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5G network deployment and growing demand for high-speed connectivity are key factors driving the revenue growth of the global market
— Emerging research
VANCOUVER, BC, CANADA, Aug. 19, 2022 /EINPresswire.com/ — The global optical communication and networking equipment market size is expected to reach USD 34.47 billion in 2028 and register revenue CAGR stable at 8.4% over the forecast period. Growing demand for high-speed network connectivity, growing use of smartphones and other network-connected devices, as well as increasing number of internet users are all contributing factors to the market revenue growth . Due to the increased importance enterprises are placing on wavelength transmission of network connections, these factors are further driving the use of optical communications and networking equipment.
Increasing investments by leading companies in technological advancements such as cloud computing, Internet of Things (IoT) and AI-based systems are expected to further accelerate the market expansion during the period of forecast. The use of optical communications and networking equipment is also fueled by the growing demand for wearable technologies, virtual services and a growing need for network connectivity in the commercial, institutional and industrial sectors.
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Report Highlights
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In 2020, the optical transceiver segment of the optical communication and networking equipment market held the largest revenue share. The growth of this market would be boosted by the continuous development of high-speed networking technology that stores data on servers to reduce traffic. Electrical data signals from data switches are converted to optical signals via optical transceivers.
The WDM segment is expected to grow rapidly over the forecast period. The demand for fiber optic transmission techniques, which allow multiple wavelengths to carry data over a single medium, is increasing along with the demand for high-speed networks. This is causing optical communication and networking equipment to increasingly switch to wavelength division multiplexing.
During the forecast period, the data center segment is expected to contribute significantly to the revenue. The optical communication and networking equipment market is driven by increasing use of cloud-based systems, increase in high-speed network connectivity and high data traffic caused by growing use of smartphones and other devices connected to the network.
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Emergen Research has segmented the global optical communication and networking equipment market based on component, technology, application, end-use, and region:
Components Outlook (Revenue, USD Billion; 2021-2028)
Optical fiber
Optical transceivers
Optical amplifiers
Optical circulators
Optical sensors
Others
Technology Outlook (Revenue, USD Billion; 2021-2028)
SONET
Fiber Channel
WDM
Application Outlook (Revenue, USD Billion; 2021-2028)
Telecom
Data center
Company
End-Use Outlook (Revenue, USD Billion; 2021-2028)
BFSI
IT & Telecommunications
Health care
Commercial
Energy and Utilities
Others
Competitive field:
The global optical communication and networking equipment market is highly consolidated owing to the presence of a large number of companies in this industry. The report examines in detail the current position of these companies in the market, their past performance, supply and demand graph, production and consumption patterns, sales network, distribution channels and opportunities. growth in the market. The report examines the strategic approach of leading market players to expand their product offerings and strengthen their market presence.
Major market players include Cisco, Fujitsu Optical Components, Huawei Technologies Co., Ltd., Ciena Corporation, Finisar Corporation, Ericsson, Nokia Corporation, Juniper Network, Broadcom Corporation, Infinera Corporation, NEC Corporation, and Adtran Inc.
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The regional segmentation includes current and forecast estimation of the market in key geographical regions such as North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
Regional Outlook for the Optical Communication and Networking Equipment Market:
North America
WE
Canada
Mexico
Europe
Germany
UK
Italy
France
BENELUX
The rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East and Africa
Saudi Arabia
United Arab Emirates
South Africa
Rest of MEA
Summary of key points from the report:
The report offers a comprehensive overview of the market size, share, and growth rate over the forecast duration.
It provides details of the current scenario, historical data, giving an accurate forecast of the market for the coming years.
The study categorizes the market based on product types, applications, end users, market value and volume, industry verticals, and 5 major regions.
It also offers regional market analysis and forecasts for the major geographies of the industry i.e. North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. .
Industry supply chain, sourcing strategy, upstream raw materials and downstream demand analysis have also been undertaken in the research report.
The study offers a comprehensive understanding of demand and supply dynamics, including production and consumption rates, and overall market mapping.
The report uses different analytical tools including SWOT analysis, Porter’s five forces analysis, and price analysis to provide accurate market insights.
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