The global passive optical network market is expected to be worth US$ 20,872.2 million in 2022, rising at a 14.3% CAGR over the forecast period to reach US$ 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.
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 the 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 networks (WAN), local area networks (LAN), and metropolitan area networks (MAN), is expected to fuel the growth of global passive optical network market.
However, the high initial investment for passive optical network development is the prominent factor identified as a restraint likely to deter the progression of the 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.
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