Passive Optical Network (PON) Equipment Market is Anticipated to Hold a Share of US$ 42.6 billion by 2031 Says Transparency Market Research

WILMINGTON, DE / ACCESSWIRE / June 7, 2023 / Transparency Market Research Inc. - The global passive optical network (PON) equipment market is estimated to be valued at US$ 42.6 Bn by 2031, up from US$ 12.7 Bn in 2022. Rise in demand for high-speed broadband, increase in government initiatives for the growth of the digital economy, and rapid urbanization are some of the key factors fueling the PON equipment market.

Rise in adoption of next-gen technologies in the communication industry, surge in smart city development projects, and rapid increase in IoT devices are also fueling market size.

Initiatives of manufacturers to develop products that are cost-effective, durable, scalable, and safe to use is likely to steer market development in the next few years. Furthermore, manufacturers are engaging in improving the performance of PON equipment for high-bandwidth applications such as online gaming and video streaming.

PON equipment offers several operational advantages to meet bandwidth requirements for data traffic. It offers high bandwidth capacity, thus enabling fast and efficient data transfer over long distances.

PON network also offers economic benefits. The shared fiber infrastructure reduces the need for extended cabling, thereby resulting in cost savings and simplified network management.

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Market Snapshot:

Report Coverage

Details

Market Revenue

US$ 12.7 Bn

Estimated Value

US$ 42.6 Bn

Growth Rate - CAGR

14.4%

Forecast Period

2023-2031

No. of Pages

187 Pages

Market Segmentation

Component, Structure, End-use

Regions Covered

North America, Europe, Asia Pacific, Middle East & Africa, South America

Companies Covered

Adtran Inc., Calix, Inc., Cisco Systems, Inc., Huawei Technologies Co., Ltd, InCoax Networks AB, Mitsubishi Electric Corporation, Molex, Motorola Solutions Inc., Nokia Corporation, Verizon Communications, Inc., ZTE Corporation, Other Key Players

Key Findings of Study

Rise in Demand for High-speed Broadband Fueling Market Expansion - Demand for high-speed broadband has soared, fueled by the burgeoning growth of cloud computing, data-intensive applications, video streaming, and IoT. Telecommunication companies and network operators are leaning toward PON technology to meet the ever-increasing bandwidth demand. PON equipment can transmit high-speed voice, data, and video services.

Rise in number of broadband connections across the world is also a key factor anticipated to fuel market progress in the next few years. According to data published by the Organization for Economic Co-operation and Development, there were 476.0 million fixed broadband subscriptions in OECD countries in June 2022, up from 463.0 million in 2021. On the other hand, mobile broadband subscriptions totaled 1.8 billion in June 2022, up from 1.7 billion in 2021.

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Rise in Government Initiatives to Develop Digital Economy Fueling Market Value - Several governments are striving to provide equal high-speed broadband connection across urban, suburban, and rural areas, as it is promotes social inclusion and equal opportunities. Therefore, governments are implementing policies that favor the deployment of PON technology, particularly Fiber-to-the-Home networks. This entails providing subsidies, financial incentives, and regulatory support to promote the expansion of broadband infrastructure, thus fueling PON equipment market demand.

Numerous countries are undertaking initiatives and devising policies to expand high-speed broadband connectivity using underlying fiber optic infrastructure.

Demand for Gigabit Passive Optical Network Equipment Gathers Steam - In terms of structure, the gigabit passive optical network (GPON) equipment structure segment is anticipated to hold key share of the global market in the near future. This can be ascribed to its advantageous properties such as high speed, energy efficiency, and stability.

GPON, the most advanced and efficient network, offers durability and affordability. It is a futuristic network that can upgrade and evolve as technology evolves. This power-saving, environment-friendly technology with its substantial bandwidth is transforming various sectors such as educational institutions, mining camps, residential complexes, hotels, commercial buildings, and retirement communities .

High Demand for Optical Line Terminal Component in PON Equipment Market - Based on component, the optical line terminal (OLT) segment is expected to dominate the global industry during the forecast period. This can be ascribed to rise in demand for high-speed and failsafe broadband services. OLT is a key element of fiber-based broadband services. Hence, it is expected to witness an increase in demand in the near future.

Growth Drivers

Superior attributes of PON equipment of high bandwidth capacity, enabling fast and efficient data transfer over long distances is driving PON equipment market

Soaring demand for high-speed broadband for various applications is augmenting market growth

Regional Landscape

Asia Pacific is anticipated to hold the major market share during the forecast period. The region being home to world's two most populous economies, excessive internet penetration, and government initiatives for development of digital economy are fueling the PON equipment market statistics.

Governments of India, China, South Korea, and Japan are investing heavily in fiber optic infrastructure to meet the increase in demand for high-speed broadband services. Deployment of PON technology in smart city projects is further boosting market size in the region.

The PON equipment market in North America is expected to expand in the near future. The U.S. is the key contributor to market growth in the region. Demand for modernization of networks, government initiatives for broadband expansion, and presence of well-established service providers are fueling market development in the region.

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Competitive Analysis

The competition landscape is fragmented, with the presence of a large number of well-entrenched players that hold majority market share. Expansion of product lines, collaborations, and acquisitions are key strategies adopted by leading players.

Prominent players in the PON equipment market include Adtran Inc., Cisco Systems Inc., InCoax Networks AB, Motorola Solutions Inc., and ZTE Corporation.

The passive optical network (PON) equipment market is segmented as follows:

Passive Optical Network Equipment Market, by Component

Optical Cable

Optical Power Splitter

Optical Filter

Wavelength Division Multiplexer/Demultiplexer

Optical Network Terminal

Optical Line Terminal

Passive Optical Network Equipment Market, by Structure

Ethernet Passive Optical Network Equipment

Gigabit Passive Optical Network Equipment

Passive Optical Network Equipment Market, by End-use

Residential

Commercial

Industrial

Government/Education

Passive Optical Network Equipment Market, by Region

North America

Europe

Asia Pacific

Middle East & Africa

South America

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact:

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SOURCE: Transparency Market Research inc.

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