Passive Optical Network Equipment Market size to grow at over 20% CAGR from 2016 to 2023

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Passive Optical Network (PON) Equipment Market
size is to grow at 20 CAGR to reach over USD 40
billion in 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Regional Analysis of Passive Optical Network
Equipment Market

• North America and Europe passive optical network
  equipment market operate at an average of 12
  percent to 18 percent of their digital potential.
  The GPON and EPON (Ethernet passive optical
  network) segments are projected to have provide
  opportunities in the forecast period owing to the
  unevenly increasing digitization of the global
  economies.
• Asia Pacific PON equipment market share is
  projected to provide attractive growth
  opportunities owing to its steadily developing
  economies and increasing digitization in the
  regions. Increasing penetration of internet and
  infrastructural RD investments in countries such
  as Japan, China and India, is expected to drive
  regional demand. The growth of the industry is
  backed up by the increasing demands of
  digitization in Europe and North America in the
  forecast timeframe.

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• Application Analysis of Passive Optical Network
  Equipment Market
• The passive transmission capabilities provide
  more environment friendly solutions as compared
  to the traditional networks used in the
  commercial and residential sectors. The growing
  change of telecom providers to fiber to the home
  (FTTH) deployments due to its optimized cost
  solution will favorably impact passive optical
  network equipment market. The demand for wireless
  access services such as 4G and 5G technology to
  compensate for the rising number of household and
  mobile internet users is also projected to drive
  the industry over the forecast period.
• Intensive data services such as Voice over
  Internet Protocol (VoIP), video on demand and
  video conferencing are projected to leverage
  growth. By structure, the global passive optical
  network equipment market is segmented into GPON
  and EPON. The former segment is expected to
  expand at a higher CAGR till 2024 due to the key
  telecom players transitioning to GPON based FTTH
  rollouts from FTTB. The industry can be
  diversified based on the components into optical
  cables, power splitters, filters and wavelength
  division multiplexers demultiplexers.

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Competitive Market Share of Passive Optical
Network Equipment Market

• Key participants in the industry include
  Alcatel-Lucent, Adtran, Huawei Technologies Co.,
  Ericson, Motorola Solutions, ZTE Corp.,
  Mitsubishi Electric Corp. and Calix. Strategic
  business alliances, mergers acquisitions are
  likely to fuel the development of new
  technologies and products till 2024.
• The need for rising participants consolidated
  industry growth will result in huge investments
  in the RD space.

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