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The cable tester market size is estimated to grow at a CAGR of 4.76% between 2023 and 2028. The market size is forecast to increase by USD 154.07 million. The growth of the market depends on several factors, including the rise in Internet penetration and data traffic, increasing product development of cable testers and increasing demand for high bandwidth. The cable testers are the essential tool that is used in the field of information technology and telecommunications to verify the integrity and connectivity of network cables. These testers are mainly used to test the accuracy of the signals and the frequency emitted by electronic devices, including servers and computers. The cable testers help the network technicians and the IT professionals in identifying and diagnosing issues in cabling systems and ensuring that data can flow reliably through the network.
The report offers extensive research analysis on the cable tester market with a categorization based on Application, including home appliance, navigation and defense, and communication. It further segments the market by Type, encompassing fiber optic cable, coaxial cable, and ethernet cable. Additionally, the report provides Geographical segmentation, covering APAC, Europe, North America, Middle East and Africa, and South America. Market size, historical data (2018-2022), and future projections are presented in terms of value (in USD million) for all the mentioned segments.
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The rise in Internet penetration and data traffic is notably driving the market growth. The global cable tester market is expected to grow during the forecast period owing to high rates of Internet penetration and smartphone adoption. As far as developing countries are concerned, the increasing investment in healthcare and telecommunication is attributable to strong distribution channels and logistic services. This results in the need for global shipping and cross-border e-commerce. It has been observed that m-commerce is gaining popularity in emerging economies as web-enabled mobile handsets are the only source of point-of-internet access for many people in such economies. North America has the highest Internet penetration rate, more than 70%, which is higher than the average global Internet penetration. The reason behind the high Internet penetration rate in North America is the efficient telecom and Internet connectivity networks.
Also, a high degree of consumer awareness adds to the high rate of Internet penetration in the region. Thus, it has been identified that the growth rate of Internet penetration and adoption of smartphones play a vital role in increasing the volume turnover of the global cable tester market, particularly in developing economies. This will play a major role in driving the demand for cable tester and driving the growth of the global cable tester market during the forecast period.
The proliferation of data centers is an emerging trend shaping market growth. Data centers have become an important part of almost all business enterprises. The massive growth in the data generated has compelled several companies to build data centers of their own or lease data center space. The growing focus on cloud computing will further drive the need for data centers. Several firms have been investing in the construction of data centers. For instances, on 17 July 2023, Teraco, Africas largest platform provider for vendor-neutral data centers and interconnection, announced the expansion of JB4 data center phase 2 construction in Johannesburg.
Moreover, several investments are being made in the construction of data centers, which indicates the growing need for these data centers to support the enormous expansion in data volumes. Thus, the growing demand for data centers also increases the need for cable tester, which will drive the growth of the global cable tester market during the forecast period.
The high cost of fiber optic cable is a significant challenge hindering market growth. Fiber optic cable enables companies the ability to monitor challenging working conditions and collect highly accurate real-time data. The global cable tester market is witnessing tremendous growth as these cables provide several benefits, including their enormous data transfer and high speed. The cost of the technology is still relatively high. The cost of a fiber optic cable can be very high depending on the applications, the type of cable used, and operating conditions, making it still unaffordable for every business that needs real-time monitoring and sensing. Since the whole fiber optic cable acts as a sensing element, any defect or fault in the cable may cause a lot of problems, and it becomes difficult to reach and fix the issues under difficult environments and terrain conditions.
However, for large networks, such as oil fields and pipelines, the complexity increases drastically. In the case of faults, sometimes the entire cable needs to be replaced, and it takes a lot of time, and demands a lot of money. Also, the maintenance of these sensing systems requires highly skilled workers, which further adds to the maintenance cost. Thus, the high cost of fiber optic cable poses a major challenge to the growth of the global cable tester market during the forecast period.
The market share growth by the home appliance segment will be significant during the forecast period. The home appliance segment holds the largest share of the global cable tester market in 2023. The growing emphasis on energy-efficient products and increasing digital penetration are the key factors that drive the growth of the home appliance segment.
