Market Highlights
The global optical communications market is presumed to garner USD 24 billion and expand at 9 % CAGR during the forecast period (2017-2023) owing to the increasing demand for next generation of high bandwidth data center, asserts Market Research Future (MRFR).
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Segmentation:
The global Optical Communications Market has been segmented on the basis of technology, component, end-users, applications, and region.
By mode of components, the global market for optical communication has been segmented into optical transceivers, optical switches, optical fibers, optical splitters, optical amplifiers, optical circulators, and others. Among these, the optical fibers segment is further sub-segmented into single-mode and multimode optical fiber.
By mode of technology, the global market for optical communication has been segmented into fiber channel, synchronous optical networking, wavelength-division multiplexing, and others.
By mode of application, the global market for optical communication has been segmented into telecom, enterprise, data center, and others.
By mode of end-users, the global market for optical communication has been segmented into IT & telecommunications, aerospace and defense, astronomy, industrial, medical, and others.
Regional Analysis:
Geographically, the optical communications market span across regions namely, North America, Asia Pacific, Europe, and Rest-of-the-World.
Among all the regions, the North American region is considered to be one of the leading regions in terms of market share. The optical communication market has tremendous demand in this region owing to the rising data rates that enable rise in data collection and reduction in operational complexity.
The optical communication market in the European region is presumed to register rapid growth in the assessment period owing to the presence of highly advanced telecommunication network in this region.
Asia Pacific is an emerging region for optical communication market and is presumed to register the highest CAGR during the assessment period owing to the increasing focus of leading market players on targeting optical communications to meet the customer’s requirements.
Major Key players
- Telefonica, AT&T Inc. (U.S)
- Vodafone Group PLC (UK)
- Singapore Telecommunications Limited (Singapore)
- Hetzner Online GmbH (Germany)
- Deutsche Telekom AG (Germany)
- Maxim Integrated (U.S)
- Telstra Corporation Ltd. (Australia)
- A (Spain)
- Orange (France)
- Verizon Communications (US)
- Telkom SA SOC Ltd. (South Africa)
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