LightCounting has released its latest guidance for the optical communications market in 2020, which is expected to be affected by a novel coronavirus outbreak.
According to LightCounting, sales expectations for the optical communications market in 2020 are likely to be low.
Although the optical communications industry will not be affected as much as tourism and hospitality, no industry is immune to the global recession.
As people around the world push to work and study from home, demand for web and cloud services will soar.
In the past week alone,Microsoft Teams, a chat-based smart team collaboration tool, added 12 million daily active users to its 32 million.
Despite the panic in financial markets, the slowdown in demand for optical networks and transceivers is likely to be short-lived.
Given the urgency to increase bandwidth in network infrastructure, we expect a very strong recovery to follow.
Once the world returns to normal or new normal, networks and data centres will be the focus of investment for many years to come.
While the timing of the recovery is difficult to predict at this stage, there is no doubt that the optical communications industry is poised for a strong recovery.