Optical Fiber Monitoring Market Size, Share, Industry, Forecast and outlook (2024-2031)

Optical Fiber Monitoring Market is segmented By Component (Hardware, Software, Service), By Application (FTTH, Distributed Sensing, Data Center, Power Transmission, Others), By End-User (Telecommunication, Military & Aerospace, Oil & Gas, Medical, Railway, BSFI, Others), and By Region (North America, South America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030

Optical Fiber Monitoring Market Size

Global Optical Fiber Monitoring Market reached US$ 1.1 billion in 2022 and is expected to reach US$ 1.6 billion by 2030 growing with a CAGR of 5.7% during the forecast period 2023-2030.

The growing need for geo-technological monitoring by various industries will boost the global optical fiber monitoring market further upwards. The market will benefit from the growth and expansion of the telecommunications industry and the growing usage of the internet of things will drive up demand for optical fiber monitoring systems.

During the forecast period, the telecommunication end-user, which is the largest, is projected to account for more than 35% share of the global optical fiber monitoring market. Global deployment of optical fiber networks continues to grow. Governments, telecom service providers and businesses are investing in fiber optic infrastructure to improve connectivity and enable future technologies such as 5G, cloud computing and IoT.

Optical Fiber Monitoring Market Scope

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Optical Fiber Monitoring Market Dynamics

Increasing Demand for High-Speed Internet Services

Data traffic is increasing as a result of the internet's growth and the adoption of cloud-based services, necessitating the usage of faster and more reliable internet connections. Optical fibers are the preferable alternative for high-speed internet connections because they can effectively and rapidly transport huge amounts of data. 

Since then, there has been a significant growth in the need for fiber optic cables, which has resulted in an increase in the demand for optical fiber monitoring systems. Keysight Technologies released a 5G device benchmarking toolset in March 2020 for evaluating the speed performance of 5G devices. The toolkit includes a lab-based test solution that allows users to assess devices, address faults and improve internet quality.

Growing Cyber Security Threats

The developing cyber threat situation has moved network security to the top of organizational priority agendas. Cybercriminals are continually developing advanced strategies for exploiting weaknesses and gaining unauthorized network access. Distributed Denial of Service (DDoS) attacks, for example, may consume network resources, resulting in service outages and financial losses. 

Similarly, unauthorized tapping or tampering with fiber optic connections could damage data transfer secrecy and integrity. As cyberattacks become increasingly complex, it is critical to ensure the security of optical fiber networks. Optical fiber monitoring systems may identify and notify operators to potential security breaches, such as fiber cable tapping or tampering. The demand for improved network security motivates the use of monitoring systems with security features.

High Cost of Optical Fiber Monitoring Systems

Optical fiber monitoring systems are expensive to establish since skilled workers are required to install the monitoring equipment, connect it with existing network infrastructure and configure the software components. Professional installation, configuration and integration services might add to the overall cost of the system. 

The cost of the monitoring system is affected by the size and complexity of the network being monitored. More complex networks or networks with an increased number of monitoring points may need more monitoring equipment, software licenses and infrastructure. The system's scalability to allow future network extensions can also have an influence on cost.

Optical Fiber Monitoring Market Segment Analysis

The global optical fiber monitoring market is segmented based on component, application, end-user and region.

The Rising Need of Softwares to Keep a Track of Information

During the forecast period software component in the global optical fiber monitoring market are anticipated to account for approximately 30% of the market. The application of software to track and assess the information acquired by optical fiber equipment is driving market growth. A precise device used to find events or problems along a fiber link, generally inside an optical communications network, is an optical time domain reflectometer (OTDR).

The need for advanced analytics tools and real-time monitoring solutions is expected to drive a large expansion in the market for optical fiber monitoring software in the next years. The growing usage of cloud-based solutions, which provide features such as remote access, real-time monitoring and simple scaling, can be attributed to the market's growth.

Source: DataM Intelligence Analysis (2023)

Optical Fiber Monitoring Market Geographical Share

The Growing Demand of Smartphones in North America

North America is expected to account for more than 1/3rd of the global optical fiber monitoring market in 2022. Smartphones are a key factor to the exponential growth of usage of data in the region. Users anticipate rapid and continuous connectivity with the rise of mobile applications, streaming services, social networking and other data-intensive activities. 

For example, U.S. Census Bureau and the Consumer Technology Association estimated in January 2022 that smartphone sales in U.S. increased from US$ 73 billion in 2021 to US$ 74.7 billion in 2022. The optical fiber monitoring systems enable network operators to proactively monitor and control network performance, assuring adequate capacity to satisfy smartphone users' rising data needs. 

Source: DataM Intelligence Analysis (2023)

Optical Fiber Monitoring Market Companies

The major global players include Fujikura Ltd., NTest Inc., M2 Optics Inc., DSIT Solutions, FiberStore Co., Yokogawa Electric Corporation, Moog Inc., VIAVI Solutions Inc., Anritsu Corporation and VeEX Inc.

COVID Impact

With a shift to remote employment, online education and greater digital activities, demand for bandwidth has increased significantly. Additional utilisation has highlighted the significance of efficient and reliable optical fiber networks, necessitating additional monitoring and maintenance to maintain continuous connectivity.

The deployment of remote monitoring and maintenance technology has been pushed through COVID-19. Companies have increasingly relied on remote monitoring systems to comply with social distancing standards and reduce the requirement for real site inspections. It has increased demand for remote management systems and software solutions that allow operators to remotely monitor and operate optical fiber networks. 

Russia-Ukraine War Impact

The conflict has damaged and disrupted key infrastructure, including communication networks. It can cause optical fiber cables and monitoring equipment to be damaged, demanding repair and replacement. As tensions rise and the conflict worsens, there may be a greater demand for strong monitoring systems to protect the security and stability of optical fiber networks. 

To protect critical infrastructure, governments and telecommunications companies may spend more in advanced monitoring technology. The conflict has caused regional insecurity, which can have an influence on investment decisions and corporate operations. Companies may be unable to engage in optical fiber monitoring projects in impacted areas, slowing market growth.

Key Developments

• In September 2022, Gigaclear, a prominent rural UK ISP, chose the monitoring device from EXFO Inc. With the help of EXFO's technology, the ISP will be able to guarantee "first time right" deployment from a small number of key, central sites across its network, reducing the need for truck rolls and fault finding during operation.
• On September 27, 2021, NTT Corporation announced that it had successfully tested a method to measure vibrations in optical fibers with a very high degree of accuracy. The technology aims to enable environmental monitoring that makes use of optical fiber cables already in use for communications as sensors to gather environmental data near the cables.
• On June 30, 2021, NEC Corporation declared that launch of its "NEC Intelligent Optical Fiber Sensing Solution" had started. The solution enables Communications Service Providers (CSP) and optical fiber owners from all over the globe to use optical fiber as a sensor. By analysing vibrations picked up by optical fibers using AI, the solution helps maintain infrastructure by allowing the early detection of anomalies like fiber damage and assisting in mitigating further damage.

Why Purchase the Report?

• To visualize the global optical fiber monitoring market segmentation based on component, application, end-user and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development. 
• Excel data sheet with numerous data points of optical fiber monitoring market level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global optical fiber monitoring market report would provide approximately 61 tables, 63 figures and 203 pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies