Wavelength Division Multiplexer Market Share Charges Ahead with Huge Growth by 2016-2024
Zion Market Research has published a new report titled “Wavelength Division Multiplexer Market by Multiplexer Type (Coarse Wavelength Division Multiplexer (CWDM) and (DWDM) Dense Wavelength Division Multiplexer) Market for IT & Telecommunication, Healthcare, Manufacturing, Financial Services and Other Industry Verticals by Region (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017-2023.’’According to the report, global wavelength division multiplexer market was valued at around USD 14.10 billion in 2017 and is expected to reach approximately USD 28.43 billion in 2023, growing at a CAGR of slightly above 12.4% between 2018 and 2023.
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Wavelength Division Multiplexing is a technique in fiber optic communications that enables the use of multiple light wavelengths to send data over the same medium. Two or more wavelengths of light can travel on a single fiber and several signals can be transmitted in an optical waveguide at different wavelengths. Multiplexing is carried out at the transmitter end by using a multiplexer. WDMs are used to combine light signals coming from different optical fibers onto a single optical fiber. This is achieved by using a coupler at the input of a wavelength division multiplexer.
The increasing demand for high-speed data transfer is anticipated to provide high adoption rate for WDM (Wavelength Division Multiplexer) market globally. Along with this the tremendous rise in internet users both commercially as well as residentially forced the operators to meet the growing demand for bandwidth. For this reason, the operators are relying on optical fibers. Low cost per bit of data transfer by WDMs is one of the important drivers that are expected to drive WDM market. WDMs are widely used because of the fact that they use the less expensive transmitter with no need of temperature stabilization and they transfer the data over multiple terabits per second at thousands of kilometers. The factor restraining the growth of WDM market is cost related to dark fiber network in the ground. Dark Fiber is the term used for unused optical fiber network infrastructure laid down during cabling. The increase in IP traffic and bandwidth demands are anticipated to provide opportunities for the global WDM market.
The segmentation of wavelength division multiplexer market is based on the type of multiplexer, industry verticals, and region. Based on the type of multiplexer, the segmentation is Coarse Wavelength Division Multiplexer (CWDM) and Dense Wavelength Division Multiplexer (DWDM). As compared to DWDM, CWDM refers to the multiplexing of less variety of signals on the single glass fiber. CWDM delivers multiplexing of up to 16 channels on a single glass fiber, whereas DWDM provides multiplexing of a huge variety of carrier signals of over 40 channels on a single glass fiber. Based on industry verticals, the segmentation is IT & telecom, manufacturing, healthcare, financial services, and others. Further, region wise the segmentation is North America, Europe, Asia Pacific, Latin America and the Middle East and Africa.
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Some of the key players operating in this market are Infinera Corporation, ZTE, and Cisco Systems, ADVA Optical Networking SE, Aliathon Technology Ltd., Alcatel-Lucent, Ciena Corporation, ADTRAN Inc., Huawei Technologies, Fujitsu Ltd., and Cisco Systems, Inc. amongst others.
The report segments global wavelength division multiplexer market as follows:
Wavelength Division Multiplexer Market: Multiplexer Type Segment Analysis
- Coarse Wavelength Division Multiplexer (CWDM)
- Dense Wavelength Division Multiplexer (DWDM)
Wavelength Division Multiplexer Market: Industry Verticals segment
- IT & Telecommunication
- Financial Services
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Wavelength Division Multiplexer Market: Regional segment analysis
- North America
- The U.S.
- Asia Pacific
- Latin America
- The Middle East and Africa