The optical components market is projected to reach USD 12.3 billion in revenue by 2019. The market size was USD 3.6 billion in 2012. The market is poised for growth in response to the telecommunications market. As data packets have increased in size and cloud systems enable efficient storage, wireless communication need optical components to maintain their stability.

Optical components form the backbone of mobile network by updating their communication software and maintaining their data center network to manage high data speeds. With 6 billion smartphones, Internet services and M2M (machine-to-machine) communication depend on optical components to provide mobile connectivity. The network infrastructure equipment market and communication semiconductors will drive market demand from 2013 to 2019 (forecast period).

Products such as optical transceivers, optical amplifiers, and optical sub-systems encompass the optical components market. Together, these components create an optical transport network (OTN). These components provide multiplexing, management, survivability, transport, and supervision of communication channels.

Optical components support end-to-end data transfer through the communication network. They are essential elements needed by carriers and data centers. The market will be driven by devices compliant with 10 Gbps, 100 Gbps, and Multi-Source Agreement (MSA). The 10 Gbps Small Form Factor Pluggable (XFP) can be used to connect with datacom and telecom applications.

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The optical components market divided by technology into PON (passive optical network), optical cables, optical transceivers, and optical transmitters, CFP and CXP, ONTs (optical network terminal) and OLTs (optical line terminal). PON components comprise circulators, isolators, filters, and WDMs (Wavelength-Division Multiplexer). Optical transceivers will face a downward growth owing to price reduction of FTTx (Fiber to the X) applications. Applications include residential, data warehousing, military, information technology, healthcare, and entertainment. Residential will create a demand for 100 Gbps WDM in metros and suburbs.

Wireless network bases will increase in number to maintain data traffic. Data carriers will respond to increase in data by relying on big data solutions. Optical components can create a demand for broadband networks. They provide high data speeds for watching high resolution videos of news and entertainment.

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Prominent players of the optical components market are Oplink, Furukawa Electric, Emcore, Source Photonics, and Sumitomo.

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