Global Optical Satellite Communication Market

Satellite communications refer to a system that uses satellite technology to transport information from one place to another through a communication satellite placed in the Earth’s orbit. The signal is transmitted through a transponder between the transmitter and the receiver. The main components of satellite communication are the transponder, transceiver, antenna, receiver, and other components. The transponder transmits the signal between the transmitter and the receiver. Satellite communication uses various technologies such as SATCOM automatic identification system, SATCOM VSAT, SATCOM on-the-move (SOTM), SATCOM on the pause (SOTP), and SATCOM telemetry that are used for asset tracking and monitoring, airtime, data backup and recovery, navigation and monitoring, broadcasting, and other applications. It is employed in government and military applications, civil satellite communications, commercial applications, and other verticals. The satellite communication market research report is one of a series of new reports from The Business Research Company that provides satellite communication market statistics, including satellite communication industry global market size, regional shares, competitors with a satellite communication market share, detailed satellite communication market segments, market trends and opportunities, and any further data you may need to thrive in the satellite communication industry. This satellite communication market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global satellite communication market size grew from $54.6 billion in 2022 to $61.06 billion in 2023 at a compound annual growth rate (CAGR) of 11.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The satellite communication market size is expected to grow to $91.02 billion in 2027 at a CAGR of 10.5%. The increasing deployment of small satellites is expected to propel the growth of the satellite communication market going forward. Small satellites are miniature satellites used in advanced space operations. Small satellites are more beneficial for satellite communication as they reduce the cost of space operations, expand access to space and gather scientific data. For instance, in 2020, according to the National Aeronautics and Space Administration (NASA), a US-based government agency, around 1,282 spacecraft were launched. Approximately 94% of spacecraft were small satellites that had an overall mass of less than 600 kg, and 9% of total spacecraft were nanosatellites, which had an overall mass of less than 200 kg. Therefore, the increasing deployment of small satellites drove the satellite communication market. Product innovations have emerged as the key trend gaining popularity in the satellite communication market. Major companies operating in the satellite communication sector are focused on developing innovative products to strengthen their position. For instance, in June 2020, Honeywell International Inc., a US-based technology company, launched its smallest and lightest satellite communications technology known as the Honeywell small UAV SATCOM system, a miniature of a large satellite communication system for unmanned vehicles. Honeywell's small UAV SATCOM system can be installed anywhere in the vehicle for a wide range of coverage of the platform, to reduce unnecessary bulk and to provide safety. Moreover, it can connect unnamed vehicles even in remote areas or over water where other ground-based communications systems are not available. In November 2021, Viasat Inc., a US-based communications company, acquired Inmarsat for an amount of $7.3 billion. Through this acquisition, Viasat Inc., aims to strengthen its product portfolio of fixed and mobile satellite communication services, which will also include broadband, narrowband services, and IoT services. Inmarsat is a UK-based satellite communications company. Major players in the satellite communication market are Viasat Inc., SES S.A., L3Harris Technologies Inc., Telesat, EchoStar Corporation, Thuraya Telecommunications Company, Gilat Satellite Networks, The SKY Perfect JSAT Group, Cobham Limited, Intelsat, Iridium Communications Inc., General Dynamics Corporation, Honeywell International Inc., Indra Sistemas S.A., and Qualcomm Technologies Inc., North America was the largest region in the satellite communication market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the satellite communication market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the satellite communication market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The satellite communications market includes revenues earned by entities by providing systems for transferring data between locations by employing a communication satellite circling the earth. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global satellite communication market is segmented - 1) By Component: Transponder, Transceiver, Antenna, Receiver, Other Components 2) By Technology: SATCOM Automatic Identification System, SATCOM VSAT, SATCOM On The-Move (SOTM), SATCOM On The Pause (SOTP), SATCOM Telemetry 3) By Application: Asset Tracking/Monitoring, Airtime, Data Backup And Recovery, Navigation And Monitoring, Broadcasting, Other Applications 4) By Vertical: Government And Military Applications, Civil Satellite Communications, Commercial Application, Other Verticals

