Connect with us

Technology

Optical Network Hardware Market to Grow by USD 6.78 Billion from 2024-2028, Driven by Rising Mobile Data Traffic, AI Powered Report Reveals – Technavio

Published

on

NEW YORK, Sept. 24, 2024 /PRNewswire/ — Report on how AI is driving market transformation- The global optical network hardware market size is estimated to grow by USD 6.78 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 7.73% during the forecast period. Growing mobile data traffic is driving market growth, with a trend towards emerging new age technologies and their requirements scaling business opportunities for optical network hardware market. However, limited spectral efficiency in optical fiber network poses a challenge. Key market players include Adtran Holdings Inc., ADVA Optical Networking SE, ALE International, Ciena Corp., Cisco Systems Inc., E.C.I. NETWORKS INC., Ekinops SA, FiberHome Telecommunication Technologies Co. Ltd., Fujitsu Ltd., Huawei Technologies Co. Ltd., II VI Inc., Infinera Corp., Juniper Networks Inc., NEC Corp., Nokia Corp., Padtec Holding S.A., TE Connectivity Ltd., Tejas Network Ltd., Telefonaktiebolaget LM Ericsson, and ZTE Corp..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View the snapshot of this report

Optical Network Hardware Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 7.73%

Market growth 2024-2028

USD 6788.3 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

7.02

Regional analysis

North America, APAC, Europe, Middle East and Africa, and South America

Performing market contribution

North America at 35%

Key countries

US, China, Germany, India, and UK

Key companies profiled

Adtran Holdings Inc., ADVA Optical Networking SE, ALE International, Ciena Corp., Cisco Systems Inc., E.C.I. NETWORKS INC., Ekinops SA, FiberHome Telecommunication Technologies Co. Ltd., Fujitsu Ltd., Huawei Technologies Co. Ltd., II VI Inc., Infinera Corp., Juniper Networks Inc., NEC Corp., Nokia Corp., Padtec Holding S.A., TE Connectivity Ltd., Tejas Network Ltd., Telefonaktiebolaget LM Ericsson, and ZTE Corp.

Market Driver

The increasing data volume from data-centric applications is driving the demand for optical network hardware due to the growing network traffic. The Internet of Things (IoT) and sensor networks are also significant contributors to this market’s growth. The IoT’s success relies on providing optimal services to users, which requires high-speed connectivity. A fiber network is essential for this, making optical network hardware a crucial component of the IoT. Optical network hardware enables high-speed data sharing and cost-effective scaling for Internet infrastructure to manage growing network traffic. The IoT integrates technologies like hardware design, data communication, and data storage and mining, making extensive use of optical network hardware. Consequently, the optical network hardware market is poised to experience revenue growth due to the IoT’s increasing adoption. 

The Optical Network Hardware market is experiencing significant growth due to the increasing demand for high bandwidth communication technology. This trend is driven by the proliferation of LEDs and Lasers in optical amplifiers, enabling high-speed data transmission through fiber optical cables. The cloud and colocation operators are leading the way, requiring advanced hardware like packet switches and high-speed servers to support virtualized offerings. The rise of mobile services and connected devices, including smartphones and computers, is fueling the need for broadband infrastructure applications, such as fiber-to-the-home (FTTH) and broadband infrastructure. Telehealth and virtual healthcare are also key areas of focus, with the need for reliable, high-speed connections for streaming content and video conferences. Rural communities are benefiting from the expansion of optical networks, with spectrum ranges being allocated to provide access to high-speed internet. Fiber management and skilled personnel, including hardware engineers, are essential to ensure the physical infrastructure can support the growing demand for 100 Gbps data rates and full duplex transmission. Wavelength-division multiplexing (WDM) and multiplexing technologies are crucial for maximizing bandwidth and efficiency in optical networks. 

Request Sample of our comprehensive report now to stay ahead in the AI-driven market evolution!

