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Optical Communication and Networking Market Growth During Forecast Period.

The optical communication and networking market is segmented on the basis of components, which include optical transceivers, optical fibers, optical splitters, optical amplifiers, optical switches, optical circulators, and others. Optical switches are the most widely used components as they reduce the number of network devices along with significant energy savings. As enterprises realize the benefits of optical fibers in reducing transmission loss with low latency and reduced data collision (fragmentation of data due to peak load), the optical fiber segment is expected to have the highest growth.
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Traditional internet wires (co-axial cables) relay internet at a peak speed of 45 Megabits/second (45Mbps), whereas optical fibers offer speeds of 100 Gigabits/second (100,000 Mbps). Their resistance to electrical interference (storms, lightning) is also very high, making them a perfect fit for AI and IoT applications where uninterrupted real-time analytics is required. Another factor is the increasing number of wearable devices, such as smartwatches and fitness bands, which have exerted additional stress on the existing internet bandwidth. This has led internet providers to switch to optical communication systems with nearly zero-transmission loss and better bandwidth. However, high adoption costs and significant complexities in the installation have reduced optical communication and networking market growth potential.
On the basis of technology, the optical communication and networking market segmentation includes Wavelength Division Multiplexing (WDM), Synchronous Optical Networking (SONET), and Fiber channels. WDM has the leading share due to its relatively simpler architecture, better scalability, high capacity to add/drop new channels, multiple ring terminations (ability to cancel signal anywhere during transmission), multi-services, and multiple fabrics. The segmentation, as per application, includes telecoms, data centers, and enterprises.
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Optical Communication and Networking Market, By Component, 2014-2025 (USD Million)
• Optical Transceivers
• Optical Fibers
• Optical Splitters
• Optical Amplifiers
• Optical Switches
• Optical Circulators
• Others
Optical Communication and Networking Market, By Application, 2014-2025 (USD Million)
• Wavelength Division Multiplexing (WDM)
• Synchronous Optical Networking (SONET)
• Fiber Channels
North America is the largest optical communication and networking market. This can be attributed to the high concentration of data centers and cloud computing hubs in the U.S. The U.S. alone holds 3 million data centers, nearly 36% of the global data centers (8.4 million in 2018). The top mega data centers are also located in the U.S. (Facebook, Google, AWS), making it a highly conceivable market for optical communication.
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The key players in the optical communication and networking market are Lumentum Operations, Coriant, ECI Telecom, Infinera, Nokia, Cisco, Calix, ZTE, Broadcom, Oclaro, Ciena, Finisar, ADVA Optical Networking, NEC, Arista Networks, Juniper Networks, Ericsson, NeoPhotonics, Fujitsu Optical Components, ADTRAN, Corning, Mitsubishi Electronics, and Huawei Technologies Co. These enterprises are focusing on organic development and offering newer products, for instance, 5G network virtualization and optical fiber biosensors.
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