Jersey City, New Jersey, Nov. 08, 2021 (GLOBE NEWSWIRE) -- Verified Market Research recently published a report, “Coherent Optical Equipment Market” By Equipment (Modules/Chips, Optical Amplifiers, Optical Switches, Wavelength-division Multiplexer (WDM)), By Application (Original Equipment Manufacturers (OEMs), Networking, Data Center), By End-User (Industries, Public Sector, Service Provider), and By Geography. According to Verified Market Research, the Global Coherent Optical Equipment Market size was valued at USD 21.11 Billion in 2020 and is projected to reach USD 40.40 Billion by 2028, growing at a CAGR of 9.12% from 2021 to 2028.
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Browse in-depth TOC on “Coherent Optical Equipment Market”
202 - Pages
126 – Tables
37 – Figures
Global Coherent Optical Equipment Market Overview
The need for connectivity and bandwidth has been growing owing to innovations in technology. The coherent optical equipment market is experiencing significant growth owing to the increasing demand for the new capacity network. With the rapid pace of innovations in both wireless and wired networking space, internet service providers, cable and wireless providers contribute to the growing need for high speed and bandwidth. The increasing need for high speed and bandwidth owing to the emergence of the data center, which is considered as the massive infrastructure that is required to serve the data needs of the people and various IT organizations. The data centres comprise of expandable volume of data and thereby leads to increasing requirement and in turns drives the growth of the market.
The coherent optical equipment market is experiencing potential growth owing to the surge in the adoption of new IT solutions across the globe. The technological advancements lead to introduce the trends that contribute to market growth with a faster pace and greater degree of effectiveness. The business has been transforming with the emergence of innovative IT solutions.
Deployment of the coherent optical technology requires high initial investments and thereby acts as a restricting factor for the growth of the Coherent Optical Equipment market. The cost to the fiber increases with the deployment of the longer fiber routes. The increased fiber capacity directly depends on the cost price of lightning fiber.
Key Developments
- On August 10, 2020, Windstream and Ciena have announced that Windstream, a flexible provider of advanced network communications, will use Ciena’s photonic, coherent optical, and intelligent software platforms to develop its National Converged Optical Network. Windstream will be able to fulfill customers’ increasing bandwidth demands, which are being driven by remote work and learning apps, cloud computing, and video streaming, due to the new network.
- On March 1, 2021, Cisco announced the completion of its acquisition of Acacia Communications, Inc., a Massachusetts-based firm and current Cisco supplier. Acacia designs manufacture and distribute a comprehensive portfolio of high-speed optical interconnect technologies for data center, metro, regional, long-haul, and submarine networks.
Key Players
The major players in the market are Huawei Technologies Co., Ltd., Fujitsu Limited, Ciena Corporation, Nokia Corporation, NEC Corporation, Ribbon, Cisco Systems, Inc., Infinera Corporation, ZTE Corporation, Marvell Technology, Inc.
Verified Market Research has segmented the Global Coherent Optical Equipment Market On the basis of Equipment, Application, End-User, Component, and Geography.
- Coherent Optical Equipment Market, By Equipment
- Modules/Chips
- Optical Amplifiers
- Optical Switches
- Wavelength-division Multiplexer (WDM)
- Others
- Coherent Optical Equipment Market, By Application
- Original Equipment Manufacturers (OEMs)
- Networking
- Data Center
- Others
- Coherent Optical Equipment Market, By End-User
- Industries
- Public Sector
- Service Provider
- Others
- Coherent Optical Equipment Market, By Component
- Laser
- DSP
- Transmitter
- Receiver
- Modulator
- Coherent Optical Equipment Market by Geography
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- U.K
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- ROW
- Middle East & Africa
- Latin America
- North America
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