 Market Challenges

The global optical network hardware market growth is currently challenged by the limited spectral efficiency in optical fiber networks. This issue restricts industry players from maximizing data transmission capacity and meeting the increasing demands for high-speed connectivity, particularly in critical sectors like long-haul telecommunications. Coherent optical communication technologies, featuring advanced modulation formats and signal processing techniques, have emerged as a significant solution. By enabling the simultaneous transmission and reception of multiple signals over a single optical fiber, coherent systems have significantly increased spectral efficiency, enhancing network capacity. Optical amplification solutions, such as Raman amplification and erbium-doped fiber amplifiers (EDFAs), have also played a vital role in mitigating spectral efficiency limitations. These amplification technologies extend transmission system reach and capacity, facilitating high-quality signal transmission over extended distances without significant degradation, thereby optimizing spectral usage. However, these factors may hinder the growth of the global optical network hardware market during the forecast period.The Optical Network Hardware market is experiencing significant growth due to increasing demand for high-speed internet connectivity in various industries. Fibre optic communication is at the heart of this trend, with its ability to provide bandwidth capabilities for digital content consumption and real-time data collection. However, challenges such as network security breaches and low latency requirements pose significant hurdles. Bandwidth requirements are escalating due to internet traffic, video streaming, and edge computing. Long-haul networks, data centres, and enterprise communication in sectors like financial services, healthcare, and telecommunications are driving the need for optical transceivers, multiplexers, amplifiers, and other optical networking components. 5G wireless networks and smart cities are also fueling the market’s growth. The adoption of packet-based networks, automation, network control, and virtualizing network services is essential to meet the demands of high-performance connectivity. Distributed networking architectures and data processing are further key trends. Overall, the Optical Network Hardware market is poised for continued expansion, addressing the needs of urban infrastructure, real-time monitoring, and high-speed internet connectivity.

Discover how AI is revolutionizing market trends- Get your access now!

Segment Overview 

This optical network hardware market report extensively covers market segmentation by

Type 1.1 Broadband infrastructure1.2 Fiber optic network1.3 Datacenter1.4 Smart citiesApplication 2.1 WDM2.2 SONET/SDHGeography 3.1 North America3.2 APAC3.3 Europe3.4 Middle East and Africa3.5 South America

1.1 Broadband infrastructure- The Optical Network Hardware market is experiencing significant growth due to increasing demand for high-speed data transmission. Key players include Cisco Systems, Huawei Technologies, and Juniper Networks. Fiber optic cables and related components are the primary focus of this market. Network operators are investing in advanced technologies like Dense Wavelength Division Multiplexing (DWDM) and Coherent Optical Systems to enhance network capacity and efficiency. The market is expected to continue expanding, driven by the rising need for faster and more reliable data transfer.

Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics

Research Analysis

The Optical Network Hardware market is a dynamic and evolving sector of communication technology that leverages light as a carrier to transmit data. Key components include LEDs and lasers for signaling, optical amplifiers for boosting signals, and fiber optical cables for transmission. High bandwidth services, such as cloud and colocation, are driving demand for this technology. Packet switches, virtual devices, mobile devices, Wi-Fi, IoT technology, and 5G networks also rely on optical network infrastructure for reliable data transmission. Wavelength-division multiplexing and fibre optic communication enable high-speed, low-latency data transmission for data-intensive applications like cloud computing and data centers. Optical network hardware offers the bandwidth capabilities necessary for the next generation of communication technology.

