PASSIVE OPTICAL COMPONENT MARKET ANALYSIS

Passive Optical Component Market, By Components (Optical cables, Optical power splitters, Optical couplers, Optical encoders, Optical connectors, Patch cords and pigtails, Optical amplifiers, Fixed and variable optical attenuators, Optical transceivers, Optical circulators, Optical filters, Wavelength Division Multiplexers/De-multiplexers Others), By Application (Interoffice, Loop feeder, Fiber In The Loop (FITL), Hybrid Fiber-Coaxial Cable (HFC),Synchronous Optical Network (SONET), Synchronous Digital Hierarchy (SDH) systems), and By Region (North America, Europe, Asia Pacific, and Rest of the World) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2028

Published In : Mar 2021
Code : CMI4416
Pages :130
Formats :
Excel and PDF
Industry : Information and Communication Technology

Passive Optical Component MarketSize and Trends

The global Passive Optical Components Market is estimated to account for US$ 190.1 Bn in terms of value by the end of 2028.

Statistics:

Asia-Pacific held dominant position in the global Passive Optical Components Market in 2020, accounting for 38.6% share in terms of value, followed by North America, Europe and Rest of the World respectively.

Figure 1: Global Passive Optical Components Market Share (%), in terms of Value, By Region, 2020

The global Passive Optical Components Market was valued at US$ 38.1 Bn in 2020 and is forecast to reach a value of US$ 190.1 Bn by 2028 at a CAGR of 19.3% between 2021 and 2028.

Market Trends

Rising investment by market players

Major companies are focused on investments, in order to enhance the market presence. For instance, Adtran, Inc. invested US$ 125.9 million, US$ 100.3 million, and US$ 90.3 billionon research and development activities in 2012, 2011, and 2010. In 2012, Alcatel-Lucent invested US$ 3.3 billion on research and development. Furthermore, in 2013, Alliance Fiber Optic Products, Inc. invested US$ 3.7 billionin R&D.

Research and development activities by market players

Major companies are focused on research and development activities, in order to enhance the product portfolio. In October 2013, Alcatel-Lucent launched EPON solutions, enabling cable operators to focus on growing business market. In December 2013, Alliance Fiber Optic Products, Inc. launched LC Duplex EMI Adapters. In May 2012, Alliance Fiber Optic Products, Inc. launched LC and SC adapters consisting of internal and external shutters.

Figure 2: Global Passive Optical Components Market Value (US$ Bn), 2017 - 2028