Coherent Optical Equipment Market Trends, Growth Drivers, and Future Prospects 2026

According to a recent report published by Allied Market Research, the coherent optical equipment market size was valued at $18.64 billion in 2018, and is projected to reach $37.18 billion by 2026, growing at a CAGR of 9.4% from 2019 to 2026.

Coherent optical equipment includes all the devices in the optical network that promote 100G+ speed for information transmission. The coherent optical equipment enables high-gain soft-decision forward error correction, spectral shaping, programmability, and strong mitigation to dispersion. It provides enhanced network flexibility and programmability by supporting different baud rates and modulation formats. This results in superior network flexibility in line rates, with scalability from 100G to 400G and beyond per single signal carrier, delivering increased data throughput at a lower cost per bit. Significant surge in the bandwidth requirements for minimizing latency issues and providing smooth transmission of data are the major factors driving the coherent optical equipment market growth.

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Enormous demand for high-quality visuals and audio with rapid internet speed across the globe is the major factor driving the growth of the coherent optical equipment market. In addition, upsurge in demand for high-speed bandwidth demand across the telecom sector fuels the growth of the market. However, high initial cost required for the deployment of coherent optical equipment hampers the growth of the global market. Conversely, technological advancements such as AI and machine learning are anticipated to create lucrative opportunities for market expansion.

Rising trends that boost the growth of coherent optical equipment market include surge in demand for high-speed broadband connections especially in developing countries, rise in demand for optical sensing & communication applications for diverse purposes, and upsurge in need for fast & improved network services across the globe.

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By equipment, the wavelength-division multiplexer (WDM) segment held the largest share in 2017, contributing to more than one-fourth of the global coherent optical equipment market, owing to high adoption of WDM among network carriers and service providers across the globe. However, the optical switches segment is expected to register the fastest CAGR of 11.2% during the forecast period, owing to rise in the adoption of mechanical switch and MEMS switch in an optical network among the telecom and networking industry.

The data center segment is expected to register the fastest CAGR of 10.9% during the forecast period, due to advancements in networking technologies that supported the evolution of IoT devices. However, the networking segment held the largest share in 2018, accounting for nearly half of the global coherent optical equipment market. This is pertaining to the advancements in networking technologies that supported the evolution of IoT devices.

North America dominated the overall coherent optical equipment market trends in 2018, and is expected to continue this trend during the forecast period, owing to high convergence of new social media platforms and applications that have boosted the network traffic in the region.

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However, Asia-Pacific is expected to exhibit highest growth rate during the forecast period. Factors supporting the growth of the Asia-Pacific coherent optical equipment market include advent of digital transformation and significant presence of telecom operators that are expanding their 5G infrastructure in the region. In addition, affluent consumer demand for high-speed connectivity and favorable government initiatives toward developing network infrastructure are further driving the market growth in Asia-Pacific.

Major market players:

• Cisco Systems Inc.
• Ciena Corporation
• Fujitsu Limited
• ECI Telecom Ltd
• Infinera Corporation
• Huawei Technologies Co. Ltd.
• Nokia Corporation
• NEC Corporation
• ZTE Corporation
• Telefonaktiebolaget LM Ericsson

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