Sep 22, 2020 11:00 AM ET
iCrowd Newswire – Sep 22, 2020
Zion Market Research has published a new report titled “Passive Optical Network Market, by Structure (GPON, EPON, WDM-PON), by Component (ONT, OLT), and by Region: Global Industry Perspective, Comprehensive Analysis and Forecast, 2019– 2026”. According to the report, the global passive optical network market was valued at USD 9,693.2 Million in 2019 and is expected to reach over USD 11,937.6 Million by 2026, growing at a CAGR of around 3.0% during the forecast period from 2019 to 2026.
Passive optical network is a technology which uses optical fibre to provide unlimited bandwidth, without use of amplifying components within that network. It is a cost effective technology, which allows several customers to share same connection. Passive optical components include optical attenuators, optical connectors, coupler isolator, filters, switches, optical multiplexer. Various services included in passive optical network are high speed internet access, VoIP, video on demand, video gaming.
Increase in adoption of cloud based services, expanding consumer and commercial IoT applications is a major factor for the growth of passive optical network in the forecast period. Also, the declining cost of fibre optics and increase in adoption of wide-area network, local area network, and metropolitan area network is expected to fuel the growth of passive optical network market in the forecast period. Furthermore, the demand for wireless services like 4G, 5G technology for the rising number of mobile internet users can also drive the market in forecast period. But, high initial investment and also strict regulations in many regional segments against installation of equipment can hinder the growth of passive optical network market.
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On the basis of segmentation the market is segmented by structure, component, and region. On the basis of structure the market is further bifurcated as GPON, EPON, WDM-PON. By component the market is segmented into ONT, OLT. In structure segmentation, GPON is projected to witness substantial growth in the forecast period because the GPON architecture comprises of single optical fibre to serve multiple endpoint users without any loss of information. Also, Asia pacific is expected to drive the growth of the market in the forecast period because of the developing economies and increase in digitization in those regions. Furthermore, an increase in the penetration of the internet and infrastructural R&D investments in countries like china, India, Japan can drive regional demand.
The report segments the global passive optical network market into:
Global Passive Optical Network Market: Structure Segment Analysis
Global Passive Optical Network Market: Component Segment Analysis
Global Passive Optical Network Market: Regional analysis
- North America
- The U.S.
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
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Keywords: Passive Optical Network Market