The Passive Optical Network Market is expected to grow at a significant CAGR during the forecast period (2024-2031). The passive optical network (PON) is a telecommunications technology that uses a point-to-multipoint design to facilitate LAN network distribution. The system can be classified as fibre-to-the-home (FTTH), fibre-to-the-curb (FTTC), or fibre-to-the-building (FTTB) depending on PON. The global passive optical market is growing due to the rising need for scalability in mobile networks and advancements in gigabit passive optical network (GPON) SoC technologies. The increase in demand for FTTH is expected to drive market growth.
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In recent years, the adoption of LTE networks and fixed broadband subscriptions has accelerated, and this trend is expected to continue during the forecast period. Due to reductions in latency on 5G NR and 4G LTE, enhanced mobile broadband (eMBB) delivers more data capacity. It steered most operators into new 5G use cases by allowing them to provide mobile broadband services to users directly. As a result of improved spectral efficiency and capacity, as well as increased smartphone data use in developed and emerging nations, it offers necessary facilities for digital services. To acquire greater market share, key players are using different strategies such as alliances and acquisitions, as well as product development. For instance, in May 2020, Nokia announced that it will collaborate with Openreach to construct and implement GPON and XGS-PON fibre access technologies to expand Openreach’s fibre-rich network to 4.5 million locations in the UK.
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Market Coverage
- Segment Covered-
o By Structure
o By Component
o By Application
- Competitive Landscape: Mitsubishi Electric Corp., Tellabs Inc., Hitachi Ltd., Verizon Communications Inc., Freescale Semiconductor Inc.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Passive Optical Network Market by Segments
By Structure
- GPON
- EPON
- WDM-PON
By Component
- Wavelength Division Multiplexer/De-Multiplexer
- Optical filters
- Optical power splitters
By Application
- FTTx
- Mobile Backhaul
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