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
Furthermore, the report provides a comprehensive analysis of the factors that are likely to bolster or impede the growth of the market in the coming years. The report considers the COVID-19 pandemic that is currently unfolding as a key market influencer. The report provides a thorough estimation of the overall impact of the pandemic on the Optical Communication and Networking Equipment market and its vital segments. The report also discusses the impact of the pandemic across different regions of the market. It also offers a current and future assessment of the impact of the pandemic on the Optical Communication and Networking Equipment market.
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Some Key Highlights from the Report
- In January 2021, Fujitsu Frontech North America Inc. launched FUJITSU cash automated solution called SmartCASH as part of S3. SmartCASH full recycling payment module is the world’s most compact standard capacity banknote and coin recycler on the market. It is designed to be deployed quickly for in-counter Point-Of-Sale (PoS) cash automation or as a complete free-standing self-checkout configuration.
- 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
The report further divides the Optical Communication and Networking Equipment market into key segments such as types, applications, end-user industries, technologies, and key regions of the market. The report also sheds light on the segment and region exhibiting promising growth in the Optical Communication and Networking Equipment market.
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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
Technology Outlook (Revenue, USD Billion; 2021–2028)
- Fiber Channel
Application Outlook (Revenue, USD Billion; 2021–2028)
- Data Center
End-use Outlook (Revenue, USD Billion; 2021–2028)
- IT & Telecommunication
- Energy & Utilities
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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The report also studies the key companies of the Optical Communication and Networking Equipment market along with analysis of their business strategies, M&A activities, investment plans, product portfolio, financial standing, gross profit margin, and production and manufacturing capacities.
Some players analyzed in the report are:
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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Key Questions Answered by the Report:
Which region is expected to dominate the market in the coming years?
What are the recent technological and product advancements occurring in the market?
What are the key strategies adopted by the prominent players in the Optical Communication and Networking Equipment market?
What are the key product types and applications of the Optical Communication and Networking Equipment industry?
What is the outcome of SWOT analysis and Porter’s Five Forces analysis?
How is the competitive landscape of the Optical Communication and Networking Equipment market?
Who are the key players in the industry?
What is the growth rate of the industry over the coming years?
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