Market Overview
Passive optical LAN can replace traditional methods of cabling by containing multiple levels of routers and switches. It can be used in saving building resources and delivering broadband speeds to end-users. Market Research Future’s (MRFR) report on the passive optical LAN market report uncovers evolution of optical fiber and changing business requirements of corporations. The report focuses on estimations on production and value chain for the market during the forecast period (2020-2027) while assessing the impact of the COVID-19 pandemic.
Market Scope
The global passive optical lan industry size can balloon to USD 50 billion by 2022. It can exhibit a CAGR of 19% over the forecast period. The use of optical splitter for slashing energy bills can drive the demand for the market. Its popularity among small business owners and households can favor the market. Companies are pandering to the demand for sustainable technologies and passive optical LANs fits the bill perfectly.
Increasing reliance on cloud for storage of assets and resources coupled with modernization of data centers can drive the market demand significantly. Rollout of 5G and adoption of internet of things owing to higher bandwidth speeds may fare well for the market. Moreover, the benefit of POL over copper owing to its use in large campuses and being a provider of network services can drive a steady demand over the forecast period.
The COVID-19 pandemic has negatively affected the market owing to restrictions placed on enterprises and organizations. The glut in demand and supply coupled with soaring prices of raw materials can impede the market.
But high installation costs and short range of the technology can hamper market growth.
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Passive Optical LAN Market- Segmentations
The passive optical lan industry 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.
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Competitive Scope
Huawei Technologies Co. Ltd., Tellabs Inc., ZTE Corporation, Verizon Communications Inc., Zhone Technologies Inc., Alcatel Lucent SA, ADTRAN Inc., Ericsson Inc., 3M Company, and TE Connectivity Ltd. are notable players of the global passive optical LAN market.
The market is highly intense and fragmented with key players launching new products to stay relevant amid growing customer demand.
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