Passive Optical Components Market Gears Up to Reach Value of US$38.19 Billion by 2019: Transparency Market Research
By Business Wire News
By Business Wire News
Transparency Market Research announces the release of a report titled “Passive Optical Components Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2020”. The report states that the worldwide market for passive optical components stood at US$10.01 billion in 2013. Registering a CAGR of 21.1% from 2014 to 2020, the passive optical components market is projected to reach a total worth of US$38.19 billion by the end of 2020.
Passive optical components find major applications in synchronous optical network (SONET), interoffice, hybrid fiber-coaxial cable (HFC), loop feeder, fiber in the loop (FITL), and synchronous digital hierarchy (SDH) systems. By components, the passive optical components market is segmented into fixed and variable optical attenuators, optical circulators, optical couplers, optical connectors, wavelength division multiplexers/de-multiplexers, patch cords and pigtails, optical transceivers, optical filters, optical cables, optical amplifiers, optical encoders, optical power splitters, and others. Geographically, the global passive optical components market is divided into North America, Europe, Asia-Pacific, and Rest of the World.
Among the key applications, SONET and SDH dominated the passive optical components market and are projected to grow at 22.8% and 22.7% CAGR, respectively. Asia-Pacific led the global passive optical components market and is expected to retain its leading position during the forecast period owing to rising investments in research infrastructure and technological advancements, growth in networking technologies, and increasing fiber deployments.
Some of the key players in the passive optical components market include Alcatel-Lucent S.A., Alliance Fiber Optic Products, Inc., Hitachi Communication Technologies, Inc., Mitsubishi Electric Corporation, Ericsson Inc., Qualcomm Atheros. Inc., Huawei Technologies Co. Ltd., Motorola Solutions, Inc., Adtran Inc., AT & T Inc., Broadcom Corporation, Inc., ECI Telecom, Ltd., and Calix Inc.
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About Transparency Market Research
Transparency Market Research (TMR) is a U.S. based market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.