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Press Release

The global optical communication and networking equipment market accounted for a value of USD 16.3 billion in 2019 and is projected to register growth at a CAGR of 7.3% during forecast period.

COVID-19 has impacted the optical communication and networking equipment market. The manufacturing units have to halt its production due to lockdown and the supply chain is disrupted and the export and import activities are suspended due travel restriction. The China account for largest market value in optical fiber industry and the outbreak of corona virus is took place in Wuhan, China for the first time and this has disrupted China’s market in optical fiber industry.

For more details, visit: Global Optical Communication and Networking Equipment Market By Technology (CWDM, WDM, Others), By Component (Optical Amplifiers, Optical Transceivers, Others), By Application, By End-Users, By Region, Forecast & Opportunities to 2026

The demand and adoption for virtual services such as cloud computing is increasing in the market rapidly. This increases requirement for high transmission networks around the world. The number data centers are also increasing around the world. This increases demand and adoption of optical communication and networking equipment and drives growth in this market during forecast period.

On the basis of technology, the optical communication and networking equipment market is segmented into CWDM, WDM, DWDM, SONET and Fiber Channel. The WDM technology is estimated to dominate the market during forecast period. The ROADM-based WDM networking solutions is developing in the market. The manufacturers investing huge amount in building WDM ROADM based equipments in order to provide higher and faster transmission networks to consumers. The market for WDM technology is growing and this drives growth in this segment during forecast period.

On the basis of component, the optical communication and networking equipment market is segmented into optical amplifiers, optical transceivers, optical fibers and others. The optical transceivers segment is estimated to register growth at highest CAGR during forecast period. The adoption of various new applications such as IoT, cloud computing and wearable devices is widely increasing around the world. The penetration of internet is increasing and data traffic is increasing. This increases demand for optical transceivers and drives growth in optical transceivers segment during forecast period.

On the basis of component, the optical communication and networking equipment market is segmented into telecom, enterprise and data centre. The data center segment is estimated to grow at highest CAGR during forecast period. The adoption of cloud computing is rapidly increasing around the world. The demand for high speed internet is increasing around the world as the use of smartphones is widely increasing. The market for connected devices is also rapidly growing and the data traffic is increasing. This increases demand for optical communication and networking equipment in data center application during forecast period.

Asia-Pacific region is estimated to register growth at highest CAGR during forecast period. The market for consumer electronics, industrial and automotive sectors is rapidly increasing in this region. The manufacturers are investing in this region at large scale and businesses are expanding in this region. The connectivity solutions are upgrading their connectivity solutions. The 5G mobile technologies are developing rapidly in this region and adoption for smartphones, connected devices and other electronic gadgets are increasing in this region. This increases market for optical communication and networking equipment and drives growth in Asia-Pacific region during forecast period.

The key market players in optical communication and networking equipment industry are Huawei Technologies Company, Cisco Systems, Ciena Corp., Nokia, Finisar Corp., ZTE Corp., ZTE Corp., Adtran Inc., Infinera Corp., Fujitsu Ltd., Adva Optical networking, Broadcom, NEC, Ericsson, Juniper Network Inc., Corning, Arista, Microchip and TE Connectivity.

FAQ

  • What are the expected industry trends over the next three to five years?
  • Which of the optical communication and networking equipment technology is likely to lead by 2025?
  • Which of the end-user segments is expected to have the maximum potential to during the forecast period?
  • Which region is going to have the highest smart meters market share by 2025?
  • What are different organic and inorganic strategies implemented by companies to gain increased market share?

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