Optical Communication And Networking Equipment Market: A Competitive Landscape Analysis Of Dominant Players And Emerging Competition

The Global Optical Communication and Networking Equipment Market is projected to register a CAGR of 7.68% during 2023-2030, fueled by growth of the Internet of Things (IoT) and increasing energy efficiency regulations. The market had a valuation of USD 18.02 Billion in 2022 and is expected to reach a value of USD 31.90 Billion by 2030. The rising demand for internet connectivity due to growing requirement of internet access for personal and business need is driving the growth of the optical communication and networking equipment market. The transceiver segment accounted major market share in the year 2022 due to the rising demand for compact-sized transceivers.