Market Research Overview

The Optical Network Hardware Market is a dynamic and evolving sector of communication technology that leverages light-based signals transmitted through optical fibers for high-speed data transmission. Key components include LEDs and lasers for signal generation, optical amplifiers for signal boosting, and fiber optical cables for transmission. High bandwidth services such as cloud, colocation operators, and data centers require reliable and high-speed optical network infrastructure. Physical infrastructure like high-speed switches, servers, and virtualized offerings support the delivery of high-bandwidth internet to smartphones, computers, and other connected devices. The market also caters to emerging applications like Fiber-to-the-Home (FTTH), broadband infrastructure, telehealth, virtual healthcare, streaming content, video conferences, and rural communities. Optical network hardware supports various spectrum ranges and offers features like fiber management, skilled personnel, and hardware engineers. Technologies like wavelength-division multiplexing (WDM), full duplex transmission, and OEO conversion enable high-speed, reliable data transmission for data-intensive applications and 5G networks. Optical transceivers, multiplexers, and amplifiers are crucial components for long-haul networks and fiber optic networks. The market is driven by the increasing demand for high-speed internet, digital content consumption, and data-intensive applications. However, network security breaches and the need for low latency and edge computing are also significant challenges. The market is expected to grow significantly due to the proliferation of IoT technology, big data analytics, and software control in various industries like financial services, healthcare, and enterprise communication.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeBroadband InfrastructureFiber Optic NetworkDatacenterSmart CitiesApplicationWDMSONET/SDHGeographyNorth AmericaAPACEuropeMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/optical-network-hardware-market-to-grow-by-usd-6-78-billion-from-2024-2028–driven-by-rising-mobile-data-traffic-ai-powered-report-reveals–technavio-302255830.html

SOURCE Technavio

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Meridian Singapore Immigration Launches New Website to Simplify the PR Application Journey for Foreigners in Singapore

Published

on

By

New online platform provides clear, structured guidance for Employment Pass and S Pass holders navigating Singapore’s residency and Permanent Residency pathways

SINGAPORE, April 30, 2026 /PRNewswire/ — Meridian Singapore Immigration Pte. Ltd. has officially launched its new website at meridianimmigration.sg, a resource built specifically for foreigners living and working in Singapore who are exploring Permanent Residency or long-term residency options.

The platform arrives at a time when Singapore’s expatriate and foreign professional community is growing rapidly, yet many EP and S Pass holders report struggling to find clear, reliable information on the PR application process. Singapore’s immigration framework is among the most structured in Southeast Asia, with eligibility criteria, documentation requirements, and submission windows that change frequently. For individuals navigating this process without professional guidance, the stakes are high and the margin for error is narrow.

Meridian’s website was built to address that gap directly. The platform offers detailed explanations of available immigration pathways, structured consultation options, and educational resources developed by the firm’s team of immigration specialists. Rather than presenting a services catalogue, the site walks users through the considerations relevant to their specific situation, whether they hold an Employment Pass, S Pass, or are planning for their family’s long-term residency in Singapore.

“We built this platform because we saw how overwhelming and confusing the immigration process can be for people who genuinely want to build their lives here,” said a spokesperson for Meridian Singapore Immigration. “Our goal is to be the trusted partner that walks them through every step with clarity and integrity.”

Singapore’s continued attractiveness as a regional hub for multinational corporations, financial institutions, and technology firms means the pipeline of foreigners seeking long-term residency options remains substantial. At the same time, the ICA’s PR application framework has grown more nuanced, with factors such as economic contributions, family ties, and community integration weighed during assessment. Applicants who proceed without a clear understanding of these criteria often submit applications that are either premature or structurally incomplete.

Meridian’s approach centres on preparation and transparency, helping applicants understand where they stand before they apply and what supporting documentation strengthens their case.

Meridian Singapore Immigration Pte. Ltd. is a professional immigration consultancy dedicated to guiding individuals and families through Singapore’s immigration process. Specialising in Permanent Residency (PR) applications, residency pathways, and compliance support, Meridian offers clear, structured solutions tailored to each client’s unique circumstances. Founded on the values of Guidance, Integrity, and Success, Meridian is committed to making immigration simple, transparent, and accessible for everyone. For more information, visit meridianimmigration.sg or contact info@meridianimmigration.sg / +65 8873 1113.

 

View original content:https://www.prnewswire.com/apac/news-releases/meridian-singapore-immigration-launches-new-website-to-simplify-the-pr-application-journey-for-foreigners-in-singapore-302757392.html

SOURCE Meridian Singapore Immigration Pte. Ltd.

