The analysts forecast global OTDR market to grow at a CAGR of 12.52% during the period 2017-2021. One trend in the market is visual fiber-optic testing technology.
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Advanced technologies such as visual fiber optic testing ease the process of testing optical fibers. A visual fault locator (VFL) that operates in the visible spectrum troubleshoots optical fiber links by passing visible red light through them.
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Units that pulse on/off are easier to use for detecting damages.
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Major key players in the global OTDR market: Danaher (Fluke Networks), EXPO, and Yokogawa Test & Measurement, Anritsu, Corning, Fujikura, Keysight Technologies, and MOLEX.
According to the OTDR market report, one driver in the market is increase in data center interconnect sales. Enterprises have evolved into complex, massive organizations that operate in real time over disparate regions.
Their operations require data to be stored, processed, analyzed, and archived quickly. These factors drive the data center construction market.
Organizations construct data centers to house IT infrastructure and store high-volume data to synchronize their operations. Data center construction requires designing and installation of electrical, mechanical, and security systems.
The data center construction market was valued more than $17 billion in 2016, which will likely reach more than $25 billion by 2021. Inquire for report at www.reportsnreports.com/contacts/d…spx?name=1256952.
Further, the OTDR market report states that one challenge in the market is price consciousness among end-users. Price-conscious end-users opt for low-cost optical fibers provided by regional vendors, deterring the profitability of large international vendors.
Most of the end-users are purchasing OTDR from APAC, as manufacturing cost is less in the country. As a result, many Chinese enterprises are also developing product lines at lower prices, making it difficult for the global companies to compete with them.
The Chinese manufacturers are investing heavily in R&D of compact, rugged, and efficient equipment and selling them at lower prices to remain competitive in the market, thus reducing the profit margin of international vendors. The competition in this market is also high as the low-cost products ensure high ROI.
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