By 2032, the Market for Optical Communication and Networking Equipment is Anticipated to Expand at a 7.3% CAGR

According to a study by Persistence Market Research, the global market for optical communication and networking equipment is expected to increase at a 7.3% CAGR from 2022 to 2032, from US$ 22 billion in 2022 to US$ 44.5 billion in 2032.

A number of factors are anticipated to accelerate the growth of the optical communication and networking equipment market during the forecast period, including the increasing adoption of cloud-based services and virtualization services globally, an increase in data traffic due to increased internet usage, and a rise in the number of data centres.

The market is growing as a result of key reasons include the increase in data traffic brought on by increased internet usage, the expansion of data centres, and the rising popularity of cloud-based and virtualization services. Additionally, it is projected that the COVID-19 pandemic will raise demand for advanced network equipment, which will fuel market expansion during the study period.

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The acceleration in deployment of VOIP, LTE, and 5G networks is expected to provide lucrative opportunities for the market growth. In addition, rise in adoption of AI and IoT is anticipated to be opportunistic for the growth of the optical communication and networking equipment industry during the forecast period. Moreover, the market is expected to witness a recovery in its growth rate in the coming years, owing to the growing focus of organizations to fulfill upsurge in demand for telecommunication equipment driven by rapid acceleration in 5G deployment across the globe.

Key Takeaways from the Market Study

Global optical communication and network equipment market to experience 2x growth until 2032
• By component, optical fibers to experience a CAGR of 6.8% during the forecast period.
• On the basis of technology, the WDM category to document a CAGR of 6.7% from 2022-2032
• U.S is expected to be worth US$ 15.6 Billion in 2032, with a CAGR of 6.9% over the forecast period.
• China to yield a dollar opportunity worth US$ 1.6 Billion from 2022-2032, expanding at a 6.8% CAGR
• Japan and U.K to garner market values worth US$ 2.7 Billion and US$ 1.9 Billion by 2032

Major players such as Arista Networks, Inc., Cisco System Inc., Fujitsu Optical Components Limited, Huawei Technologies Co., Ltd., Juniper Networks, Inc., Mitsubishi Electric Corporation, NEC Corporation, Nokia Corporation, Telefonaktiebolaget LM Ericsson, and ZTE Corporation, among others are expected to dominate the market share in terms of revenue.

In October 2020, Fujitsu Optical Components Limited (FOC) announced their new product, a 400G ZR+ transceiver that enables coherent WDM transmission greater than 120km in the same form factors (QSFP56-DD and OSFP) as its 400G ZR transceiver. Both transceivers use advanced coherent technology to enable higher bandwidth capacity and lower cost per bit compared to existing 100G WDM technology.
In March 2020, Ribbon Communications Inc., a global software leader in secure and intelligent cloud communications, completed its previously announced acquisition of ECI Telecom Group Ltd. (ECI), a global provider of end-to-end packet-optical transport and SDN/NFV solutions for service providers, enterprises, and data center operators.

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Find More Valuable Insights on Optical Communication and Networking Equipment Market

Persistence Market Research puts forward an unbiased analysis of the global Optical Communication and Networking Equipment Market, providing historical demand data (2015-2021) and forecast statistics for the period of 2022-2032. To understand the opportunities in Optical Communication and Networking Equipment, the market is segmented on the basis of component, technology, vertical, data rate, and application across five major regions.

Key Segments Covered in the Optical Communication and Networking Equipment Market Report

Optical Communication and Networking Equipment by Component

Optical Communication and Networking Fibers
Optical Communication and Networking Transceivers
Optical Communication and Networking Amplifiers
Optical Communication and Networking Switches
Optical Communication and Networking Splitters
Optical Communication and Networking Circulators
Optical Communication and Networking Sensors
Other Optical Communication and Networking Equipment
Optical Communication and Networking Equipment by Technology

WDM-based Optical Communication and Networking Equipment
CWDM-based Optical Communication and Networking Equipment
DWDM-based Optical Communication and Networking Equipment
SONET-based Optical Communication and Networking Equipment
Fiber Channel-based Optical Communication and Networking Equipment
Optical Communication and Networking Equipment by Vertical

Optical Communication and Networking Equipment for BFSI
Optical Communication and Networking Equipment for Government
Optical Communication and Networking Equipment for Healthcare
Optical Communication and Networking Equipment for Cloud
Optical Communication and Networking Equipment for Energy & Utilities
Optical Communication and Networking Equipment for Other Verticals
Optical Communication and Networking Equipment by Data Rate

Optical Communication and Networking Equipment Up to 40 Gbps
Optical Communication and Networking Equipment Greater Than 40 Gbps to 100 Gbps
Optical Communication and Networking Equipment Greater Than 100 Gbps
Optical Communication and Networking Equipment by Application

Optical Communication and Networking Equipment for Telecom
Optical Communication and Networking Equipment for Data Centres
Optical Communication and Networking Equipment for Enterprises
Optical Communication and Networking Equipment by Region

North America Optical Communication and Networking Equipment Market
Europe Optical Communication and Networking Equipment Market
Asia Pacific Optical Communication and Networking Equipment Market
Middle East and Africa Optical Communication and Networking Equipment Market
Latin America Optical Communication and Networking Equipment Market

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Expert analysis, actionable insights, and strategic recommendations - the Electronics, Semiconductor, and ICT team at Persistence Market Research helps clients from all over the globe with their unique business intelligence needs. With a repository of over 500 reports on electronics, semiconductors, and ICT, of which, 100+ reports are specific for ICT, the team provides end-to-end research and analysis on regional trends, drivers for market growth, and research development efforts in the electronics, semiconductor, and ICT industry.

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