Coherent Optical Equipment Market Expected to Reach US$ 34,599.0 Mn by 2026

According to a new market report titled Coherent Optics Market -Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026, published by Transparency Market Research the global Coherent Optics Market is expected to reach US$ 34,599.0 Mn by 2026, expanding at a CAGR of 9.1% from 2018 to 2026.

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According to the report, the global market is expected to continue to be influenced by a range of macroeconomic and industry-specific factors. North America is anticipated to continue to be at the forefront of global demand, with the market in the region expanding at a CAGR of 8.0% during the forecast period. Technical advancements, increased digitization, high internet penetration, and presence of a large number of optical equipment providers are anticipated to drive the Coherent Optics Market in North America.

Rising Significance of High Speed Bandwidth and Technological Advancement across the World Driving the Global Coherent Optics Market

Increasing adoption of new IT solutions with modern consumer trends in different organizations, and IT modernization is expected to boost the Coherent Optics Market in the coming years. Moreover, growing internet penetration is expected to fuel the growth of the market in the near future.

Both North America and Europe are mature regions of the market, due to high awareness about Coherent Optics among users and technological developments. However, the market in Asia Pacific is expected to expand at a robust pace during the forecast period. Rise in penetration of technology as well as significant investments in the optimal utilization of IT solutions across countries such as the U.S., U.K., Germany, France, China, India, and Brazil are anticipated to offer lucrative opportunities for Coherent Optics providers in the near future.

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Coherent Optics Market: Scope of the Report

Based on technology, the global Coherent Optics Market has been segmented into 100G, 200G, 400G+, and 400G ZR. The 100G segment held significant market share, followed by 200G and 400G+ technology segments in 2017. However, 400G+ segment is projected to witness significant growth in the coming years and is expected to hold prominent share of the market by the end of the forecast period. 200G and 400G+ technology are expected to see strong growth over the forecast period. The report includes analysis of the Coherent Optics Market by region, segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

On the basis of equipment, the global Coherent Optics Market has been segmented into WDM (Wavelength-Division Multiplexer), modules/chips, test & measurement equipment, optical amplifiers, optical switches, and others. Others equipment segment includes optical fiber, optical splitters, fiber optic circulators, optical transceivers etc. WDM segment accounted for major market share in 2017 and is expected to retain its position over the forecast period. WDM segment is likely tobe driven by the demand for 100G+ coherent wavelengths.

It is a highly popular equipment that aides in multiplexing of many optical fiber carrier signals into a single fiber optic cable by using different wavelengths of light. The biggest advantage of WDM is that it can carry multiple wavelengths in a single fiber cable. However, the optical switches segment is expected to expand significantly over the forecast period. Moreover, test & measurement equipment segment is projected to gain market share in the coming years as it helps to push the boundaries of high speed optical communication with a range of innovative, easy-to-use modular and customized solutions.

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By end-user, the market is segmented into service provider, public sector, and industries.Growing demand from internet service providers and telecom service providersforhigh data bandwidthis anticipated to drivegrowth ofthe Coherent Optics Market in the coming years. Theservice provider sector is a prominent user of Coherent Optics Market. This segment accounted for major market share in 2017 and is expected to hold its leading position over the forecast period. However, the market in the industries sector is projected to expand at a rapid pace in the near future.

North America held a prominent share of the Coherent Optics Market in 2017.The market in the region is anticipated to expand at a CAGR of 8.0% during the forecast period. In 2017, the U.S. held a significant share in terms of revenue of the Coherent Optics Market in North America,followed by Canada.However, the market in Asia Pacific and MEA is anticipated to expand at a significant CAGR in the coming years.

Global Coherent Optics Market: Competitive Dynamics

The research study includes profiles of leading companies operating in the global Coherent Optics Market. Profiles of market players provide details of company business overview, broad financial overview, business strategies, and recent developments. Some of the key players in the Coherent Optics Market profiled in the study are Ciena Corporation, Huawei Technologies Co., Ltd., Cisco Systems, Inc., Nokia Corporation, Infinera Corporation, Fujitsu Limited, ECI Telecom Ltd. and ZTE Corporation among others.

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