The year 2024 is a year full of challenges and opportunities for the global optical communication industry. On the one hand, affected by the severe macroeconomic environment, the recovery of the optical communication market remains slow. The pace of global 5G deployment has slowed down. Overcapacity, inventory pressure, reduced construction demand from operators and delayed construction demand for data centers, etc., hinder the positive development of the global optical communication industry. But on the other hand, countries around the world are actively promoting the implementation of 5G applications. 5G construction is in the ascendant. The booming development of the digital economy such as artificial intelligence and data centers has an increasing demand for higher bandwidth and faster connection speeds, which will also effectively support the market demand for optical communications.
The digital economy of major countries around the world continues to develop rapidly. Last year, the total digital economy of five countries including the United States, China, Germany, Japan and South Korea exceeded 33 trillion dollars, with a year-on-year growth more than 8%.The proportion of the digital economy in GDP is 60%. It is expected that from 2024 to 2025, the revenue growth rate of the global digital industry will pick up and steadily consolidate the foundation for the development of the digital economy.
