PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1424483
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1424483
Synchronous Optical Network Market, By Technology, By Components, By Industry Vertical, By Geography
Global synchronous optical network market size is estimated to be valued at US$ 6.30 Bn in 2023 and is expected to reach US$ 11.22 Bn by 2030, exhibited a compound annual growth rate (CAGR) of 8.6% from 2023 to 2030.
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2022 | Market Size in 2023/2024: | US$ 6.30 Bn |
| Historical Data for: | 2017 to 2021 | Forecast Period: | 2023 - 2030 |
| Forecast Period 2023/2024 to 2030/2031 CAGR: | 8.60% | 2030/2031 Value Projection: | US$ 11.22 Bn |
Synchronous optical network (SONET) is a standardized multiplexing protocol that is used in telecommunications networks to transmit large amounts of data over long distances. It was developed to meet the increasing demand for faster and more reliable communication networks.
The SONET technology uses optical fiber to transmit data in the form of light pulses. It provides high bandwidth capacities and has the ability to carry different types of traffic, including voice, video, and data. SONET has become the backbone of many telecommunications networks worldwide due to its efficiency and scalability.
Market Dynamics:
Increasing demand for high-speed communication networks: With the growing volume of data traffic, there is a need for faster transmission speeds. SONET offers high bandwidth capacities, thus making it an ideal choice for industries that require high-speed communication. Reliable connectivity: SONET provides a reliable and secure network infrastructure, thereby ensuring uninterrupted data transmission. This reliability makes it suitable for applications that require constant connectivity, such as banking and finance. The continuous advancement in SONET technology, such as the deployment of wavelength division multiplexing (WDM) and optical networking, is driving the market growth. These advancements enhance the scalability and efficiency of SONET networks.
However, the deployment of SONET networks requires significant investment in infrastructure and equipment. The high initial cost may act as a restraint for small and medium-sized enterprises (SMEs) when adopting SONET technology.
Competition from alternative technologies: Emergence of alternative technologies, such as ethernet and internet protocol (IP) networks, poses a challenge to the growth of the SONET market. These technologies offer lower costs and higher bandwidth capacities for certain applications. Furthermore, increasing demand for cloud-based services: Rising adoption of cloud computing and storage services presents an opportunity for the SONET market. SONET networks can provide high-speed connectivity between data centers, thus enabling efficient cloud-based operations. Expansion of 5G networks: The deployment of 5G networks requires high-capacity and reliable connectivity. SONET technology can play a crucial role in supporting the backhaul infrastructure for 5G networks, providing opportunities for market growth.
Key Features of the Study:
- This report provides in-depth analysis of the global synchronous optical network (SONET) market, including market size (US$ Bn) and compound annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- Key companies covered as a part of this study include 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, JDS Uniphase Corporation, and Smartoptics
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, technology upgrades, market expansion, and marketing tactics.
- Global synchronous optical network (SONET) market report caters to various stakeholders in this industry, including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global synchronous optical network market
Global Synchronous Optical Network Market Detailed Segmentation:
- Global Synchronous Optical Network Market, By Technology:
- WDM
- DWDM
- Global Synchronous Optical Network Market, By Components:
- Optical Transmitters
- Optical Receivers
- Optical Fibers
- Optical Switches
- Optical Amplifiers
- Optical Splitters
- Others
- Global Synchronous Optical Network Market, By Industry Vertical
- Enterprises
- IT & Telecom
- BFSI
- Healthcare
- Government
- Transportation & Logistics
- Others
- Global Synchronous Optical Network Market, By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
- Top Companies in Global Synchronous Optical Network Market
- 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
- JDS Uniphase Corporation
- Smartoptics
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Technology
- Market Snippet, By Components
- Market Snippet, By Industry Vertical
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Surging demand for high-speed data services
- Proliferation of cloud computing
- Emergence of 5G networks
- Increasing fiber optic infrastructure investments
- Restraints
- High cost of deployment
- Long gestation period for returns
- Growing competition from alternative technologies
- Opportunities
- Increasing deployments in smart cities
- Growth prospects in emerging markets
- Increasing adoption in enterprise networks
- Potential in submarine cable networks
- Key Highlights
- Regulatory Scenario
- Recent Trends
- Product Launches/Approvals
- PEST Analysis
- PORTER's Analysis
- Mergers, Acquisitions, and Collaborations
4. Global Synchronous Optical Network Market - Impact of Coronavirus (COVID-19) Pandemic
- COVID-19 Epidemiology
- Supply Side and Demand Side Analysis
- Economic Impact
5. Global Synchronous Optical Network Market, By Technology, 2017-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
- WDM
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
- DWDM
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
6. Global Synchronous Optical Network Market, By Components, 2017-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023and 2030 (%)
- Y-o-Y Growth Analysis, 2018- 2030
- Segment Trends
- Optical Transmitters
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
- Optical Receivers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
- Optical Fibers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
- Optical Switches
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
- Optical Amplifiers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
- Optical Splitters
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
7. Global Synchronous Optical Network Market, By Industry Vertical, 2017-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023and 2030 (%)
- Y-o-Y Growth Analysis, 2018- 2030
- Segment Trends
- IT & Telecom
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
- BFSI
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
- Healthcare
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
- Government
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
- Transportation & Logistics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
8. Global Synchronous Optical Network Market, By Region, 2017-2030, (US$ Bn)
- Introduction
- Market Share Analysis, By Sub-region, 2023and 2030 (%)
- Y-o-Y Growth Analysis, For Sub-region, 2018-2030
- Country Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Components, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Industry Vertical, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2017-2030,(US$ Bn)
- U.S.
- Canada
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Components, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Industry Vertical, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2017-2030,(US$ Bn)
- Germany
- U.K.
- France
- Spain
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Components, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Industry Vertical, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2017-2030,(US$ Bn)
- China
- India
- Japan
- South Korea
- ASEAN
- Australia
- Rest of Asia Pacific
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Components, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Industry Vertical, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2017-2030,(US$ Bn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Components, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Industry Vertical, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2017-2030,(US$ Bn)
- GCC Countries
- Israel
- South Africa
- Central Africa
- North Africa
- Rest of Middle East
9. Competitive Landscape
- Company Profile
- Huawei Technologies Co. Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- ZTE Corp.
- Cisco Systems Inc.
- ADVA Optical Networking SE
- Nokia Corporation
- Ciena Corporation
- Infinera Corporation
- Fujitsu Ltd.
- ECI Telecom Ltd.
- Telefonaktiebolaget LM Ericsson
- JDS Uniphase Corporation
- Smartoptics
- Analyst Views
10. Section
- References
- Research Methodology
- About us
