According to a new report, published by KBV research, The Global Passive Optical Network Market size is expected to reach $31.1 billion by 2030, rising at a market growth of 13.4% CAGR during the forecast period.
The FTTX segment is registering a CAGR of 13.1 % during the forecast period. As more data-intensive applications and services emerged, such as 4K/8K video streaming, IoT devices, and virtual reality, higher bandwidth became evident. FTTX networks can provide the necessary bandwidth to support these applications. Many governments worldwide have recognized the importance of broadband access for economic development and have introduced initiatives to promote the deployment of FTTX networks, often providing subsidies or incentives.
The Optical Line Terminal (OLT) segment is leading the Global Passive Optical Network Market by Component in 2022; thereby, achieving a market value of $13.6 Billion by 2030. Because of the growth of cloud computing, streaming services, bandwidth-intensive apps, and remote work, there is an increasing need for high-speed Internet. As a result, the segment will expand rapidly in the upcoming years.
The EPON segment is growing at a CAGR of 12 % during the forecast period. EPON offers a cost-effective solution by utilizing a passive infrastructure, reducing the need for active electronic components. Telecommunication service providers and internet service providers (ISPs) are progressively transitioning towards delivering gigabit services to consumers. EPON technology, supporting gigabit speeds, has become an attractive solution for enabling high-speed internet access to end-users. These factors are expected to boost the demand in the segment.
The Asia Pacific region dominated the Global Passive Optical Network Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $12.2 Billion by 2030. The Europe region is anticipated to grow at a CAGR of 12.8% during (2023 - 2030). Additionally, The North America region would witness a CAGR of 12.6% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/passive-optical-network-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Adtran, Inc., Calix, Inc., Ciena Corporation, Cisco Systems, Inc, Huawei Technologies Co., Ltd. (Huawei investment & Holding Co., Ltd.), Infinera Corporation, Nokia Corporation, TP-Link Corporation Limited, ZTE Corporation and Ericsson AB
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