Satellite antenna refers to an apparatus designed to transmit or receive microwaves to satellites. Satellite antennas work by concentrating the satellite's transmitting power into a selected geographical region on earth to avoid interference from other signals transmitted from outside of the designated service area. The main types of satellite antennas are flat panel antennas, parabolic reflector antennas, and horn antennas. The parabolic reflector antenna is used for domestic satellite television reception, terrestrial microwave data links, and general satellite communications. The various components of a satellite are reflectors, feed horns, feed networks, low-noise converters, and others. These satellites' frequency bands include C band, K/KU/KA band, S and L band, X band, VHF and UHF band, and others.These satellite antennas are used in space, land, and maritime navigation. The satellite antenna research report is one of a series of new reports from The Business Research Company that provides satellite antenna statistics, including satellite antenna industry global market size, regional shares, competitors with satellite antenna shares, detailed satellite antenna segments, market trends and opportunities, and any further data you may need to thrive in the satellite antenna industry. This satellite antenna research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global satellite antenna market size grew from $3.06 billion in 2022 to $3.42 billion in 2023 at a compound annual growth rate (CAGR) of 11.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The satellite antenna market size is expected to grow to $5.2 billion in 2027 at a CAGR of 11.1%. The rise in demand for small satellites is driving the satellite antenna market. Small satellites are cost-efficient and cheaper to launch while offering effective connectivity. According to Euroconsult, a France-based satellite consulting firm, 1805 small satellites were placed in orbit between 2010 and 2020, while the number is expected to rise to 10,000 by 2030. The development of ultra-compact satellite antennas for defence and combat purposes is a key trend in the satellite antenna market. The ultra-compact satellite antenna offers high data rate transmission for IP-based voice and video transfer capabilities since it operates on multiple bands such as Ku, KA, X, and Q. An ultra-compact satellite antenna connects ground control stations to advanced ground combat vehicles while offering a seamless transfer of information and communication capabilities, which are vital for ground troops in a crucial mission. In 2021, ThinKom Solutions, a US-based satellite antenna manufacturer, was selected by the US Army for the supply of phased-array satellite terminals as part of a pilot programme which evaluates communications on-the-move (COTM) options for U.S. Army Armored Brigade Combat Teams (ABCT). In 2020, Hanwha Systems, a South Korea-based defence technology manufacturer, acquired the business and assets of Phasor Solutions, a UK-based satellite antenna manufacturer. This acquisition enabled Hanwha Systems to strategically expand its product portfolio and enable future product developments. Flat antenna beam steering and the semiconductor ship design technology required for antenna Tx/Rx controls are some of the technologies included in Phasor Solutions’ product portfolio. Major players in the satellite antenna market are Airbus SAS, Cobham PLC, Dettwiler and Associates Ltd., Elite Antennas Ltd., General Dynamics Corporation, Gilat Satellite Networks, Harris Corporation, Honeywell International Inc., Macdonald, Mitsubishi Electric Corporation, Space Star Aerospace Technology Applications Co. Lt., Viasat Inc., Inmarsat Global Limited, Kymeta Corporation, and Norsat International Inc. North America was the largest region in the satellite antenna market in 2022. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the satellite antenna market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the Satellite Antenna market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The satellite antenna market consists of sales of wire antennas, horn antennas, reflector antennas, and array antennas. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global satellite antenna market is segmented - 1) By Antenna Type: Flat Panel Antenna, Parabolic Reflector Antenna, Horn Antenna 2) By Component Type: Reflectors, Feed Horns, Feed Networks, Low Noise Converters, Other Component Types 3) By Frequency Band: C Band, K/KU/KA Band, S And L Band, X Band, VHF And UHF Band, Other Frequency Bands 4) By Application: Space, Land, Maritime

