Global Optical Communication and Networking Market
The Optical Communication and Networking Market was valued at USD 13.95 billion in 2016 and is projected to reach USD 28.71 billion by 2025, growing at a CAGR of 8.35% from 2017 to 2025.
Optical communication is any type of communication in which light is used to carry the signal to the remote end, instead of electrical current whereas Optical networking is a means of communication that uses signals encoded onto light to transmit information among various nodes of a telecommunications network. Benefits of optical communication and network includes they do not have speed limits or bandwidth limitations, support duplex communication, flexible, low power loss, high security, and are immune to electromagnetic interference.
1. Market Drivers
1.1 Advancements in VoIP, LTE, 5G networks
1.2 Rising adoption of IoT
1.3 Increasing number of data centers
1.4 Growing internet penetration and data traffic
1.5 Increasing adoption of cloud-based services and virtualization
1.6 Extension of networks
2. Market Restraints
2.1 Increasing threat to optical network security due to fiber hacks
2.2 Transmission losses and physical damage
2.3 High investment cost
2.4 Rising network complexity
The Optical Communication and Networking Market is segmented on the technology, component, application, and region.
1.1 Fiber Channel
2. By Component:
2.1 Optical Fibers
2.2 Optical Splitters
2.3 Optical Circulators
2.4 Optical Amplifiers
2.5 Optical Transceivers
2.6 Optical Switches
3. By Application:
3.1 Data Center
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
1. Fujitsu Optical Components
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Optical Communication and Networking Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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