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Global Passive Optical Network Equipment Market Forecast to Grow at 21.1% CAGR

Reviewed

Aug 5 2014

According to a new market report published by Transparency Market Research "Passive Optical Components Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020,"global passive optical network equipment market was valued at USD 10.01 billion in 2013, growing at a CAGR of 21.1% from 2014 to 2020 to account for USD 38.19 billion in 2020.

Browse the full Global Passive Optical Components Market Report at http://www.transparencymarketresearch.com/passive-optical-components-market.html

Accelerating bandwidth requirements across the Asia Pacific and Rest of the World regions coupled with the growth of Passive Optical Networks (PON) in the Asia Pacific region are propelling the passive optical components market. Furthermore, usage of passive optical components to obtain energy efficient network solutions are gaining popularity and thus driving the passive optical components market. In addition, high investments in research infrastructure and in the field of fiber optic technology globally are also bolstering the growth of passive optical components market. These factors are thus expected to reinforce the passive optical components market in the years to come.

The wavelength division multiplexers/de-multiplexers leads the components market share in the year 2013. Furthermore, patch cords and pigtails trailed the wavelength division multiplexers/de-multiplexers in the year 2013 by accounting for 12.73% of the global market share. Their market is driven by the emergence of ultra-high-capacity optical networks, wherein these components are primarily used. The optical amplifiers and optical attenuators market were analyzed to grow at a CAGR of 22.0% and 21.8%, respectively, owing to the insatiable demand for communication bandwidth of the internet and growth in fiberoptic technologies at an unprecedented pace.

The SONET and SDH application segments lead the global passive optical components applications market share in the year 2013, owing to their ability to transfer multiple digital bit streams over optical fiber using light-emitting diodes or lasers. SONET equipment is generally used in North America whereas SDH equipment is generally accepted everywhere else in the world. Thus, the SONET and SDH applications segments are expected to grow at a CAGR of 22.8% and 22.7%, respectively, and are expected to continue their dominance over the forecast period of 2014 to 2020.

The rising growth in networking technologies in the Asia-Pacific and Rest of the World regions coupled with rising fiber deployments as well as increased investments in technological advancements and research infrastructure across both the regions is propelling the passive optical components market growth. Hence, the dominance of Asia-Pacific in the passive optical components market is expected to continue over the forecast period, followed by North America and Europe.

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The report provides company market share analysis of various industry participants. Key players have also been profiled on the basis of company overview, financial overview, business strategies, SWOT analysis, and recent developments in the field of passive optical components. Major market participants profiled in this report include Alliance Fiber Optic Products Inc., OPTOKON, Qualcomm Atheros, and JDSU among others.

Passive optical components market: By components