The industry is witnessing growth due to the penetration of the internet and smartphones; in developing countries, the emphasis is on the infrastructure development and network planning and management. Further, the rising popularity of internet of things and autonomous vehicles, is paving way for the inclusion of 5G technology. The optical networking and communication market is predicted to grow at a 7.6% CAGR in the near future. Optical networking and communication is used in industrial, data centers, commercial, government, cable/broadcasting, and telecommunication sectors.

The internet, today, has become an indispensable part of our lives, as it has transformed the way we communicate. It helps connect people, businesses, and institutes together; this has led to the rising requirement for higher bandwidths. As the number of the internet users continues to rise, thereby contributing massively to the rising data traffic, the demand in the optical networking and communication sector is increasing.

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Further, due to the rapid globalization, many businesses and organizations rely on the internet for carrying out their operations, which is further driving the demand for uninterrupted data connectivity with a much higher and reliable bandwidth. Optical networking is gaining popularity among users as it provides faster internet services, thereby making the use of data-intensive applications easy.

In this type of networking and communication, the data transmission takes place via optical fibers, which serve as the communication medium. Optical communication is the first step in optical networking and uses light for transmission. During 2014–2018, the demand for optical networking was the highest in the telecommunication sector. In fact, even in the coming years, the telecom sector would continue generating the highest demand for optical networking. In the telecom industry, optical communication networks are used for transmitting cable television and telephone signals, and internet communication.

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The research offers historical market size of the Global Optical Networking and Communication market for the period 2014–2018, and market forecast for the period 2019–2024.

Optical Networking and Communication Market Segmentation

Market Segmentation by Component

Hardware
Optical fiber cable
Single-mode fiber
Multimode fiber
Optical transceivers
Optical splitters
Optical amplifiers
Optical switches
Optical circulators
Others (laser or LED light source, optical filters and optical aggregators)
Software
Services
Market Segmentation by Network Connectivity

Access
Metro
Long-Haul
Market Segmentation by End-User

Telecommunication
Government
Commercial
Industrial
Data Centers
Cable/Broadcasting