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Passive Optical Network Market 2021 Entry, Expansion, Size, Top Companies, and Business Strategies – Forecasts By 2030

In a recent published report, Kenneth Research has updated the market report for Passive Optical Network Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Passive Optical Network Market products.

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According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019. Additionally, exports of ICT services increased from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017. On the other hand, growing awareness amongst individuals for using the internet is also anticipated to contribute to the market growth. For instance, the total number of individuals using the internet grew from 8% of total population in 2001 to 49% of total population in 2017.

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.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

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Market Size and Forecast

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.

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.

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Key Players

Huawei Technologies Co., Ltd.
Nokia
ZTE Corporation
Calix
Mitsubishi Electric Corporation
NXP Semiconductors
ADTRAN, Inc.
ExtraLink
TP-Link Technologies Co. Ltd.
Scope and Context

Market Segmentation

Our in-depth analysis has segmented global passive optical network market into the following segments:

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
By Applications

Fiber to the Home (FTTH)
Fiber to the Building (FTTB)
Fiber to the Premises (FTTP)
Fiber to the Curb (FTTC)
Mobile Backhaul
By Region

Global passive optical network market is further classified on the basis of region as follows:

North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

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Growth Drivers and Challenges

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.

About Kenneth Research:

Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products’ demand, growth and opportunities for new and existing players.

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James Bullock is a Research Expert with a demonstrated history of working in the professional training & coaching industry. Strong professional skilled in business strategy , Strategic Planning, Research Strategy, and Marketing. also have interest in new innovations and technology

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