The emergence of new telecommunication technologies, such as 5G, is likely to support the adoption of edge computing technology. The development of 5G networks will require efficient and high-performance communication devices, which increases the demand for advanced optical components.
Technavio's Optical Modulators Material Market research projects that the market size is expected to grow up to USD 8.14 billion, accelerating at a CAGR of 7% till 2025. The market's growth trajectory is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. View Sample Report
Optical Modulators Material Market: Key Market Driver
The Optical Modulators Material Market growth is driven by the expansion of telecommunication networks. Telecom operators, smartphone and IoT-based device manufacturers, communication hardware vendors, and several government bodies are making significant investments in the development and upgrade of telecom network infrastructure. The increase in network traffic will require high-speed and high-bandwidth networks to support the increased data flow. These factors will increase the adoption of optical components and materials which in turn will boost the optical modulator materials market during the forecast period.
In addition, factors such as the increasing number of data centers and the increase in the number of FTTH homes and subscribers will trigger the growth of the market. However, the development of high-speed optical fibers will hamper the market growth.
Optical Modulators Material Market: Vendor Analysis
Optical Modulators Material Market: Segmentation Analysis
The optical modulators material market is segmented by material (Optical materials and Non-optical materials) and geography (APAC, North America, Europe, Middle East, and Africa, and South America).
The optical materials segment in the optical modulators material market will lead the market with the highest share and will continue to contribute the largest growth during the forecast period. The growing consumption of optical modulators in telecommunication, data centers, and CATV applications is expected to increase the demand for optical materials.
63% of the market’s overall growth is expected to originate from APAC. China and Taiwan are the key markets for the optical modulator material market in the region. The development of high-speed optical fibers will significantly influence optical modulators material market growth in APAC during the forecast period.
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