Passive Optical Network Market is Growing at a Strong CAGR of 14.3% by 2032 | Future Market Insights, Inc.

Passive Optical Network Market

The global passive optical network market is expected to be worth USD 20,872.2 million in 2022, rising at a 14.3% CAGR over the forecast period to reach USD 79,199 million by 2032.

Passive optical network (PON) is a telecommunications technology that uses dedicated optical fiber to give almost infinite capacity without the use of any network amplifying components. Passive Optical Network is a low-cost technology that allows multiple clients to share the same connection without the use of active components.

Passive optical components that are commonly used include optical attenuators, optical connectors, couplers/splitters isolators, circulators, filters, switches, and optical add/drop multiplexers (OADM).

The Passive optical network architecture consists of three main network elements Optical Line Terminal (OLT), Passive Optical Splitter, and Optical Network Unit (ONU). Passive Optical Networks are utilized in various services including High-speed Internet access, VoIP, IPTV, Video on demand, Video telephony and gaming.

Request for a Sample of this Research Report

Passive Optical Network Market Dynamics:

Expanding optical-fiber-based telecommunication infrastructure coupled with an increasing focus on developing cost-effective communication networks based on passive optical components is the key factor contributing to the growth of the global passive optical network market.

The rising number of connected devices, continuous adoption of cloud-based services, and expanding consumer and commercial Internet of Things (IoT) applications, further accelerate the growth of global passive optical network market.

Also, the 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.

Regional Outlook:

Among all regions, the 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 a 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.

Key players in the Passive Optical Network Market are:

  • ZTE Corporation
  • Nokia
  • Calix
  • FUJITSU
  • Mitsubishi Electric Corporation
  • NXP Semiconductors
  • ADTRAN Inc.
  • Huawei Technologies Co. Ltd.
  • Extralink
  • TP-Link Technologies Co. Ltd.
  • Fotech Solutions Ltd.
  • Intelligent Fiber Optic Systems Corporation (IFOS)
  • OptaSense
  • Silixa Ltd
  • RJC Enterprises

Checkout Now to Access Market Insights

Passive Optical Network Market Segmentation:

By Component:

  • Optical Power Splitters
  • Optical Filters
  • Wavelength Division Multiplexer/De-multiplexer

By Structure:

  • Ethernet Passive Optical Networks (EPON)
  • Gigabit Passive Optical Network (GPON)

By Region:

  • North America
  • Latin America
  • The Asia Pacific
  • Middle East and Africa
  • Europe

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:     

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube

About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like these