Optical Network Equipment Market: Overview
The COVID-19 pandemic has hurt various sectors badly but some sectors have a great opportunity to expand their growth graph. The optical network equipment market is one of them. Analysts predict a tectonic shift in the growth rate of the optical network equipment market during the forecast period of 2019-2028. Currently, the main factor that can bring a positive impact on the growth rate of the optical network equipment market is the rise in the amount of work-from-home instances.
As the COVID-19 started casting its horrendous shadow on the globe with the rising number of infected cases each day, the global populace was placed under a stringent lockdown imposed by governments in numerous countries. This initiated an expansion of the work-from-home landscape and massive use of the internet, eventually proving to be a growth generator for the optical network equipment market.
This upcoming report on the optical network equipment market provides an in-depth analysis of the current market situation. The report covers components like competitive landscape, key players, regional analysis, and ongoing trends. The report also offers thorough research on how the COVID-19 pandemic will impact the optical network equipment market. The segmental study enables an individual to thoroughly understand the optical network equipment market.
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Optical Network Equipment Market: Competitive Analysis and Key Developments
The optical network equipment market is a highly competitive market with a plethora of local and international players in the fray. Growing investments in research and development activities by the key players in the optical network equipment market are paving way for cutting-edge optical network equipment that can provide efficient and precise internet services to the consumer without any flaws or disturbances.
Huawei is facing a tough challenge ahead as the U.S. administration recently banned U.S. companies from carrying trading activities with Huawei. The ban revolved around 5G technologies. Being one of the world’s largest network equipment suppliers, this development may hinder the growth of the optical network equipment market to a certain extent.
Some well-entrenched players in the optical network equipment market are Fujitsu Ltd., Huawei Investment & Holding Co. Ltd, Nokia Corp., Telefonaktiebolaget LM Ericsson, ZTE Corp., Cisco Systems Inc., and ALE International.
- Huawei and China Mobile Guangdong announced the launch of the world’s first enterprise private line service based on Next-Generation Optical Transport Network (NG OTN) technology between Liwan and Dongfengzhong districts.
- An Australian research team recently broke the record in terms of internet speed, delivering a pathbreaking 44.2 terabits p/second from a single optical chip.
- Nokia and STC Group sign a five-year agreement to buy advanced optical network technologies from Nokia’s end-to-end portfolio for mobile and fixed networks. Nokia also announced the acquisition of Elenion to improve its advanced optical connectivity solutions. These developments highlight the growing focus of Nokia to strengthen its position in the optical network equipment market.
- Reliance Jio develops in-house 4G and 5G network equipment to cut costs and reduce dependability.
Optical Network Equipment Market: Key Trends
Flawless customer experience forms the crux of the optical network equipment market growth. The COVID-19 outbreak has tremendous potential to bring exponential growth for the optical network equipment market. The rise in the use of the internet for availing video-streaming services as well as online office conferences, video calls, etc. will lead the optical network equipment market toward prosperity.
The reliance of numerous government organizations across the world on the internet for important meetings through video conferencing on the grounds of the new coronavirus outbreak is further bringing good growth opportunities for the optical network equipment market.
Optical Network Equipment Market: Regional Analysis
North America may rule the optical network equipment market in the context of offering tremendous growth opportunities during the forecast period. The growing adoption of optical network equipment due to factors like higher dependence on the Internet of Things (IoT) and large-scale work-from-home population may serve as growth generators for the optical network equipment market.
Optical network equipment market is expected to grow at the annual growth rate of 35.7 % by the year 2014. One of the major market drivers contributing to the market growth is rising demand for FTTH (fiber to the home) and FTTB (fiber to the building) solutions in preference to wireless solutions. Optical network equipment market is growing continuously in developed economies even in economic downturn as a result of more number of mobile internet users and high household internet penetration. China is the developing market for optical network equipments and offers huge potential for optical networking devices suppliers.
Telecom bubble burst has contributed to the growth of optical networking equipments market by creating strong market for metro WDM devices. Another significant growth driver is underlying technology shift within the optical network. With all these factors contributing to market growth, growth of next generation technologies seems positive. Furthermore, increasing demand for IPTV and broadband connections are driving optical networking market to great extent.
Market Segmentation
Based on Application
- Fiber-to-the-Home (FTTH) Optical Network
- Fiber-to-the-Building (FTTB) Optical Network
Based on Technology
- Asynchronous Transfer Mode PON (APON)
- Broadband PON (BPON)
- Gigabit PON (G-PON)
- Ethernet PON (EPON)
This research report analyzes this market depending on its market segments and major geographies. This report provides overview of market and growth drivers. Major geographies analyzed under this research study are
- Europe
- North America
- Asia Pacific
- Rest of the World
This report provides complete analysis of current market trends, market structure, factors affecting market growth, and market projections for upcoming years. It also includes analysis of technological developments, Porter’s five force model, and complete profiles of top industry players. Report provides review of micro and macro factors significant from point of view of existing market players and new entrants along with detailed value chain analysis.
Some of the major players dominating this industry are Huawei, ZTE Corp., Mitsubishi Electric Corp., Sumitomo Electric Networks, Inc., Cisco Systems Inc., Alcatel-Lucent, Allied Telesis Inc, Broadlight Inc, Calix Network Inc, Freescale Semiconductor Inc, Fujitsu Network Communications Inc, Hitachi Telecom (USA) Inc, Salira Systems, Inc, Motorola Broadband Communications, NEC Corporation, Oki Electric Industry Co. Ltd., PMC-Sierra Inc, Tellabs Inc, Wave 7 Optics Inc., and others.
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