The global optical communication and networking equipment market size is expected to reach USD 34.47 Billion in 2028 and register a steady revenue CAGR of 8.4% over the forecast period, according to latest analysis by Emergen Research.
Market revenue growth can be attributed to rising demand for high-speed network connectivity, increasing usage of smartphones and network connected devices, as well as increasing number of Internet users. These factors are further boosting adoption of optical communication and networking equipment, owing to increasing focus of companies on wavelength transmission of network connection.
Rising investments by major players in technological advancements such as Artificial Intelligence (AI)-based systems, cloud computing, and Internet of Things (IoT) are expected to further boost market growth during the forecast period. Rising demand for wearable devices, virtual services, and increasing need for network connectivity across commercial, institutional, and industrial sectors are also driving utilization of optical communication and networking equipment.
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A novel report on global Optical Communication and Networking Equipment market is offering current developments and emerging trends of the market. The report offers a comprehensive overview of the market along with details about market size, market share, revenue growth, and top companies.
The report covers all crucial and essential information related to global Optical Communication and Networking Equipment market to help readers, investors, clients to gain a thorough understanding of the market and invest accordingly. Various advanced statistical tools such as SWOT analysis or Porter’s Five Forces are used in the report.
Key Highlights from the Report
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Optical transceivers segment accounted for the largest revenue share in the optical communication and networking equipment market in 2020.
Increasing development of high-speed networking technology to store data on servers to reduce the traffic would propel growth of this segment. Optical transceivers convert electrical data signals from data switches into optical signals.
WDM segment is expected to grow at a fast pace during the forecast period.
Increasing demand for high-speed networks is further boosting demand of fiber optic transmission technique which enables multiple wavelengths to transmit data on the same medium. It is resulting in increasing shift towards wavelength division multiplexing in the optical communication and networking equipment
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Emergen Research has segmented global optical communication and networking equipment market on the basis of component, technology, application, end-use, and region:
Component Outlook (Revenue, USD Billion; 2021–2028)
Optical Fibers
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
Enterprise
End-use Outlook (Revenue, USD Billion; 2021–2028)
BFSI
IT & Telecommunication
Healthcare
Commercial
Energy & Utilities
Others
Competitive Terrain:
The Global Optical Communication and Networking Equipment Market is highly consolidated due to the presence of a large number of companies across this industry. The report discusses the current market standing of these companies, their past performances, demand and supply graph, production and consumption patterns, sales network, distribution channels, and growth opportunities in the market at length. The report scrutinizes the strategic approach of key market players towards expanding their product offerings and fortifying their market foothold.
Key players in the market 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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Regional segmentation comprises of a current and forecast estimation of the market in the key geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Regional Outlook of Optical Communication and Networking Equipment Market:
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
Italy
France
BENELUX
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
U.A.E.
South Africa
Rest of MEA
Key Questions Addressed in the Report:
Who are the leading players in the Optical Communication and Networking Equipment industry?
Which region is expected to dominate the market in the coming years?
What are the key applications of Optical Communication and Networking Equipment?
Which segment is expected to garner traction during the coming years?
What are the key strategies adopted by leading players in the market?
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