A lead analyst at AMR highlighted that the wavelength division multiplexer (WDM) market in Asia-Pacific is anticipated to showcase the fastest CAGR by 2027.
Allied Market Research published a research report on the wavelength division multiplexer (WDM) market. The findings of the report states that the global market for wavelength division multiplexer (WDM) generated $3.56 billion in 2019, and is projected to reach $5.61 billion by 2027, witnessing a CAGR of 6.4% from 2020 to 2027. The report offers valuable information on changing market dynamics, major segments, top investment pockets, and competitive scenario for market players, investors, shareholders, and new entrants.
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“The wavelength division multiplexer market in Asia-Pacific is expected to grow at the highest rate during the forecast period, owing to the surge in evolution of smart communication devices, such as desktops and smartphones, increase in demand for fiber optic technology, and the growing need to increase data carrying capacity of fiber optics. In the Asia-Pacific region, China and India remain significant participants in the global wavelength division multiplexer (WDM) market due to increased adoption of fiber optics cables to transmit signals and ensure least amount of loss.” said Shantanu Sachan, Lead Analyst, Semiconductor and Electronics at Allied Market Research.
The report provides insights on drivers, restrains, and opportunities to help market players in devising growth strategies and capitalizing on opportunities. Increase in demand for high capacity networks and effective communication, rise in the number of internet users and network traffic worldwide, and usage of WDM in telecommunication applications fuel the growth of the global wavelength division multiplexer market. On the other hand, high cost associated with dark fiber network impedes the market growth. However, surge in advanced network infrastructure and increase in cloud & IP traffic present new opportunities in the coming years.
Partial or complete lockdown imposed in many countries created disruptions in the manufacturing processes of WDM. Moreover, dearth of raw materials and lack of manpower worsened the condition even more. The demand from the oil & gas sector decreased significantly due to stoppage of activities during the lockdown. Nevertheless, the demand for the medical & healthcare sector witnessed an incline throughout the pandemic. With the vaccination drive on board, manufacturing activities have already started restoring and the demand for WDM has also increase in almost all the verticals.
The report offers detailed segmentation of the global wavelength division multiplexer market based on type, industrial vertical, and region. These insights are helpful for new as well as existing market players to capitalize on the fastest growing and largest revenue generating segments to accomplish growth in the coming years.
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By type, the DWDM segment contributed to the highest market share in 2019, holding around two-thirds of the total share, and is expected to maintain its leadership status during the forecast period. The same segment is also projected to cite the fastest CAGR of 6.7% from 2020 to 2027.
By industry vertical, the IT telecommunication segment accounted for the highest share in 2019, holding nearly half of the global market, and will maintain its lion’s share during the forecast period. The same segment is also projected to showcase the fastest CAGR of 7.0% from 2020 to 2027.he
Based on region, Asia-Pacific garnered the major share in 2019, generating more than half of the total market share, and will retain its dominant share in terms of revenue by 2027. Simultaneously, Europe would display the fastest CAGR of 8.1% throughout the forecast period.
Leading market players of the global wavelength division multiplexer market analyzed in the report include Ciena Corporation, Huawei Technologies, Fujitsu Ltd., ZTE, Cisco Systems, Inc., Infinera Corporation, ADVA Optical Networking SE, Alcatel-Lucent, ADTRAN Inc., and Aliathon Technology Ltd.
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.
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