTIC SENSING (DAS)
- REAL TIME THERMAL RATING
- OTHERS
On the basis of the technology, the North America optical fiber monitoring Market is segmented into distributed temperature sensing (DTS), distributed fiber optics sensing, distributed acoustic sensing (DAS) and real time thermal rating, and others.
North America Optical fiber monitoring Market, BY MODE
- MULTIMODE
- SINGLE MODE
On the basis of the mode, the North America optical fiber monitoring market is segmented into the multimode and single mode.
North America Optical fiber monitoring Market, BY APPLICATION
- UNDERGROUND
- UNDERWATER
- AERIAL
On the basis of the industry, the North America optical fiber monitoring market is segmented into oil and gas, water, agriculture, food and beverages, pharmaceutical, automotive, mining, and others.
North America Optical fiber monitoring Market, BY END-USER
- IT &TELECOMMUNICATION
- MILITARY AND AEROSPACE
- OIL & GAS
- MEDICAL
- POWER & ENERGY
- AUTOMOTIVE
- FOOD & BEVERAGES
- RAILWAY
- BANKING AND FINANCE SERVICES AND INSURANCE (BFSI)
- OTHERS
On the basis of the end-user, the North America optical fiber monitoring market is segmented into
North America Optical Fiber Monitoring Market Regional Analysis/Insights
North America optical fiber monitoring market is analysed, and market size insights and trends are provided by country, offering, monitoring type, type, technology, mode, application, end user, as referenced above.
The countries covered in the North America optical fiber monitoring market report are U.S., Canada, and Mexico. U.S. dominates in the North America region due to high demand of optical fiber monitoring devices. Additionally, high rise in demand of high speed internet is expected to act as a driving factor for the growth of the market.
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 downstream and upstream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of North America 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 North America Optical Fiber Monitoring Market Share Analysis
North America optical fiber monitoring market competitive landscape provide details by the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, North America 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 North America optical fiber monitoring market.
Some of the major players operating in the North America optical fiber monitoring market are Coherent Inc., Fujikura Ltd., FIBERNET, EXFO Inc., VIAVI Solutions Inc., Bandweaver, Anritsu Corporation, AFL (A Subsidary Of Fujikura Ltd.), ADVA, PacketLight Networks, Fibersonics, Fluke Corporation, Hifi Engineering Inc., Moog Inc., M2 Optics Inc., Ntest Inc., OptaSense Ltd, VeEX Inc., Sumitomo Electric Industries Ltd., Intelligent Fiber Optic System Corporation (IFOS), and O/E Land Inc. among others.
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