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Passive Optical Network Market Forecast to 2027
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The passive optical LAN market is growing persistently. The market witnesses a massive demand for passive fiber optic splitters and combiners designed to work in various passive optical networks (PON) and gigabit passive optical network (GPON) applications. Besides, the increased usage of these technologies by companies that are interested in green technologies drive the growth of the market.
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Many new opportunities are emerging as more and more homeowners, and professional entities embrace passive optical LAN (POLAN) technologies and services. This, in turn, increases the POLAN market share. Passive Optical LAN (POLAN) plays a lead role in successfully enabling organizations to achieve their ongoing digitization.
Installation-friendly alternative and delivering savings in both capital and operating expenditure, POLAN offers considerably reduced capital expenses in the total cost of ownership. The COVID 19 pandemic has highlighted the importance of IT and networks in keeping governments, businesses and communities connected, which escalates market growth.
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According to Market Research Future (MRFR), the global passive optical LAN market is projected to create an exponential valuation by 2027, registering an impressive CAGR during the review period (2020-2027). Additionally, the increasing demand for next-generation high bandwidth data centers and communication networks substantiates the size of the market.
The emergence of cutting-edge advanced optical solutions in a number of commercial sectors pushes the market growth. Furthermore, the spurting growth in end-user industries such as aerospace & defense, industrial, and IT & telecommunications fosters the market growth.
Passive Optical LAN Market- Segmentations
The passive optical market report is segmented into type, component, application, end user, and region. The type segment is sub-segmented into gigabyte capable passive optical networks (GPON), EPON, and others. The component segment is sub-segmented into optical cables, coupler, power splitter, connector, amplifier, end receiver, and others.
The application segment is sub-segmented into loop feeder, synchronous optical network, hybrid fiber-coaxial cable, synchronous digital hierarchy, and others. The end user segment is sub-segmented into manufacturing, BFIS, education, healthcare, government, and others. By regions, the market is sub-segmented into Americas, Asia Pacific, Europe, and rest-of-the-world.
Passive Optical LAN Market- Geographical Analysis
The Asia Pacific region dominates the global passive optical LAN market. The region is rapidly accelerating data traffic and therefore witnesses exponential growth in the demand for digital and mobile devices. India and China are major markets for POLAN technologies. Especially, India has seen tremendous demand in terms of optical fiber. The Indian government is also a major contributor to demand, and it’s investing heavily in LAN to improve both the infrastructure and Internet connectivity across the country.
North America stands second in the global passive optical LAN market. The region witnesses enormous demand for POLAN technologies due to the increasing data rates increasing data collection, and reducing operations complexity. Additionally, the market growth is driven by heavy investments in the POLAN industry by many key players. The huge demand for improved bandwidth drives the growth of the market.
The passive optical market in the European region is growing rapidly. Factors such as the rising adoption of POLAN technologies and applications such as enterprises, telecom, and data centers boost the market size. Furthermore, the rising demand from end-user industries such as aerospace & defense, astronomy, industrial, medical, IT & telecommunications, and others substantiate the regional market growth.
Passive Optical LAN Market - Competitive Landscape
Highly competitive, the passive optical LAN market appears fragmented due to the presence of several well-established players. To gain a larger competitive share, mergers & acquisitions, collaboration, expansion, and innovation remain key trends of industry players. Players make substantial investments in developing innovative technologies and upgrade their product portfolio.
Major Players:
Players leading the global passive optical LAN market include Huawei Technologies Co. Ltd. (China), Ericsson Inc. (Sweden), Alcatel Lucent SA (France), TE Connectivity Ltd. (Switzerland), ADTRAN Inc. (US), ZTE Corporation (China), Verizon Communications Inc. (US), 3M Company (US), Tellabs Inc. (US), and Zhone Technologies Inc. (US), among others.
Industry/ Innovation/ Related News:
April 05, 2021 ---- R&M launched its latest data center and LAN cabling solutions PRIME ODF, Polaris, Netscale, and Passive Optical LAN (POLAN) product ranges at the prestigious CABLEXX 2021, held in Egypt.
The company is set to demonstrate its leadership across all three areas of structured cabling, data centers, public networks, and LAN. Its latest generation of solutions includes industry-leading features such as high-density, modularity, customizability and ease of installation.
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