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Optical Communication and Networking Equipment Market to Reach $54.0 Billion, Globally, by 2032 at 8.7% CAGR: Allied Market Research

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The optical communication and networking equipment market is going through enormous transformation and growth. Optical communication and networking equipment are necessary for communication across the internet.

WILMINGTON, Del., Aug. 20, 2024 /PRNewswire/ — Allied Market Research published a report, titled, “Optical Communication and Networking Equipment Market by Component (Optical fiber, Transceiver, Switch and Others), Technology (SONET, WDM, and Fiber Channel), and Industry Vertical (IT and telecom, BFSI, Military and Defense, Oil and Gas, Medical and Healthcare and Others): Global Opportunity Analysis and Industry Forecast, 2024-2032″. According to the report, the optical communication and networking equipment market was valued at $25.7 billion in 2023, and is estimated to reach $54.0 billion by 2032, growing at a CAGR of 8.7% from 2024 to 2032.

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63 – Tables131 – Charts300 – Pages

Prime Determinants of Growth

The optical communication and networking equipment market’s growth hinges on technological advancements, driving demand by enhancing data transmission speeds, increasing bandwidth, and improving reliability. Emerging technologies like 5G, IoT, and cloud computing necessitate robust optical infrastructure, further stimulating market growth. Government initiatives and investments in broadband infrastructure significantly impact market expansion, with policies promoting digital inclusion and internet access driving optical network deployment. Additionally, the escalating demand for high-speed data transfer and low latency, fueled by the proliferation of digital applications like video streaming and telemedicine, amplifies the need for optical communication solutions.

Report Coverage & Details:

Report Coverage

Details

Forecast Period

2024–2032

Base Year

2023

Market Size in 2023

$25.7 billion

Market Size in 2032

$54.0 billion

CAGR

8.7 %

No. of Pages in Report

300

Segments Covered

Component, Technology, Industry Vertical, and Region.

Drivers

Surge in data traffic owing to the increased internet usageIncrease in number of data centersRise in adoption of cloud based as well as virtualization services

Opportunities

Acceleration in deployment of VoIP, LTE, and 5G networksRise in adoption of AI and IoT

Restraint

Huge initial investment

The optical fiber segment is expected to grow faster throughout the forecast period

By component, the optical fiber is expected to be the fastest growing segment over the forecast period. The extensive adoption of optical fiber cable in telecom sector is one of the major factors fueling growth in the market.

The WDM segment dominated the market in 2023

By technology, the WDM segment held the highest market share in 2023, and expected to be fastest growing segment over the forecast period. Growing adoption of WDM technology for the data transfer over longer distances fuels growth of the segment. This is attributed to the fact that it significantly reduces the number of fibers used in the transmission line. In addition, factors such as the need to enhance the scalability of the optical fiber and increasing demand for networks with high data transfer speed and capacity drives adoption of WDMs technology in optical fiber communication. The use of WDMs has enabled network service providers to transfer multiple signals of data by simply differentiating between their wavelengths. This helps to boost the capacity of the network and can be used for several different communication applications. Aforementioned factors significantly drive the growth of the market.

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The IT Telecom segment is expected to lead throughout the forecast period

By industry vertical, the IT telecom segment held the highest market share in 2023. Optical networks have become telecommunication backbone enabling portable devices and computers across IT & telecom sector to exchange information almost instantly. Optical communication and networking equipment has several applications in IT & telecom sector ranging from major telecommunications infrastructure to Ethernet systems, general data networking, and broadband distribution.

Asia-Pacific to maintain its dominance by 2032

Asia-Pacific is expected to continue its dominance during the forecast period. Factors such as a growing number of internet users, increasing adoption of smartphones, and the rising demand for connectivity fuels optical communication and networking equipment market in Asia-Pacific. In addition, the extensive development of 5G as well as advanced network infrastructure fuels demand for optical communication and networking equipment.

Key Players:

Arista Networks, Inc.Cisco Systems, Inc.EricssonFujitsu Optical Components LimitedHuawei Technologies Co., Ltd.Juniper Networks, Inc.Mitsubishi ElectricNEC CorporationNokia CorporationZTE Corporation

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The report provides a detailed analysis of these key players in the global optical communication and networking equipment market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

Key Benefits for Stakeholders:

This optical communication and networking equipment industry report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics, and of optical communication and networking equipment market forecast analysis from 2024 to 2032 to identify the prevailing optical communication and networking equipment market opportunities.The optical communication and networking equipment market analysis is offered along with information related to key drivers, restraints, and opportunities.Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.In-depth analysis of the optical communication and networking equipment market segmentation assists to determine the prevailing market opportunities.Major countries in each region are mapped according to their revenue contribution to the global market. Major countries market such as optical communication and networking equipment for US market and optical communication and networking equipment for China market covered in the report. Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the optical communication and networking equipment manufacturer. Also information regarding related market such as fiber optic communication is also covered in the report. Optical communication and networking equipment market data is estimated on the basis of authenticate secondary and  primary sources. Optical communication and networking equipment company list can be customized according to client requirement. The related report information such as fiber optic communication and free space optical communication will be covered in the report for qualitative information.The report includes the analysis of the regional as well as global optical communication and networking equipment market trends, optical communication and networking equipment company list, optical communication and networking equipment market size by country, optical communication and networking equipment market share by companies,  optical communication and networking equipment sector analysis, optical communication and networking equipment market insights.

