Optical Network Hardware Market Size 2021 Global Industry Current Trends, Top Companies, Application, Growth Factors, Development and Forecast to 2030

In a recent published report, Kenneth Research has updated the market report for Optical Network Hardware Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

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U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Optical Network Hardware Market products.

The Optical network hardware Market is estimated to record a significant growth throughout the forecast period. The ICT sector constitutes 4.8% of the European economy. Europe’s organization ERDF i.e. European Regional Development Fund has allotted approximately USD 23 billion for investments related to ICT during the funding period 2014-2020. ICT refers to the communication technologies including the internet, wireless networks, social networking, cell phones, video-conferencing, computers, software, and other media applications and services enabling users to access, retrieve, and manipulate information in a digital form.

Market Synopsis of Global Optical network hardware Market

Market Scenario:

Global Optical Network Hardware market was valued at USD 14 Billion in 2017. The market is projected to reach market value of USD 32 Billion by 2023, expanding at a CAGR of 13.85% over the forecast period. The growth in cloud services, increasing use of connected virtual devices, and proliferation of mobile services of Wi-Fi, and 3G or 4G technology are some of the major factors driving the growth of optical networking. However, lack of Infrastructure in developing and under-developed countries and higher cost of transition and maintenance from existing cable are some factors hindering the market growth.

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Optical networking is a technique which carries digital information via light waves over fiber optic cables. Advent of WDM supports in transmitting data using multiple wavelengths of light using different frequencies over a single optical fiber. According to MRFR analysis, the growth in cloud services, increasing demand of high bandwidth services, and rising IoT has driven the demand for optical transport networking systems. The increasing usage of internet for personal and commercial purpose by consumers has increased the network traffic. To address this issue, consumers are deploying additional systems to existing optical networks. Today, many applications have transformed from function specific dedicated hardware platforms to virtualized services deployed within cloud datacenters.

By Equipment segment, Wavelength-Division Multiplexing is most commonly used technology that helps in multiplexing of number of optical fiber carrier signals into a single fiber optic cable by using different wavelengths of light. The biggest advantage WDM provides is that it can carry multiple wavelengths in a single fiber cable. For enterprises, it provide various advantages or benefits such as full duplex transmission, similar optical network hardware components are used, and provides high security. The multiplexing provides an additional benefit of higher bandwidth which is helpful in achieving the high speed internet across the optical fiber channel.

Key Players:

The prominent players in Optical network hardware Market are – Huawei Technologies, Ciena Corporation, Alcatel Lucent, Infinera, Cisco systems, ADTRAN, ADVA Optical Networking, Ericsson, and ZTE Corporation.

Key Findings:

The global Optical network hardware Market has valued at USD 13 billion in 2016 and is expected to reach USD 32 billion by 2023 growing with 13.85% CAGR.By Equipment segment, Wavelength-division multiplexing (WDM) has generated highest revenue of USD 10 billion in 2017 and is expected to grow with 15% CAGR.By application, broadband infrastructure is leading the optical hardware market and is expected to grow with 14% CAGR. Followed by fiber optic network. Whereas, Datacenter application is projected to grow with 15% CAGR.

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Geographically, North America region is dominating the market and has generated highest revenue of USD 8 billion in 2017 and is expected to grow with 13% CAGR. Asia Pacific is projected to be the fastest growing market for optical network hardware and is witnessed to grow with 16% CAGR.

Segments

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 Analysis

Optical network hardware market is categorized based on region and is comprised of North-America, Europe, Asia-Pacific and Middle-East & Africa.North American region is dominating the market in the year 2017 and is expected to remain the leading region over the forecast period growing with 13% CAGR. The U.S. and Canada are expected to be the prominent regions of the North- America. Additionally, Asia-Pacific region is expected to be the fastest growing region mounting with 16.75% CAGR over the forecast period. The increasing investment by Asian government in building high capacity network, increasing trend of broadband network, and emerging datacenter market are some of the factors driving the growth of optical network in the region. Whereas, high installation cost of optical network is expected to hamper the market growth in Asia Pacific during forecast period 2017-2023.

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Intended Audience

Raw material providers

Component manufacturers

Original equipment manufacturers (OEMs)

Integrated device manufacturers (IDMs)

Original design manufacturers (ODMs)

Assembly, testing, and packaging vendors

Suppliers and distributors

Government

Technology investors

Research institutes

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