Authored By: Sarah
21 Jul 2022

Expansion of Telecommunication Networks to Drive the Optical Modulators Material Market

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.

Expansion of Telecommunication Networks to Drive the Optical Modulators Material Market

Optical Modulators Material Market: Vendor Analysis

  • The market is fragmented due to the presence of several players.
  • The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
  • Bluebean Optical Tech Ltd., Fujian Fortune Technology Co. Ltd., Claser Photonics Inc., Cristal Laser SA, Fabrinet, Gooch and Housego Plc, HC Photonics Corp., Inrad Optics Inc., Optolita UAB, and Photon LaserOptik GmbH are some of the major market participants.
  • To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

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). 

Material Landscape

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.

Geographic Landscape

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.

Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. Download PDF Sample Report

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