PUBLISHER: SkyQuest | PRODUCT CODE: 1260021
PUBLISHER: SkyQuest | PRODUCT CODE: 1260021
Global Passive Optical Network Market was valued at USD 13.61 Billion in 2021, and it is anticipated to attain a value of USD 115.46 Billion by 2028, at a CAGR of 21.1% over the forecast period (2022-2028).
The Optical Line Terminal (OLT), the Passive Optical Splitter, and the Optical Network Unit comprise the Passive Optical Network Architecture (ONU). Passive optical networks are utilised in many different services, including high-speed Internet access, VoIP, IPTV, video on demand, video telephony, and gaming.
Over the predicted period, increased penetration of telecom and internet services, combined with rising bandwidth requirements, has driven demand for Gigabyte Passive Optical Network (GPON) equipment. Data-intensive applications such as video on demand, videoconferencing, and Voice over Internet Protocol (VoIP) are likely to drive up demand for Ethernet Passive Optical Network (EPON) hardware.
Top-down and bottom-up approaches were used to estimate and validate the size of Asia Pacific Passive Optical Network Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Segments covered in this report:
The Global Passive Optical Network Market is segmented based on Technology, Network, Application and Region. Based on Technology it is categorized into Gigabit Passive Optical Network (GPON), Ethernet Passive Optical Network (EPON), and Others (NG-PON), Based on Network it is categorized into Element (Optical Network Terminal (ONT), Optical Line Terminal (OLT), and Optical Power Splitters); and Based on Applications it is categorized into (Residential Service (FTTH), Business Service (Other FTTx), and Mobile Backhaul) Based on the region it is categorized into North America, Europe, Asia-Pacific, South America, and MEA.
Driver
In comparison to other traditional networks, rising awareness of global warming has resulted in a worldwide need for eco-friendly solutions. Additionally, rapid digitization and rising requirement for safe, secure, and dependable operation are projected to drive passive optical network market demand.
Increasing fiber-to-the-home deployments for fast data, video, voice, and service access, as well as rising demand for a high-speed network at home for accessing smart technologies, are also driving growth. The increasing penetration of smart grids, e-governance services, and cloud computing is likely to push demand even further throughout the projection period.
Restraint
The high installation cost at the operator's interface, combined with the limited range of technologies, may hinder industry expansion during the predicted period. Furthermore, data bandwidth is not stated to individuals, which can slow down transmission speed during peak usage times, affecting the industry throughout the forecast year.
Market Trends
As a result of global digitization, rising demand for FTTH (Fiber to The House) and FTTB (Fiber to The Business) networks, among others, is likely to be one of the primary factors driving market growth. Market expansion is being driven by an increase in government programmes to promote digital evolution, as well as the availability of money for performing research & development to improve performance and broaden applications of passive optical networks.