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Coherent Optical Equipment Market

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Coherent Optical Equipment Market- Growing Demand From Internet Service Providers
And Telecom Service Providers
According to a new market report titled Coherent Optical Equipment Market -Global Industry
Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026, published by Transparency
Market Research the global coherent optical equipment market is expected to reach US$
34,599.0 Mn by 2026, expanding at a CAGR of 9.1% from 2018 to 2026. According to the
report, the global market is expected to continue to be influenced by a range of macroeconomic
and industry-specific factors. North America is anticipated to continue to be at the forefront of
global demand, with the market in the region expanding at a CAGR of 8.0% during the forecast
period. Technical advancements, increased digitization, high internet penetration, and presence
of a large number of optical equipment providers are anticipated to drive the coherent optical
equipment market in North America.
Rising Significance of High Speed Bandwidth and Technological Advancement across the
World Driving the Global Coherent Optical Equipment Market
Increasing adoption of new IT solutions with modern consumer trends in different organizations,
and IT modernization is expected to boost the coherent optical equipment market in the coming
years. Moreover, growing internet penetration is expected to fuel the growth of the market in the
near future.
Both North America and Europe are mature regions of the market, due to high awareness about
coherent optical equipment among users and technological developments. However, the market
in Asia Pacific is expected to expand at a robust pace during the forecast period. Rise in
penetration of technology as well as significant investments in the optimal utilization of IT
solutions across countries such as the U.S., U.K., Germany, France, China, India, and Brazil are
anticipated to offer lucrative opportunities for coherent optical equipment providers in the near
future.
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Coherent Optical Equipment Market: Scope of the Report
Based on technology, the global coherent optical equipment market has been segmented into
100G, 200G, 400G+, and 400G ZR. The 100G segment held significant market share, followed
by 200G and 400G+ technology segments in 2017. However, 400G+ segment is projected to
witness significant growth in the coming years and is expected to hold prominent share of the
market by the end of the forecast period. 200G and 400G+ technology are expected to see strong
growth over the forecast period. The report includes analysis of the coherent optical equipment
market by region, segmented into North America, Europe, Asia Pacific, Middle East & Africa,
and South America.
On the basis of equipment, the global coherent optical equipment market has been segmented
into WDM (Wavelength-Division Multiplexer), modules/chips, test & measurement equipment,
optical amplifiers, optical switches, and others. Others equipment segment includes optical fiber,
optical splitters, fiber optic circulators, optical transceivers etc. WDM segment accounted for
major market share in 2017 and is expected to retain its position over the forecast period. WDM
segment is likely tobe driven by the demand for 100G+ coherent wavelengths. It is a highly
popular equipment 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. However, the optical switches segment
is expected to expand significantly over the forecast period. Moreover, test & measurement
equipment segment is projected to gain market share in the coming years as it helps to push the
boundaries of high speed optical communication with a range of innovative, easy-to-use modular
and customized solutions.
In terms of application, the networking segment occupied major market share in 2017 as it helps
to provide broader bandwidth with increased transmission speeds, while the data center
application segment is likely to expand significantly over the forecast period. Networking
application is further bifurcated into Fiber-to-the-Building/Premises (FTTB/P) optical network
and Fiber-to-the-Home (FTTH) optical network. The FTTB/FTTP optical network sub-segment
is expected to maintain its leading position over the forecast period, due to the growing demand
for high-speed networks at buildings or premises for accessing smart systems. The application of
coherent optical equipment in data centers is expected to grow at a rapid pace over the forecast
period due to mainstream adoption of cloud computing and the growing use of the Internet by
smartphones and other connected devices.
By end-user, the market is segmented into service provider, public sector, and industries.
Growing demand from internet service providers and telecom service providers for high data
bandwidthis anticipated to drivegrowth ofthe global coherent optical equipment market in the
coming years. Theservice provider sector is a prominent user of coherent optical equipment. This
segment accounted for major market share in 2017 and is expected to hold its leading position
over the forecast period. However, the market in the industries sector is projected to expand at a
rapid pace in the near future.
North America held a prominent share of the coherent optical equipment marketin 2017.The
market in the region is anticipated to expand at a CAGR of 8.0% during the forecast period. In
2017, the U.S. held a significant share in terms of revenue of the coherent optical equipment
marketin North America,followed by Canada.However, the market in Asia Pacific and MEA is
anticipated to expand at a significant CAGR in the coming years.
Author
monali raghu
monali raghu349   documents Email
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