Global Passive Optical LAN Market growing at a CAGR of 24.5% from 2023 to 2030
Category : Semiconductor And Electronics | Published Date : Jul 2023
Key Market Overview
The passive optical LAN market is poised for strong expansion and is projected to reach USD 249.7 Billion by 2030. The market was sized at USD 43.6 Billion in 2022 and is predicted to grow at a compound annual growth rate of 24.5% during the period 2023-2030.
The report highlights the increasing adoption of passive optical LANs for providing the required bandwidth capacity to support high-speed connections in data centers. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the passive optical LAN market.
Global Passive Optical LAN Market By Overview
Consegic Business Intelligence provided an inclusive research report on the passive optical LAN market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends. Ethernet passive optical network (EPON) is anticipated to witness the fastest CAGR during the forecast period. The growth of the market is endorsed by the ability of EPON to offer symmetrical bandwidth, providing equal upstream and downstream speeds. The symmetrical nature is particularly advantageous for applications that require symmetric data transfer namely video conferencing, cloud services, and real-time data sharing, thus contributing considerably in propelling the market growth.
Get Free SampleMarket Dynamics
Driver:
- Increasing demand for high bandwidth from the IT sector is driving the growth of the Passive Optical LAN (POLAN) market.
- Improved longevity and energy-efficient capabilities of optic fiber cables in comparison to copper cables are accelerating the market growth.
- The ability of optic fiber cables to transmit large volumes of data over long distances without experiencing signal loss is promoting market growth.
Restraints:
- High initial manufacturing cost associated with passive optical LANs is restraining the market growth.
- High fragility of fiber optics cables as compared to copper cables is hampering the market growth.
Market Segmentation:
| Report Attributes | Report Details |
| By Component | Coupler, Encoders, Optical Cables, Connector, Amplifiers, Receivers, Power Splitter, and Others |
| By Type | GPON, EPON, and Others |
| By Application | Synchronous Optical Network, Loop Feeder, Fiber in the Loop, Hybrid fiber-coaxial Network, Synchronous Digital Hierarchy System, and Others |
| By End-User | BFSI, Manufacturing, Healthcare, Government, and Education |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The landscape for passive optical LAN market is highly competitive with major players including ZTE Corporation, TP-Link Corporation Limited, Telefonaktiebolaget LM Ericsson, and Nokia Corporation that have a strong market position in current market circumstances. The market players compete for a firm market position through mergers and acquisitions, product innovations, and business strategies. Thus, evolving research and developments in the passive optical LAN market are expected to help market players adopt innovative ways product creation to cater to the growing needs of various end-use industries.
- ZTE Corporation
- TP-Link Corporation Limited.
- Telefonaktiebolaget LM Ericsson
- Nokia Corporation
- Infinera Corporation
- Huawei Investment & Holding Co., Ltd.
- CISCO SYSTEMS, INC.
- Ciena Corporation
- Calix Inc.
- ADTRAN Inc.