The Passive Optical Network Equipment market is estimated to be valued at US$ 22.92 Mn in 2023 and is expected to exhibit a CAGR of 22% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Passive Optical Network (PON) equipment comprises fiber optic transmitters and receivers used for communication in fiber to the home (FTTH), fiber to the building (FTTB), and fiber to the curb (FTTC) networks. It provides higher bandwidth and bi-directional communication using point-to-multipoint fiber topologies. Main PON equipment includes optical line terminals (OLTs), optical network terminals (ONTs), and optical splitters.
Market Dynamics:
PON equipment market is primarily driven by rising demand for higher bandwidth from enterprises and individual consumers. Growing data traffic generated due to increase in video streaming services, online gaming, cloud services etc. is necessitating higher bandwidth networks. According to Cisco, global internet traffic is expected to reach 4.8 zettabytes per year by 2022. The fiber architecture of PON provides gigabit symmetric speeds to cater to this rising bandwidth demand.
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