What is the global market size of Passive Optical Network Market?

Passive Optical Network Market size was valued at USD 16.87 billion in 2021 and is poised to grow from USD 16.88 billion in 2022 to USD 79.66 billion by 2030, growing at a CAGR of 22.2% in the forecast period (2023-2030).

Passive Optical Network Market Size, Share, Growth Analysis, By Technology(Gigabit Passive Optical Network (GPON), Ethernet Passive Optical Network (EPON), Others (NG-PON)), By Network Element(Optical Network Terminal (ONT), Optical Line Terminal (OLT), Optical Power Splitters), By Application(Residential Service (FTTH), Business Service (Other FTTx), Mobile Backhaul), By Region - Industry Forecast 2024-2031

Report ID: SQMIG45H2050 | Region: Global | Published Date: February, 2024
Pages: 165 | Tables: 90 | Figures: 76

Passive Optical Network Market Dynamics

Driver

In comparison to other traditional networks, the growing awareness of global warming has resulted in an increased demand for eco-friendly solutions worldwide. Furthermore, rising demand for safe, secure, and reliable operation, as well as increased digitization, are expected to drive passive optical network market demand.
Increased fiber-to-the-home deployments for fast access to data, videos, voice, and services, as well as rising demand for a high-speed network at home for accessing smart systems, are also driving growth. Over the forecast period, demand is expected to be driven further by the increasing penetration of smart grids, e-governance services, and cloud computing.

Restraint

The high installation cost at the operator's interface, as well as the limited range of technology, may halt industry growth over the forecast period. Furthermore, the data bandwidth is not declared to individuals, which can slow down transmission speed during peak usage times which is also expected to affect the market over the forecast year.

Passive Optical Network Market Report Snapshots

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Passive Optical Network Market size was valued at USD 16.87 billion in 2022 and is poised to grow from USD 16.88 billion in 2023 to USD 79.66 billion by 2031, growing at a CAGR of 22.2% in the forecast period (2024-2031).

The industry's service providers are primarily focused on developing technology for higher quality fibre used in network architecture. With increasing industry competition, industry players are working to simplify operations in order to drive further industry growth. The major competitors include Mitsubishi Electric Corp., Tellabs Inc., Hitachi Ltd., Verizon Communications Inc., Freescale Semiconductor Inc., and Sumitomo Electric Networks Inc. 'Huawei Technologies Co. Ltd.', 'Nokia Corporation', 'ZTE Corporation', 'FiberHome Technologies Group', 'Calix, Inc.', 'ADTRAN, Inc.', 'Mitsubishi Electric Corporation', 'Ciena Corporation', 'Fujitsu Ltd.', 'Dasan Zhone Solutions, Inc.', 'Alcatel-Lucent (Nokia)', 'Cisco Systems, Inc.', 'NEC Corporation', 'Hitachi, Ltd.', 'Ericsson AB', 'Broadcom Inc.', 'Corning Incorporated', 'Sumitomo Electric Industries, Ltd.', 'Adtran, Inc.', 'DASAN Networks, Inc.'

In comparison to other traditional networks, the growing awareness of global warming has resulted in an increased demand for eco-friendly solutions worldwide. Furthermore, rising demand for safe, secure, and reliable operation, as well as increased digitization, are expected to drive passive optical network market demand.

The increased demand for FTTH (Fiber to The Home) and FTTB (Fiber to The Business) networks, among others, as a result of global digitization, is expected to be one of the key factors driving market growth. The increase in government initiatives to promote digital evolution, as well as the availability of funding for conducting research and development to improve performance and expand applications of passive optical networks, is driving market growth.

In 2021, North America is expected to dominate the passive optical network market. The market is driven by increasing higher bandwidth applications, expanding fibre city projects, and a growing emphasis on eco-friendly network solutions. Asia-Pacific is the fastest growing passive optical network market in terms of revenue, owing to a growing emphasis on cost-effective network solutions, increased fibre-to-the-premises (FTTP) deployment, and a continued focus on digital transformations in government and public sectors.

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Passive Optical Network Market Dynamics

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