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Planar Lightwave Circuit Splitter Market Expected to Reach $1,352.70 Million by 2023

06-20-2019 03:41 PM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Planar Lightwave Circuit Splitter Market Expected to Reach

Planar lightwave circuit (PLC) splitters regulate the power of optical signals via splitting and routing, delivering reliable light distribution. They have a broader operating wavelength range, i.e. 1260-1650 nm as compared to low-cost fused biconical-tapered (FBT) couplers. The planar lightwave circuit splitter offers a comprehensive temperature range, improved uniformity, enhanced reliability, and smaller size. PLC is a recent technology where waveguides are fabricated using lithography and a silica glass substrate. These splitters are known to offer accurate and even splits with minimum loss. It is widely used in PON networks to realize optical signal power splitting.

Planar lightwave circuit splitter is a type of optical power management device fabricated using silica optical waveguide technology to distribute optical signals.

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North America was the highest revenue contributor to the planar lightwave circuit splitter market in 2016, accounting for around 37.41% share, owing to surge in demand for wide operating wavelength across the network fabrication and installation.

Small Size, High Reliability & Wide Operating Wavelength Range

Recent technological advancements and need for simple & smaller component drive the demand for planar lightwave circuit splitter in the market. The PLC does not require any external power for operations, and thus, provides reliability in terms of operations.

The report features a competitive scenario of the planar lightwave circuit splitter market and provides a comprehensive analysis of the key growth strategies adopted by major players. The key players in the global market are Corning Inc., Exfiber Optical Technologies, Fiberon Technologies, Go Foton, Huihong Technologies, Ntt Electronics, Oemarket, Opto-Link Corporation, Prysmian and other companies include Reliable Photonics, Shenzhen Technologies, and Sun Telecom.

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These players have adopted various competitive strategies such as innovation, new product development, and market expansion to boost the growth of the market.

Key Findings of the Planar Lightwave Circuit Splitter Market:
• The 1N segment accounted for the highest share in 2016, growing at a CAGR of 7.70% from 2017 to 2023.
• FTTX application generated the highest revenue, accounting for $206.5 million in 2016.
• North America is expected to dominate the market, in terms of market share, during the forecast period.

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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client’s insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.

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The global planar lightwave circuit (PLC) splitter market was valued $778.8 Million in 2016, and is projected to reach $1,352.7 Million by 2023, registering a CAGR of 7.8% from 2017 to 2023, Planar lightwave circuit splitter offers a comprehensive temperature range, improved uniformity, enhanced reliability, and a smaller size for use in industries like hospitality, institutes, and others. The global planar lightwave circuit splitter market is expected to witness significant