The Asia Pacific Optical Communication and Networking Equipment Market would witness market growth of 9.2% CAGR during the forecast period (2022-2028).
In addition, optical communication allows both long-distance transmission and the transmission of more data. So, it is easy to communicate with other countries by using fiber-optic cables that have been constructed on the ocean floor. The speed of optical and electrical waves is the same. However, due to the longer satellite transmission path, the signal comes later. The signal will go more quickly because the undersea cable is substantially shorter.
By the use of optical communication, many users can simultaneously receive the necessary information (movies or news, etc.). Only 10Gb of information could be transmitted electrically in a second (10 billion 0 and 1 signals). Whereas, optical communication can send up to 1Tb of information (1 trillion 0 and 1 signals).
The rise in government initiatives to provide better technology to handle anticipated increases in data transmission requirements is the major factor responsible for the growth of the optical communication & networking equipment market in the Asia Pacific region. In addition, a strong IoT adoption rate and the availability of high-resolution movies are pushing operators to build out networks with more capacity, which is further advancing the regional industry. The region is a significant hub for the automotive, industrial, and consumer electronics sectors. Besides this, increasing adoption of smartphones, rising internet penetration, growing demand for connectivity, and rising focus on improving existing networks as well as establishing new connectivity networks will boost the market in the Asia Pacific region.
The China market dominated the Asia Pacific Optical Communication and Networking Equipment Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,275.1 million by 2028. The Japan market is exhibiting a CAGR of 8.6% during (2022 - 2028). Additionally, The India market would display a CAGR of 9.9% during (2022 - 2028).
Based on Component, the market is segmented into Optical Fibers (Multi-Mode Fibers and Single-Mode Fibers), Optical Transceivers, Optical Amplifiers, Optical Switches, Optical Splitters, Optical Circulators, and Others. Based on Vertical, the market is segmented into IT & Telecom, BFSI, Government, Military & Defense, Healthcare, and Energy, Utilities & Others. Based on Data Rate, the market is segmented into Up To 40 GBPS, Greater Than 40 Gbps To 100 Gbps, and Greater Than 100 Gbps. Based on Technology, the market is segmented into Wavelength Division Multiplexing (WDM), SONET/SDH, and Fiber Channel. Based on Application, the market is segmented into Datacenter, Telecom, and Enterprises. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Optical Communication and Networking Equipment Market is Projected to reach USD 38.5 Billion by 2028, at a CAGR of 8.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Fujitsu Limited, Cisco Systems, Inc., Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), Nokia Corporation, Juniper Networks, Inc., ZTE Corporation, ADTRAN, Inc., II-VI Incorporated, Ciena Corporation, and Infinera Corporation.
By Component
By Vertical
By Data Rate
By Technology
By Application
By Country
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