Synchronous optical networks provide efficient high-speed data transmission and facilitate seamless connectivity across various end-use industries. They incorporate fiber optic cables to transmit data modulated with light pulses in a synchronous digital hierarchy. SON technology ensures accurate timing, bandwidth management, and rapid switching between nodes through optical transport network standards. It enables reliable communication of vast amounts of data through a single fiber cable while preserving signal quality over long distances.
The global Synchronous Optical Network Market is estimated to be valued at US$ 6.30 Bn in 2023 and is expected to exhibit a CAGR of 12% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The rapid digitization of industries and growing data traffic across various sectors have accelerated the demand for high-speed network connectivity. Synchronous optical networks have emerged as a viable solution to manage exponentially increasing data volumes over networks through their enhanced bandwidth and transmission capabilities. Major players are investing in SON technology advancements such as flexible grid networks, software defined networking, and spectrum slots to facilitate 100G and 400G data rates. The deployment of 5G networks also relies on robust optical transportation via SONs to support ultra-low latency connectivity requirements. Rapid migration towards cloud-based services and Internet of Things applications continue to stimulate investments in synchronous optical network advancements.
Segment Analysis
The global synchronous optical network market is dominated by the wavelength division multiplexing (WDM) sub segment. This sub segment held around 65% market share in 2023 owing to its ability to carry multiple optical carrier signals on different wavelengths simultaneously over one strand of optical fiber. This helps in carrying more information efficiently and meeting the rising bandwidth requirements.
Key Takeaways
The global Synchronous Optical Network Market Trend is expected to witness high growth over the forecast period of 2023 to 2030. Regional analysis: The Asia Pacific region dominated the market with around 35% share in 2023 owing to high investments in telecom infrastructure by countries like China and India. The region is expected to continue its dominance during the forecast period due to rising demand for high bandwidth connectivity solutions to support technologies like 5G, IoT etc.
Key players: Key players operating in the synchronous optical network market are Huawei Technologies Co. Ltd., ZTE Corp., Cisco Systems Inc., ADVA Optical Networking SE, Nokia Corporation, Ciena Corporation, Infinera Corporation, Fujitsu Ltd., ECI Telecom Ltd., Telefonaktiebolaget LM Ericsson, NEC Corporation, Juniper Networks Inc., Coriant GmbH, Huawei Marine Networks Co. Limited, NTT Electronics Corporation, Lumentum Operations LLC, Plaintree Systems Inc., Marben Products, Smartoptics AS, Shenzhen HiSilicon Technologies Co. Ltd. These players are focusing on new product launches and partnerships to gain market share.
For more details on the report, Read- https://www.rapidwebwire.com/giants-drive-synchronous-optical-network-market-growth
