As per a study by Persistence Market Research, from US$ 22 Billion in 2022 to US$ 44.5 Billion in 2032, the global optical communication and networking equipment market is predicted to grow at a 7.3% CAGR from 2022 to 2032. 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 some factors that are expected to accelerate the growth of optical communication and networking equipment market during the forecast period.
Major factors such as surge in data traffic owing to the increased internet usage, increasing number of data centers, and rise in adoption of cloud based as well as virtualization services fuels growth of the market. In addition, an increase in demand for advanced network equipment due to COVID-19 pandemic is anticipated to propel the growth of the market during the analysis period.
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The acceleration in deployment of VOIP, LTE, and 5G networks is expected to provide lucrative opportunities for the market growth. In addition, rise in adoption of AI and IoT is anticipated to be opportunistic for the growth of the optical communication and networking equipment industry during the forecast period. Moreover, the market is expected to witness a recovery in its growth rate in the coming years, owing to the growing focus of organizations to fulfill upsurge in demand for telecommunication equipment driven by rapid acceleration in 5G deployment across the globe.
Key Takeaways from the Market Study
- Global optical communication and network equipment market to experience 2x growth until 2032
- By component, optical fibers to experience a CAGR of 6.8% during the forecast period.
- On the basis of technology, the WDM category to document a CAGR of 6.7% from 2022-2032
- U.S is expected to be worth US$ 15.6 Billion in 2032, with a CAGR of 6.9% over the forecast period.
- China to yield a dollar opportunity worth US$ 1.6 Billion from 2022-2032, expanding at a 6.8% CAGR
- Japan and U.K to garner market values worth US$ 2.7 Billion and US$ 1.9 Billion by 2032
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Competitive Landscape
Major players such as Arista Networks, Inc., Cisco System Inc., Fujitsu Optical Components Limited, Huawei Technologies Co., Ltd., Juniper Networks, Inc., Mitsubishi Electric Corporation, NEC Corporation, Nokia Corporation, Telefonaktiebolaget LM Ericsson, and ZTE Corporation, among others are expected to dominate the market share in terms of revenue.
- In October 2020, Fujitsu Optical Components Limited (FOC) announced their new product, a 400G ZR+ transceiver that enables coherent WDM transmission greater than 120km in the same form factors (QSFP56-DD and OSFP) as its 400G ZR transceiver. Both transceivers use advanced coherent technology to enable higher bandwidth capacity and lower cost per bit compared to existing 100G WDM technology.
- In March 2020, Ribbon Communications Inc., a global software leader in secure and intelligent cloud communications, completed its previously announced acquisition of ECI Telecom Group Ltd. (ECI), a global provider of end-to-end packet-optical transport and SDN/NFV solutions for service providers, enterprises, and data center operators.
Key Segments Covered in the Optical Communication and Networking Equipment Market Report
Optical Communication and Networking Equipment by Component
- Optical Communication and Networking Fibers
- Optical Communication and Networking Transceivers
- Optical Communication and Networking Amplifiers
- Optical Communication and Networking Switches
- Optical Communication and Networking Splitters
- Optical Communication and Networking Circulators
- Optical Communication and Networking Sensors
- Other Optical Communication and Networking Equipment
Optical Communication and Networking Equipment by Technology
- WDM-based Optical Communication and Networking Equipment
- CWDM-based Optical Communication and Networking Equipment
- DWDM-based Optical Communication and Networking Equipment
- SONET-based Optical Communication and Networking Equipment
- Fiber Channel-based Optical Communication and Networking Equipment
Optical Communication and Networking Equipment by Vertical
- Optical Communication and Networking Equipment for BFSI
- Optical Communication and Networking Equipment for Government
- Optical Communication and Networking Equipment for Healthcare
- Optical Communication and Networking Equipment for Cloud
- Optical Communication and Networking Equipment for Energy & Utilities
- Optical Communication and Networking Equipment for Other Verticals
Optical Communication and Networking Equipment by Data Rate
- Optical Communication and Networking Equipment Up to 40 Gbps
- Optical Communication and Networking Equipment Greater Than 40 Gbps to 100 Gbps
- Optical Communication and Networking Equipment Greater Than 100 Gbps
Optical Communication and Networking Equipment by Application
- Optical Communication and Networking Equipment for Telecom
- Optical Communication and Networking Equipment for Data Centres
- Optical Communication and Networking Equipment for Enterprises
Optical Communication and Networking Equipment by Region
- North America Optical Communication and Networking Equipment Market
- Europe Optical Communication and Networking Equipment Market
- Asia Pacific Optical Communication and Networking Equipment Market
- Middle East and Africa Optical Communication and Networking Equipment Market
- Latin America Optical Communication and Networking Equipment Market
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