Passive Optical Network (PON) Equipment Market size is expected to grow at 20% CAGR from about USD 8 billion in 2015 and reach over USD 40 billion in 2024. Increasing data traffic and growing demand for network bandwidth, reliable and environment friendly transmission solutions are anticipated to drive growth.
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North America and Europe passive optical network equipment market operate at an average of 12 percent to 18 percent of their digital potential. The GPON and EPON (Ethernet passive optical network) segments are projected to have provide opportunities in the forecast period owing to the unevenly increasing digitization of the global economies. Intensive data services such as Voice over Internet Protocol (VoIP), video on demand and video conferencing are projected to leverage growth.
By structure, the global passive optical network equipment market is segmented into GPON and EPON. The former segment is expected to expand at a higher CAGR till 2024 due to the key telecom players transitioning to GPON based FTTH rollouts from FTTB. The industry can be diversified based on the components into optical cables, power splitters, filters and wavelength division multiplexers & demultiplexers.
Structural equipment include bifurcation of components placed at the office premises and subscriber locations such as optical line terminal (OLT) & Optical network terminal (ONT). The ONT component placed at the office premises, used as LAN combination unit for incorporating voice, data and video in GPON is forecast to witness considerable demands. OLT is installed on subscriber locations and provides interfacing to the local services.
Asia Pacific PON equipment market share is projected to provide attractive growth opportunities owing to its steadily developing economies and increasing digitization in the regions. Increasing penetration of internet and infrastructural R&D investments in countries such as Japan, China and India, is expected to drive regional demand. The growth of the industry is backed up by the increasing demands of digitization in Europe and North America in the forecast timeframe.
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Key participants in the industry include Alcatel-Lucent, Adtran, Huawei Technologies Co., Ericson, Motorola Solutions, ZTE Corp., Mitsubishi Electric Corp. and Calix. Strategic business alliances, mergers & acquisitions are likely to fuel the development of new technologies and products till 2024. The need for rising participants consolidated industry growth will result in huge investments in the R&D space.
This latest Passive Optical Network (PON) Equipment Market research report offers in-depth analysis, key industry insights, market sizing & forecast on a granular level for key products, applications across a number of regional markets. The report also analyzes the Passive Optical Network (PON) Equipment Industry from business strategy perspective, describing in detail growth drivers, pitfalls &challenges for participants, accompanied by a detailed competitive benchmarking including company market share analysis and detailed business profiles.
Browse key industry insights spread across market data tables, figures & charts from the report, “Passive Optical Network (PON) Equipment Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024” in detail along with the table of contents:
Key Insights in this Report
- Passive Optical Network (PON) Equipment Market size & forecast by product & application
- Growth drivers, pitfalls & industry challenges
- Key Passive Optical Network (PON) Equipment Market growth opportunities & emerging business models
- Competitive benchmarking with market share analysis and company profiles
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