Optical Networking and Communication Market Revenue, Opportunity, Forecast and Value Chain 2018 – 2023 by Major Players: Huawei Technologies, Cisco, Verizon, Ericsson and Ciena

Optical networking and communication market study refers to the type of communication network in which transmission of data or information takes place through optical fiber as the communication medium. Optical communication merely uses light for transmission and is the only initial step in optical networking. Optical networking and communication market includes optical components such as multiplexers, lasers, photo detectors and others. Optical components in optical networking and communication are used to adjust state of light through various means such as changing intensity, reflection, refractive index and others.

A considerable amount of research and development efforts has been spent over the last few decades to add functionality in optical networking and communication market. Optical networking and communication systems are basically meant to accomplish the long distance communication requirements.

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The different network hardware in optical networking and communication market are optical transreceivers, fiber optic sensors, optical fiber splitters, optical combiners, optical reflectors and others. On the basis of technology, optical networking and communication market can be categorized into wavelength division multiplexing (WDM), time division multiplexing (TDM), fiber channel, synchronous optical networking, synchronous digital hierarchy (SDH) and others. Wavelength division multiplexing is a technique in which the prism split beam of light into different wavelength which can travel through longer distances. The optical networking and communication market finds application in submarine, oil and gas, defense and aerospace, energy and utilities, mining, healthcare and others.

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Increasing demand for high bandwidth is accelerating the growth of optical networking and communication market. Fiber optic cables that are generally used in optical networking and communication market are capable of achieving extremely high bandwidth. Increase in data traffic can create congestion that can be optimized by using high bandwidth and appropriate frequency in optical networking and communication system. A fiber optic cable used in optical networking and communication has less attenuation and dispersion thus making light to travel long distances with less scattering losses and crosstalk. Optical fiber has benefits over traditional copper wires in terms of maintenance, resistance, speed and others. Growing internet and communication network demands for the transmission of information over large geographical areas depicts a healthy expansion of optical networking and communication market.

Factors driving the growth of optical networking and communication market are large bandwidth provided by WDM at comparatively lower cost per unit, increasing telecom industries, industry growth for broadband subscribers, rise in adoption of cloud based services, growing deployment for data or call centers, growing demand for 100G and others. Some of the factors restraining the market are high cost of installation, lack of product knowledge to end users, inadequate incorporation of synchronous optical network layers.

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Some of the major competitors in the optical networking and communication market are Huawei Technology Co. Ltd, Cisco systems, Verizon Communications Inc, Ericsson Inc, Alcatel-Lucent, Inc., CIENA Corporation, JDS Uniphase Corporation, Macom technology Solutions Holdings Inc.

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