HOME Research Insight Finisar (US) and Lumentum (US) are the Leading Players in the Fiber Optic Components Market

Finisar (US) and Lumentum (US) are the Leading Players in the Fiber Optic Components Market

The fiber optic components market is expected to be valued at USD 27.60 Billion by 2023, growing at a CAGR of 10% between 2018 and 2023. The growth of this market is propelled by the increasing deployment of data centers, growing internet penetration and data traffic, and rising demand for bandwidth and reliability.

Finisar (US), Lumentum (US), Broadcom (US), Sumitomo Electric (Japan), and Accelink Technologies (China) are the leading players in the fiber optic components market. Agreements, contracts, joint ventures, product launches and developments, acquisitions, and expansions are some of the key strategies adopted by the major players to gain a competitive edge in this market.

Finisar provides a broad portfolio of optical subsystems, which includes transmitters, receivers, transceivers, transponders, amplifiers, and active optical cables, mainly based on the Ethernet, Fiber channel, OTN, and SONET/SDH protocols. The company spends around 15% of its revenue in R&D activities in 2016. To grow in this market, it focuses mainly on the organic growth strategy of product launches. For instance, in September 2016, Finisar launched its CPRV422XA family of high-bandwidth OIF Micro-ICR Class 40 receivers. The CPRV422XA receiver enables the next-generation coherent transmission systems targeting single-wavelength applications with a speed of up to 600 Gbps.

Lumentum is a global technological firm that develops and manufactures optical communication products and industrial lasers. The company focuses on its optical communication segment, which accounts for the maximum share of its revenue. Lumentum follows technology leadership by working on collaborative innovations (with its customers), cost leadership, and functional integration strategies. The company aligns its latest technologies with the industry-leading technologies, along with skilled operations, to drive its optical communication segment to serve the growing needs such as increasing transmission speed and high-speed interconnects.  To grow in fiber optic components market, it focuses on the organic growth strategy of product launches. For instance, in March 2016, Lumentum launched the 10Gbps tunable SFP+ optical transceiver. The newly developed transceiver would provide solutions for network-edge applications and can work at low power.

Other major companies operating in the fiber optic components market are Acacia Communications (US), EMCORE (US), Fujitsu Optical Components (Japan), Furukawa Electric (Japan), II-VI (US), NeoPhotonics (US), Oclaro (US), O-Net Technologies (China), Reflex Photonics (Canada), and Source Photonics (US).

Related Reports:

Fiber Optic Components Market by Component (Transceivers, AOCs, Cables, Amplifiers, Splitters, Connectors, Circulators), Data Rate (10G, 40G, 100G, above 100G), Application (Communications, Distributed Sensing) - Global Forecast to 2023

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