Demand for mobile and broadband services has boosted sales of worldwide optical network hardware.
Revenues hit $2.15bn in the second quarter of this year, a five per cent increase from the first quarter, according to figures from Infonetics Research.
The company predicted that the optical hardware market has now bottomed out, and that from next year the sector will see quarter-over-quarter increases from 2004 through to at least 2006.
The market is forecasted to total $8.6bn in 2003, a decline from 2002. But year-over-year growth is set to rise from 2004 through to 2006, when the market will reach $10.8bn.
"The economy is regaining strength in North America and in other regions, and carriers are starting to spend again," said Michael Howard, principal analyst and co-founder of Infonetics Research.
"Consumer broadband and corporate traffic continue to grow, roughly doubling each year.
"Mobile telephony and mobile data traffic is growing, supporting continued single- to double-digit percentage annual increases in revenue for nearly all metro categories, and single-digit annual increases in long-haul categories beginning in 2005."
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