Market Research Future published a research report on “Optical Network Hardware Market Research Report- Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Pune, India – February 12, 2019 —
Market Research Report (MRFR) observes that the global optical network hardware market had reached the value of USD 14 Billion in 2017 and will cross that value reaching USD 32 billion by 2023. The market is set to expand at a healthy CAGR of 13.85% over the forecast period (2017-2023).
Drivers and Restraints
One of the primary drivers contributing to the market growth is the increasing demand for FTTH (fiber to the home) and FTTB (fiber to the building) solutions. Moreover, the optical network equipment market is expanding at a continuous pace in developed nations although there is an economic downturn. This could be because of a large number of mobile internet users and high household internet penetration.
Another growth driver considered by MRFR is the underlying technology shift within the optical network. Backed by these factors, the growth of next-generation technologies seems inevitable. In addition, growing demand for IPTV and broadband connections are fueling the optical networking market to a large extent.
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On the contrary, the high installation cost of optical networking equipment could potentially curb the early adoption of optical networking equipment. However, increased digital data traffic and the rapidly increasing demand of bandwidth, growing market of data centers, the growth of cloud storage adoption by various organizations are set to propel the global optical network market to higher dimensions.
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.
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.
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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Name: Abhishek Sawant
Organization: Market Research Future
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