Following the latest research by Fact.MR, the optical fronthaul market is expected to grow at a CAGR of 6.8% over the next ten years. The idea of introducing 5G technology, which provides better network connectivity and bandwidth, which is a key factor in this market, is the reason for this surge. Almost everyone nowadays uses smartphones and laptops instead of traditional computers.
People have begun to work from home, necessitating a more well-equipped network with faster speeds when using laptops. This has sparked a desire in today’s generation to adopt the most up-to-date technology and put it to better use.
Who are the Key Manufacturers of the Optical Fronthaul Market?
There are different leading manufacturers in this market such as
- Finisar Corporation
- Microsemi Corporation.
What is Driving Optical Fronthaul Demand?
As the demand for 5G technology grows, so does the demand for good network quality and connectivity, which makes it more efficient and flexible, as well as low latency and high speed. One of today’s basic needs of today’s youth is to get the most things done in the shortest amount of time possible.
More than half of the population now owns a smartphone, which has fueled the demand for fronthaul, which is driving growth in the ICT sector.
People who work from home on laptops demand higher speeds, more bandwidth, and better connectivity to ensure a smooth flow of work. This is one of the primary factors influencing demand. As a result of their continued use, there will be an even greater demand for optical fronthaul in the market.
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- Passive WDM
- Semi-Passive WDM
- Active WDM
- Ethernet and others