The optical wavelength services provide bandwidth network connections with data service and high-speed internet over fiber-optic lines in which multiple channels are transmitted over a single fibre strand which enables high bandwidth network connections. The main types of bandwidth in optical wavelength services are less than 10 Gbps, 40 Gbps, 100 Gbps, and more than 100 Gbps. 10 Gbps refers to the gigabit per second speed of the Ethernet. This refers to the speed of uploading and downloading documents. 10 Gigabit is a technology that offers a speed of up to 10 billion bits per second. The different fibre channel interfaces include OTN, sonnet, and Ethernet, which offer various applications such as short-haul, metro, and long haul. These services are used by small and medium-sized enterprises (SMEs), large enterprises, and government enterprises. The optical wavelength services market research report is one of a series of new reports from The Business Research Company that provides optical wavelength services market statistics, including optical wavelength services industry global market size, regional shares, competitors with an optical wavelength services market share, detailed optical wavelength services market segments, market trends and opportunities, and any further data you may need to thrive in the optical wavelength services industry. This optical wavelength services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry. The global optical wavelength services market size grew from $4.89 billion in 2022 to $5.33 billion in 2023 at a compound annual growth rate (CAGR) of 8.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The optical wavelength services market size is expected to grow to $7.57 billion in 2027 at a CAGR of 9.2%. The growing number of internet users is propelling the growth of the optical wavelength services market. The Internet is a network that helps with sharing information, communicating, and connecting computers. The increasing number of internet users rapidly increased data traffic, consequently creating increased bandwidth requirements offered by optical wavelength service providers. For instance, according to DataReportal, internet users are growing at a rate of 4% annually and reached 4.95 billion people globally in January 2022. Hence, the growing number of internet users is expected to propel the growth of the optical wavelength services market going forward. Strategic partnerships and collaborations have emerged as the key trends gaining popularity in the opto-wavelength services market. Major players operating in the market are partnering and collaborating to develop a strong product portfolio and offer innovative products. For instance, in January 2022, Nokia, a Finland-based company that operates in wavelength services, and Tech Mahindra, an India-based information technology company, partnered for 5G-based enterprise solutions. Tech Mahindra will leverage Nokia's wireless digital automation cloud and facilitate it in automating 5G wireless network management. Also, in April 2020, T-Mobile US Inc., a US-based wireless network operator company, merged with Sprint Corporation to create the New T-Mobile and deliver a 5G network. The combined companies will operate as New T-Mobile and will build the world’s best broad 5G network. Sprint Corporation is a US-based telecommunications company that offers wavelength services. In October 2021, Cox Communications Inc., a US-based cable television company, acquired the commercial services segment of Segra Corporation for an undisclosed amount. Through this acquisition, Cox Communications will extend its global reach and network capacity, allowing it to provide additional services to both companies' consumers and fulfil the considerable demand for solutions. Segra is a US-based company that provides fibre optic wavelength services. Major players in the optical wavelength services market are Zayo Group Holdings Inc., Nokia Corporation, GTT Communications Inc., AT&T Inc., Sprint Corporation, Colt Technology Services Group Limited, Crown Castle, Cox Communications Inc., Jaguar Network SAS, CarrierBid Communications, Windstream Intellectual Property Services LLC, ADTRAN Inc., Comcast Corporation, Verizon Communications Inc., Charter Communications Inc., and Lumen Technologies Inc., North America was the largest region in the optical wavelength services market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the optical wavelength services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the optical wavelength services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The optical wavelength services market includes revenues earned by entities by providing software solutions to provide the organization to meet fiber needs without the added expense of lighting, financial risk, and maintaining their network. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global optical wavelength services market is segmented - 1) By Bandwidth: Less Than 10 Gbps, 40 Gbps, 100 Gbps, More Than 100 Gbps 2) By Fiber Channel Interface: OTN, Sonet, Ethernet 3) By Application: Short Haul, Metro, Long Haul 4) By End-Use: Small and Medium-Sized Enterprises (SME), Large Enterprise, Government Enterprises

