Optical communication and networking equipment market is anticipated to grow at a CAGR of 8.5% during the forecast period. The growing initiatives by start-up across the globe is the major factor driving the growth of the market. Start-up companies are establishing fiber optics factories to cater to the demand for fiber optics across the globe. For instance, in July 2020, viaPhoton, Inc., established a fiber-optics factory in Aurora to fulfill the demand for 5G technology. The company supplies fiber optics to data centers and mobile communications companies to expand access to 5G services. This results in the growth of the overall optical communication and networking equipment market.
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The global optical communication and networking equipment market is segmented based on the technology, and vertical. Based on the technology, the market is sub-segmented into WDM, fiber channel, and SONET. Based on the vertical, the market is augmented into the BFSI, government, healthcare, military and defense, IT & telecom, and others. Among these, the fiber channel segment is expected to hold a considerable share of the market due to an increase in the demand for high-speed network technology to connect servers to data storage area networks.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Optical Communication and Networking Equipment Market by Technology
- WDM (Wavelength Division Multiplexing)
- Fiber Channel
- SONET (Synchronous Optical Network)
Global Optical Communication and Networking Equipment Market by Vertical
- BFSI
- Government
- Healthcare
- Military and Defense
- IT & Telecom
- Others (Oil and Gas)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- ADTRAN Inc.
- ADVA Optical Networking SE
- Arista Networks, Inc.
- Broadcom Inc.
- Calix, Inc.
- Ciena Corp.
- Cisco Systems, Inc.
- Coherent Corp.
- Corning Inc.
- Fujitsu Ltd.
- Huawei Technologies Co., Ltd.
- Infinera Corp.
- Juniper Network, Inc.
- Lumentum Holdings Inc.
- Microchip Technology Inc.
- Nec Corp.
- Nokia
- ZTE Corp.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global optical communication and networking equipment market. based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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