Page 19 - 2024年光通信竞争力报告(摘要版)

6 The competitiveness report on the Top 10 competitiveness enterprises in the optical communications industry China & Global market in 2024 (18th) (Abstract Edition)

Preface • Work summary

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. With
the development of generative AI, it has driven the demand for optical module to fully enter a period of high growth. In particular, the
demand for high-speed optical modules has increased significantly. It is expected that the global market size of optical modules may
maintain a compound annual growth rate of 11% from 2024 to 2027 and is expected to exceed 20 billion dollars in 2027.

Since 2006, the global/ China optical communication enterprise competitiveness evaluation activity hosted by the Network
Telecommunication Information Research Institution has gone through 18 years. Through various survey data, we comprehensively
show the market pattern of the global communication industry and witnessed the leap in the competitiveness of the optical
communication enterprises. The list selection results of the “ The Winner of The Top 10 Competitiveness Enterprises in Global Optical
Communication in 2024” clearly show the competitive situation among enterprises in the global/ China optical communication
industry and various sub-industries in 2024.

In the global optical fiber and cable list, the top ten global manufactures occupy 91.30% of the optical fiber and cable market share,
showing strong competitive advantages. The top ten enterprises are occupied by five countries, namely from the United States (Corning),
China (YOFC, HTGD, FiberHome, ZTT), Japan (Furukawa Electric/ OFS, Sumitomo Electric, Fujikura), Italy (Prysmian) and India
(Sterlite). Among them, Chinese enterprises occupy four seats, accounting for 13.00%, 11.20%, 9.80% and 11.30% of the global
market share respectively. Indian enterprise Sterlite is on the list for the first time, occupying about 2.50% of the global market share.

Figure 12M02a4r年ke全t S球ha主re要of光E纤nte光rp缆ris企es业in市th场e份Gl额ob分al布Optical Fiber and Cable Field

8.70% 19.00% CORNING
2.50% 13.00% YOFC
3.10% HTGD
5.20% 11.20% Furukawa Electric/OFS
Prysmian
11.30% FiberHome
ZTT
9.80% Sumitomo Electric
Fujikura
5.90% Sterlite
Others

10.30%

From the perspective of the financial data competitiveness index of enterprises, Corning, an American enterprise, take the lead by a
wide margin with a strong competitiveness index of 2.8548. YOFC and HTGD rank second and third with competitiveness indexes of
2.0346 and 1.3678 respectively. The competitiveness indexes of other enterprises in the Top 10 are not much different. The difference
between Furukawa Electric/ OFS and Prysmian is less than 0.1, which shows the fierceness of competition. In addition to YOFC and
HTGD, Chinese enterprises FiberHome and ZTT rank among the top ten in the world with competitiveness indexes of 1.3678, 0.9356
and 1.1773 respectively.

In the field of optical transmission and network access equipment, the optical transmission equipment(DWDM) market experienced
a year-on-year decline of 13% in the first quarter of 2024. The optical transmission equipment markets in North America and some
parts of Asia-Pacific declined most significantly.However, there are also some regions that achieved growth. For example, the Chinese
market grew by 8%, and the Middle East and Africa(MEA) region even achieved a strong growth of 16%. In the list of the winner of
the top 10 competitiveness enterprises in global optical transmission an network access equipment in 2024, the ten enterprises are from
six different countries respectively, including the United States (CIENA, Infinera), China (HUAWEI,ZTE, FiberHome), Japan (NEC,
Sumitomo Electric), Finland (NOKIA), Sweden (Ericsson), and Germany (ADVA). Chinese enterprise HUAWEI ranks first on the
list. Its global share in otical transmission and network access equipment reaches 28.21%. NOKIA, ZTE, CIENA,FiberHome occupy
the top five on the list with market shares of 10.37%, 8.21%, 12.30%, 6.30% respectively. The detailed global market share of optical
transmission and network access equipment is shown in the following figure.