The Optical Network Hardware market is currently dominated by a few players. Huawei Technologies Co., Ltd. is one of them. Huawei is the world leading information and communication technology (ICT) solutions provider. The company is majorly driven by a commitment to sound operations, ongoing innovation, and open collaboration with various business enterprises and customers. The company retained a revenue of USD 75.1 billion in 2016. The company largely focusses on digital transformation in industry ecosystem. Huawei is aiming to capture the opportunity by working with business partners and customers to build business driven ICT infrastructure (BDII). The company claims to become an enabler and preferred partner for various other industries in digital transformation.
Ciena Corporation is another leading company in the Optical Network Hardware market. The company is the provider of network and communication infrastructure. It operates through the segments such as Converged Packet Optical, Packet Networking, Optical Transport, and Software and Services. The converged packet optical segment develops and sells optical processors, switching systems, and operating systems software. The optical transport segment manufactures and trades optical transport system, common photonic layer, and data networking products, data center interconnections, and virtual networks.
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Alcatel – Lucent in 2006 created the world’s first truly global communication solution provider, with most complete, end to end portfolio of solutions and services in the industry. The company majorly focusses on fixed, mobile, and converged networking hardware, IP technologies, software and services, with operations in more than 130 countries. Nokia completed the acquisition of Alcatel Lucent in 2016 with 100% ownership.
Infinera Corporation is the leading provider of optical transport network equipment, software and services to telecommunication carriers. Its products include long-haul and subsea, metro networks, data center interconnects, and software. Infinera offers an end-to-end portfolio of packet-optical solutions for long-haul, metro, and cloud. The company retained nearly USD 870.1 million in 2016. The company focuses on expanding leadership, and increasing focus on growth and operational efficiency.
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.
- 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.
- 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.
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.
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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- 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
- Technology investors
- Research institutes
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