Optical Communications Market Expected to grow at USD 24 billion Global Industry Analysis by Key Leaders: Verizon, Maxim, Vodafone, Deutsche Telekom, Telefonica, Orange

Market Highlights:

The global optical communications market is presumed to garner USD 24 billion and expand at 9 % CAGR during the forecast period (2017-2023) owing to the increasing demand for next generation of high bandwidth data center, asserts Market Research Future (MRFR). Optical communication refers to the process of sending information at a distance by using light as a carrier. The system comprises a channel, a modulator or transmitter, and a receiver or a photo-detector. The commonly used channel for optical communication is optical fibers which carry optical information to the destination.

The companies such as Verizon Communications (US), AT&T Inc. (U.S), Vodafone Group PLC (UK); Deutsche Telekom AG (Germany), Telefonica, S.A (Spain), Maxim Integrated (U.S), Corning Incorporated (U.S) are leading provider of optical communications in the global market. In 2017, Vodafone Group PLC went into the agreement with Telefonica, S.A to access optic network. Under this agreement, the Vodafone can access the fiber network coverage and look forward for the extension towards ultra-fast broadband and television services.

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Major Key Players
• Verizon Communications (US),
• AT&T Inc. (U.S),
• Maxim Integrated (U.S),
• Vodafone Group PLC (UK);
• Deutsche Telekom AG (Germany),
• Telefonica, S.A (Spain),
• Orange (France),
• Telkom SA SOC Ltd. (South Africa),
• Telstra Corporation Ltd. (Australia),
• Singapore Telecommunications Limited (Singapore),
• Hetzner Online GmbH (Germany),
• Corning Incorporated (U.S)
are leading provider of optical communications in the global market. In 2017, Vodafone Group PLC went into the agreement with Telefonica, S.A to access optic network. Under this agreement, the Vodafone can access the fiber network coverage and look forward for the extension towards ultra-fast broadband and television services.

According to MRFR, The Global Optical Communications Market is expected to grow at USD 24 billion by 2023, at a CAGR of ~9% during the forecast period 2017-2023.

Regional Analysis:

Geographically, the optical communications market span across regions namely, North America, Asia Pacific, Europe, and Rest-of-the-World.
Among all the regions, the North American region is considered to be one of the leading regions in terms of market share. The optical communication market has tremendous demand in this region owing to the rising data rates that enable rise in data collection and reduction in operational complexity.
The optical communication market in the European region is presumed to register rapid growth in the assessment period owing to the presence of highly advanced telecommunication network in this region.
Asia Pacific is an emerging region for optical communication market and is presumed to register the highest CAGR during the assessment period owing to the increasing focus of leading market players on targeting optical communications to meet the customer’s requirements.

Segmentation:

The global optical communications market has been segmented on the basis of technology, component, end-users, applications, and region.
By mode of components, the global market for optical communication has been segmented into optical transceivers, optical switches, optical fibers, optical splitters, optical amplifiers, optical circulators, and others. Among these, the optical fibers segment is further sub-segmented into single-mode and multimode optical fiber.
By mode of technology, the global market for optical communication has been segmented into fiber channel, synchronous optical networking, wavelength-division multiplexing, and others.
By mode of application, the global market for optical communication has been segmented into telecom, enterprise, data center, and others.
By mode of end-users, the global market for optical communication has been segmented into IT & telecommunications, aerospace and defense, astronomy, industrial, medical, and others.

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Intended Audience:
• Optical communications companies
• Optical communications providers
• Technical universities
• System integrators
• Managed Security Service Providers
• Professional service providers
• Research and development companies
• Market research and consulting firms
• Solution providers
• Technology standards organizations
• Technology investors
• System Integrators

LIST OF TABLES
TABLE 1 OPTICAL COMMUNICATIONS MARKET, BY COMPONENT
TABLE 2 OPTICAL COMMUNICATIONS MARKET, BY TECHNOLOGY
TABLE 3 OPTICAL COMMUNICATIONS MARKET, BY APPLICATIONS
TABLE 4 OPTICAL COMMUNICATIONS MARKET, BY VERTICAL
TABLE 5 OPTICAL COMMUNICATIONS MARKET, BY REGION
Continued…...

LIST OF FIGURES
Figure 1 Research Component
Figure 2 Optical Communications Market, By Component (%)
Figure 3 Optical Communications Market, By Technology (%)
Figure 4 Optical Communications Market, By Applications (%)
Figure 5 Optical Communications Market, By Vertical (%)
Continued…...

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This release was published on openPR.