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.
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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.
Regional Overview
optical networking market based companies in the
optical network hardware market are functioning across North America, Europe,
Asia Pacific, the Middle East, and Africa including the rest of the world. High
demand across industry verticals will be a key growth driver for regional markets.
However, the increasing demand and supply gap will turn out to be a threat. For
the forecast period 2018 to 2023 each of these regional markets are studied in
the report. Starting from North America, the regional market and optical
networking vertical based companies are spread across the United States,
Canada, and Mexico. The shifting preference for cheaper alternatives will turn
out to be a major challenge from 2018 to 2023.
Parts of the European market covered in the report
are regional markets spread across the United Kingdom, France, Italy, and
Germany. The market in the region will be benefitted by the growing
urbanization as well as technological advancements, suggests the report.
Similarly, the optical networking sector’s segmental analysis for the Asia
Pacific region covers India, Japan, China, and others. For the rest of the
world, the research report for the optical network hardware market covers the
Middle East and Africa. Forecast based on the report’s findings are presented
for the forecast period till 2023.
Competitive Landscape
The global optical network hardware market research
report brings a comprehensive study of equipment and applications market
segments, regional analysis, and optical networking vertical based company
details of key players. As the forecast period 2018 to 2023 will bring new
opportunities for the market owing to the rapidly growing population and the
rise in distribution channels, the market is set to grow at a compound annual
growth rate of 13.85% and is predicted to reach a value of US$32 billion by
2023. With SWOT analysis of optical networking sector based companies and
Porter’s Five Force model analysis based findings, and understanding challenges
such as the low demand from developing countries and high initial investments,
companies in the optical networking sector can change the way business is done.
Industry News
Alcatel-Lucent has agreed to buy Tropic Networks, a
Canadian manufacturer of metro optical network devices, for an undisclosed
amount. Alcatel-Lucent has agreed to buy Tropic Networks, a Canadian
manufacturer of metro optical network devices, for an undisclosed amount. Since
2004, Alcatel-Lucent has become a Tropic investor and reseller. Tropic
specializes in metro wavelength division multiplexing equipment with
proprietary optical layer control and tracking technologies that simplifies
service provisioning while also increasing network performance and lowering
maintenance costs.
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