Global Optical Network Hardware Market to Reach US$42.4 Billion by the Year 2027
Amid the COVID-19 crisis, the global market for Optical Network Hardware estimated at US$17.7 Billion in the year 2020, is projected to reach a revised size of US$42.4 Billion by 2027, growing at a CAGR of 13.3% over the period 2020-2027.
The U.S. Accounts for Over 29.5% of Global Market Size in 2020, While China is Forecast to Grow at a 12.8% CAGR for the Period of 2020-2027
The Optical Network Hardware market in the U.S. is estimated at US$5.2 Billion in the year 2020. The country currently accounts for a 29.53% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$7.4 Billion in the year 2027 trailing a CAGR of 12.8% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.7% and 11.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 9.7% CAGR while Rest of European market (as defined in the study) will reach US$7.4 Billion by the year 2027.We bring years of research experience to this 9th edition of our report. The 108-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.Competitors identified in this market include, among others,
- Adtran, Inc.
- ADVA Optical Networking SE
- Alcatel-Lucent SA
- Ciena Corporation
- Cisco Systems, Inc.
- Ericsson AB
- Huawei Technologies Co., Ltd.
- Infinera Corporation
- ZTE Corporation