Transparency Market Research (TMR) has announced the addition of a new market study on the global passive optical network equipment market. The report analyzes the drivers, trends, opportunities, and restraints of the market. The report is titled “Passive Optical Network (PON) Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.”
Browse the full Passive Optical Network (PON) Equipment Market (By Components: Optical Cables, Optical Power Splitters, Optical Filters, Wavelength Division Multiplexer/De-Multiplexer; By Structure: Gigabit Passive Optical Network, Ethernet Passive Optical Network; By GPON Components: Optical Line Terminal, Optical Network Terminal; By EPON Components: Optical Line Terminal, Optical Network Terminal) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023 report at https://www.transparencymarketresearch.com/pon-equipment-market.html
The report states that the global passive optical network equipment market is expected to expand at a whopping 20.7% CAGR between 2015 and 2023. The market, which was valued at US$24.81 bn in 2014, is expected to rise to US$163.5 bn by 2023. Increasing digitization across the world is considered to be one of the prime drivers of the global passive optical network equipment market.
Passive optical network (PON) is a telecommunications technology implementing a point-to-multipoint architecture. It is a form of fiber optic access network, used to decrease the quantity of fiber and central office equipment required, in contrast to point to point networks. PONs do not make use of electrically powered components to split a signal; instead, they make use of beam splitters to distribute the signals. Thus, they are energy efficient, boosting their use.
PON have their applications in streaming video, gaming, video telephony, and others. Since service providers are constantly pressurized to provide higher bandwidth, improve service reliability, and security, implementing PON architecture can prove to be an effective overall solution. Moreover, the low cost of ownership and high return on investments are other factors that compel service providers to adopt PON, thus driving the market. Other drivers of the market include high penetration of smart digital devices among consumers, businesses, and governments, increasing advancements in networking technologies, and the rising inclination towards eco-friendly solutions. On the other hand, high initial investments and component costs will act as restraints for the market.
The global PON equipment market is segmented on the basis of structure, components, and geography. On the basis of structure, the market is segmented into gigabit passive optical network equipment (GPON) and Ethernet passive optical network equipment (EPON). In 2014, the GPON segment accounted for 65% of the global PON equipment market. The growth of the segment has been attributed to the high use of GPON equipment in government and corporate projects.
On the basis of components, the global PON equipment market is segmented into optical power splitters, optical cables, wavelength division multiplexer/de-multiplexer, and optical filters. Of these, the wavelength division multiplexer/de-multiplexer segment accounted for nearly 50% of the global PON equipment market in 2014. In terms of geography, the market is segmented into Asia Pacific, North America, Europe, and the Rest of the World. Of these, Asia Pacific accounted for 35% of the global PON equipment market. A huge demand for high bandwidth has aided the market’s growth in Asia Pacific. Moreover, Asia Pacific is anticipated to create significant growth opportunities for the PON equipment market in the future.
The report profiles leading vendors operating in the global PON equipment market such as: Motorola Solutions Inc., Huawei Technologies Co. Ltd., Ericsson Inc., Mitsubishi Electric Corporation and Freescale Semiconductor Inc.
The global PON equipment market is segmented as follows:
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