The optical communication and networking are methods used to transmit data over fiber cables at light speed, making it ideal for low-latency and middle-mile connections covering great distances. Optical communications and networking technologies are playing an increasingly important role in interconnecting a large variety of IT resources over globally distributed autonomous network systems to facilitate cost-effective information exchange and processing. The main types of components in optical communication and networking are optical fiber, optical transceiver, optical switch, optical amplifier, optical circulator, and others. Optical fiber refers to technology that transmits information along with glass or plastic fiber. A fiber optic cable contains a varying number of glass fibers. The different technologies include wavelength division multiplexing (WDM), synchronous optical network (SONET), and fiber channel that are employed in telecommunication, data broadcasting, commercial governmental enterprises, defense, information technology, and other end users. The optical communication and networking market research report is one of a series of new reports from The Business Research Company that provides optical communication and networking market statistics, including optical communication and networking industry global market size, regional shares, competitors with an optical communication and networking market share, detailed optical communication and networking market segments, market trends and opportunities, and any further data you may need to thrive in the optical communication and networking industry. This optical communication and networking market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global optical communication and networking market size grew from $22.1 billion in 2022 to $23.81 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The optical communication and networking market size is expected to grow to $29.51 billion in 2027 at a CAGR of 5.5%. The increase in demand for the internet is expected to propel the growth of the optical communication and networking market going forward. Due to increasing digital media and a shift towards working from home environment, the demand for internet is increasing. Optical communications and networking technologies are playing an increasingly important role in interconnecting a large variety of IT resources over globally distributed autonomous network systems to facilitate cost-effective information exchange and processing. For instance, in 2021, according to a report released by the International Telecommunication Union, a Switzerland-based digital technology provider, a total of 4.9 billion people around the world use the internet, which is equivalent to 63% of the world’s total population. It increased by around 17% when compared with 2019. Therefore, the increasing demand for the internet is driving the growth of the optical communications and networking market. Technological advancements are the key trend gaining popularity in the optical communication and networking market. Major companies operating in the optical communication and networking sector are focused on developing new technologies to sustain their position in the market. For instance, in March 2022, ADVA, a Germany-based telecommunications equipment company, launched a new BiDi pluggable device, named MicroMux, which helps in supporting single-fiber operations and delivering improved signal range of up to 40 km. MicroMux works on Edge BiDi (Bidirectional) ideal technology, which increases 10GbE (Gigabit Ethernet) optical interfaces. This helps in connectivity deployments in wireless and wireline access networks. This helps to increase the bandwidth. In March 2020, Ribbon Communications Inc., a US-based software development company, acquired ECI Telecom Group Ltd. For a deal amount of $436 million. Through this acquisition, Ribbon increased the scope of its operations and now offers 5G data services as well as network analytics, intelligence, and security capabilities. ECI Telecom Group Ltd. Is an Israel-based company that manufactures telecommunications equipment and packet-optical transport devices. Major players in the optical communication and networking market are Fujitsu Optical Components, Nokia, Cisco, Finisar, Huawei, Ciena, Ericsson, Juniper, Sumitomo Electric, Infinera, Adtran, Adva, Telefonaktiebolaget LM Ericsson, Broadcom, Coriant, ECI Telecom Ltd., Oclaro Inc., Padtec S.A., Sumitomo Corporation, Neophotonics Corporation, Ribbon Communications Inc., and FiberHome. Asia-Pacific was the largest region in the optical communication and networking in 2022. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the optical communication and networking market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the the Middle East, and Africa. The countries covered in the optical communication and networking market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The optical communication and networking market consists of revenues earned by entities by providing light signal transmitter and photo detecting receiver. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global optical communication and networking market is segmented - 1) By Component: Optical Fiber, Optical Transceiver, Optical Switch, Optical Amplifier, Optical Circulator, Other Components 2) By Technology: Wavelength Division Multiplexing (WDM), Synchronous Optical Network (SONET), Fiber Channel 3) By End User: Telecommunication, Data Broadcasting, Commercial, Governmental Enterprises, Defense, Information Technology, Other End Users

