Covid-19 Impact on Optical Communication market

1
Covid-19 Impact on Optical Communication market
Research
Report Forecast 2023
Covid-19 Impact on Optical Communication market
Research Report Forecast 2023
P a g
e 1 Copyright 2017 Market Research Future.
2
Covid-19 Impact on Optical Communication market
Research Report Forecast 2023
VIEW REPORTS
SAMPLE REPORTS
3
Covid-19 Impact on Optical Communication market
Research Report Forecast 2023
Summary
The global Covid-19 Impact on Optical
Communication 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.
4
Covid-19 Impact on Optical Communication 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.
5
Covid-19 Impact on Optical Communication market
Research Report Forecast 2023
Global Covid-19 Impact on Optical Communication
market Segmental Analysis
The global Covid-19 Impact on Optical
Communication 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.
6
Covid-19 Impact on Optical Communication market
Research Report Forecast 2023
Regional Analysis
Geographically, the Covid-19 Impact on Optical
Communication market span across regions namely,
North America, Asia Pacific, Europe, and
Rest-of-the-World. Among 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.
7
Covid-19 Impact on Optical Communication market
Research Report Forecast 2023