Continue Reading

Technology

Socomec, Daitron team up to meet Japan’s growing power demands

Published

on

By

TOKYO, April 30, 2026 /PRNewswire/ — Socomec, a century-old electrical group specialising in mission-critical energy, and Japan’s Daitron, an electronics components distributor, have signed a partnership to deliver power conversion solutions and service backup power and electrical-switching systems across Japan.

The deal combines Socomec’s equipment with Daitron’s on-the-ground engineering team, which has more than 74 years of experience in the Japanese market. The two companies will handle everything from project delivery to ongoing maintenance and spare parts.

The partnership covers three product areas: uninterruptible power supplies (UPS), which keep facilities running during outages; power conversion systems, which ensure the availability and continuity of high-quality energy; and static transfer switches, which automatically reroute power loads between sources without interruption.

Beyond equipment sales, the agreement includes training, spare parts, long-term service contracts and a full range of expert services covering prevention, measurement and analysis, consultancy, deployment and optimisation. Socomec will provide product and technical training to Daitron’s team, while Daitron handles installation, servicing and day-to-day client support in Japan.

The target market spans data centres, semiconductor plants, industrial facilities, hospitals and green buildings, all areas where even brief power interruptions can prove costly. Data center demand in particular is surging, driven by the rapid expansion of artificial intelligence infrastructure, with colocation and enterprise facilities among the primary targets.

“Daitron knows the Japanese market inside and out. They have the people, the relationships, and the hands-on experience, and we bring the technology to match,” said Socomec Asia-Pacific CEO O’Niel Dissanayake. “It’s a natural fit, and together we can offer something neither company could deliver alone.”

“Japan’s data centres, chip factories and industrial plants all require power systems they can count on,” said Masaharu Kato, corporate officer of Daitron. “Socomec’s technology is exactly what these customers need, and our job is to make sure it’s installed, maintained and supported properly. That’s what we do best.”

The partnership comes as Japan faces a step change in power demand. Electricity consumption is expected to grow 5.3% over the next decade, driven by data centres and semiconductor factories, according to the country’s grid operator. Industrial energy demand alone is forecast to rise 18.3% over the same period.

That growth is creating strong demand for reliable power infrastructure. Data centres, for example, run around the clock and cannot afford downtime, making backup power and efficient energy management essential. Socomec’s systems are designed to reduce power consumption without sacrificing reliability, a balance that is becoming increasingly important as operators look to manage both costs and environmental commitments.

Both companies say project planning and bids are already underway, with a long-term goal of expanding the partnership’s reach across Japan as demand grows.

About Daitron

Daitron Co., Ltd. is a Japanese engineering and trading company founded in 1952 and headquartered in Osaka. Listed on the Tokyo Stock Exchange (TYO: 7609), Daitron sells and manufactures electronic components, semiconductor processing equipment and power supply systems. The company has more than seven decades of experience serving Japan’s electronics and manufacturing industries.

SOCOMEC: When energy matters

Founded in 1922, SOCOMEC is an independent industrial group of more than 4,800 experts spread across the world in 30 subsidiaries. Our vocation: design, manufacture and sale of electrical equipment, with a strong expertize in critical power applications. In 2025, SOCOMEC achieved a turnover of 997 million euros (not yet audited).

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/socomec-daitron-team-up-to-meet-japans-growing-power-demands-302755570.html

SOURCE Socomec

Continue Reading

Technology

Multi-Destination Travel Surges Across Asia-Pacific This Labour Day, Trip.com Group Data Shows

Published

on

By

Multi-city travel across Asia-Pacific grew 35% year-on-yearMulti-city travel outpaces single-destination growth by more than 2xSoutheast Asia sees strong double-digit growth, with Thailand up to 52% YoY

SINGAPORE, April 29, 2026 /CNW/ — Multi-city travel across Asia-Pacific grew 35% year-on-year this Labour Day period, according to data from Trip.com Group. Several Asia-Pacific markets including Japan, South Korea, parts of Southeast Asia and Mainland China celebrate Labour Day, driving strong cross-border and domestic travel flows across the region.

