Optical Amplifier Market is expected to grow with a CAGR of 6.7% during the forecast period to reach $935.23m by 2023
Americas has witnessed significant growth in optical amplifiers market with a global share of
35% of the market in 2017 and is projected to grow to $330.60 million by 2023, due to an increase in adoption of optical tools in the transmission networks for the betterment of signal quality and effective transmission of data in the enterprises operating across the American
region. Europe, is expected to gain considerable share of 28% in 2023due to growing acceptance of high quality transmission systems in this region. Asia-Pacific and the Row (Middle East & Africa) are poised to exhibit faster growth due to the favorable macroeconomic factors
and increasing investments in data centers. Factors such as digitization and increase in the amount of data are expected to drive the growth in these regions. Contact : [email protected]
Selected Analysis Done in the Full Report: Biggest driver for this market lies with the telecom operators who are increasing their 4G coverage, in order to reduce the internet traffic and deliver the best communication services to all the mobile operators across the globe. The EFDA amplifier market (Erbium doped fiber amplifier)is projected to reach revenue of $404.66 million by 2023 growing at a CAGR of
Excerpts on Market Growth Factors Mentioned in the Full Report:
Growing adoption of 4G connections is resulting in the increased demand for the optical fibers in order to transmit the data over longer distances at a high speed. Researchers developed a new optical fiber that could potentially double the information-carrying capacity of fiber optic cables. This technological improvement will maintain the fast free flow of information and will lead the optical communication technology.
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