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The home appliance segment was the largest and was valued at USD 234.91 million in 2018. Products with multifunctional features that look simple but modern and aesthetically pleasing are gaining more and more importance. Intense competition in the market forced manufacturers to improve their offers to keep consumers interested and encourage them to replace traditional home appliances with modern ones. Rising incomes, along with rapidly changing preferences, are driving the demand for home appliances with smart features such as Wi-Fi connectivity, voice control, and app control. Technological advancement and rising consumer spending are expected to accelerate the growth of the major home appliances segment in the global cable tester market during the forecast period.
The fiber optic cable segment holds a dominant share in the global cable tester market in 2023. Fiber optic cable is composed of layers of optic glass or plastic that transmit information as light signals. It is widely used for long-distance and high-performance data networking as it has higher bandwidth and transmit speeds. Moreover, the high preference for the telecommunication sector and data centers is expected to accelerate the growth prospects of the fiber optic segment in the global cable tester market during the forecast period. Furthermore, the increasing need for improved connectivity in both residential and commercial sectors will surge the demand for fiber optic cable segment. Therefore, all such factors drive the growth of the fiber optic cable segment in the global cable tester market during the forecast period.
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North America is estimated to contribute 37% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. North America is the largest market for cable tester globally, mainly because of the increasing need for intra and inter-data center communications in industries in this region. The growing need for high-speed Internet connectivity and expanding IT and telecommunications in the US and Canada are major driving factors for the growth of the regional cable tester market. The major countries that contribute to the growth of the cable tester market in North America are the US and Canada. Furthermore, telecommunication companies are investing in expanding their cable testers to different locations for faster broadband speeds and to improve overall network performance.
Additionally, the introduction of 5G technology has accelerated the requirement for reliable and high-capacity networks, which are offered by single-mode fiber optic cable. Cable testers are capable of supporting 5G infrastructure as they provide the essential capacity and low latency for the transmission of huge amounts of data. Thus, these factors foster the growth of the regional cable tester market during the forecast period.
The outbreak of COVID-19 in the region negatively impacted the regional economy, especially in the US, in 2020. However, with the easing of lockdown and onsite vaccination drives, the market recovered to some extent in 2021. Furthermore, the rising demand for high-bandwidth connectivity, coupled with the expansion of telecommunication infrastructure, are the factors that will contribute to the cable tester market in North America during the forecast period.
The Cable Tester Market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Cable Tester Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
BAE Systems Plc - The company offers cable tester such as Loop rsistance tester which provides the ability to test cable shielding for all critical and essential systems to increase protection.
AEM Holdings Ltd. - The company offers cable testers such as TestPro CV100 precision cable test, Mixed mode multi port vector network analyzer, and TestPro automotive precision cable test.
Anritsu Corp. - The company offers cable testers such as S331P site master ultraportable cable and antenna analyzer, S331L site master handheld cable and antenna analyzer, and S331E site master compact handheld cable and antenna analyzer.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The cable tester market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018-2028
Cable Tester Market Scope |
|
Report Coverage |
Details |
Page number |
155 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.76% |
Market Growth 2024-2028 |
USD 154.07 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
3.8 |
Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
Performing market contribution |
North America at 37% |
Key countries |
US, Canada, China, Japan, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Additel Corp., AEM Holdings Ltd., Anritsu Corp., BAE Systems Plc, Butler and Land Technologies LLC., DEKRA SE, Dell Technologies Inc., Fluke Corp., Hoyt Electrical Instrument Works Inc., HV Hipot Electric Co., Ltd., JW Fishers Mfg. Inc., Keysight Technologies Inc., Komax Holding AG, Megger Ltd., Microtest Corp., NAC Corp. Ltd., Proton Products International Ltd., Shenzhen NOYAFA Electronic Co. Ltd. , Softing AG, and Teledyne Technologies Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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