Passive Optical Network Equipment Is Estimated To Witness High Growth Owing To Rising Demand For Higher Bandwidth

Passive Optical Network Equipment market 

The Passive Optical Network Equipment market is estimated to be valued at US$ 22.92 Mn in 2023 and is expected to exhibit a CAGR of 22% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Passive Optical Network (PON) equipment comprises fiber optic transmitters and receivers used for communication in fiber to the home (FTTH), fiber to the building (FTTB), and fiber to the curb (FTTC) networks. It provides higher bandwidth and bi-directional communication using point-to-multipoint fiber topologies. Main PON equipment includes optical line terminals (OLTs), optical network terminals (ONTs), and optical splitters.

Market Dynamics:
PON equipment market is primarily driven by rising demand for higher bandwidth from enterprises and individual consumers. Growing data traffic generated due to increase in video streaming services, online gaming, cloud services etc. is necessitating higher bandwidth networks. According to Cisco, global internet traffic is expected to reach 4.8 zettabytes per year by 2022. The fiber architecture of PON provides gigabit symmetric speeds to cater to this rising bandwidth demand.

Additionally, favorable government policies and initiatives to develop fiber infrastructure is also propelling the PON equipment market growth. Many governments worldwide are focusing on connecting rural and underserved areas with high speed broadband through FTTH networks. For instance, in US, the Rural Digital Opportunity Fund allocates $20 billion to expand high-speed internet connectivity. Such initiatives are anticipated to further drive the PON equipment installations during the forecast period.

SWOT Analysis

Strength: Passive optical network equipment provide high bandwidth and low-latency fiber connections to businesses and consumers. They offer reliable connectivity at much lower maintenance costs compared to traditional copper networks. The equipment supports convergence of data, voice and video on a single network.

Weakness: Upgrading existing infrastructure to passive optical network requires high upfront investment which may not be viable for telecom operators in cost-sensitive markets. Secondly, lack of common standards make equipment from different suppliers incompatible with each other.

Opportunity: Rapid digitization and growing reliance on high-speed internet across industries is driving demand for high-speed broadband networks. Passive optical network provides the best way to deliver broadband connectivity on a large scale. Rapid urbanization is another driver as more people migrating to cities will require fiber connectivity.

Threats: Competition from other broadband technological such as 5G networks and cable broadband. Secondly, the market is dominated by few major vendors which makes pricing and supply dependent on very few players.

Key Takeaways:
The Global Passive Optical Network Equipment Market is expected to witness high growth, exhibiting CAGR of 22.% over the forecast period, due to increasing demand for high-speed broadband connectivity driven by rapid digitization across industries and growing reliance on internet. Rapid urbanization is another key driver as over 55% of world population expected to reside in urban areas by 2030 requiring scalable fiber connectivity solutions. The market size is estimated to reach US$ 22.92 Mn in 2023.

Regional analysis: Asia Pacific dominates the Passive Optical Network Equipment market holding over 35% share owing to rapid digitization of economies like China and India. China accounts for biggest installation base led by increasing FTTH connections. North America is second largest region driven by focus on infrastructure upgrade programs to deploy fiber networks across countries. Europe is also a major regional market led by Germany, UK and France.

Key players operating in the Passive Optical Network Equipment market are Adtran Inc., Huawei Technologies Co. Ltd., Alcatel-Lucent S.A., Hitachi Communication Technologies, Inc., AT & T Inc., Freescale Semiconductor, Inc., Broadcom Corporation, Inc., Ericsson Inc., Calix Inc., and ECI Telecom, Ltd. The market is currently led by Huawei and Adtran based on extensive portfolio of PON optical network terminals and optical line terminals.

Read More - https://www.dailyprbulletin.com/fiber-to-the-home-ftth-is-the-largest-segment-driving-the-growth-of-the-passive-optical-network-equipment-market/

 

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