Passive Optical Network Market By Components (Optical Line Terminal, Optical Network Unit, Optical Distribution Network); By Type (ATM Based Passive Optical Network, Wavelength Division Multiplexing Passive Optical Network, Ethernet Passive Optical Network, Gigabyte Passive Optical Network, Broadband Passive Optical Network) - Global Historical Growth (2012-2016) & Future Outlook (2017-2024) Demand Analysis & Opportunity Evaluation
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In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
Passive optical network refers to the telecommunications technology used to provide fiber to the end users, both domestic and commercial. Passive optical network has a feature such as point to multi point that provides unlimited band- for transferring audio, video and information’s. Passive optical network reduces the amount of fiber and central office equipment required compared with point-to-point architectures.
The global passive optical network market is expected to expand at a robust CAGR of 21.3% during the forecast period of 2017-2024. Factor such as, high speed internet access and voice over internet protocol are anticipated to drive the growth of passive optical network market. Further, the cost effectiveness is expected to expand the global passive optical network market over the forecast period.
Globally, North-America is projected to dominate the overall passive optical network market during the forecast period. Increasing higher band applications in the region is expected to positively impact the growth of passive optical network market over the forecast period. Moreover, rising fiber city projects is anticipated significantly for the growth of passive optical network market in North America.
Europe passive optical network market is expected to grow at a poised rate over the upcoming years. Moreover, increasing investments from government is fostering the growth of passive optical network over the forecast period. Moreover, increased establishment of strong optical fiber is anticipated to strengthen the growth of the passive optical network market over the forecast period. Furthermore, rising demand for passive optical network equipment is expected to increase the growth of Europe passive optical network market over the forecast period. Asia Pacific region is expected to observe outstanding growth in the upcoming years. Factors such as, growing demand for better band in major countries like China, Japan and India are anticipated to drive the growth of global passive optical network market over the forecast period.CLICK TO DOWNLOAD FREE SAMPLE
Based on components, passive optical network market is segmented into optical line terminal, optical network unit and optical distribution network. Further, optical network terminal is accounted for the largest market share in overall global passive optical network market over the forecast period.
Our in-depth analysis has segmented global passive optical network market into the following segments:
Global passive optical network market is further classified on the basis of region as follows:
Increase in fiber to the home (FTTH) application response across the globe is anticipated to intensify the growth of the global passive optical network market. In addition, increasing adoption of telecommunication carriers due to fiber to the home (FTTH) is anticipated to positively drive the growth of the passive optical network market over the forecast period.
Apart from this, increasing number of connected devices and addition of the cloud based technologies is anticipated to be the dynamic factor behind the growth of the passive optical network market. Further, factor such as abundant investment over the internet of things (IOT) is anticipated to supplement the growth of the global passive optical network market. Moreover, implementation of optical fiber technology in wide area network (WAN), local area network (LAN) and metropolitan area network (MAN) is likely to further strengthen the growth of the global passive optical network market.
However, high initial share over the passive optical network is some of the key factors which are expected to limit the growth of global passive optical network market over the forecast period.
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