Market Scenario
Global Optical Network Hardware market was valued at USD 14 Billion in 2017. The market is projected to reach market value of USD 32 Billion by 2023, expanding at a CAGR of 13.85% over the forecast period. The growth in cloud services, increasing use of connected virtual devices, and proliferation of mobile services of Wi-Fi, and 3G or 4G technology are some of the major factors driving the growth of optical networking. However, lack of Infrastructure in developing and under-developed countries and higher cost of transition and maintenance from existing cable are some factors hindering the market growth.
Optical networking is a technique which carries digital information via light waves over fiber optic cables. Advent of WDM supports in transmitting data using multiple wavelengths of light using different frequencies over a single optical fiber. According to MRFR analysis, the growth in cloud services, increasing demand of high bandwidth services, and rising IoT has driven the demand for optical transport networking systems. The increasing usage of internet for personal and commercial purpose by consumers has increased the network traffic. To address this issue, consumers are deploying additional systems to existing optical networks. Today, many applications have transformed from function specific dedicated hardware platforms to virtualized services deployed within cloud datacenters.
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By Equipment segment, Wavelength-Division Multiplexing is most commonly used technology that helps in multiplexing of number of optical fiber carrier signals into a single fiber optic cable by using different wavelengths of light. The biggest advantage WDM provides is that it can carry multiple wavelengths in a single fiber cable. For enterprises, it provide various advantages or benefits such as full duplex transmission, similar optical network hardware components are used, and provides high security. The multiplexing provides an additional benefit of higher bandwidth which is helpful in achieving the high speed internet across the optical fiber channel.
Key Players:
The prominent players in Optical Network Hardware Market are – Huawei Technologies, Ciena Corporation, Alcatel Lucent, Infinera, Cisco systems, ADTRAN, ADVA Optical Networking, Ericsson, and ZTE Corporation.
Industry News
October 2018 – Ciena is set to expand by adding new adaptive IP capabilities coupled with coherent optics and purpose-built hardware platforms in its packet networking portfolio. The new additions have been designed keeping mind 5G deployments along with cable industry’s fiber deep and business services initiatives.
Global Optical Network Hardware Market: Segmental Analysis
The global optical network hardware market has been segmented on the basis of equipment and application. Based on equipment, the global optical network hardware market has been segmented into WDM and SONET/SDH. The wavelength-division multiplexing (WDM) segment commands for the major share of the global optical network hardware market and generated the highest market revenue of USD 10 Bn in the year 2017. This segment is also marked to expand at a CAGR of 15% during the forecast period of 2017-2023. Based on application, the global optical network hardware market has been segmented into broadband infrastructure, datacenter, fiber optic network and smart cities. Among these, the broadband infrastructure segment commands the major share of the global optical network hardware market owing to the growing rate of internet and smartphone penetration all over the world. However, the datacenter segment is marked to project fastest growth at a CAGR of 15% in the global optical network hardware market during the assessment period.
Global Optical Network Hardware Market: Regional Analysis
Geographically, the global optical network hardware market has been segmented into four major regions such as North America, Asia Pacific (APAC), Europe, and the Middle East and Africa. The North America region commands the major share of the global optical network hardware market. The optical netwrok hardware in this region generated the market revenue of USD 8 Bn in the year 2017 and in anticipated to expand at a noteworthy CAGR of 13% during the assessment period. High demand for internet connectivity, easy adoption of technologically advanced solutions and devices, increased utilization of smartphones by the population of all age groups and increasing number of optical network hardware manufacturers are majorly propelling the growth of the optical network hardware market in the North America region. The optical network hardware market in the Asia Pacific region is marked to project fastest growth at a CAGR of 15% during the assessment period owing to the increased manufacturing and export of hardware component as a result of increasing availability of raw materials and cheap labor in the emerging economies, high penetration of smart phones and increased demand for improved connectivity in this region.
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Intended Audience
- Raw material providers
- Component manufacturers
- Original equipment manufacturers (OEMs)
- Integrated device manufacturers (IDMs)
- Original design manufacturers (ODMs)
- Assembly, testing, and packaging vendors
- Suppliers and distributors
- Government
- Technology investors
- Research institutes
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