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Optical Communication and Networking Equipment Market Key Segments:

By Component

Optical fiberTransceiverSwitchOthers

By Technology

SONETWDMFiber Channel

By Industry Vertical

IT and telecomBFSIMilitary and DefenseOil and GasMedical and HealthcareOthers

By Region:

North America (U.S., Canada, and Mexico)Europe (UK, Germany, France, Russia, and Rest of Europe)Asia-Pacific (China, Japan, India, Australia, South Korea, and Rest of Asia-Pacific)Latin America (Brazil, Argentina, and Rest of Latin America)Middle East and Africa (UAE, Saudi Arabia, and Rest of Middle East and Africa)

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Optical Fiber Patch Cord Industry generated $1.9 Billion in 2022, and is projected to reach $3.0 Billion by 2032, registering a CAGR of 5.0% from 2023 to 2032

Optical Fiber Market was valued at $3,477 million in 2017, and is projected to reach $8,153 million by 2025, growing at a CAGR of 11.6% from 2018 to 2025

Optical Detector Market was valued at $3.6 billion in 2021, and is projected to reach $9.8 billion by 2030, growing at a CAGR of 11.82% from 2022 to 2030

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Technology

In Turfan, Xinjiang, China’s first commercially operated microgrid has generated nearly 100 million kWh of electricity

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November 15, 2024

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TURFAN, China, Nov. 15, 2024 /PRNewswire/ — On November 13, the Turfan New Energy City Microgrid Demonstration Project, China’s first commercially operated microgrid demonstration project, generated nearly 100 million kWh of electricity, equivalent to saving 29,000 tons of standard coal and reducing carbon dioxide emissions by 77,600 tons.

A microgrid refers to a small-scale power generation and distribution system organized by distributed power sources, power loads, distribution facilities, monitoring and protection devices, etc., which can realize flexible control and autonomous management. Since the end of 2013, the project had been the largest and most comprehensive solar energy utilization and building integration project in China up to that time, with 8.7 MW of photovoltaic power installed on the roofs of 223 residential buildings, generating an annual power capacity of about 10 million kWh.

To promote the physical operation of the project, the State Grid Turfan Power Supply Company invested more than 2 million yuan to cooperate in the construction of microgrid infrastructure, fully supporting the online operation of surplus new energy power generation, promoting the comprehensive utilization of renewable resources in urban buildings, and helping Turfan build a high-quality development demonstration area and a green and low-carbon pilot area.

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SOURCE State Grid Turfan Power Supply Company

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Innovations in Guiyang: Adhering to New Industrialization and Promoting High-End, Intelligent and Green Manufacturing

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November 15, 2024

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GUIYANG, China, Nov. 15, 2024 /PRNewswire/ — A report by Huanqiu.com

The wave of new industrialization in Guiyang is driving the transformation and upgrading of the manufacturing industry in ways like never before. Guiyang is always strategically oriented toward “industrial structure optimization with a focus on industries”, and has made all efforts to develop “four major industrial bases”, highlighting its industrial economy as the “primary driving force” behind development. Especially relying on its policy edge in renewable energy, Guiyang has rapidly emerged as a national new-energy power battery and materials research, development and production center, injecting strong momentum into the city’s economy.

In October 2023, the CATL (Guizhou) New Energy Power and Energy Storage Battery Production Base, located in Gui’an New Area, Guizhou Province, was put into production. The first phase of the base boasts cutting-edge design standards, characterized by “lighthouse + zero carbon factory”. The high-standard facility employs advanced, high-speed, highly automated, and flexible production lines. It is designed to have an annual production capacity of 30 GWh. After the base achieves the designed production capacity, its annual output value is expected to reach 15 billion yuan. According to statistics, the base realized an industrial output value of 618 million yuan in the first half of 2024, and the year’s industrial output value is expected at about 2 billion yuan.

The Chery (Guizhou) industrial base has also yielded unusually brilliant results in the field of new energy vehicles (NEVs), where Chery Automobile’s self-developed “CHEVOO” new-generation light truck KL71 project is undergoing four-pillar car road tests. The advanced pressing, welding, painting and assembly lines, as well as the R&D lab and the all-electric truck production line, together constitute this “digital intelligent” NEV factory. Moreover, the Chery (Guizhou) industrial base has built, extended and strengthened its vehicle manufacturing industry chain so as to master key parts supply chains and reduce development costs.

