According to a recent study released by Persistence Market Research, the global optical communication and network equipment market is expected to grow from US $22 billion in 2022 to US $44.5 billion in 2032, with a 10-year CAGR of 7.3%.
According to the analysis, cloud services and virtualization services will be more and more widely used in the world from 2022 to 2032, accelerating the market growth of optical communication and network equipment.
In addition, the increasing penetration of smart phones in the global market, the increasing demand for mobile broadband services, and the increasing traffic caused by the rapid growth of the number of data centers have also become the main driving force for the growth of the global optical communication equipment market.
According to the study, the global optical communication and network equipment market is expected to double in size by 2032.
From the perspective of products, due to the introduction of new applications (such as wearable devices, the Internet of Things and cloud computing) brought by changes in consumer demand, the composite annual growth rate of the optical fiber industry will reach 6.8% between 2022 and 2032.
From a technical point of view, because the WDM network solution based on roadm has become one of the emerging trends in the global optical network and communication market, manufacturers will invest a huge amount of money to build optical equipment based on WDM roadm. It is expected that the compound annual growth rate of WDM category will reach 6.7% from 2022-2032.
In addition, Persistence Market Research also made the following predictions:
The accelerated deployment of VoIP, LTE and 5G networks is expected to provide a favorable environment and opportunity for the growth of the optical communication and network equipment market.
The increase of AI and IoT applications is expected to be two major opportunities for the growth of optical communication and network equipment industry in the forecast period.
Driven by the acceleration of the global 5G deployment, the growth rate of the telecom equipment market is expected to recover in the next few years.
High initial deployment costs and limited optical network infrastructure may adversely affect the optical network equipment market.
At present, the global optical communication and network equipment market is divided into five major geographical regions by region: North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and Latin America.
From 2022 to 2032, due to the popularity of smart phones and the increasing number of Internet users, the Asia-Pacific region has become the market leader in optical communication and network equipment. In the future, with the increase of bandwidth-intensive applications (such as video-on-demand services) and sufficient government funding, the Asia-Pacific market will continue to grow.
In the Asia-Pacific region, the compound annual growth rate of the Chinese market between 2022 and 2032 is expected to be 6.8%, and the market share will reach US $3.2 billion by 2032. Compared with other regions, the compound annual growth rate of the U.S. market between 2022 and 2032 is 6.9%, and the market share will reach 15.6 billion dollars by 2032, while the market share of Japan, the United Kingdom and South Korea will also reach 2.7 billion dollars, 1.9 billion dollars and 1.8 billion dollars in the same period.