SYNCHRONOUS OPTICAL NETWORK MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Global synchronous optical network market is estimated to be valued at USD 6.74 billion in 2024 and is expected to reach USD 12.04 billion by 2031, exhibiting a compound annual growth rate (CAGR) of 8.6% from 2024 to 2031.

Report Description:

Synchronous optical network or SONET is a standard-based protocol that allows synchronous transfer of digital signals over fiber optic networks. SONET was developed to replace older telecom network infrastructures and enable better integration of services. It employs synchronous digital hierarchy or SDH as a base technology for synchronous transmission. SONET uses optical carrier or OC levels to define the data rates and provides efficient bandwidth allocation and management. With the proliferation of cloud services and internet traffic, telecom network operators are upgrading their backbone infrastructures to higher bandwidth SONET networks for seamless data transfer. This is promoting investments in SONET equipment globally.

Market Dynamics:

Global synchronous optical network market growth is driven by factors such as increasing internet traffic, growing mobile data consumption, and the need for high-speed connectivity solutions. Telecom operators are deploying advanced SONET networks to scale up their backbone infrastructure as per rising bandwidth requirements. Government initiatives for digital transformation and Smart City projects are also boosting demand. However, adoption of flexible optical transport network and software-defined networking solutions poses a challenge for the market growth. The integration of 5G and edge computing provides opportunities for players. Rising investments in submarine cable networks present a viable prospect over the forecast period.

Key features of the study:

• This report provides in-depth analysis of the global synchronous optical network market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 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 approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global synchronous optical network market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include ADVA Optical Networking SE, Alcatel- Lucent Inc., Anritsu, Ciena Corporation, Cisco Systems Inc., Cypress Semiconductor Corporation, ECI Telecom Ltd., Ericsson Inc., Fujitsu Ltd., Huawei Technology Co. Ltd., Infinera Corporation, JDS Uniphase Corporation, Juniper Networks Inc., Microsemi Corporation, MRV Communications Inc., Nokia Corporation, Oscilloquartz, Smartoptics,, Telefonaktiebolaget LM Ericsson, Verizon Communication Inc, Zayo Group Holdings Inc., ZTE Corporation are the major players
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• Global synchronous optical network 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

Market Segmentation

• By Technology
  • Time Division Multiplexing
  • Dense Wavelength Division Multiplexing
• By Components
  • Optical fiber
  • Optical transceiver
  • Fiber optic circulators
  • Optical amplifiers
  • Optical splitters
  • Others
• By Industry Vertical
  • IT & Telecom
  • BFSI
  • Healthcare
  • Government & Defense
  • Transportation & Logistics
  • Others
• By Region
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa
• Key Players Insights
• • ADVA Optical Networking SE
  • Alcatel- Lucent Inc.
  • Anritsu
  • Ciena Corporation
  • Cisco Systems Inc.
  • Cypress Semiconductor Corporation
  • ECI Telecom Ltd.
  • Ericsson Inc.
  • Fujitsu Ltd.
  • Huawei Technology Co. Ltd.
  • Infinera Corporation
  • JDS Uniphase Corporation
  • Juniper Networks Inc.
  • Microsemi Corporation
  • MRV Communications Inc.
  • Nokia Corporation
  • Oscilloquartz
  • Smartoptics
  • Telefonaktiebolaget LM Ericsson
  • Verizon Communication Inc
  • Zayo Group Holdings Inc.
  • ZTE Corporation