The global optical communication components systems market is expected to grow at a significant CAGR during the forecast period (2021-2027). Rising adoption of cloud-based services and virtualization services all over the world, increasing data traffic due to increased internet usage, and a growing number of data centers are the major factors that are boosting the optical communication components systems market.
Moreover, some other factors that fuel the growth of this market include the increasing adoption of smartphones, a growing number of internet users, the rising demand for connectivity, a growing focus on improving existing networks and establishing new connectivity networks, and increasing bandwidth-intensive applications, such as video-on-demand services. The growing population, increasing investments for R&D activities, and the rising focus of international and domestic IT companies on the growth of big data analytics and cloud-based services, which are expected to drive the growth of this market.
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The global optical communication components systems market analysis includes some of the key market players such as Nokia, Cisco, Ciena, ADTRAN, ZTE, Broadcom, Finisar, and Fujitsu Optical Components, among others. To maintain a strong position in the market, these market players are adopting various strategic moves, such as product launches, partnerships, collaborations, and mergers and acquisitions. For instance, In March 2019, Huawei launched the world’s first single-wavelength 50G passive optical network (PON) prototype that can provide 50 Gbps downstream transmission rates and 25 Gbps/50 Gbps upstream transmission rates over a single wavelength at the Mobile World Congress 2019.
Market Coverage
· The market number available for – 2020-2027
· Base year- 2020
· Forecast period- 2021-2027
· Segment Covered
· Regions Covered- Globally
· Competitive Landscape: Nokia, Cisco, Ciena, ADTRAN, ZTE, Broadcom, Finisar, and Fujitsu Optical Components, among others.
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Global Optical Communication Components Systems Market by Segment
By Type
• Transceiver
• Amplifier
• Switch
• Splitter
• Circulator
By Application
• Logistics and Warehousing
• Military
• Healthcare
• IT & Telecom
• Media & Entertainment
• Others
Global Optical Communication Components Systems Market by Region
North America
· United States
· Canada
Europe
· UK
· Germany
· Spain
· France
· Italy
· Rest of Europe
Asia-Pacific
· India
· China
· Japan
· South Korea
· Rest of APAC
Rest of the World
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