optical communication system market

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optical communication system market Research
Report Forecast 2023
optical communication system market Research
Report Forecast 2023
P a g e
1 Copyright 2017 Market Research Future.
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optical communication system market Research
Report Forecast 2023
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optical communication system market Research
Report Forecast 2023
Summary
The global optical communication system market
is presumed to garner USD 24 billion and expand
at 9 CAGR during the forecast period
(2017-2023) owing to the increasing demand for
next generation of high bandwidth data center,
asserts Market Research Future (MRFR). Optical
communication refers to the process of sending
information at a distance by using light as a
carrier. The system comprises a channel, a
modulator or transmitter, and a receiver or a
photo-detector. The commonly used channel for
optical communication is optical fibers which
carry optical information to the
destination. Drivers and Constraints Impacting
the Market With the rising demand for next
generation of high communication network and
bandwidth data center, the global optical
communication market is likely to propel during
the assessment period. Advanced optical solution
serves commercial markets including
semiconductor, ophthalmic, medical, astronomy,
and others. For instance, advanced optics are
utilized in a number of products so that it
reaches the medical optics market from optical
fiber to full detection systems. Innovation in
data transmission and communication at
long-distance and high-speed is appealing the
market growth. Moreover, increasing need for
reliable and faster communication network,
growing adoption of cloud-based services, and
growing data centers are some of the major
factors contributing to the market growth. On
the flip side, risk associated with fiber hacks
is anticipated to retard the market growth in the
coming years. Also, high cost of long-distance
cables poses challenge to the global market.
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optical communication system market Research
Report Forecast 2023
Competitive Analysis and Industry News
Industry News September 10, 2018 Boeing
invested in BridgeSat which is an optical
communications solutions company. They work to
enable the future of connectivity in space with
the help of proprietary space terminals and a
network of ground stations. BridgeSat is
developing a global network of Optical Ground
Stations in order to transmit large amounts of
data into space reliably and at a fast pace. The
stations support Geostationary Orbit and Low
Earth Orbit satellite optical communications,
thus enabling secure transmissions between
spacecraft, satellites, high-altitude aircrafts,
and unmanned aerial vehicles. Competitive
Dashboard The major players operating the global
market are Telefonica, ATT Inc. (U.S), Vodafone
Group PLC (UK), Singapore Telecommunications
Limited (Singapore), Hetzner Online GmbH
(Germany), Deutsche Telekom AG (Germany), Maxim
Integrated (U.S), Telstra Corporation Ltd.
(Australia), S.A (Spain), Orange (France),
Verizon Communications (US), Telkom SA SOC Ltd.
(South Africa), and others.
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optical communication system market Research
Report Forecast 2023
Global optical communication system market
Segmental Analysis
The global optical communication system market
has been segmented on the basis of technology,
component, end-users, applications, and
region. By mode of components, the global market
for optical communication has been segmented into
optical transceivers, optical switches, optical
fibers, optical splitters, optical amplifiers,
optical circulators, and others. Among these, the
optical fibers segment is further sub-segmented
into single-mode and multimode optical fiber. By
mode of technology, the global market for optical
communication has been segmented into fiber
channel, synchronous optical networking,
wavelength-division multiplexing, and others. By
mode of application, the global market for
optical communication has been segmented into
telecom, enterprise, data center, and others. By
mode of end-users, the global market for optical
communication has been segmented into IT
telecommunications, aerospace and defense,
astronomy, industrial, medical, and others.
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optical communication system market Research
Report Forecast 2023
Regional Analysis
Geographically, the optical communication system
market span across regions namely, North America,
Asia Pacific, Europe, and Rest-of-the-World. Amon
g all the regions, the North American region is
considered to be one of the leading regions in
terms of market share. The optical communication
market has tremendous demand in this region owing
to the rising data rates that enable rise in data
collection and reduction in operational
complexity. The optical communication market in
the European region is presumed to register rapid
growth in the assessment period owing to the
presence of highly advanced telecommunication
network in this region. Asia Pacific is an
emerging region for optical communication market
and is presumed to register the highest CAGR
during the assessment period owing to the
increasing focus of leading market players on
targeting optical communications to meet the
customers requirements.
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optical communication system market Research
Report Forecast 2023