The Global Coherent Optical Equipment Market is estimated to grow at a CAGR of 9.4% during the forecast period 2019-2026. The market research study presents that the coherent optical equipment industry accounted $18.64 billion in the year 2018 and is estimated to reach $37.18 billion by the end of the year 2026.
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The coherent optical equipment industry is driven by various growth factors such as technological advancements in networking infrastructure, growth in demand to minimize latency issues, increase in requirement of high-speed bandwidth data and increasing internet penetration across the globe have boosted the growth of the coherent optical equipment industry. However, high investment at initial phase hinders the market growth over the forecast period.
Segmentation Overview of the Global Coherent Optical Equipment Market
The global coherent optical equipment market is segmented on the basis of technology, equipment, application and end-user. These market segments are further categorized into various sub-segments to study the market in detail considering the various market segments during the forecast period.
The Technology Segment of the Global Coherent Optical Equipment Market is Sub-Segmented into:
The Equipment Segment of the Global Coherent Optical Equipment Market is Sub-Segmented into:
The Application Segment of the Global Coherent Optical Equipment Market is Sub-Segmented into:
The End User Segment of the Global Coherent Optical Equipment Market is Sub-Segmented into:
Geographical Overview of the Global Coherent Optical Equipment Market
The global coherent optical equipment market is segmented on the basis of various geographical regions, such as:
As per the regional study, the North America coherent optical equipment market held the largest market share in the global marketplace in the year 2018, the region accounted for ~2/5th of the global market. The regional growth is attributed to rapid shift to next-generation technologies and networks. Also, presence of major key players in the regional market such as Cisco Systems and Ciena Corporation is significantly contributing towards the market growth. However, the Asia-Pacific coherent optical equipment market is estimated to witness a fastest growth with a CAGR of 12% during the forecast period 2019-2026. The regional market growth is attributed to increasing demand for the Internet in developing regions such as Taiwan, China and India; increasing awareness related to benefits provided by technology in the region and growth in industrialization.
Market Competition Insights
Telefonaktiebolaget LM Ericsson, ZTE Corporation, NEC Corporation, Nokia Corporation, Huawei Technologies Co. Ltd., Infinera Corporation,ECI Telecom Ltd., Fujitsu Limited, Ciena Corporation and Cisco Systems Inc. are some key players included in the research study of the global coherent optical equipment market. The market players are adopting various competitive strategies to withhold the large market share in the global coherent optical equipment market.
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