Portland, OR, Sept. 10, 2020 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global coherent optical equipment market generated $18.64 billion in 2018, and is estimated to reach $37.18 billion by 2026, registering a CAGR of 9.4% from 2019 to 2026. The report offers an extensive analysis of changing market trends, key winning strategies, Porter’s Five Forces, major segments, and competitive scenario.
Rise in importance of high speed bandwidth, technological advancements across the world, and increase in internet penetration drive the growth of the global coherent optical equipment market. However, high capital Investment may hinder the market growth. On the other hand, expansion in rural areas creates new opportunities in the coming years.
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Covid-19 scenario:
- The operational strategy of ‘work from home’ has been adopted by the IT industry; therefore the demand for coherent optical equipment has been reduced for few months of the coronavirus pandemic.
- New installation of the coherent optical equipment has been postponed during the global lockdown due to the stoppage of the commercial construction projects across the globe.
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The report offers a detailed segmentation of the global coherent optical equipment market based on technology, equipment, application, end-user, and region.
Based on equipment, the wavelength-division multiplexer (WDM) segment contributed to the largest share in 2018, accounting for more than one-fourth of the total share, and is estimated to maintain its dominant position during the forecast period. However, the optical switches segment is expected to register the highest CAGR of 11.2% from 2019 to 2026.
Based on application, the networking segment accounted for the largest share in 2018, holding nearly half of the total share, and is expected to maintain the largest share throughout the forecast period. However, the data center segment is estimated to portray the highest CAGR of 10.9% during the forecast period.
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Based on region, North America contributed the highest share, accounting for nearly two-fifths of the total market share in 2018, and will maintain its dominance throughout the forecast period. However, Asia-Pacific is expected to grow at the highest CAGR of 12.0% from 2019 to 2026.
Leading market players analyzed in the research include Infinera Corporation., Cisco Systems Inc., Huawei Technologies Co. Ltd., Ciena Corporation, Nokia Corporation, Fujitsu Limited, NEC Corporation, ECI Telecom Ltd., and ZTE Corporation.
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