Over 30% of international trips now span multiple destinations, highlighting a continued shift towards more complex, itinerary-led travel. This shift reflects a growing preference to maximise time and value with multiple destinations within a single trip rather than a single location.

Multi-destination trips become a defining travel pattern

While single-destination travel continues to account for most bookings, growth is increasingly driven by more complex itineraries. Multi-destination bookings are growing at more than twice the pace of single-destination travel, reflecting stronger demand for flexibility and deeper exploration.

Travellers are increasingly structuring trips across multiple cities to maximise both time and value, with popular combinations including:

Tokyo – Osaka – Kyoto (Japan)Seoul – Busan (South Korea)Bangkok – Phuket (Thailand)

These itineraries reflect a growing preference for multi-stop journeys that blend urban experiences with leisure destinations.

Southeast Asia sees fast growth in multi-destination travel 

Across Southeast Asia, demand for multi-destination travel is rising steadily, with strong growth across key markets of Thailand: 52%, Malaysia: 40%, and Singapore: 17%, according to Trip.com Group data.

Top outbound destinations across Southeast Asian markets include Japan (Tokyo, Osaka), South Korea (Seoul), China (Shanghai, Beijing), Thailand (Bangkok), Indonesia (Bali).

In other parts of Asia such as Hong Kong SAR, multi-destination travel also grew by over 50% year-on-year, highlighting growing preference for more complex itineraries over traditional single-destination trips, particularly in well-connected urban markets.

In Mainland China, domestic travel remains a strong base, while overseas journeys are increasingly shaped by multi-destination itineraries, with over 40% of outbound trips spanning multiple destinations and continuing to grow.

This suggests that travellers in this region are increasingly combining multiple cities within a single trip, supported by strong regional connectivity.

Japan’s domestic travel momentum on the rise

Japan is also seeing shifts in domestic travel behaviour, even as outbound demand continues to grow.

In Japan, domestic travel is growing rapidly, indicating rising interest in travelling within the country, accounting for one-quarter of all flight bookings, and to cities such as Tokyo, Sapporo and Okinawa.

Intra-Asia travel dominates Labour Day demand

The Labour Day holiday period continues to be driven by regional travel within Asia-Pacific, with travellers favouring destinations that offer ease of access, diverse experiences, and flexible itineraries.

The Group’s data highlights the continued strength of short-haul travel, supported by strong connectivity and shorter flight durations.

More broadly, the way people travel across Asia-Pacific is evolving. Travellers taking a more deliberate approach to how they plan their trips. While cross-border journeys are increasingly shaped by multi-city itineraries, domestic travel remains a strong and steady part of the landscape. Together, these patterns point to a more flexible and value-conscious mindset, as travellers look to make the most of both time and budget.

About Trip.com Group

Trip.com Group is a leading global travel service provider comprising of Trip.com, Ctrip, Skyscanner, and Qunar. Across its platforms, Trip.com Group helps travellers around the world make informed and cost-effective bookings for travel products and services and enables partners to connect their offerings with users through the aggregation of comprehensive travel-related content and resources, and an advanced transaction platform consisting of apps, websites and 24/7 customer service centres. Founded in 1999 and listed on NASDAQ in 2003 and HKEX in 2021, Trip.com Group has become one of the best-known travel groups in the world, with the mission “to pursue the perfect trip for a better world”. Find out more about Trip.com Group here: group.trip.com.

Follow us on: X, Facebook, LinkedIn, and YouTube.

View original content to download multimedia:https://www.prnewswire.com/news-releases/multi-destination-travel-surges-across-asia-pacific-this-labour-day-tripcom-group-data-shows-302756711.html

SOURCE Trip.com Group

Continue Reading

Trending