The global Optical Network Hardware market is expected grow moderately and register a value CAGR of 13.85% over the forecast period. Some of the protuberant drivers supporting the growth of global Optical Network Hardware market are identified as, growing demand of fiber optic network for datacenters, advancement in Li-Fi wireless connectivity and increased FTTH broadband internet penetration. However, lack of infrastructure in developing and under-developed countries and higher cost of transition and maintenance from existing cable are some of the restraining factor for the Optical Network Hardware Market.
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.
According to Market Research Future Analysis, Optical network hardware market has been valued at approx. USD 32 billion by the end of forecast period with 13% of CAGR during forecast period 2017 to 2023. Optical Network Hardware market, by equipment is segmented as WDM (Wavelength-division multiplexing) and SONET/SDH. The WDM accounted for the largest market share of 69% in 2017. The segment is anticipated to grow at value CAGR of 15% during the forecast period to reach USD 24 Billion by 2023. SONET/SDH is the second largest segment by equipment and is expected to grow at a CAGR of 10.45% during forecast period 2017-2023.
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October 2018 – Ciena is set to expand by adding new adaptive IP capabilities coupled with coherent optics and purpose-built hardware platforms in its packet networking portfolio. The new additions have been designed keeping mind 5G deployments along with cable industry’s fiber deep and business services initiatives.
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 market for optical network hardware is segmented on the basis of equipment and application.
By equipment, the market is segmented into WDM and SONET/SDH or Wavelength-Division Multiplexing and Synchronous optical networking/synchronous digital hierarchy. Wavelength-Division Multiplexing is a highly popular technology that aides in multiplexing of many optical fiber carrier signals into a single fiber optic cable by using different wavelengths of light. The biggest advantage of WDM is that it can carry multiple wavelengths in a single fiber cable. Enterprises make extensive use of this technology as it offers various benefits such as full duplex transmission, similar optical network hardware components are used, and it also provides high security. The multiplexing provides higher bandwidth which is helpful in achieving the high-speed internet across the optical fiber channel.
Application-wise, the market is segmented into datacenter, smart cities, broadband infrastructure, and fiber-optic network. The market for broadband is surging at a CAGR of 14% on account of the increasing rate of internet and smartphone penetration. Broadband infrastructure is comprised of wired technologies and wireless technologies, among which FTTP (Fiber to the Premise) accounts for close to 7% of global broadband subscriptions, thereby augmenting the growth opportunity for optical network hardware market. Also, the datacenter application is anticipated to grow with 15% CAGR.
Based on region, the optical network hardware market is segmented into North America, Europe, Asia Pacific, and Middle East & Africa.
Among these, North American region was leading the market in the year 2017 and is projected to continue dominating the global market throughout the forecast period. The regional market is set to grow with a CAGR of 13%. The United States (U.S) and Canada are the prominent regions contributing to the growth of the market in North America.
Whereas, the Asia Pacific region is exhibited to be the fastest growing region growing at a CAGR of 16.75% over the review period. The growing investment by the government bodies in the region for building high capacity network coupled with growing trend of broadband network and emerging data center market is responsible for the stupendous performance of the optical network hardware market in the region.
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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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