The Asia-Pacific planar lightwave circuit splitter market is expected to have highest market share and is estimated to reach $330.1 Million by 2023 at a significant CAGR of 10.6%, due to the increase in demand for strong and broad network connection across the globe.
The market for the planer lightwave circuit splitters is segmented on the basis of type, application, and geography. By type, the market is categorized into 1N and 2N. The applications covered in the study include telecommunication, Fiber to the X system (FTTX), passive optical network (PON) , cable television network (CATV), others include local area network (LAN) & wide area network (WAN).Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players in the global market are Corning, Exfiber Optical Technologies, Fiberon Technologies, Go Foton, Huihong Technologies, Ntt Electronics, Oemarket, Opto-Link Corporation, Prysmian, and other companies include Reliable Photonics, Shenzhen Technologies, and Sun Telecom.
KEY BENEFITS FOR STAKEHOLDERS
This report provides an extensive analysis of the current & emerging market trends and dynamics in the planar lightwave circuit splitters market.
In-depth analysis of the lightwave circuit splitters market is carried out by constructing market estimations for key market segments between 2016 and 2023.
Extensive analysis of the market is conducted by key product positioning and monitoring the top competitors within the market framework.
KEY MARKET SEGMENTS
By Type
1N
2N
By Application
Telecommunication
Fiber to the X system (FTTX)
Passive optical network (PON)
Cable television network (CATV)
Others (LAN and WAN)
By Geography
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Russia
Rest of Europe
Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Table of Contents
Executive Summary
According to a new report Planar lightwave circuit splitter Market by Type and Application: Global Opportunities Analysis and Industry Forecast, 2017-2023, the global planar lightwave circuit splitter market was valued at $778.80 million in 2016, and is projected to reach at $ 1,352.70 million by 2023, growing at a CAGR of 7.80% from 2017 to 2023.Planar lightwave circuit splitter is a type of optical power management device fabricated using silica optical wave-guide technology to distribute optical signals.
In 2016, 1N segment dominated the market, in terms of revenue, due to increase in investment in IT and telecommunication sector.
North America was the highest revenue contributor to the planar lightwave circuit splitter market in 2016, accounting for around 37.41% share, owing to surge in demand for wide operating wavelength across the network fabrication and installation.
The report features a competitive scenario of the planar lightwave circuit splitter market and provides a comprehensive analysis of the key growth strategies adopted by major players. The key players in the global market are Corning Inc., Exfiber Optical Technologies, Fiberon Technologies, Go Foton, Huihong Technologies, Ntt Electronics, Oemarket, Opto-Link Corporation, Prysmian and other companies include Reliable Photonics, Shenzhen Technologies, and Sun Telecom.
These players have adopted various competitive strategies such as innovation, new product development, and market expansion to boost the growth of the market.
Key findings of the Planar Lightwave Circuit Splitter Market:
The 1N segment accounted for the highest share in 2016, growing at a CAGR of 7.70% from 2017 to 2023.
FTTX application generated the highest revenue, accounting for $206.5 million in 2016.
North America is expected to dominate the market, in terms of market share, during the forecast period.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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