IMARC Group, a leading market research company, has recently releases report titled “Coherent Optical Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global coherent optical equipment market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How large is the coherent optical equipment market?
The global coherent optical equipment market size reached US$ 25.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 40.3 Billion by 2028, exhibiting a growth rate (CAGR) of 8% during 2023-2028.
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2022 |
| Historical Period | 2017-2022 |
| Forecast Period | 2023-2028 |
What is coherent optical equipment?
Coherent optical equipment offer performance flexibility to transfer high-speed information. They rely on digital signal processing at both the transmitter and receiver to provide simple photonic line systems, high bitrates, and adequate performance. In addition, coherent optical equipment enable network programmability by supporting various baud rates and modulation formats, thereby supplying enhanced data throughput at a lower cost per bit. Several leading players are offering innovative solutions that provide high levels of automation and intelligence. As a result, coherent optical equipment are extensively utilized by service providers, industries, and the public sector across the globe.
What are the growth prospects and trends in the coherent optical equipment industry?
The escalating demand for these solutions to minimize latency issues and provide smooth transmission of data, owing to the increasing penetration of the internet, boosting sales of smartphones, and high bandwidth conditions for streaming high definition (HD) video and audio, is among the primary factors driving the coherent optical equipment market.
Besides this, the elevating requirement for these tools to manage rapid network scalability, on account of the utilization of cloud-based solutions in core business processes, is further augmenting the coherent optical equipment market growth. Moreover, army research laboratories are developing coherent optical phased array technologies that enable scalable laser weapons, which is also catalyzing the global market.
Apart from this, the inflating need for the 5G infrastructure to improve operational productivity and precision, owing to the automation of various industrial processes, is acting as another significant growth-inducing factor. Additionally, several technological advancements in artificial intelligence (AI) and machine learning (ML) are also stimulating the market growth.
Furthermore, the growing popularity of high-capacity games and on-demand content is anticipated to propel the coherent optical equipment market over the forecasted period.
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Who are the key players operating in the industry?
The report covers the major market players including:
Major Players Covered:
- Acacia Communications Inc. (Cisco Systems Inc)
- Ciena Corporation
- Fujitsu Limited
- Huawei Technologies Co. Ltd.
- Infinera Corporation
- NEC Corporation
- Nokia Oyj
- Ribbon Communications Operating Company Inc.
- ZTE Corporation
- Zygo Corporation (AMETEK Inc)
Report Segmentation:
The report has segmented the global coherent optical equipment market on the basis of technology, equipment, application, end user and region.
Breakup by Technology:
- 100G
- 200G
- 400G+
- 400G ZR
Breakup by Equipment:
- Wavelength-Division Multiplexer (WDM)
- Modules/Chips
- Test and Measurement Equipment
- Optical Amplifiers
- Optical Switches
- Others
Breakup by Application:
- Networking
- Data Center
- Original Equipment Manufacturers (OEMs)
Breakup by End User:
- Service Provider
- Public Sector
- Industries
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Explore Full Report Description At: https://www.imarcgroup.com/coherent-optical-equipment-market
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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