With the emergence and long-term Impact of COVID-19, Global Optical Network Hardware Market to reach USD 8.21 Billion by 2030
Bizwit Research & Consulting LLP’s recent analysis on the Global Optical Network Hardware Market points towards a potential rise to USD 8.21 Billion by 2030. Optical network hardware refers to the physical equipment and devices used in the construction and operation of optical networks, also known as fiber optic networks. These networks utilize optical fibers, which are thin strands of glass or plastic that transmit data as pulses of light. Optical network hardware is responsible for transmitting, receiving, and managing these light signals for data communication purposes. The Optical Network Hardware market is expanding because of factors such as the increasing development of data centers, increased Fiber to the Home (FTTH) broadband internet penetration, and an increase in the adoption of fiber optic cables in organizations.
Geographically, the global Optical Network Hardware market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America dominated the market in 2022 owing to the dominance of key market players, rising development of data centers, and rising bandwidth connections in the region. Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising adoption of fiber to the home connection, rising adoption of cloud services, rising internet penetration in the region.
The global Optical Network Hardware market is highly competitive owing to the presence of several key manufacturers such as Adtran Inc, ADVA Optical Networking SE, ALE International SAS Ciena Corp, Cisco Systems Inc, E.C.I. NETWORKS INC, Ekinops SA, FiberHome Telecommunication Technologies Co. Ltd, Fujitsu Ltd, Huawei Technologies Co. Ltd, and others.
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Key findings of the study suggest:
- Global Optical Network Hardware Market is anticipated to grow with a healthy growth rate of more than 4.62% over the forecast period 2023-2030.
- In the Application Type segment, Fiber Optic Network emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to development of data centers in the region.
- Asia Pacific is also expected to grow at higher rate during 2023-2030 owing to rising adoption of fiber optics in the region.
Bizwit Research & Consulting has considered following segments for the study:
By Equipment:
- Wavelength Division Multiplexing (WDM)
- Synchronous Optical Networking and Synchronous Digital Hierarchy (SONET-SDH)
By Application:
- Smart Cities
- Fiber Optic Network
- Datacenter
- Broadband Infrastructure
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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