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). Optical communication refers to the process of
sending information at a distance by using light as a carrier. The system
comprises a channel, a modulator or transmitter, and a receiver or a
photo-detector. The commonly used channel for optical communication is optical
fibers which carry optical information to the destination.
With
the rising demand for next generation of high communication network and
bandwidth data center, the global optical communication market is likely to
propel during the assessment period. Advanced optical solution serves
commercial markets including semiconductor, ophthalmic, medical, astronomy, and
others. For instance, advanced optics are utilized in a number of products so
that it reaches the medical optics market from optical fiber to full detection
systems. Innovation in data transmission and communication at long-distance and
high-speed is appealing the market growth. Moreover, increasing need for
reliable and faster communication network, growing adoption of cloud-based
services, and growing data centers are some of the major factors contributing
to the market growth.
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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)
·
S.A
(Spain)
·
Orange
(France)
·
Verizon
Communications (US)
·
Telkom
SA SOC Ltd. (South Africa)
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.
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