The North America Optical Communication and Networking Equipment Market would witness market growth of 8.2% CAGR during the forecast period (2022-2028).
For various applications in the metro network, data center connectivity, long haul applications, and other areas that call for optical transceivers to be compatible with the complicated network, optical transceiver manufacturers are focusing more on R&D. Compact and power-efficient optical transceivers are available from OEMs including Fujitsu Optical Components (Japan) and Broadcom (US). Due to their great range of data connectivity at a faster rate, this trend is anticipated to promote the market growth of small and compact optical modules. These elements offer the industry for optical communication and networking equipment significant growth potential for optical transceivers.
The development of telecommunications infrastructure will significantly benefit emerging nations. Smart gadgets and other linked applications are in more demand as a result of the development of IoT, AI, and Big Data. Capturing, translating, and transmission of data into useful information, which is essential for the reinforcement of urban infrastructure is made possible by the integrated technologies across telecommunications industries. A high-speed fiber optics network, capable of moving massive volumes of data quickly from one end to the other, serves as the foundation for this kind of infrastructure growth.
North America region has a high demand for optical networks due to the region's abundance of deep-water cables, high level of technological innovation, and long-haul fiber optic networks. The region's dense concentration of data centers and cloud computing is primarily responsible for the market growth. In addition to this, the market is expanding in the United States as well as Canada as a result of the growth of the IT sector. Also, the Canadian Security Telecommunication Advisory Committee enables the public & private sectors to exchange information & to collaborate for ongoing issues. This would help the telecom industry in Canada to grow which would support the market growth.
The US market dominated the North America 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 $9,094.9 million by 2028. The Canada market is poised to grow at a CAGR of 10.7% during (2022 - 2028). Additionally, The Mexico market would showcase a CAGR of 9.7% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Optical Communication and Networking Equipment Market is Estimated to reach $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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