Overview and Scope
Optical communication and networking equipment refers to a range of devices and components used to transmit, receive, amplify, and manage optical signals for communication purposes. These equipment leverage the properties of light, typically in the form of laser-generated optical signals, to carry data over long distances through optical fibers or free-space optical links. The purpose of optical communication and networking equipment is to facilitate the transmission of data over long distances at high speeds using light signals.
Sizing and Forecast
The optical communication and networking equipment market size has grown rapidly in recent years. It will grow from $25.03 billion in 2023 to $27.8 billion in 2024 at a compound annual growth rate (CAGR) of 11.1%. The growth in the historic period can be attributed to the rise of the internet and digitalization, telecommunication companies upgrading their infrastructure, technological innovations in fiber optics, the proliferation of cloud computing services, and globalization of businesses.
The optical communication and networking equipment market size is expected to see rapid growth in the next few years. It will grow to $42.59 billion in 2028 at a compound annual growth rate (CAGR) of 11.2%. The growth in the forecast period can be attributed to the widespread deployment of 5G networks, expansion of internet access in developing regions, development of smart city initiatives, the proliferation of AI and ML applications, and expansion of e-commerce platforms. Major trends in the forecast period include the rapid adoption of fiber to the home (FTTH), the emergence of coherent optical technologies, the proliferation of edge computing and networking architectures, the adoption of SDN and NFV technologies, and advancements in silicon photonics technology.
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Segmentation & Regional Insights
The optical communication and networking equipment market covered in this report is segmented –
1) By Component: Optical Fibers, Optical Transceivers, Optical Amplifiers, Optical Switches, Optical Splitters, Optical Circulators, Other Components
2) By Technology: Wavelength Division Multiplexing (WDM), Fiber Channel, Synchronous Optical Network (SONET), Other Technologies
3) By Vertical: Banking, Financial Services And Insurance (BFSI), Government, Healthcare, Cloud, Energy And Utilities, Other Verticals
North America was the largest region in the optical communication and networking equipment market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the optical communication and networking equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing number of data centers is expected to propel the growth of the optical communication and networking equipment market going forward. A data center is a specialized facility designed to house and manage a large collection of computer servers, storage systems, networking equipment, and associated components, such as cooling and power distribution infrastructure. The number of data centers is rising due to increasing demand for digital services, cloud computing, big data analytics, and internet-connected devices, necessitating more infrastructure to store, process, and manage the expanding volume of data generated globally. Optical communication and networking equipment in data centers enable high-speed, low-latency data transmission, supporting the rapid exchange of vast amounts of information essential for efficient operation and connectivity within and between data center facilities. For instance, in May 2023, according to Hedonova LLC, a US-based global fund investing firm, the data center sector saw 209 deals totaling over $48 billion in aggregate value in the year 2021, marking a 40% surge compared to 2020. Therefore, the increasing number of data centers is driving the growth of the optical communication and networking equipment market.
Key Industry Players
Major companies operating in the optical communication and networking equipment market are Huawei Technologies Co. Ltd., Cisco System Inc., Broadcom Corporation, Mitsubishi Electric Corporation, Nokia Corporation, Telefonaktiebolaget LM Ericsson, Fujitsu Optical Components Limited, NEC Corporation, ZTE Corporation, Corning Incorporated, Commscope Holding Company Inc., Juniper Networks Inc., FiberHome Technologies Group, Arista Networks Inc., Ciena Corporation, II-VI Incorporated (Coherent Corp.), Lumentum Holdings Inc., Infinera Corporation, Finisar Corporation, Viavi Solutions Inc., ADTRAN Inc., Ribbon Communications Inc., ADVA Optical Networking SE, Acacia Communications Inc., PacketLight Networks Ltd.
The optical communication and networking equipment market report table of contents includes:
1. Executive Summary
2. Optical Communication And Networking Equipment Market Characteristics
3. Optical Communication And Networking Equipment Market Trends And Strategies
4. Optical Communication And Networking Equipment Market - Macro Economic Scenario
5. Global Optical Communication And Networking Equipment Market Size and Growth
....
32. Global Optical Communication And Networking Equipment Market Competitive Benchmarking
33. Global Optical Communication And Networking Equipment Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Optical Communication And Networking Equipment Market
35. Optical Communication And Networking Equipment Market Future Outlook and Potential Analysis
36. Appendix
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According to the new market research report "Optical Communication and Networking Equipment Market by Component (Fiber, Transceiver, and Switch), Technology, Application (Telecom, Data Center, and Enterprise), Data Rate, Vertical, and Region - Global Forecast to 2025", published by MarketsandMarkets™, the Optical Communication and Networking Equipment Market was valued at USD 18.9 billion in 2020 and is projected to reach USD 27.8 billion by 2025; it is growing at a CAGR of 8.0% from 2020 to 2025.
Ask for PDF Brochure:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=227693036 The optical communication and networking market for optical transceivers is expected to grow the highest CAGR during the forecast period The demand for optical transceivers is expected to grow at the highest CAGR during the forecast period due to the introduction and adoption of new applications such as wearable devices, IoT, and cloud computing owing to the change in consumer needs.
The increasing internet penetration and data traffic are leading to the rapid growth of data centers, along with the need for high transmission networks.
The growth of this market can be attributed to the increasing adoption of cloud computing as a mainstream deployment option and growing demand for high-speed internet by the users of smartphones and other connected devices.
Factors such as the robust presence of major companies in the region; high demand for data communication; increased use of communication devices, such as smartphones, tablets, and VoIP equipment; as well as the growing market for wearable devices and increasing deployment of data centers drive the growth of the optical communication and networking equipment industry in this region.
Browse in-depth TOC on "Optical Communication and Networking Equipment Market"109 – Tables 55 – Figures 193 – Pages Inquiry before Buying:https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=227693036 The major players in the optical communication and networking equipment market are Huawei Technologies Co. (China), Nokia (Finland), Cisco (US), Ciena (US), ADTRAN (US), ZTE (China), Broadcom (US), Finisar (US), Fujitsu Optical Components (Japan), Infinera (US), ADVA Optical Networking (Germany), NEC (Japan), Juniper Networks (US), Ericsson (Sweden), Corning (US), and Coriant (US).
