Optical Network & Communications Equipment Market by Component, Technology, Application, Data Rate, Vertical, and Region – Global Forecast through 2027 – ResearchAndMarkets.com

DUBLIN – (COMMERCIAL LINE) – The optical network and communications equipment market by component (fiber, transceiver and switch), technology (WDM, Fiber Channel), application (telecom, data center and enterprise), data rate, vertical and region (2022-2027 ) “was added to the report by ResearchAndMarkets.com offer.

The global optical network and communications equipment market was estimated at $ 24.2 billion in 2022 and is projected to reach $ 36.6 billion by 2027, growing at a CAGR of 8.6% from 2022. to 2027.

Up to 40 Gbps – the fastest growing segment of the optical network and communications equipment market.

Optical and network communications equipment with data rates up to 40 Gbps accounted for the largest market share of around 49% in 2021. As network capacity increases, the Element Management System (EMS) requires a greater reliability. Data rates of up to 40Gbps provide reliable monitoring technology for large-capacity networks. In addition, the market for optical communications and networking equipment with data rates above 100Gbps is expected to grow with the highest CAGR of 9.8% during the forecast period. With the rapid development of 5G and the high-performance services offered by cloud networks, the demand for higher bandwidth devices with data rates above 100Gbps is expected to increase in the near future.

Data Center: The fastest growing application in the optical communications and networking market.

The data center application is expected to dominate the market throughout the forecast period. The application is also expected to grow at the highest CAGR during the forecast period. Data centers are used for commercial purposes of OTT platforms, which are constantly in demand and are rapidly increasing. The increase in the number of OTT platforms (Netflix, HBO, Disney and Amazon Prime) over the course of the year is expected to boost the data center market going forward.

Cloud Segment: The fastest growing vertical market in the optical communications and network equipment market during the forecast period.

The optical communications and network equipment market segment is expected to grow at the highest CAGR during the forecast period. Cloud computing has become an essential part of the business landscape. In this regard, several companies are adopting complex IT solutions. The ever-increasing weight of digital devices increases the demand for data storage space, transmission speed and flexibility. These factors are fueling the adoption of optical communication and networking equipment in cloud computing, which supports high data transmission and offers high switching speed and large data storage.

The Americas: the largest region in the optical network and communications equipment market in 2021.

The Americas accounted for the largest share of approximately 40% of the optical network and communications equipment market in 2021. The Americas emerged as a major data center and cloud computing hub. Therefore, it is the largest consumer in the optical network and communications equipment market. Factors such as the strong presence of large 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 the growing popularity of data centers are driving the growth of the optical communications and networking equipment market in this region. Additionally, high defense spending and the presence of several major market players in the United States are key factors supporting market expansion in the region.

Market dynamics

Drivers

  • The demand for compact and energy efficient transceivers is increasing

  • Increasing adoption of cloud-based services and virtualization globally

  • Growing number of data centers

Restrictions

  • High initial investment

  • Greater network complexity

Chance

  • Expansion of telecommunications infrastructure in developing economies

  • Implementation of Voip, LTE and 5G networks

  • Expansion of networks in developing countries

  • Adoption of the IoT

Challenges

  • Ever-changing customer demands for portable and high-speed devices

  • Vulnerability of optical networks to hacking

  • Susceptibility of optical fibers to physical damage and transmission losses

Companies mentioned

  • Adtran, Inc.

  • Adva optical network

  • Alcatel-Lucent Enterprise

  • Arista Networks, Inc.

  • Broadcom

  • Calix, Inc.

  • Ciena Corporation

  • Cisco Systems, Inc.

  • Corning

  • Fujitsu

  • Huawei Technologies Company, Ltd.

  • Ii-Vi Incorporated

  • Infinera Corp.

  • Juniper Network, Inc.

  • Lumentum Holdings Inc.

  • Microchip

  • Nec Corporation

  • Neophotonics Society

  • Nokia

  • Tape communications

  • Right to win

  • Connectivity

  • Telefonaktiebolaget Lm Ericsson

  • Zte Corporation

For more information on this report, please visit https://www.researchandmarkets.com/r/yen5mc

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