New York, NY, Aug. 15, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Optical Network Equipment Market by Application Type (FTTH [Fiber-to-the-home] and FTTB [Fiber-to-the-building]) and by Technology Type (Asynchronous Transfer Mode PON, Broadband PON, Gigabit PON, and Ethernet PON): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2024’’ . According to the report, global optical network equipment market was valued at around USD 16,128.11 million in 2017 and is expected to reach approximately USD 28,882.24 million in 2024, growing at a CAGR of 8.68% between 2018 and 2024.
Optical networking can be described as a means of communication through an optical fiber in which signal is encoded into light pulse and is transmitted among various nodes of telecommunication network, which is operated from limited range of LAN (Local Area Network) to WAN (Wide Area Network) which can cross metropolitan areas as well as national and international transoceanic distances. Optical networking is a form of optical communication through optical amplifiers, lasers, LED’s and wave division multiplexing (WDM) used to transmit larger data with maximum possible bandwidth and minimum losses. Optical amplifiers, fiber – single or multimode, light source – laser/LED, multiplexer and demultiplexer, optical switch, an optical splitter, and circulator are some of the major components used in optical communication.
Browse through 36 Tables & 24 Figures spread over 110 Pages and in-depth TOC on “Global Optical Network Equipment Market: By Type, Size, Share, Technology, Trends, and Forecast, 2017 - 2024”.
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Presently, major companies in the optical network equipment market are focusing on developments of the emerging technologies, as there is a continuous increase in the use of mobile smartphones, laptops, and PCs. This gives rise to a tremendous increase in the usage of online gaming, chatting, video surfing, and online shopping. Similarly, companies providing these services are asking for more high-speed data; as there is a continuous increase in both residential as well as business customers in this market. The existing networks will not be able to meet this demand. Thus optical network came into a role and all these factors will drive the demand for optical network equipment at a high pace in the forecast period. With the need of providing broader bandwidth with increased transmission speeds, the network provider, and networking equipment manufacturer will be forced to provide such infrastructure and networking equipment which can withstand higher digital data traffic with more ease over the existing network. This is expected to create more growth opportunities in this market.
Apart from this, factors such as emerging terabit networking and increase in cloud storage space by most of the companies will drive the growth of the optical network equipment market. However, the high installing cost of optical networking equipment for operators is one of the major factors expected to hinder the early adoption of optical networking equipment. Thus small industries find it difficult to adopt this solution for smooth high-speed data traffic.
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The optical network equipment market is segmented on the basis of application, technology, and regions. On the basis of application, the market is segmented as FTTH (fiber-to-the-home) and FTTB (fiber-to-the-building). Whereas on the basis of technology it is further divided into Asynchronous Transfer Mode PON (APON), Broadband PON (BPON), Gigabit PON (GPON), and Ethernet PON (EPON).
North America has the largest share in the optical network equipment market as the U.S. has ranked first in the Global Connectivity Index for last few years. With the help of GCI (Global Connectivity Index), a research framework is offered which can asses a nations digital transformation. Broadband, cloud services, and datacenter are some of the technological pillars of the global connectivity index. North America has further increased its downloading speed and data creation with the help of continuous upgradation of broadband services, compared to the past few years.
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The high demand for interconnecting data centers is the primary growth driver in the optical network equipment market. The impact of this can be seen in North America where the number of internet and cloud providers have their networks connecting hyper-scale data centers. Adoption and deployment of 5G infrastructure are expected to be one of the major factors driving the demand for the optical network equipment market in the forecast period. Top American telecommunication key players like Verizon, AT&T, T-Mobile, and others have completed their 5G trials to ensure the deployment of 5G technologies by 2023. It is believed that 5G-based FWA (Fixed Wireless Access) will be best suited for urban areas as they are densely populated and it will also be reducing the initial installing cost by up to 40% as compared to the FTTP (Fiber-to-the-Premises).
After North America, Asia Pacific is the largest growing market in optical network equipment. China, India, Japan are the countries of Asia Pacific region which have invested extensively in optical network infrastructure. Asia Pacific region is anticipated to be the leading region in the implementation of optical networks. As the Chinese telecommunications carriers have invested in LTE and fixed broadband roll-outs, China is expected to be the second largest market for optical network equipment after North America. Taking into account, the increasing demand for high-speed data at fingertip with more reliability and security, the goal of the optical network sector is to provide a solution which will be easy to install, maintain, and upgrade.
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In the optical network market, it can be achieved through various techniques, e.g., by using optical splitters, we can enable a single optical fiber to deliver services to multiple premises. Thus the other regions including Europe, Latin America, and the Middle East and Africa are also increasing their investments in optical network equipment market. The GPON (Gigabit PON) based equipment is expected to lead the market in various regions in the forecast period. As GPON devices provide high-speed video, data, and voice services to both residential as well as business customers due to its long-range connectivity and extremely high bandwidth.
The major companies in this market are Huawei, ZTE Corp., Cisco Systems Inc., Fujitsu Network Communications Inc., DASAN Networks, Motorola Solutions, Mitsubishi Electric Corp., Verizon Communications Inc., Alcatel- Lucent, Calix, and others.
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The report segmentation of optical network equipment market is as follows.
Optical Network Equipment Market: Application Type Segment Analysis
- FTTH (Fiber-to-the-home)
- FTTB (Fiber-to-the-building)
Optical Network Equipment Market: Technology Type Segment Analysis
- Asynchronous Transfer Mode PON (APON)
- Broadband PON (BPON)
- Gigabit PON (GPON)
- Ethernet PON (EPON)
Optical Network Equipment Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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