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MARKET OUTLOOK

Triton Market Research’s report states that the Asia-Pacific optical communication and network equipment market is probable to witness growth at a CAGR of 6.51% through the years 2021-2028. South Korea, Australia & New Zealand, India, ASEAN countries, Japan, China, and Rest of APAC form the market in this region.

The Japanese government is thriving to develop better fiber optic and other technologies to meet the future data transmission demands of the 5G network. As per estimates, the new fiber-optic network will reach a speed of up to 10 GBPS. In addition, operators must develop networks with higher bandwidth due to the growing adoption of IoT and the availability of high-resolution videos. Furthermore, the National Institute of Information and Communications Technology will research fiber optic technology to develop new networks that will pave the way for 5G. Hence, all these factors are amplifying the demand for optical communication equipment, thereby driving the growth of the optical communication and network equipment market. 

On the other hand, India’s optical network segment is spread across telecom networks, including backhaul, access, aggregation, and NLD. This is anticipated to grow in the next few years due to continual mobile data consumption growth. Additionally, the Indian equipment maker Tejas Networks announced its plan to supply optical networking and broadband access products to Mexico’s leading digital infrastructure company. This will increase the country’s stake in the market at a global level. Therefore, as stated above, these factors widen the scope and development of the Indian optical communication and network equipment market. 

COMPETITIVE OUTLOOK

Leading enterprises in the optical communication and network equipment market comprise Juniper Networks Inc, Fujitsu Optical Components Limited, Mitsubishi Electric Corporation, Arista Networks Inc, NEC Corporation, Nokia Corporation, and Cisco Systems Inc.