The optical transport network (OTN) refer to structured and layered networks made up of multiple sublayers protocol used to send network messages over optical fiber networks. The main components of the optical transport network market are optical switch, and optical packet platform. Optical packet platform refers to providing a universal aggregation and transport infrastructure that serves as the foundation for all current and future Ethernet and IP services. The technology segments include Wavelength Division Multiplexing (WDM) and Dense Wavelength Division Multiplexing (DWDM). Services like network design and network support are applied in major sectors like IT and telecom, healthcare, government, and other end-user verticals. The global optical transport network market size grew from $21.81 billion in 2022 to $23.91 billion in 2023 at a compound annual growth rate (CAGR) of 9.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The optical transport network market size is expected to grow to $35.18 billion in 2027 at a CAGR of 10.1%. The rapid growth of IP and ethernet is expected to propel the growth of the optical transport network market. Factors contributing toward growth in IP and ethernet sector include strong growth in wireless communication protocols, increasing adoption of secured network protocols by enterprises, and rapid growth in internet services across the globe. The rapid growth in IP and ethernet is expected to increase the demand for the optical transport network, as they act as a vital component in the transportation of IP packets. For instance, in May 2022, a study by Sweden-based communication device company, HMS Networks concludes that the industrial network market will grow by 8% in 2022, accounting for industrial ethernet growth to be the highest at 66%. Therefore, the rapid growth of IP and ethernet is expected to boost demand for optical transport network during the forecast period. Technological advancement is a key trend gaining popularity in the optical transport network market. Major companies operating in the optical transport network market are focused on providing technologically-advanced solutions to meet end-customer demands and strengthen their market position. These companies are implementing next-generation technologies into their network systems, such as time-division multiplexing (TDM) technology, electrical multiplexing, optical amplification technology combined with wavelength division multiplexing (WDM) technology, coherent digital technology, artificial intelligence, data centers, and photonic integrated circuits to improve the information transmission carried through the cables. For instance, in March 2022, Nokia Corporation, a Finland-based telecommunication company has launched a next-generation OTN architecture for wholesale services with new client interfaces that support 400GE service transport, and a variety of hard and soft isolation capabilities for network slicing. In April 2021, Belden Inc., a US-based manufacturer of networking, connectivity, and cable products technologies, acquired OTN Systems N.V. for approximately $71 million. Through this acquisition, Belden is focused on expanding its customer innovation center (CIC) initiatives and provide significant business synergies in the product, new tech, and commercial business areas. OTN Systems N.V. is a Belgium-based company that provides telecommunications solutions to industrial customers. Major players in the optical transport network market are Cisco System Inc., Huawei, Fujistu, Infinera, ADVA Optical Networking, Aliathon Technology, Ciena, ZTE, FiberHome, Alcatel- Lucent, NEC, ADTRAN, ECI Telecom (Ribbon), Tellabs, Britestream Networks, and Nokia Corporation. North America was the largest region in the optical transport network market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the optical transport network market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the optical transport network market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The optical transport network (OTN) market includes revenues earned by entities by providing various optical transport network services such as optical switches management, transport and packet platforms, network designing, network optimization, maintenance, and support of network to enhance orbital angular momentum (OAM) wavelength, transport transparency of customer traffic, performance monitoring, fault detection, and other related services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global optical transport network market is segmented - 1) By Component: Optical Switch, Optical Packet platform 2) By Technology: WDM, DWDM 3) By Application: IT and Telecom, Healthcare, Government, Other End-User Verticals

Information technology (IT) is the use of computers, storage, networking and other physical devices, infrastructure and processes to create, process, store, secure and exchange all forms of electronic data. The main type of information technology (IT) are IT services, computer hardware, telecom, and software products. Computer hardware is the physical components that a computer system requires to function and encompasses everything within a PC or laptop. The services are used by large, small, and medium enterprises of financial services, retail and wholesale, manufacturing, healthcare and others. The information technology (IT) market research report is one of a series of new reports from The Business Research Company that provides information technology (IT) market statistics, including information technology (IT) industry global market size, regional shares, competitors with information technology (IT) market share, detailed information technology (IT) market segments, market trends and opportunities, and