The global optical
communication and networking equipment market size 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. Rising adoption of cloud-based
services and virtualization services all over the world, increasing data
traffic due to increased internet usage, and growing number of data centers are
the factors driving the optical communication and networking equipment industry
growth.
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WDM technology to dominate the
Optical Communication and Networking Equipment Market
WDM technology-based optical communication and networking
equipment accounted for the largest market share in 2019 The development of
ROADM-based WDM networking solutions is one of the emerging trends in the
global optical networking and communications market. Manufacturers are
investing huge capital in building WDM ROADM-based optical equipment so that
they can provide faster and higher transmission capacity networks to their
customers. Therefore, WDM technology is expected to continue to hold the
largest market share during the forecast period.
The market of greater than 100
Gbps data rate to grow at highest CAGR during the forecast period
The market for optical communication and networking equipment
with greater than 100 Gbps data rate is projected to grow at the highest CAGR
during the forecast period. With the rapid development of 5G and
high-performance services brought by cloud networks, the demand for higher
bandwidth devices with a data rate of greater than 100 Gbps is expected to grow
during the forecast period. Optical communication and networking devices with
greater than 100 Gbps data rates are designed for providing data security in
high-capacity broadband networks, short-haul enterprise and campus networks,
high-bandwidth connectivity for DCI and cloud computing, and metro and
long-haul network applications up to 2,500 km.
The optical
communication and networking equipment market in APAC to grow at the highest CAGR
during the forecast period
APAC
is projected to hold the largest share of the market, in terms of value, during
the forecast period, Asia Pacific is a major hub for consumer electronics,
automotive, and industrial verticals. This region has become a global focal
point for significant investments and business expansions. Users in this region
have upgraded their connectivity solutions from 3G to 4G technology. Asian
markets encourage the development of 5G mobile technologies, with commercial
deployments planned in Japan and China by 2020.
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Key Market Players
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). The key innovators in the market are Lumentum Operations (US), Calix (US),
Oclaro (US), Arista Networks (US), NeoPhotonics (US), Mitsubishi Electric
(Japan), and ECI Telecom (Israel).
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