Passive optical network equipment helps in delivering high-speed broadband connectivity using fiber optic cables. This network equipment provides advantages like higher bandwidth, lower maintenance, security, scalability, and cost-effectiveness for delivering high-speed internet and multimedia services to residential, business, and mobile backhaul segments. The rising popularity of bandwidth-intensive applications and services such as video streaming, online gaming, e-learning, tele-working, and tele-conferencing have increased the demand for high-speed broadband connectivity.
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 key trends:
The growing mobile data traffic due to rapid increase in smartphone penetration and adoption of 4G/LTE networks has accelerated the demand for high bandwidth and low latency mobile backhaul networks. This is a key trend driving the growth of the passive optical network equipment market. Passive optical networks have emerged as a cost-effective and high-performance technology for deployment of converged networks which can deliver triple play services of voice, data and video. Increasing investments by telecom service operators for upgrading legacy copper networks to fiber based passive optical networks to meet the rising bandwidth demand is expected to boost the market growth over the forecast period.
Segment Analysis
The passive optical network equipment market is dominated by Optical Network Terminal (ONT) segment. ONT facilitates communication between the fibers of the passive optical network and customer's equipment such as smartphone, computer etc. ONTs form a key component that provide connectivity to end customers. They are placed at the customer's premises and facilitate last mile connectivity. High demand for last mile connectivity from residential and business users is driving the growth of ONT segment in the PON equipment market.
Key Takeaways
The Global Passive Optical Network Equipment Market Demand is expected to witness high growth over the forecast period of 2023 to 2030. The market is estimated to grow at a CAGR of 22%during the forecast period. By 2030, the market size is projected to reach US$ XX Mn.
Asia Pacific region dominates the global PON equipment market with over 40% share in 2023. Countries like China, India, and Japan are major markets in the region. High investments in fiber rollout and favorable policies are supporting the growth of PON network infrastructure in Asia Pacific. North America and Europe are other prominent regions in the market.
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. Huawei, Adtran and ZTE Corp capture over 50% share of the global PON equipment market owing to their strong portfolio of PON OLTs and ONTs.
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