any further data you may need to thrive in the information technology (IT) industry. This information technology (IT) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global information technology market grew from $8179.48 billion in 2022 to $8852.41 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The information technology market is expected to grow to $11995.97 billion in 2027 at a CAGR of 7.9%. The demand for cloud computing services is expected to drive the demand for IT services during the forecast period. In the cloud computing model, data is stored on the internet by a cloud computing provider, who manages and operates data storage as a service. Many companies are now choosing applications hosted in the cloud for their day-to-day operations. For example, according to statistics provided by hostingtribunal.com, 60% of computing workloads were running in the public cloud in 2019. Similarly, 94% of enterprise workloads are expected to be processed by cloud data centers in 2021. Companies are also opting for cloud-based data storage, thus boosting the demand for IT services. The outbreak of COVID-19 disease (COVID-19) has acted as a significant restraint on the information technology market in 2020 as supply chains were disrupted due to trade restrictions and employees working for these establishments faced difficulties related to infrastructure and communication owing to lockdowns imposed by governments globally, forcing them to work from home. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally, including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity, with countries entering a state of 'lock down,' and the outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the information technology market will recover from the shock across the forecast period as it is a 'black swan event and not related to ongoing or fundamental weaknesses in the market or the global economy. Over the past five years there has been an increasing prevalence of low cost open source alternatives. Open source has become a preferred platform for developing new technology. In the past, software publishers would open source software that was not making money, but now companies are open sourcing software to increase their presence and share in the market. Supabase, a YC-incubated startup that offers developers an open-source alternative, announced that it had raised a $6 million in funding to create new open-source tools. Major companies in the information technology (IT) market include Apple, Microsoft, Verizon Communications, China Mobile, AT&T Inc., Huawei, Deutsche Telekom AG, Dell Technologies Inc., Samsung Electronics Co., Ltd. and Comcast Corporation. Asia-Pacific was the largest region in the information technology (IT) market in 2022. North America was the second largest region of the information technology market. The regions covered in the information technology market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the information technology (IT) market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela and Vietnam. Major companies in the information technology (IT) market include Apple, Microsoft, Verizon Communications, China Mobile, AT&T Inc., Huawei, Deutsche Telekom AG, Dell Technologies Inc., Samsung Electronics Co., Ltd. and Comcast Corporation. Asia-Pacific was the largest region in the information technology (IT) market in 2022. North America was the second largest region of the information technology market. The regions covered in the information technology market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the information technology (IT) market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela and Vietnam. The information technology (IT) market consists of revenues earned by entities by providing IT services such as computer networking, broadcasting, systems design services and information distribution technologies like television and telephones and other equipment used during the process. The market value includes the value of related goods sold by the service provider or included within the service offering. The information technology market also includes sales of computers, computer peripherals and telecommunications equipment which are used in providing IT services. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global information technology market is segmented - 1) By Type: IT Services, Computer Hardware, Telecom, Software Products 2) By Organization Size: Large Enterprise, Small and Medium Enterprise 3) End User Industry: Financial Services, Retail & Wholesale, Manufacturing, Healthcare, Other End User Industries Subsegments Covered: Hardware Support Services, Software And BPO Services, Cloud Services, Computer Peripheral Equipment, Computer Storage Devices And Servers, Computers, Wireless Telecommunication Carriers, Wired Telecommunication Carriers, Communications Hardware, Satellite & Telecommunication Resellers, Operating Systems & Productivity Software Publishing, Database, Storage & Backup Software Publishing, Business Analytics & Enterprise Software, Video Game Software, Design, Editing & Rendering Software

