Asia Pacific is as of now indicating extremely lucrative demand for PON structures and gear. The vast majority of this interest increment is ascribed to the fast system usage of China and India. China has assumed a key job in the development of PON hardware players in the ongoing past and is required to keep doing as such for the coming years. A factor that permits China to show a higher PON request than most different nations is the sheer volume of information being moved across systems. The sum just as pace of information traffic in the nation is making numerous clients change from remote systems to wired modes, consequently expanding the utilization of PON gear. India has proposed to fabricate what the nation will call the National Optical Fiber Network. The NOFN is a piece of an arrangement to upgrade the availability between various towns across India. The resultant dim fiber organize is required to altogether improve the country’s network. These developments shall propel the growth of Asia Pacific in global passive optical network equipment market.
- The worldwide interest for PON gear is relied upon to rise rapidly because of the predominance of optics in systems administration. PONs are effectively adaptable, give propelled security, are profoundly dependable for consistency, and help advance the data transfer capacity availability. Moreover, PON gear are anything but difficult to introduce and keep up in contrast with customary systems and furthermore don’t discharge electromagnetic radiation because of their dielectric nature. Owing to these developments the global passive optical network equipment market shall witness a substantial growth in coming years.
- Ecological traditionalists are additionally positive about PON usage due to their eco-accommodating nature, in contrast with ordinary copper-based link systems. PON and its latent neighborhood additionally disposes of the requirement for workgroup switches. These demands shall propel the growth of global passive optical network equipment market from 2015 to 2023.
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Global Passive Optical Network (PON) Equipment Market: Snapshot
The global demand for PON equipment is expected to rise quickly due to the superiority of optics in networking. PONs are easily scalable, provide advanced security, are highly reliable for consistency, and help optimize the bandwidth connectivity. Additionally, PON equipment are easy to install and maintain in comparison to conventional networks and also do not emit electromagnetic radiation due to their dielectric nature.
Environmental conservationists are also positive about PON implementation due to their eco-friendly nature, in comparison to conventional copper-based cable networks. PON and its passive local area network also helps eliminate the need for workgroup switches.
Factors such as these are responsible for the extremely optimistic 20.7% CAGR displayed by PON equipment revenue from 2015 to 2023. This market is expected to be valued at US$163.50 bn by the end of 2023.
High PON Equipment Demand in Asia Pacific Draws Global Players to the Region
Asia Pacific is currently showing a very high demand for PON structures and equipment. Most of this demand increase is attributed to the rapid network implementations of China and India. China has played a key role in the growth of PON equipment players in the recent past and is expected to continue doing so for the coming years. A factor that allows China to show a higher PON demand than most other countries is the sheer volume of data being transferred across networks. The amount as well as rate of data traffic in the country is causing many users to switch from wireless networks to wired modes, thus increasing the consumption of PON equipment.
India has proposed to build what the country will call the National Optical Fiber Network. The NOFN is a part of a plan to enhance the connectivity between different villages across India. The resultant dark fiber network is expected to significantly improve the nation’s connectivity.
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GPON Preferred More While EPON Developments Enable Better Adoption
By the end of 2023, gigabit passive optical networks are expected to hold 70.24% of the market over their counterpart structure, the Ethernet passive optical network. The key reasons for the higher implementation of GPON structure and equipment include the use of GPON encapsulation method, which helps service providers develop efficient subscriber packaging with their frames in segments. GPON also permits a more diverse array of bit rate options. They are, however, largely determined by the industry standards of a regions.
EPON structures, on the other hand, are proliferating at a rapid rate owing to backhaul carriage services that can be offered in 3G and 4G mobile technologies. Technological advancements are also allowing EPON structures to be completely compatible with the current Ethernet standards, which removes the need to modify speeds during connection. However, EPON structures are currently being limited in use due to the large-scale usage of GPON structures.
Key PON equipment providers in the world currently are Huawei Technologies Co., Ltd., ZTE Corporation, Alcatel-Lucent S.A., and Calix, Inc. They own large revenue shares of the market and are collectively creating a highly consolidated market.
Augmented Demand for High Data Traffic and Network Bandwidth to Boost Passive Optical Network Equipment Market
Growth of the global passive optical network equipment market is estimated to be fuelled by increasing network bandwidth and data traffic demand, as well as efficient and eco-friendly transmission solutions. An important factor driving the uptake of this system is the improved transmitting capacity of telecommunication network in the form of optical signals. Higher rate of transmission and broader bandwidth together with stable and safe network operation amongst end-points is likely to provide high growth potential.
The gigabit passive optical network (GPON) has demonstrated to be an excellent solution for meeting the rising bandwidth demands for internet and telecom services. This is likely to work in favor of the global passive optical network equipment market in the near future. With the utilization of passive optical splitters, the GPON architecture enables a single optical fibre to serve numerous end-point users without losing any detail. The GPON is anticipated to expand dramatically in the forthcoming years due to its extensive bandwidth applications for digital and internet transmission.
Rising Demand for Sustainable Alternative to Boost Growth of the Market
As opposed to conventional networks used across the residential and business sectors, passive transmission capabilities make an offering of more sustainable alternatives. The increased popularity of fibre to the home (FTTH) installations by telecom providers as a cost-effective solution is likely to benefit the global passive optical network equipment market in the near future. Over the forecast timeframe, the industry is expected to be powered by demand for wireless access services such as 5G and 4G technologies to compensate for the incredible demand arising from mobile and household internet users.
Frequency division multiplexing has resulted in highly efficient data traffic network technologies, which is likely to draw more private and public investment. The demand for passive optical network equipment is likely to rise due to the high return on investment for network providers. Strict rules prohibiting the construction of equipment and the placement of cables in major regional segments might impede growth of the global passive optical network equipment market in the years to come.
Thriving Telecommunication Industry to Invite Exceptional Growth Opportunities for the Passive Optical Network Equipment Market
The magnifying influence of the telecommunication industry across many regions around the world is a vital growth-generating factor for the global passive optical network equipment market during the forecast period of 2015-2023. The escalating need for heightened transmission speed coupled with reliable and secure network operations will invite profitable growth opportunities for the passive optical network equipment market during the tenure of 2015-2023.
- A passive optical network (PON) is a network used vitally used for simultaneous transmission of signals in both upstream and downstream directions. The advantages attached to these networks will serve as a promising growth opportunity for the passive optical network equipment market during the forecast period.
- The rapid demand for eco-friendly solutions is increasing the need for passive optical network equipment to a considerable extent. A passive optical network is eco-friendly as compared to other solutions. Thus, all these aspects bring considerable growth opportunities for the passive optical network equipment market.
- The escalating initiatives regarding the telecommunication industry are increasing consistently across numerous countries. The government bodies are introducing novel legislations and acts to support the growth of the telecommunication industry. All these factors play a major role in the growth of the passive optical network equipment market.
- The novel coronavirus pandemic has negatively affected the growth of a considerable number of industries and businesses across the world. The closure of manufacturing facilities and production units during the stringent lockdown impositions has led to a decline in the growth of the passive optical network equipment market. The border restrictions added to the woes.
- The relaxations in lockdown restrictions will help in reviving the growth of the passive optical network equipment market substantially. The relief in the border restrictions will enable seamless export and import of the equipment, further bringing phenomenal growth prospects during the assessment period of 2019-2027.