Coherent Optical Equipment Market-Increasing Demand For High Speed Bandwidth Fro

Posted by Monali Raghuwanshi on August 13th, 2019

Coherent Optical Equipment Market – Snapshot

Coherent optical equipment refers to all the equipment in the optical network which supports 100G+ speed for data transmission. Significant growth in bandwidth requirements to reduce latency issues and provide smooth data transmission is estimated to fuel the growth of the coherent optical equipment market.

Many technological advancements have taken place in the optical network equipment market in recent years. Internet service providers, telecom service providers, public sector, and different industries are extensively using coherent optical equipment due to tremendous growth of internet penetration among the population, and increasing demand for high quality audio and visuals. Therefore, the coherent optical equipment market is expected to expand at a rapid pace in the coming years. Growing need to adopt new IT solutions with modern consumer trends across the world is driving the demand for coherent optical equipment. This is anticipated to propel the market over the forecast period. Moreover, increasing demand for high speed bandwidth from the telecom industry is expected to fuel the growth of the market in the near future. However, high initial investment is anticipated to hinder the growth of the market across the world. The coherent optical equipment market is likely to reach a value of US$ 34,599.0 Bn by 2026 from US$ 15,966.9 Mn in 2017, expanding at a CAGR of 9.1% during the forecast period.

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Based on technology, the coherent optical equipment market has been segmented into 100G, 200G, 400G+, and 400G ZR. The 100G segment accounted for significant market share globally in 2017.This segment is projected to maintain considerable market share over the forecast period. Both residential and business customers are demanding high speed bandwidth. The adoption of 100G coherent technology has surged both in long haul networks and metro networks. Coherent optical fiber enables greater network programmability and flexibility by supporting different baud rates and modulation formats. This results in greater flexibility in line rates, with scalability from 100G to 400G and beyond per single signal carrier, delivering increased data transmission throughput at a lower cost per bit. 400G+ technology segment is estimated to expand at a rapid pace during the forecast period with growing demand from the public sector and industries end-use sectors.

Based on equipment, wavelength-division multiplexer (WDM) accounted for leading market share in 2017 followed by optical switches, and is expected to retain its position over the forecast period. WDMs are used to increase capacity of communication in different applications such as access, enterprise communication, backhaul, long-haul, and metro networks. However, optical switches segment is expected to expand at a significant pace over the forecast period from 2018 to 2026. Moreover, test & measurement equipment segment is projected to gain market share in the coming years due to increasing demand for higher capacity communication networks from end-users as well as different industry verticals.