According to a new market research report "Fiber Optics Testing Market with COVID-19 impact, by Service Type (Testing, Inspection, Certification), Offering Type (In-House, Outsourced), Fiber Mode (Single Mode, Multimode), Application, Region - Global Forecast to 2025", The global fiber optics testing market is expected to grow from USD 283 million in 2020 to USD 433 million by 2025, at a CAGR of 8.8% during the forecast period. The fiber optics testing market is growing owing to the increased investments in infrastructure development and surging demand for FTTX. However, most of these industries remained shut during the COVID-19 outbreak. The market penetration of the Fiber Optics Testing Market is also analyzed for both pre-and post-COVID-19 scenarios.
Browse 196 market data Tables and 47 Figures spread through 230 Pages and in-depth TOC on "Fiber Optics Testing Market by Service Type (Testing, Inspection, Certification), Offering Type (In-House, Outsourced), Fiber Mode (Single Mode, Multimode), Application, Region - Global Forecast to 2025"
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Testing services are expected to hold the largest share in the Fiber Optics Testing Market
Based on service type, the Fiber Optics Testing Market has been segmented into testing services, inspection services, certification services and other services. Fiber optics testing services ensure that the products have met the quality, technical, safety, and performance regulatory standards. Fiber optics are widely used in verticals such as telecommunications, aerospace & defense, manufacturing, and government. All fiber optic cables undergo testing to verify the quality of components and their installation process. Hneceforth, testing services are attributed to hold largest share of fiber optics testing in coming years.