The Passive Optical Network Market was worth USD 9867.5 Million in 2016 and is projected to reach around USD 44317.7 Million by 2023.

Pune, India -- (SBWire) -- 11/16/2018 --A passive optical network is a faster light based multipoint telecommunication network system that brings optical fiber cabling as well as signals to the end user. In passive optical network operation, there are no conversions such as electrical to optical and optical to electrical. PON comprises of one optical line termination (OLT) at the carrier's premises and numerous optical network units (ONU) near the end users.

"The Passive Optical Network Market was worth USD 9867.5 Million in 2016 and is projected to reach around USD 44317.7 Million by 2023. The Passive Optical Network Market is estimated to grow at a CAGR of 22.95% during the forecast period 2017-2023. The Asia-Pacific region accounted for the largest market share of approximate 40% in 2016 and is expected to remain dominant through the forecast period. The Asia-Pacific region is expected to grow at highest CAGR of 23.01% during the forecast period."

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Fiber to the home (FTTH) application is gaining more demand from telecommunication operators and it is expected to drive the growth of the PON market. Increasing data traffic is necessitating up gradation in infrastructure for enabling higher capacities and it is driving the growth of the market. The growing demand for conservation of energy and presence of robust optical network setup are anticipated to enhance the growth of the global PON market. Growing investments in research & development and in physical infrastructure by both private entities and public entities to improve the broadband connectivity and efficiency drive the growth of the global passive optical network market. WDM segment has the largest market share among components due to the rising broadband traffic, growing demand for cloud services and increasing deployment of FTTH/FTTP. The technological up gradation of networks infrastructure by major telecom companies is anticipated to drive the growth of the global PON network market. Increasing demand for GPON equipment and EPON equipment to meet bandwidth requirements and data intensive services are anticipated to drive the growth of the global PON market during the forecast period 2017-2023.

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Higher installation as well as operation costs, due to the higher component costs, hinders the growth of the global passive optical network market. Moreover, difficulty in handling the failures of passive optical networks and the shortcomings of ranges available for the operators in their premises is some other restraints for the market. Growing demand for higher broadband bandwidth applications and high capacity optical networks are anticipated to present growth opportunities for the major players in the global passive optical network market, especially in the emerging economies. GPON segment provide growth opportunities for market players due to advanced technology in terms of technology and network operations, reliability and better return on investment.

Segment Mentioned in this Premium Report

The report covers the analysis of global as well as regional markets of passive optical network Market. The global passive optical network Market is segmented by structure, by component and by application. The global passive optical network market by structure covers ATM Based Passive Optical Network (APON), Broadband Passive Optical Network (BPON), Ethernet Passive Optical Network (EPON), Gigabyte Passive Optical Network (GPON), and Wavelength Division Multiplexing Passive Optical Network (WDM-PON) among others. On the basis of component, the market is segmented as Optical Line Terminal (OLT) and Optical Network.