Passive Optical Network Equipment Market to be led by Increasing Demand for High-Speed Broadband across the Globe
Increasing
need for Green Network Solution driving the implementation of the Passive
Optical Network Equipment market across the globe.
According
to TechSci Research report, “Passive Optical Network Equipment Market –
Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028”. The
global passive optical network equipment market has undergone remarkable
growth, and transformation, driven by the escalating demand for high-speed
internet and enhanced connectivity across various industries. PON technology, a
cornerstone of modern telecommunications infrastructure, leverages optical
fiber networks to deliver data, voice, and video services efficiently and
cost-effectively. This market's expansion is propelled by several key factors,
including the proliferation of data-intensive applications like video
streaming, cloud computing, and Internet of Things (IoT) devices, which require
seamless and high-bandwidth connectivity. In addition, the increasing focus on
passive optical network equipment to overcome the requirement of energy
consumption, renewable energy sources, and CO2 reduction strategy has led the
increasing need for green network solutions propelling growth of Global passive
optical network equipment market in the forecast period.
Moreover,
increasing government initiatives to promote broadband penetration along with
simplified network operations, eco-friendly solutions and scalability has
propelled the growth of Global passive optical network equipment market.
Moreover, the high return on investments and low cost of ownership are further
witnessing significant growth in the passive optical network equipment market
globally.
Compared
to traditional networks, Passive Optical Network (PONs) is easier to establish
and maintain, which greatly simplifies their approach to operate. Passive
optical network uses the existing fibre optic line and simply replaces the
electronics, rather than altering the complete infrastructure, which reduces
the network's downtime during upgrades and growth. Additionally, the optical
fibre used in PON is constructed of a dielectric substance, which prevents the
production of electromagnetic radiation. As a result, information or data remains
secure during operation of PON. Components required by PON are wide area
network (WAN) router, Ethernet aggregation switch (EAS), core router/switch,
work group terminals (WGT), and fiber and passive optical splitters. Due to
their built-in capabilities, PONs have no interaction with multi-wired
disorderly closets, which makes its operations hassle-free. In addition,
unmatched security, higher bandwidth, and greater reliability are set to
bolster the growth of passive optical network equipment market globally.
Browse
over XX market data Figures spread through XX Pages and an in-depth TOC on the "Global
Passive Optical Network Equipment Market."
Global
Passive Optical Network Equipment Market is segmented into component, type,
application, end-user, and region. Based on component, the market is bifurcated
into wavelength division multiplexer/de-multiplexer, optical filters, optical
power splitters, optical cables, optical line terminal (OLT), optical network
terminals (ONT), others. The type market is further segmented into gigabit
passive optical network (GPON), ethernet passive optical network (EPON), next
generation passive optical network (NG PON), and others. Based on application,
the market is segmented into FTTH (fiber to the home), FTTx (fiber to the x),
mobile backhaul. Based on end-user, the market is bifurcated into residential,
commercial, industrial.
Based
on type, the gigabit passive optical network (GPON) segment is expected to
dominate in the global passive optical network equipment market owing to the
rising penetration of broadband users demanding high speed connectivity would
ignite. Furthermore, higher bandwidth allocation and low power consumption are
significant features offered by gigabit passive optical network (GPON) that has
made it superior in terms of technology, compared to ethernet passive optical
network (EPON), enabling the adoption of cloud-based Passive Optical Network
Equipment solutions in the global market.
Based
on application, the Global Passive Optical Network Equipment Market is
segmented into FTTH (fiber to the home), FTTx (fiber to the x), mobile
backhaul. FTTH (fiber to the home) is expected to dominate the market due
to its pivotal role in addressing the burgeoning demand for high-speed,
reliable, and future-proofed broadband connectivity. With the digital landscape
rapidly evolving, FTTH stands out as a transformative solution, directly
connecting individual homes to the optical fiber network. This direct link
empowers consumers with unparalleled data transmission speeds and seamless
access to bandwidth-intensive applications, ranging from ultra-high-definition
video streaming to immersive virtual reality experiences. As remote work,
online education, telehealth, and smart home applications become increasingly
integral to daily life, FTTH ensures optimized performance and a superior user
experience. Furthermore, governments and regulatory bodies worldwide are
recognizing the significance of FTTH in bridging the digital divide and
propelling economic growth. Initiatives and investments aimed at enhancing
broadband infrastructure, especially in urban and underserved rural areas,
further solidify FTTH's prominence in the market.
Based
on end-user type, commercial is expected to dominate the global passive optical
network equipment market as the development of fiber optic network by the
telecommunications network providers for offices and commercial building,
education, hospitality, banking, and many more is surging which is
complementing the growth of the overall market. Additionally, enterprises in
the country are focusing on technological advancements to improve the speed and
efficiency of networks. Information technology and defense sectors require
secure and reliable internet services which can be done using optical fiber.
Moreover, enterprises are shifting from the existing gigabit ethernet passive
optical network (GPON’s) 2.5Gbit/s and 1.25Gbit/s data rates to next generation
NG-PON’s with maximum 10Gbit/s symmetric speeds and technologies. Therefore,
the demand in commercial segment is increasing the growth of passive optical
network equipment in the global market.
Key market
players in the global Passive Optical Network Equipment market include:
- Huawei
Technologies Co. Ltd.
- Mitsubishi
Electric Corporation
- ADTRAN,
Inc.
- Nokia
Corporation
- Verizon
Communication, Inc.
- Tellabs,
Inc.
- Telefonaktiebolaget
LM Ericsson
- ZTE
Corporation
- SAP
SE
- Motorola
Solutions, Inc.
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“North
America is projected to experience the highest compound annual growth rate
(CAGR) during the forecast period. The region is anticipated to hold a
significant share of the Passive Optical Network Equipment market as the region
boasts advanced telecommunications infrastructure, increasing demand for
high-speed internet, and a robust focus on technological innovations. Factors such
as the widespread adoption of Fiber-to-the-Home (FTTH) solutions, escalating
data consumption, and the rapid deployment of 5G networks are driving the surge
in demand for Passive Optical Network (PON) Equipment in North America.
Moreover, the region's emphasis on smart city initiatives, digital
transformation across industries, and the burgeoning Internet of Things (IoT)
ecosystem further contribute to the anticipated growth. As North America
continues to harness the potential of PON technology to meet its connectivity
needs, it is poised to maintain a substantial share and lead in the market's
expansion, cementing its position as a pivotal player in the global passive
optical network equipment market,” said Mr. Karan Chechi, Research Director
with TechSci Research, a research-based global management consulting firm.
“Passive
Optical Network Equipment Market – Global Industry Size, Share, Trends,
Opportunity, and Forecast, 2018-2028, Segmented By Component (Wavelength
Division Multiplexer/De-Multiplexer, Optical filters, Optical power splitters,
Optical cables, Optical Line Terminal (OLT), Optical Network Terminals (ONT),
Others), By Type (Gigabit Passive Optical Network (GPON), Ethernet Passive
Optical Network (EPON), Next Generation Passive Optical Network (NG PON),
Others), By Application (FTTH (Fiber to the Home), FTTx (Fiber to the X),
Mobile Backhaul) By End User (Residential, Commercial, Industrial), By Region,
Competition”, has
evaluated the future growth potential of passive optical network equipment and
provides statistics and information on market structure, size, share, and
future growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in the global passive optical network equipment
market.
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