Asia-Pacific Optical Power Meter Market - Industry Trends and Forecast to 2030
The Asia-Pacific optical power meter market is expected to reach USD 87,483.66 thousand by 2030 from USD 51,933.30 thousand in 2022, growing with a substantial CAGR of 6.9% in the forecast period of 2023 to 2030.
Market SegmentationAsia-Pacific Optical Power Meter Market, By Type (Thermal Detectors and Photodetectors), Instrument/Product Type (Benchtop Meters, Portable Meters, Virtual Meters, Optical Wavelength, Hand-Held Meters, and Others), Detector Type (InGaAs (Indium Gallium Arsenide), Germanium, Silicon, and Others), Power Range (High Range, Medium Range, and Low Range), Wavelength (850 NM to 1650 NM and 400 NM to 1100 NM), Light Source (LASER and LED), Application (Installation and Maintenance, Testing, Manufacturing, Research and Development, and Others), End User (Telecommunication Industry, Electrical and Electronics Industry, Automotive Industry, Military and Aerospace Industry, Energy and Utilities Industry, and Others), Country (China, Japan, South Korea, Australia, Singapore, Malaysia, India, Vietnam, Taiwan Thailand, Indonesia, Philippines, and Rest of Asia-Pacific) – Industry Trends and Forecast to 2030
Overview of the Asia-Pacific Optical Power Meter Market Dynamics
Driver
• Increasing demand for optical power meters in the telecommunication industry
Restraint
• Complicated and inflexible operation of the fiber optic power meters
Opportunity
• Growing requirement for low attenuation applications
Market Players
Some of the major market players operating in the Asia-Pacific optical power meter market are:• ADC CORPORATION
• AFL (A subsidiary of Fujikura, Ltd.)
• Anritsu
• APEX Technologies
• Artifex Engineering GmbH & Co KG.
• BIOPTIC CO.,LTD
• ComSonics
• Deviser Instruments, Incorporated
• Edmund Optics Inc.
• EXFO Inc.
• Fluke Corporation
• GAO Tek & GAO Group Inc.
• HIOKI E.E. CORPORATION
• JOINWIT
• Jonard Tools
• Keysight Technologies
• Kingfisher International
• Newport Corporation (A subsidiary of MKS Instruments)
• Ophir Optronics Solutions Ltd
• OZ Optics Ltd.
• PDR World
• Santec Corporation
• Stanlay
• Thorlabs, Inc.
• VIAVI Solutions Inc.
• Yokogawa Test & Measurement Corporation