A new report from market research firm Dell'Oro Group says that the global optical transport equipment market declined by 2% for the full year 2021 due to weak market conditions in many countries in the Asia Pacific region, including China. The optical transport markets in other regions - North America, Europe and Latin America - all saw growth in 2021.
After a brief slowdown in 2020 due to the new crown epidemic, the optical transport market outside of Asia Pacific shows improvement in 2021. This is a clearly strong growth year for the optical transport market in all other regions. In fact, revenues in 2021 exceeded pre-epidemic levels for the optical transport market in all regions except Asia Pacific. The biggest issues facing the industry are ongoing component shortages and supply chain bottlenecks. Without these issues, the optical transport market would have grown at a much higher rate.
Other highlights of this report include.
1. Asia Pacific's optical transport market revenue declines by 11% in 2021 due to declining sales across the region. The China market, which contributes two-thirds of the Asia Pacific optical transport market revenue, declines by approximately 9% in 2021.
2. The optical transport market revenues in North America, Europe and Latin America grew by 12%, 6% and 19% respectively.
3. The equipment manufacturers with the highest revenue shares in markets outside of Asia Pacific were Ciena, Huawei, Nokia, Infinera and Cisco, with a combined market share of over 80%.