Passive optical network refers to a fiber-optic network, which uses a point-to-multipoint topology and optical splitters to deliver data from a single transmission point to multiple user endpoints. The unpowered state of the fiber and splitting/combining components is referred to as passive in this context. The main components of the passive optical network include optical power splitters, optical filters, and wavelength division multiplexer/de-multiplexer. Optical power splitters are the basic parts of photonic integrated circuits (PIC). Splitters for passive optical networks (PONs) are essential in Fibre to the Home (FTTH) networks because they use a single PON network interface to be shared by several customers. The different passive optical network structures include ethernet passive optical networks (EPON), optical network terminal (ONT), optical line terminal (OLT), gigabit passive optical network (GPON), optical network terminal (ONT), an optical line terminal (OLT) for applications in residential service (FTTH), business service (Other FTTx) and mobile backhaul. The passive optical network market research report is one of a series of new reports from The Business Research Company that provides passive optical network market statistics, including passive optical network industry global market size, regional shares, competitors with a passive optical network market share, detailed passive optical network market segments, market trends and opportunities, and any further data you may need to thrive in the passive optical network industry. This passive optical network market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global passive optical network market size grew from $16.88 billion in 2022 to $20.63 billion in 2023 at a compound annual growth rate (CAGR) of 22.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The passive optical network market size is expected to grow to $38.24 billion in 2027 at a CAGR of 16.7%. Increasing penetration of telecom and internet services is driving the growth of the passive optical network market. The increasing penetration of telecom and internet services, as well as the expanding requirement for bandwidth, will drive the market. Demand for ethernet passive optical network (EPON) equipment is expected to rise as data-intensive applications such as video on demand, videoconferencing, and Voice over Internet Protocol (VoIP) become more popular. For instance, According to the IAMAI-Kantar ICUBE 2020, the number of active Internet users in India is predicted to rise from 622 million in 2020 and reach 900 million by 2025, up by 45% in the next five years. Therefore, demand for passive optical networks will rise with the increasing penetration of telecom and internet services. Companies in the passive optical network market are focusing on technological advancements to improve the speed and efficiency of networks. Companies are shifting from the existing gigabit ethernet passive optical network (GPON’s) 2.5Gbit/s and 1.25Gbit/s data rates to XGS-PON’s maximum 10Gbit/s symmetric speeds and technologies such as Next-Generation Passive Optical Network 2 (NGPON2) and 25 Gigabit Symmetrical Passive Optical Network (25GS-PON). For instance, in 2021, Nokia established the 25GS_PON MSA Group to bring together optical network operators along with leading system and component vendors, to promote and accelerate the development and deployment of 25GS-PON technology. In November 2021, a US-based telecommunications company, Verizon Communications acquired TracFone Wireless, Inc., for an undisclosed amount. With this acquisition, Verizon expands its portfolio and offers access to its industry-leading wireless network and a full suite of mobility products and services to a new customer base. TracFone Wireless, Inc., is a US-based prepaid, no-contract mobile phone provider. Major players in the passive optical network market are Sumitomo Electric Networks Inc., Verizon Communications Inc., Tellabs Inc., Freescale Semiconductor Inc., Hitachi Ltd., Mitsubishi Electric Corp., Huawei Technologies Co., Ltd., NXP Semiconductors, Nokia, ADTRAN Inc., TP-Link Technologies Co. Ltd., Sumitomo Electric Networks Inc., Broadcom Corporation Inc., and Fujitsu. North America was the largest region in the passive optical network market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the passive optical network market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the passive optical network market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The passive optical network market includes revenues earned by entities by providing services such as APON (ATM Passive Optical Networks), BPON (Broadband PON), EPON (Ethernet PON), GE-PON (for Gigabit Ethernet PON), GPON (Gigabit Ethernet PON). The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global passive optical network market is segmented - 1) By Component: Optical Power Splitters, Optical Filters, Wavelength Division Multiplexer/De-Multiplexe 2) By Structure: Ethernet Passive Optical Networks (EPON), Optical Network Terminal (ONT), Optical Line Terminal (OLT), Gigabit Passive Optical Network (GPON), Optical Network Terminal (ONT), Optical Line Terminal (OLT) 3) By Application: Residential Service (FTTH), Business Service (Other FTTx), Mobile Backhaul

