Global Optical Wavelength Services Market to Reach $9.2 Billion by 2030
The global market for Optical Wavelength Services estimated at US$5.1 Billion in the year 2023, is expected to reach US$9.2 Billion by 2030, growing at a CAGR of 8.6% over the analysis period 2023-2030. Ethernet Interface, one of the segments analyzed in the report, is expected to record a 5.5% CAGR and reach US$2.7 Billion by the end of the analysis period. Growth in the OTN Interface segment is estimated at 10.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.4 Billion, While China is Forecast to Grow at 12.6% CAGR
The Optical Wavelength Services market in the U.S. is estimated at US$1.4 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.3 Billion by the year 2030 trailing a CAGR of 12.6% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.3% and 7.6% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 5.3% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.4 Billion by the year 2030.
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