The Gui’an FinDreams battery project, as an important move of BYD in Guiyang, is also showing its strength in power batteries for NEVs. FinDreams Battery Co., Ltd. at Longshan Industrial Park in Gui’an New Area has four automatic production lines that are operating at high speeds in the workshop, which produce “blade batteries” which are well-known both in and out of the industry. According to reports, 300 battery packs and 40,000 cells can be produced per day.

Guiyang’s “four bases” – a new energy vehicles and battery materials production base, a resource deep-processing base, a computing power assurance base, and an industrial backup base, contribute greatly to the development of NEV and battery materials industry, electronic information manufacturing industry, and advanced equipment manufacturing industry, etc. Data show that in the first three quarters, the added value of Guiyang’s industrial enterprises above designated size grew by 11%, and the contribution of industrial economy to economic growth reached 39.4%.

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Premialab appointed by Lombard Odier Investment Managers to scale Quantitative Investment Strategies

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14 minutes ago

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November 15, 2024

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Premialab’s technology chosen to enhance QIS scaling, operational efficiency, and risk management.

PARIS, Nov. 15, 2024 /PRNewswire/ — Lombard Odier Investment Managers (LOIM), the institutional asset management business of the Lombard Odier Group, has integrated Premialab‘s industry-leading technology to support the management of their soon-to-be-launched DOM Global Macro strategy. This partnership underscores LOIM’s commitment to onboard innovative strategies in an evolving market landscape.

“Our decision to partner with Premialab is driven by their comprehensive risk management and regulatory compliance expertise,” said Didier Anthamatten, Portfolio Manager at LOIM. “With a strong track record in alternative investments, LOIM remains focused on delivering innovative investment solutions and high-quality returns for our clients. Premialab’s advanced data capabilities are essential in helping us maintain our rigorous standards and provide robust, risk-adjusted performance. Additionally, their platform perfectly matches the DOM Global Macro strategy’s needs, enhancing our risk monitoring capabilities and streamlining portfolio management.”

The DOM Global Macro strategy expects to leverage Premialab’s unique dataset. The full lookthrough across all DOM’s proprietary systematic strategies allows granular risk decomposition and scenario-based analysis at the entire portfolio level. This should help monitoring exposures’ attractiveness, from both time-series and cross-sectional perspectives, and optimizing asset allocation.

Neil Richards, Head of EMEA Business Development at Premialab, said the collaboration with LOIM is a significant addition to Premialab’s growing business in Switzerland and within the wider European markets.

“Institutions such as LOIM, which oversees a substantial portfolio across various asset classes, need continuous monitoring and adjustment to keep their investments on track,” he explained. “Premialab provides the tools for benchmarking and stress testing their systematic investments, ensuring that LOIM’s mandates are effectively managed in terms of cost, risk, and value.”

Premialab CEO Adrien Géliot highlighted that the QIS sector is experiencing rapid growth, driven by institutional investors seeking liquid, transparent, and cost-efficient investment strategies. “Premialab sits at the centre of the QIS landscape, uniquely positioned to aggregate and make sense of the vast and growing universe of data,” he stated. “We are thrilled to be partnering with LOIM to deliver our unique data and risk monitoring capabilities to one of the top global investment firms.”

Premialab’s multi-asset, multi-region platform handles 10 million data points daily. It analyzes over 5,000 investible systematic strategies, with client assets under management totalling approximately USD $20 trillion. Combining the Premialab platform with Premialab Pure Factors®, it provides comprehensive cross-asset quantitative strategy selection and thorough due diligence on strategies available worldwide. Additionally, the platform enhances risk management and reporting capabilities, including expedited and detailed regulatory reporting.

With its unique combination of systematic strategies and discretionary trading, the DOM Global Macro strategy clearly benefits from Premialab’s state-of-the art data analysis capabilities and computational efficiency. The Portfolio and Risk Managers can thus use a shared dataset for risk analysis and performance decomposition, enhancing the portfolio’s robustness and operational efficiency.

About Premialab
Premialab is the leading independent platform that collaborates with leading investment banks and institutional investors globally, providing data, analytics, and risk solutions for systematic, factor, and multi-asset strategies. With offices in London, Paris, New York, Hong Kong, Dubai and Sydney, the company has forged strong partnerships with the top 18 investment banks, asset managers, pension funds, sovereign wealth funds and insurance companies globally.

About Lombard Odier Investment Managers (LOIM)
Lombard Odier Investment Managers (LOIM) is the institutional asset management business of the Lombard Odier Group, wholly owned and funded by its partners since its establishment in 1796.

We provide a range of investment solutions to a diverse group of long-term oriented clients. Our heritage, and our combination of the best of conservatism and innovation, keeps us well positioned to create lasting value for our clients. Our investment capabilities span fixed income, convertible bonds, equities, multi-asset, and alternatives. Sustainability is central to our investment philosophy; we believe it is the founding principle of long-term economic and investment outcomes and will drive returns over the long term.

With over 200 investment professionals, we are a global business with a network of 13 offices across Europe, Asia and North America and have assets under management of CHF 64 billion (as at 31 September 2024).

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