Optical Communication Systems and Networking Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Optical Communication Systems and Networking Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Optical Communication Systems and Networking Market

The Optical Communication Systems and Networking Market size was valued at USD 29.47 billion in 2022, and the market is now projected to grow from USD 31.63 billion in 2023 to USD 56.22 billion by 2030, exhibiting a CAGR of 8.6% during the forecast period of 2024-2032.

The COVID-19 is the key driver for Optical Communication Systems and Networking Market Growth. Due to pandemic and lockdown measures, market was totally relying upon digital solutions, remote work and digital transformation, driving demand for video conferencing and streaming services. In 2020, huge number of people were working and studying from home, and according to Fiber Broadband Association (FBA) noted that the demand for Fiber-optic broadband increased with this. The disruption in supply chain also led to delay in projects and decline in investments. During March 2020, China’s lockdown, Huawei reported a massive decline in optical component supply, along with all other market giants. However market recovered post-pandemic when the demand sightly getting back on the track for high-speed communication networks.

With the need of high speed coming from customers, market is adapting 5G networks and expanding their networking reach by investing in Optical Communication Systems And Networking Market Share,Offering high-speed connectivity and low latency and according to the report of 5G Americas, by Q3 2022, 75 countries had 5G connections, totalling 922 million, and rise of 433 million from Q3 2021. The Cloud-based services and IoT devices are key drivers for the networking market and with 5G network, which is crucial for applications such as autonomous vehicles, virtual and augmented reality, healthcare, cloud gaming, and smart cities, market is boosting up.

The market is driven by technological advancement and product innovations, and key players are integrating AI & ML with software-defined networking (SDN) and coherent optical transmission technologies to optimise networks, since coherent optical transmission uses advanced signal and modulation for high-speed data transmission over optical networks. The perfect example for this technological turn is Nokia’s PSE-6s Super-coherent photonic service engine, launched in February 2023. This technology is able to minimise the network power usage by 60% and features a unique chip-to-chip interface, making it industry’s first 2.4Tb/s coherent transport solution, and allowing transfer of high-speed client services like 400 and 800GE, efficiently.

Comprehensive Analysis of Optical Communication Systems and Networking Market

The Optical Communication Systems and Networking Market and Aerospace & Defence industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessments considering the dominant supply and demand forces that impact the aviation benefit management industry. These segmentations are methodically segregated By Component Analysis, By Technology Analysis, By Vertical Analysis, and By Data Range Analysis. The types of component include, Optical Fiber, Optical Transceivers, Optical Amplifiers, Optical Switches, Optical Circulators, & Others; type of technology includes, WDM, SONET/SDH, Fiber Channel, & Others; type of vertical includes, IT & Telecom, BFSI, Government and Aerospace & Defense, Healthcare, Energy & Utilities, & Others; type of Data range includes, Up to 40 GBPS, 40 to 100 GBPS, & > 100 GBPS.

Asia Pacific is reported to be a highest holder of networking market by standing in a dominating global position, and in 2022 it valued at 15.75 billion, the reason is the presence of OEMs in the region along with huge investment in developing next-generation communication technologies such as 5G and fiberoptic systems. In 2022, Cisco Systems Inc. launched its 8000 series routers. These routers are designed for high speed connectivity in 5G networks and cloud-based services. The Asia Pacific market is expected to grow during forecast period as well with high investment rates.

The top players in the market play a crucial role in the Aerospace & Defence industry assuring industrial prospectus growth and setting market standards. These players include, Huawei Technologies Co. Ltd. (China), Corning Incorporated (U.S.), Ciena Corporation (U.S.), Nokia (Finland), Cisco Systems Inc. (U.S.), Fujitsu (Japan), ADVA Optical Networking SE (Germany), NEC Corporation (Japan), Infinera Corporation (U.S.), Juniper Networks Inc. (U.S.),these market players provide a level-playing competitive landscape.

March 2023 –An Edinburg-based telecommunications network provider and ISP, Commsworld, got a contract of a USD 24 million from Northumberland County Council and the goal is to upgrade the county’s digital infrastructure. To connect 150 Northumberland council locations, Commsworld will install approxmitaly 262 km of new fiber infrastructure, and it will allow around 120,000 residential and commercial properties to access Fiber To The Premises (FTTP) networks.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2030

Base Year 2022

Estimated Year 2023

Forecast Period 2023-2030

Historical Period 2019-2021

Growth Rate CAGR of 8.6% from 2023 to 2030

Unit Value (USD Billion)

Segmentation Component, Technology, Data Range, Vertical, and Geography

By Component

Optical Fiber

Optical Transceivers

Optical Amplifiers

Optical Switches

Optical Circulators

Others

By Technology

WDM

SONET/SDH

Fiber Channel

Others

By Data Range

Up to 40 GBPS

40 to 100 GBPS

> 100 GBPS

By Vertical

IT & Telecom

BFSI

Government and Aerospace & Defense

Healthcare

Energy & Utilities

Others

By Geography North America (By Component, Technology, Data Range, Vertical, and Country)

- U.S. (By Vertical)

- Canada (By Vertical)

Europe (By Component, Technology, Data Range, Vertical, and Country)

- U.K. (By Vertical)

- Germany (By Vertical)

- France (By Vertical)

- Italy (By Vertical)

- Russia (By Vertical)

- Rest of Europe (By Vertical)

Asia Pacific (By Component, Technology, Data Range, Vertical, and Country)

- China (By Vertical)

- India (By Vertical)

- Japan (By Vertical)

- South Korea (By Vertical)

- Australia (By Vertical)

- Rest of Asia Pacific (By Vertical)

South America (By Component, Technology, Data Range, Vertical, and Country)

- Brazil (By Vertical)

- Argentina (By Vertical)

- Rest of South America (By Vertical)

Middle East & Africa (By Component, Technology, Data Range, Vertical, and Country)

- U.A.E. (By Vertical)

- Israel (By Vertical)

- South Africa (By Vertical)

- Rest of the Middle East & Africa (By Vertical)


Please Note: It will take 5-6 business days to complete the report upon order confirmation.