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Huawei, ZTE racing ahead in Optical Network market
TT Correspondent |  New Delhi |  26 Oct 2009

Chinese vendors Huawei and ZTE are seen leading the global market for Optical Networks with Alcatel-Lucent and NEC making the list of top four firms.

ZTE claims that its market share for Q2 2009 is 16.1 % while four-quarter market share is 12 %.

The optical network market in Asia-Pacific region grew by 24 % on a yoy comparison. Ovum estimates the market to scale past $ 5.8 billion by year-end. China and India will contribute the most to this market. In Q2 2009, the revenues reached $ 3.8 billion with ZTE witnessing the highest qoq revenues increase at 213 %.

The EMEA region saw sales drop to $ 4.84 billion in Q2 2009 mainly because of the ongoing economic crisis in Western Europe.

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26 Oct 2009(IST)  
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