Global Optical Networking And Communication Market Size By Component (Optical Fiber, Optical Amplifier, Optical Transceiver), By Application (Data Center, Telecom, Enterprise), By Technology (Width Division Multiplexing (WDM), Fiber Channel, SONET), By Geographic Scope And Forecast

Optical Networking And Communication Market Size And Forecast

Optical Networking And Communication Market size was valued at USD 20.88 Billion in 2024 and is projected to reach USD 32.24 Billion by 2031, growing at a CAGR of 5.58 % during the forecast period 2024-2031.

Increasing demand for faster and reliable network communication and increasing adoption of are some of the factors anticipated for driving the market growth during the forecast period. The Global Optical Networking And Communication Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Optical Networking And Communication Market Definition

Optical Network facilitates high-speed communication via infra-rays and optic signals. It includes limited ranges Local-Area-Network (LAN), Wide-Area-Network (WAN) which cross metropolitan and regional areas as well as long-distance national, international and transoceanic networks. It is a form of optical communication that relies on optical amplifiers, lasers or LEDs and wave division multiplexing to transmit large quantities of data generally across fiber-optic-cables because it is capable of achieving high bandwidth, it is an enabling technology for the internet and telecommunication networks that transmit the vast majority machine-to-machine information.

Optical Networking And Communications are increasingly important as there is demand for high-capacity links. Dense wavelength division multiplexing is widely deployed at the core networks to accommodate high-capacity transport systems. Optical Components such as optical amplifiers, , transceivers, termination devices, and add-drop multiplexers are becoming more reliable and affordable. Access and metropolitan area networks are increasingly built with optical technologies to overcome the electronic bottleneck at network edges. New components and subsystems for very high-speed optical networks offer new design options.

Global Optical Networking And Communication Market Overview

Increasing deployment of , increasing demand for high bandwidth, and increasing disposable income are driving the growth of the Optical Networking And Communication Market. Datacenter requires reliable components to cater to the demand for cloud and preserving the physical infrastructure of the network. Further, the increasing adoption of wearable devices such as smartwatches, fitness band which exerted stress on the existing internet bandwidth. Moreover, increasing development and adoption of new technologies, increasing demand for telecommunication equipment and rising internet penetration are providing growth opportunities to the market.

According to the Fiber Broadband Association in the U.S., it has connected more than 46.2 million houses in the U.S. The use of the internet for streaming content and attending video conferences are boosting the growth of the market. However, high installation costs and a lack of skilled professionals can hamper the growth of the market. The need for skilled professionals is increasing for maintaining constant use of data services without compromising on speed can lead to a huge demand for hardware engineers and should possess good knowledge of technical skills.

Global Optical Networking And Communication MarketSegmentation Analysis

The Global Optical Networking And Communication Market is Segmented on the basis of Component, Application, Technology, and Geography.

Optical Networking And Communication Market, By Component

•  Optical Fiber
•  Optical Amplifier
• Optical Transceiver
•  Others

Based on Component, the market is bifurcated into Optical Fiber, Optical Amplifier, , and others. The Optical Transceiver segment accounted for the largest market share due to these devices enable multimode and single-mode interfaces that allow business enterprises to float effective data for communication

Optical Networking And Communication Market, By Application

•  Data Center
•  Telecom
•  Enterprise
•  Others

Based on Application, the market is bifurcated into Data Center, Telecom, Enterprise, and others. The Data Center segment dominated the highest market share due to the increasing adoption of optical fiber networks by data centers for handling massive data loads. It provides a cost-effective alternative to the users.

Optical Networking And Communication Market, By Technology

•  Width Division Multiplexing (WDM)
•  Fiber Channel
•  SONET
•  Others

Based on Technology, the market is bifurcated into Width Division Multiplexing (WDM), Fiber Channel, SONET, and others. The Width Division Multiplexing (WDM) segment dominated the highest market share due to the increasing demand for high data transfer. It carries multiple wavelengths in a single fiber cable and offers full-duplex transmission and security to enterprises.

Optical Networking And Communication Market, By Geography

•  North America
•  Europe
•  Asia Pacific
•  Rest of the world

On the basis of regional analysis, the Optical Networking And Communication Market are classified into North America, Europe, Asia Pacific, and the Rest of the world. North America held the largest revenue share and is expected to maintain the lead throughout the forecast period owing to the high concentration of data centers and cloud computing hubs in the U.S. and increasing the evolution of the IT sector.

Key Players

The “Global Optical Networking And Communication Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are JDS Uniphase Corp, Ciena, Cisco System, Verizon, Alcatel Lucent, Huawei, Fujitsu Ltd., ADVA Optical Networking, Ericsson Inc, and MRV Communications.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

Partnerships, Collaborations, and Agreements

•  Cisco teamed with PLDT, a leading digital service provider in the Philippines, in April 2019 to assist in the transformation of PLDT’s IP transport infrastructure into a fully automated software-defined 5G-ready IP transport network.

Mergers and Acquisitions

•  Ciena purchased Centina, a renowned provider of service assurance analytics and network performance management solutions, in October 2019. Centina’s industry-leading technology and engineering capabilities would be incorporated into Blue Planet, a division of Ciena’s Software and Software-related Services segment.

Product Launches and Product Expansions

•  At the Mobile World Congress in March 2019, Huawei unveiled the world’s first single-wavelength 50G passive optical network (PON) prototype, capable of providing 50 Gbps downstream transmission rates and 25 Gbps/50 Gbps upstream transmission rates across a single wavelength. This launch demonstrates Huawei’s commitment to 50G PON research.

Report Scope

Research Methodology of Market Research

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region