A gigabit passive optical network refers to a telecommunications network that helps the providers bring fiber optic cabling and signals to the user. This helps to increase the bandwidth over a long range. It is used to deliver voice, data, and video services at gigabit speeds. The gigabit passive optical network is used for consolidating multiple services onto a single fiber transport network. The main types of gigabit passive optical network are optical line terminals (OLT), optical network terminals (ONT), and passive optical splitters. An optical line terminal refers to a device that serves as the service provider's endpoint. This helps to perform a conversion between the electrical signals used by the service provider's equipment and the fiber optic signals. The various components include products and services that involve several technologies such as 2.5 GPON, XG-PON, XGS-PON, and NG-PON2. The various applications include fiber to the home (FTTH), fiber to the building (FTTB), fiber to the curb (FTTC), fiber to the node (FTTN), and mobile backhaul. It is employed in residential, commercial, and other end users. The gigabit passive optical network market research report is one of a series of new reports from The Business Research Company that provides gigabit passive optical network market statistics, including gigabit passive optical network industry global market size, regional shares, competitors with a gigabit passive optical network market share, detailed gigabit passive optical network market segments, market trends and opportunities, and any further data you may need to thrive in the gigabit passive optical network industry. This gigabit passive optical network market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global gigabit passive optical network market size grew from $12.61 billion in 2022 to $14.51 billion in 2023 at a compound annual growth rate (CAGR) of 15.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The gigabit passive optical network market size is expected to grow to $25.33 billion in 2027 at a CAGR of 15.0%. The increasing demand for high-speed broadband services is expected to propel the growth of the gigabit passive optical network (GPON) market going forward. Broadband refers to high-speed internet access that is always faster than traditional dial-up access. A Gigabit passive optical network helps to increase high bandwidth with a long reach and acts as a support connection to both LANs (local area networks) and wide area networks and can increase the broadband speed. For instance, according to the Organization for Economic Co-operation and Development, a Paris-based international organization, high-speed broadband subscriptions grew by 15% across all the 38 OECD (Organization for Economic Co-operation) countries from June 2020 to June 2021. It also states that high-speed broadband makes up 32% of fixed broadband subscriptions across 38 countries. Therefore, increasing demand for high-speed broadband services is driving the growth of gigabit passive optical networks. New technological innovations have emerged as the key trend gaining popularity in the gigabit passive optical network market. Major companies operating in the gigabit passive optical network sector are introducing new technologies to sustain their position in the market. For instance, in November 2021, Calix Inc., a US-based telecommunications company, launched a new network innovation platform, AXOS, which works on intelligent access EDGE technology. This technology helps in managing 10G services in most remote and challenging geographies and also contains new alarm aggregation and analysis capabilities which help to increase the internet speed faster. In March 2021, Cisco Systems, a US-based technology conglomerate, acquired Acacia Communications Inc., for a deal amount of $4.5 billion. This acquisition helps Cisco to enter into new innovative markets such as software, optics, and silicon. Also, this acquisition helps Cisco to develop its “Internet for the Future” strategy faster. Acacia Communication, Inc., is a US-based optical networking strategy and technology company. Major players in the gigabit passive optical network market are Huawei, Cisco, Calix, ADTRAN, Alcatel-lucent, Himachal Futuristic Communications, MACOM, Infiniti Technologies, Fiber Optic Telecom, Hitachi, FiberHome, DASAN Zhone, Allied Telesis, Freescale Semiconductor Inc., and ECI Telecom. Asia-Pacific was the largest market in the gigabit passive optical network market in 2022. North America was the second largest region of the gigabit passive optical network market. The regions covered in the gigabit passive optical network market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the gigabit passive optical network market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The gigabit passive optical network market consists of revenues earned by entities by providing gigabit passive optical network services including fixed internet and voice, mobile voice and internet and internet protocol TV. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global gigabit passive optical network market is segmented - 1) By Type: Optical Line Terminal (OLT), Optical Network Terminal (ONT), Passive Optical Splitters 2) By Component: Product, Service 3) By Technology: 2.5 GPON, XG-PON, XGS-PON, NG-PON2 4) By Application: Fiber to the Home(FTTH), Fiber to the Building (FTTB), Fiber to the Curb (FTTC), Fiber to the Node (FTTN), Mobile Backhaul 5) By End-User: Residential, Business, Other End Users