Industry News
AI brings new development opportunities?
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Author : JIUZHOU
Update time : 2024-09-06 09:05:03
In the first half of 2024, the financial performance of the global optical communication industry has attracted much attention. Driven by AI, the overall performance of the communication industry has achieved steady growth.
According to relevant data:
In the first half of 2024, the overall revenue of the communication industry was US$1639.431 billion. In the first half of 2023, the communication industry made $1,488.154 billion. This is a 10.17% increase from last year.
In the first half of 2024, the gross profit margin was 55.03%, this is an increase of 3.4 points from last year.
The net profit margin was 18.96%, it increased by 2.89% compared with the same period last year. The overall revenue of the access industry has grown steadily.
Telecom operators:
As of June 10, 2024, 614 companies around the world are investing in 5G technology. This information comes from recent statistics. Their investment methods include trials, obtaining licenses, planning, deploying networks and commercial use. Regarding 5G commercial use, 320 operators have launched or trial-run at least one 5G service that complies with 3GPP standards.
Test equipment vendors:
In the first half of 2024, customer spending slowed down. This hurt test equipment sales, and overall revenue went down. However, it is stated that with the rise of AI, the market may have new opportunities. At the same time, analysts state that short-term performance faces pressure but express optimism about long-term prospects.
Device vendors:
In the first half of 2024, driven by AI, the demand for data communication market is strong. However, the traditional telecommunications market is weak.
In addition to the mainstream optical module and device suppliers that benefit from AI-driven performance growth. The performance of other module and device vendors has dropped. The situation is not good for them.
Technology is improving, and market demand is increasing. This means the industry is likely to grow more steadily and sustainably in the future.
According to relevant data:
In the first half of 2024, the overall revenue of the communication industry was US$1639.431 billion. In the first half of 2023, the communication industry made $1,488.154 billion. This is a 10.17% increase from last year.
In the first half of 2024, the gross profit margin was 55.03%, this is an increase of 3.4 points from last year.
The net profit margin was 18.96%, it increased by 2.89% compared with the same period last year. The overall revenue of the access industry has grown steadily.
Telecom operators:
As of June 10, 2024, 614 companies around the world are investing in 5G technology. This information comes from recent statistics. Their investment methods include trials, obtaining licenses, planning, deploying networks and commercial use. Regarding 5G commercial use, 320 operators have launched or trial-run at least one 5G service that complies with 3GPP standards.
Test equipment vendors:
In the first half of 2024, customer spending slowed down. This hurt test equipment sales, and overall revenue went down. However, it is stated that with the rise of AI, the market may have new opportunities. At the same time, analysts state that short-term performance faces pressure but express optimism about long-term prospects.
Device vendors:
In the first half of 2024, driven by AI, the demand for data communication market is strong. However, the traditional telecommunications market is weak.
In addition to the mainstream optical module and device suppliers that benefit from AI-driven performance growth. The performance of other module and device vendors has dropped. The situation is not good for them.
Technology is improving, and market demand is increasing. This means the industry is likely to grow more steadily and sustainably in the future.
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