New York, US, 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 25.30% CAGR by 2030.
Passive Optical LAN Market Drivers
The growing need for high bandwidth applications around the world is a major factor driving the worldwide passive optical LAN market. Fiber to the home (FTTH) network deployment and investment have expanded due to consumer market applications including HDTV, video on demand, 3-D TV, IPTV, gaming, etc.
Report Scope:
| Report Metrics | Details |
| Market Size by 2030 | USD 72.4 Billion |
| CAGR | 25.30% From 2022 to 2030 |
| Key Market Opportunities | Increase in sales and the sectors that are willing to try these products and services |
| Key Market Drivers | Increased usage of technologies by companies that are interested in 'going green, The growing demand for the high-speed internet in the emerging countries. |
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Opportunities
Increasing Need for Eco-friendly Solutions to offer Robust Opportunities
The increasing need for eco-friendly solutions coupled with reliable, secure and safe operations will offer lucrative opportunities for this market in the assessment period.
Restraints
Increasing Use of Copper Cables to act as Market Restraint
The increasing use of copper cables may act as a market restraint over the forecast period.
Challenges
Operational Challenges to act as Market Challenge
Operational challenges, high installation price at operators interface, and availability of substitute or alternative technologies such as XGS-PON may act as market challenges over the forecast period.
Passive Optical LAN Market Segmentation
The global passive optical LAN market is bifurcated based on end user, application, type, and component.
By component, the passive optical LAN market is segmented into connector, power splitter, coupler, 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 feeder.
By end user, healthcare will lead the market over the forecast period.
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COVID-19 Analysis
More than a year ago, COVID-19 made its global debut. Governments all across the world worked to stop the virus' spread by minimizing human contact to the greatest extent feasible because it was a potentially dangerous disease. They achieved this by requiring the use of masks, contactless delivery, remote work, and social isolation. Additionally, governments instituted indefinite lockdowns and short-term quarantines. The market for passive optical LANs has been badly damaged, albeit only momentarily. Finding the resources and raw materials for their goods and services has become more difficult for businesses in the passive optical LAN sector as a result of the lockdowns and quarantines. Their overall production costs have increased as a result. These businesses were compelled to raise their prices in order to cover the additional cost. But the market and industry's overall prospects appear promising.
Passive Optical LAN Market Regional Analysis
APAC to Head Passive Optical LAN Market
Of all the regions, the Asia-Pacific region holds the biggest market share for passive optical local area networks. Particularly in India and China, the two Asian superpowers, there is a huge need for optical fiber. Particularly in India, the demand for digital and mobile gadgets has grown exponentially. Data traffic is rising quickly as a result. The demand is also significantly influenced by the Indian government. It is making significant investments in LAN across India in order to enhance both the country's infrastructure and Internet connectivity. he Asia Pacific region will grab the highest proportion of the passive optical LAN (POL) market due to the increased demand for passive optical networks in developing nations like China and India. A major driver that will propel the worldwide passive optical LAN (POL) market during the forecast period is the rise in bandwidth demand. Systems using passive optical LAN (POL) are more dependable, long-lasting, and energy-efficient. The development of systems administration in Asia Pacific, the expansion of fiber optic networks, the rise in popularity of inventive headways, and exploration framework globally are some of the factors influencing the market growth in the Asia Pacific region. The two main industries for passive optical LAN are the consumer electronics and the automotive industry (POL). As a result of their rapidity, effectiveness, cost-effectiveness, sustainability, and scalability, these solutions are attracting interest on a global scale. The market for passive optical LANs (POLs) is expected to be dominated by the Asia Pacific region, thanks to rising demand for passive optical networks in developing nations like China and India.
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The global passive optical LAN is anticipated to be driven by an increase in the need for extra bandwidth during the anticipated time frame. Technologies are superior than active optical LAN (AOL) systems in terms of energy efficiency, dependability, and longevity. Some of the variables influencing market growth in Asia Pacific include technological development, systems administration growth in the region, fiber optic network expansion, the rise in popularity of innovative headways, and global exploration frameworks. Most consumer electronics and automotive industries employ passive optical LAN (POL).
North America to Have Significant Growth in Passive Optical LAN Market
The market size for passive optical LANs is second only to Asia. The POL industry is seeing significant investments from several businesses, which is the cause. The energy-saving solutions that alternative and green energy offer are enthralling an increasing number of people. More goods utilizing passive optical LAN technology are becoming demanded. Additionally, they want to ensure that their Internet connections are totally safe because cybercrime in America is a major and expanding threat. With a revenue share of 34.5%, North America is quickly becoming the market leader for passive optical networks. The region's expanding need for higher bandwidth applications fuels the market's expansion. The demand for passive optical networks is being further supported by growing awareness of environmentally friendly network solutions. The growth of fiber city initiatives in this area is what fuels the demand for passive optical networks. The demand for effective bandwidth from an increasing number of social media influencers further suggests that the global industry would expand.
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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. (Switzerland)
- ADTRAN Inc. (U.S.)
- ZTE Corporation (China)
- Verizon Communications Inc. (U.S.)
- 3M Company (US)
- Tellabs Inc. (US)
- Zhone Technologies Inc. (US)
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