Market Dynamics- Restraints
Many end users are increasingly preferring wireless broadband, which is posing a major challenge for the market. Since mobile technology is developing rapidly, the use of smartphones and tablets is increasing at the same pace. 4G LTE networks provide high-speed Internet connectivity, which is beneficial for mobile users. As a result of this, service providers are more inclined towards advanced LTE. Thus, these factors are expected to hinder the global passive optical components market growth in the near future.
Since optical fiber cables have a limited bend radius of around 30mm, bending beyond the limit can lead to data loss up to some extent. Data carried by the cables can be hacked from leaked signals. Though bending optical cables is difficult, it can be done, as they are not totally tamper-proof. This leakage is known as bend loss, which is the loss of signal strength which could compromise the integrity of data transmitted. Hence, these factors are expected to hamper growth of the global passive optical components market during the forecast period.
Market Opportunities
There are PON technologies used namely NG-PON and XG-PON with upstream and downstream speed. NG-PON and XG-PON are expected to contribute to the evolutionary growth of the existing passive optical networks. Furthermore, XG-PON will co-exist with the current fiber structure of PON, which means deployment of the new advanced technology will not incur additional costs.
Passive optical networks (PON) offer benefits such as high-scalability, reliability, ease of use, energy savings, environmental sustainability, optimized bandwidth connectivity, advanced security, and lowest total cost of ownership. PON offers multiple benefits and this is increasing its popularity. PONs can accommodate the rising demand for bandwidth with additional benefits. Rising demand for bandwidth and high data rates are fuelling growth of PON in the European region.
Passive Optical Component Market Report Snapshots
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