New York, United States, Sept. 21, 2022 (GLOBE NEWSWIRE) — According to a comprehensive research report by Market Research Future (MRFR), “Passive Optical LAN Market, By Component, By Type, By Application, By End User – Forecast to 2030”, will reach USD 72.4 billion at a CAGR of 25.30% by 2030.
Passive Optical LAN Market Drivers
The growing need for high-bandwidth applications globally is a major factor driving the global passive optical LAN market. Fiber-to-the-home (FTTH) network deployment and investment has increased due to mainstream market applications including HDTV, VOD, 3D TV, IPTV, gaming, etc.
|Market size by 2030||$72.4 billion|
|CAGR||25.30% From 2022 to 2030|
|Key market opportunities||Increase in sales and sectors that are willing to try these products and services|
|Key Market Drivers||The increased use of technology by companies wishing to “go green,
The growing demand for broadband internet in emerging countries.
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Growing need for environmentally friendly solutions to provide solid opportunities
The growing need for environmentally friendly solutions coupled with reliable, secure and safe operations will provide lucrative opportunities for this market over the assessment period.
Increase in the use of copper cables to hold back the market
The increasing use of copper cables might act as a drag on the market during the forecast period.
Operational challenges to act as a market challenge
Operational challenges, high installation price at the operator interface, and availability of substitute or alternative technologies such as XGS-PON may act as challenges for the market during the forecast period.
Passive Optical LAN Market Segmentation
The global passive optical LAN market is divided based on end user, application, type and component.
By component, the passive optical LAN market is segmented into connectors, power splitters, couplers and optical cables.
By Type, the passive optical LAN market is segmented into EPON and GPON.
By Application, the Passive Optical LAN market is segmented into Synchronous Optical Network and Loop Powered.
By end-user, healthcare will dominate the market over the forecast period.
Browse the in-depth market research report (100 pages) at Passive Optical LAN Market:
Over a year ago, COVID-19 made its global debut. Governments around the world struggled to stop the spread of the virus by minimizing human contact as much as possible, as it was a potentially dangerous disease. They achieved this by requiring the use of masks, contactless delivery, remote working and social isolation. Additionally, governments have instituted indefinite lockdowns and short-term quarantines. The passive optical LAN market was badly damaged, albeit momentarily. Finding resources and raw materials for their goods and services has become more difficult for companies in the passive optical LAN industry due to lockdowns and quarantines. Their overall production costs increased accordingly. These companies were forced to increase their prices in order to cover the additional cost. But the overall market and industry outlook looks promising.
Passive Optical LAN Market Regional Analysis
APAC leads the passive optical LAN market
Of all the regions, Asia-Pacific holds the largest market share for passive optical LANs. Especially in India and China, the two Asian superpowers, fiber optic needs are enormous. Particularly in India, the demand for digital and mobile gadgets has grown exponentially. Data traffic increases rapidly as a result. The demand is also heavily influenced by the Indian government. It is making significant investments in LAN across India to improve both the country’s infrastructure and Internet connectivity. he Asia-Pacific region will capture the largest share of the passive optical LAN (POL) market owing to the increased demand for passive optical networks in developing countries like China and India. Rising bandwidth demand is one of the major drivers that will propel the global passive optical LAN (POL) market over the forecast period. Systems using passive optical LAN (POL) are more reliable, durable and energy efficient. The development of system administration in Asia-Pacific, the expansion of fiber optic networks, the growing popularity of inventive advancements and the scope of exploration globally are some of the factors influencing the growth of the market in the Asia-Pacific region. The two main passive optical LAN industries are consumer electronics and the automotive (POL) industry. Due to their speed, efficiency, cost-effectiveness, durability and scalability, these solutions are attracting worldwide interest. The passive optical LAN (POL) market is expected to be dominated by the Asia-Pacific region, driven by the growing demand for passive optical networks in developing countries like China and India.
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The global passive optical LAN is expected to be driven by an increase in the need for additional bandwidth during the forecast period. The technologies are superior to Active Optical LAN (AOL) systems in terms of power efficiency, reliability and longevity. Some of the variables influencing the growth of the Asia-Pacific market include technological development, system administration growth in the region, fiber optic network expansion, growing popularity of innovative advancements and exploration frameworks global. Most consumer electronics and automotive industries use Passive Optical LAN (POL).
North America to See Significant Growth in Passive Optical LAN Market
The size of the passive optical LAN market is second only to Asia. The POL industry is seeing significant investments from several companies, which is the cause. The energy-saving solutions offered by alternative and green energies are appealing to a growing number of people. More and more products using passive optical LAN technology are becoming more and more in demand. Moreover, they want to make sure that their Internet connections are completely secure because cybercrime in America is a major and growing threat. With a revenue share of 34.5%, North America is rapidly becoming the market leader in passive optical networks. The growing need in the region for high bandwidth applications is fueling the expansion of the market. The demand for passive optical networks is further supported by a growing awareness of environmentally friendly network solutions. The growth of fiber city initiatives in this area is what is fueling the demand for passive optical networks. The demand for effective bandwidth from a growing number of social media influencers further suggests that the global industry would grow.
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Passive Optical LAN Market Key Players
Key players profiled in the global Passive Optical LAN market report include,
- Huawei Technologies Co.Ltd. (China)
- Ericsson Inc. (Sweden)
- Alcatel-Lucent SA (France)
- TE Connectivity Ltd. (Swiss)
- ADTRAN Inc. (USA)
- ZTE Corporation (China)
- Verizon Communications Inc. (USA)
- 3M Company (USA)
- Tellabs Inc. (USA)
- Zhone Technologies Inc. (USA)
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