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AI and machine learning are fastest growing segments fueling the growth of Passive Optical Network Equipment Market

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samruddhicmi123
AI and machine learning are fastest growing segments fueling the growth of Passive Optical Network Equipment Market

The Global 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 equipment consists of fiber optic cables and transmitters that provide fast connectivity to homes and businesses without active electronic components. PON has advantages such as low maintenance, long lifespan and economical over traditional copper cable networks.

Market key trends:

One of the key trends in the passive optical network equipment market is the increasing adoption of next generation PON technology, namely 10G PON and NG PON2. 10G PON provides bandwidth up to 10 Gbps, catering to higher requirements of bandwidth intensive applications such as 4K video streaming. It also enables convergence of passive optical network and 5G backhaul networks providing significant cost advantages to telecom operators.

Segment Analysis

The global passive optical network (PON) equipment market is segmented into optical network terminals (ONT), optical line terminals (OLT), and other passive optical network equipment. The OLT sub-segment dominates the market as these are installed on the central office side of the network to facilitate the distribution of broadband services. OLTs serve as the connection point between the optical fiber infrastructure and transmission equipment.

Key Takeaways

The Global Passive Optical Network Equipment Market is expected to witness high growth, exhibiting a CAGR of 22% over the forecast period, due to increasing demand for high-speed internet connectivity globally.

Regional analysis

Asia Pacific is expected to dominate the passive optical network equipment market over the forecast period. This is attributed to the growing adoption of advanced network infrastructure in countries like China and India. The region has emerged as a global manufacturing hub with significant growth in sectors like IT & telecom.

Key players

Key players operating in the passive optical network equipment market include 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 highly competitive with these players launching innovative passive optical networking solutions to gain market share.

The global passive optical network equipment market size is expected to reach US$ 22.92 Mn by 2023 from US$ 10.82 Mn in 2023, expanding at a CAGR of 22% during the forecast period.


Read More - https://www.marketwebjournal.com/growing-adoption-of-fiber-connectivity-to-boost-the-growth-of-passive-optical-network-equipment-market/

 

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