The global passive optical network market size is likely to be valued at US$ 20,872.2 Million in 2022 and is expected to reach US$ 79,199 Million in 2032. The demand for passive optical networks (PON) is anticipated to grow at a CAGR of 14.3% during the forecast period.
Passive Optical Network is a point-to-multipoint, Fiber to the premises (FTTP) network architecture, enables the service providers to deliver unlimited virtual bandwidth for transmitting audio, video, and data simultaneously on a network.
Passive Optical Network is a cost-effective technology, which allows several customers to share the same connection, without any active components.
Some of the common passive optical components include optical attenuators, optical connectors, couplers/splitters isolators, circulators, filters, switches and optical add/drop multiplexer (OADM).
The Passive optical network architecture consists of three main network elements such as Optical Line Terminal (OLT), Passive Optical Splitter, and Optical Network Unit (ONU). Passive Optical Network utilized in various services including High-speed Internet access, VoIP, IPTV, Video on demand, Video telephony and gaming.
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Passive Optical Network Market: Market Dynamics
Expanding optical-fiber-based telecommunication infrastructure coupled with increasing focus to develop cost effective communication network based on passive optical components is the key factor contributes the growth of global passive optical network market.
Rising number of connected devices, continuous adoption of cloud-based services, and expanding consumer and commercial Internet of Things (IoT) applications, further accelerates the growth of global passive optical network market.
Also, declining cost of fiber optics and Ethernet equipment coupled with the continuous adoption of optical fiber technology in wide-area network (WAN), local area network (LAN) and metropolitan area network (MAN), expected to fuel the growth of global passive optical network market.
However, high initial investment for passive optical network development is the prominent factor identified as a restraint likely to deter the progression of global passive optical network market.
Passive Optical Network Market: Regional Outlook
Among all regions, passive optical network market in North America is expected to dominate the market, due to increasing higher bandwidth applications, expanding fiber city projects, and rising focus on eco-friendly network solutions.
In terms of revenue, Asia-Pacific is identified as the fastest growing passive optical network market, due to growing focus on cost effective network solutions, increasing fiber-to-the-premises (FTTP) deployment and continuous focus on digital transformations in government and public sectors.
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Passive Optical Network: Competitive Landscape
Some of the prominent players in the global passive optical network includes ZTE Corporation., Nokia, Calix, FUJITSU, Mitsubishi Electric Corporation, NXP Semiconductors, ADTRAN, Inc., Huawei Technologies Co., Ltd., Extralink, TP-Link Technologies Co., Ltd
Passive Optical Network Market: Market Segmentation
The global passive optical network marked is segmented on the basis of components, type, and by region
Passive Optical Network Market: Segmentation on the basis of Component
- Optical power splitters
- Optical filters
- Wavelength division multiplexer/de-multiplexe
Passive Optical Network Market: Segmentation on the basis of Structure
- Ethernet passive optical networks (EPON)
- Optical Network Terminal (ONT)
- Optical Line Terminal (OLT)
- Gigabit Passive Optical Network (GPON)
- Optical Network Terminal (ONT)
- Optical Line Terminal (OLT)
Passive Optical Network Market: Segmentation on the basis of Region
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia-Pacific excluding Japan
- Japan
- The Middle East and Africa
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