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Passive Optical Network Market Research Report by Geographical Analysis and Forecast to 2027
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Expanding optical-fiber-based telecommunication infrastructure coupled with increasing focus to develop cost effective communication network based on passive optical components is the key factor contributes the growth of global passive optical network market.
Rising number of connected devices, continuous adoption of cloud-based services, and expanding consumer and commercial Internet of Things (IoT) applications, further accelerates the growth of global passive optical network market.
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Also, declining cost of fiber optics and Ethernet equipment coupled with the continuous adoption of optical fiber technology in wide-area network (WAN), local area network (LAN) and metropolitan area network (MAN), expected to fuel the growth of global passive optical network market. However, high initial investment for passive optical network development is the prominent factor identified as a restraint likely to deter the progression of global passive optical network market.
Among all regions, passive optical network market in North America is expected to dominate the market, due to increasing higher bandwidth applications, expanding fiber city projects, and rising focus on eco-friendly network solutions. In terms of revenue, Asia-Pacific is identified as the fastest growing passive optical network market, due to growing focus on cost effective network solutions, increasing fiber-to-the-premises (FTTP) deployment and continuous focus on digital transformations in government and public sectors.
Some of the prominent players in the global passive optical network includes ZTE Corporation., Nokia, Calix, FUJITSU, Mitsubishi Electric Corporation, NXP Semiconductors, ADTRAN, Inc., Huawei Technologies Co., Ltd., Extralink, TP-Link Technologies Co., Ltd.
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