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Optical Communication and Networking Market Share

Report ID: GMI4254
Published Date: Jul 2024
Report Format: PDF

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Optical Communication and Networking Market Share

The optical communication and networking sector is shaped significantly by industry leaders such as Huawei, Nokia, Ciena Corporation, ZTE Corporation, FiberHome, Fujitsu, and NEC Corporation. Huawei stands out for its pioneering advancements in DWDM and coherent optics, crucial for enhancing data transmission efficiency in 5G networks and cloud services. Meanwhile, Nokia excels with its comprehensive optical networking solutions, including coherent optics and SDN technologies, supporting scalable and reliable network infrastructures globally.

Ciena Corporation is renowned for its WaveLogic coherent optics and software-defined networking innovations, empowering operators with flexible and automated network capabilities across various applications. ZTE Corporation contributes extensively to the market with its comprehensive optical transport network solutions, focusing on high-performance 400G technologies and beyond to meet increasing bandwidth demands.

FiberHome plays a critical role with its diverse portfolio of optical communication products, catering to broadband access, mobile backhaul, and data center interconnect needs. Fujitsu's expertise in coherent optics and SDN solutions enhances its position in delivering robust optical transport systems and submarine networks, essential for global connectivity.

Optical Communication and Networking Market Companies

Major players operating in the industry are:

Huawei
Nokia
Ciena Corporation
ZTE Corporation
FiberHome
Fujitsu
NEC Corporation

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

The industry size for optical communication and networking was valued at USD 21.82 billion in 2023 and is anticipated to register over 8.7% CAGR from 2024-2032 due to exponential growth of data traffic from video streaming, cloud computing, IoT devices, and 5G networks

The optical transceiver component segment accounted for over 32% share of the optical communication and networking industry in 2023 owing to adoption of higher-speed interfaces, such as 400G and 800G, which enable faster data transmission rates and greater bandwidth capacity.

Asia pacific recorded over 34% of the industry share in 2023 led by dynamic economic growth, rapid urbanization, and extensive digital transformation initiatives.

Huawei, Nokia, Ciena Corporation, ZTE Corporation, FiberHome, Fujitsu and NEC Corporation