Optical Network Hardware Market Overview:
According to Market
Research Future Analysis, Optical Network Hardware Market has been
valued at approx. USD 32 billion by the end of forecast period with 13% of CAGR
during forecast period 2017 to 2023. Optical Network Hardware market, by
equipment is segmented as WDM (Wavelength-division multiplexing) and SONET/SDH.
The WDM accounted for the largest market share of 69% in 2017. The segment is
anticipated to grow at value CAGR of 15% during the forecast period to reach
USD 24 Billion by 2023. SONET/SDH is the second largest segment by equipment
and is expected to grow at a CAGR of 10.45% during forecast period 2017-2023.
Key Players
Market Research Future
(MRFR) recognizes the following companies as the key players in the Optical
network hardware market – Huawei Technologies, Ciena Corporation, Alcatel
Lucent, Infinera, Cisco systems, ADTRAN, ADVA Optical Networking, Ericsson, and
ZTE Corporation.
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Some of the protuberant
drivers supporting the growth of global Optical Network Hardware market are
identified as, growing demand of fiber optic network for datacenters,
advancement in Li-Fi wireless connectivity and increased FTTH broadband
internet penetration. However, lack of infrastructure in developing and
under-developed countries and higher cost of transition and maintenance from
existing cable are some of the restraining factor for the Optical Network
Hardware market.
Segmentation
Optical network hardware
Market is segmented by equipment and application.
Based on equipment, Optical
network hardware market is bifurcated into WDM and SONET/SDH. And on the basis
of application, the market is segmented into broadband infrastructure,
datacenter, fiber optic network and smart cities.
The global market for
broadband is increasing with the growing rate of internet and smartphone
penetration. Broadband infrastructure comprise of wired technologies and
wireless technologies, out of which FTTP (Fiber to the Premise) accounts for
nearly 7% of global broadband subscriptions, thereby increasing the growth
opportunity for optical network hardware market.
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