The Europe Optical Communication and Networking Equipment Market would witness market growth of 8.4% CAGR during the forecast period (2022-2028).
High-bandwidth oriented fiber optical cables combined with optical transceivers are needed for the deployment of the 5G and 6G networks in order to ensure secure and dependable data transfers. As a result, the market for optical communication and networking equipment will be driven in the future by the construction of optical communication infrastructure in developing countries.
Moreover, the use of optical communication would result in saving energy. Every 100 meters, the signal needs to be adjusted in case the person is using electrical communication. Using optical communication, on the other hand, necessitates a distance of more than 100 kilometers. Less frequent signal adjustments result in less equipment being utilized, which saves energy.
For instance, when people phone or chat online now with international friends, people will experience there is no difference with the local conversation, without lag in the audio. In a period of electrical communication, one could communicate at a short distance and transfer less information, & international communication is largely transmitted using satellite as a relay
The optical communication & network equipment market is expanding continuously in the Europe region which can be attributed to ongoing technological advancement, strategic alliances between major industry players for the construction of optical networks, and supportive government initiatives. Due to the increasing demand for broadband connections, telecommunications providers are spending more money on optical equipment, which is the cause of this regional market growth. The adoption of the 5G action plan by the European Commission also considerably advances the market under study. Beyond all else, the optical communication & network equipment market is expected to grow across the region due to the presence of major players such as Nokia, Ericsson, and others.
The Germany market dominated the Europe 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 $2,505.5 million by 2028. The UK market is anticipated to grow a CAGR of 7.5% during (2022 - 2028). Additionally, The France market would witness a CAGR of 9.2% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Optical Communication and Networking Equipment Market will Hit $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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