Optical Test Equipment: Global Markets
The global market for optical test equipment was $692.0 million in 2014. The market is expected to reach $947.2 million by 2020 from $729.8 million in 2015, increasing at a compound annual growth rate (CAGR) of 5.4% from 2015 through 2020.
Telecommunication and broadband as a segment of this market is expected to grow from $243.7 million in 2015 to $292.2 million in 2020 at a CAGR of 3.7% for the period 2015-2020.
Semiconductor and electronics as a segment of this market will grow from $102.2 million in 2015 to $140.9 million at a CAGR of 6.6% for the period 2015-2020.
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