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Optical Communications Market Upsurges to Perceive Heightened Growth by 2023

Optical Communications Market, By Component (Optical Switches, Optical Transceivers, Optical Amplifiers, Optical Circulators, Optical Splitters, Optical Fibers), Technology, Application, End Users- Forecast till 2023.


Pune, India -- (SBWIRE) -- 12/01/2017 -- Market Highlights:

The study reveals that North America region dominates the optical communications market. Innovation in communication and data transmission at high-speed and long-distance is appealing the market growth. The demand for optical communication is growing due to various factors such it reduces the complexity, shortened manufacturing cycles, increase the value of the products, and others. In 2016, Corning Incorporated went into the merger agreement with Alliance Fiber Optic Products, Inc. to expand its market access to cloud data-center operators and original equipment manufacturer.

The North America region is experiencing higher demand from various sectors such as aerospace, healthcare, telecommunications and others. The prominent companies such as Verizon Communications (US), AT&T Inc. (U.S), Maxim Integrated (U.S) are providing optical communications solutions to improve signal processing functions. Due to the changing market trends & emerging opportunities, optical communications market is estimated to grow rapidly with a huge demand in the market.

Increasing demand for next generation of high bandwidth data center and communication network are driving the market growth to a great extent. With cutting-edge, advanced optical solutions serve a number of commercial market including astronomy, medical, ophthalmic, semiconductor, and others. For instance, advanced optics are used in number of products that reach the medical optics market from optical fiber to full detection systems.

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Major Key Players

Verizon Communications (US),
AT&T Inc. (U.S),
Maxim Integrated (U.S),
Vodafone Group PLC (UK);
Deutsche Telekom AG (Germany),
Telefonica, S.A (Spain),
Orange (France),
Telkom SA SOC Ltd. (South Africa),
Telstra Corporation Ltd. (Australia),
Singapore Telecommunications Limited (Singapore),
Hetzner Online GmbH (Germany)

Global Optical Communications Market is expected to grow at USD ~24 billion by 2023, at a CAGR of ~9% during the forecast period 2017-2023.

Market Research Analysis:

The global optical communications market is studied on the basis of four regions: the Americas, Europe, Asia Pacific, and Rest of world. North America region is dominating the global optical communications market. The optical communications market is witnessing a high growth due to huge demand for photonics, communications, electronics, and signal processing. Europe is projected to hold the second largest share of optical communications market during the forecast period. Asia Pacific is expected to witness the highest CAGR in the coming years.

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Intended Audience:

- Optical communications companies
- Optical communications providers
- Technical universities
- System integrators
- Managed Security Service Providers
- Professional service providers
- Research and development companies
- Market research and consulting firms
- Solution providers
- Technology standards organizations
- Technology investors
- System Integrators

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