Optical Transport Network Equipment Market Forecast Report 2020: USD 16.64 Billion Market Growth Opportunity by 2024 | Technavio


NEW YORK, June 23, 2022 /PRNewswire/ — The optical transport network equipment market size is expected to grow by USD 16.64 billion from 2019 to 2024, progressing at a CAGR of 16% as per the latest market report by Technavio. The key factor driving growth in the optical transport network equipment market is the growing mobile data traffic. The global smartphone market has been seeing massive growth since 2010. Internet-based smartphone applications that are used by end consumers transfer data via a massive network of optical fibers. Optical fiber infrastructure connects to cell towers where RF photons accumulated from several billion mobile devices such as smartphones and tablets are converted to infrared photons to ensure efficient and effective fiber-optic backhaul transferred to all-fiber metropolitan, long-haul, regional, and submarine networks, which connect cities, countries, and continents. Therefore, with the growing adoption of smartphones and tablets, the demand for OTNs and the associated hardware will accelerate during the forecast period, as cellular networks will see growth in mobile data, which will require efficient fiber-optic network infrastructure.

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Optical Transport Network Equipment Market: Segmentation Analysis

The optical transport network equipment market research report extensively covers optical transport network equipment market segmentation by technology (WDM and SONET/SDH) and geography (North America, APAC, Europe, South America, and MEA). 

Technology Landscape
  • The optical transport network equipment market share growth by the WDM segment will be significant for revenue 
  • The WDM segment of the global OTN equipment market is expected to grow during the forecast period, primarily due to the significant investments of China in the development of broadband infrastructure, with a focus on 100G fiber-optic Internet connections.
  • With the growing demand for data services, the demand for high-speed fixed broadband is also increasing, along with the demand for high-speed data center interconnections. In response to the growing demand for high-speed broadband, service providers are replacing SONET gears with WDM equipment. The primary driving factor for the WDM segment will be the increasing demand for 100 Gbps networks during the forecast period.
 Geography Landscape
  • 36% of the market’s growth will originate from North America during the forecast period. The US is the key market for optical transport network equipment in North America. Market growth in this region will be faster than the growth of the market in the European, MEA, and South American regions.
  • The region has been witnessing a significant surge in demand for fiber-optic connections from residential as well as business customers. In North America, the communications industry is booming because of the use of the Internet for purposes such as online gaming, social media, video chatting, and online shopping. 

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Companies Covered:

The optical transport network equipment market is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market.

  • ADTRAN Inc.
  • ADVA Optical Networking SE
  • Ciena Corp.
  • Cisco Systems Inc.
  • Fujitsu Ltd.
  • Huawei Investment & Holding Co. Ltd.
  • Infinera Corp.
  • Juniper Networks Inc.
  • Nokia Corp.
  • ZTE Corp.
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Get ready to achieve excellent business outcomes from this exclusive Optical Transport Network Equipment Market report by Technavio. The report will include highlights of the overall market which includes frequently asked questions such as –

  • What are historical revenue figures and estimated revenue figures as well as CAGR during the forecast timeframe?
  • What is the current trend taking place in the market space?
  • Which business tactics will influence competitive scenarios along with defining the market’s growth potential?
  • What are market drivers, restraints, and challenges impacting demand & growth of the market?
  • Which regions & segments will garner massive revenue and emerge as market leaders in upcoming years?

The competitive scenario provided in the Optical Transport Network Equipment Market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc. Don’t wait, Make a strategic approach & boost your business goals with our Optical Transport Network Equipment Market Forecast Report – Buy Now!

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Optical Transport Network Equipment Market Scope

Report Coverage

Details

Page number

120

Base year

2019

Forecast period

2020-2024

Growth momentum & CAGR

Accelerate at a CAGR of 16%

Market growth 2020-2024

USD 16.64 billion

Market structure

Concentrated

YoY growth (%)

13.78

Performing market contribution

North America at 36%

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

ADTRAN Inc., ADVA Optical Networking SE, Ciena Corp., Cisco Systems Inc., Fujitsu Ltd., Huawei Investment & Holding Co. Ltd., Infinera Corp., Juniper Networks Inc., Nokia Corp., and ZTE Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Content

Executive Summary

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Technology

  • Market segments
  • Comparison by Technology
  • WDM – Market size and forecast 2019-2024
  • SONET/SDH – Market size and forecast 2019-2024
  • Market opportunity by Technology

Market Segmentation by End-user

  • Market segments
  • Comparison by End-user
  • Communication service providers – Market size and forecast 2019-2024
  • Enterprises – Market size and forecast 2019-2024
  • Public sector – Market size and forecast 2019-2024
  • Others – Market size and forecast 2019-2024
  • Market opportunity by End-user

Customer Landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America – Market size and forecast 2019-2024
  • APAC – Market size and forecast 2019-2024
  • Europe – Market size and forecast 2019-2024
  • South America – Market size and forecast 2019-2024
  • MEA – Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption
  • Industry risks

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • ADTRAN Inc.
  • ADVA Optical Networking SE
  • Ciena Corp.
  • Cisco Systems Inc.
  • Fujitsu Ltd.
  • Huawei Investment & Holding Co. Ltd.
  • Infinera Corp.
  • Juniper Networks Inc.
  • Nokia Corp.
  • ZTE Corp.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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