Worldwide Passive Optical Components Industry to 2028 - Size, Share, Outlook and Opportunity Analysis - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Passive Optical Components Market - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2028" report has been added to ResearchAndMarkets.com's offering.

Passive components are basic components of an optical network system. Passive components are widely used in fiber-to-the-home networks for leveraging the optical signals to generate video signals. Passive components are used in a loop feeder, a synchronous optical network (SONET), hybrid fiber-coaxial cable (HFC), interoffice, the fiber in the loop (FITL), and synchronous digital hierarchy (SDH) systems.

Market Dynamics

Rising number of connected devices, increasing adoption of cloud-based services and expanding consumer and commercial IoT applications are the major factor driving the market growth during the forecast period. Moreover, growth in IP traffic, increased FTTP requirements, increasing requirement of bandwidth and demand of scalability in mobile network is also fuelling the market growth. Moreover, according to analysis, the global data volume of consumer internet protocol (IP) increased 211 in 2020 from 166 in 2019 exabytes per month.

There is a huge demand for higher bandwidth in the market. Many IT professionals have admitted the increased demand for higher bandwidth. This is attributed to increasing number of subscribers that bring in more devices connected to networks. According to analysis, The African region is expected to witness the highest demand for bandwidth by accounting for over 50% CAGR over the forecast period. The bandwidth demand in the Asian market is expected to rise at a CAGR of over 30%. Therefore, these factors expected to drive growth of the global passive optical components market during the forecast period.

Market Taxonomy

This report segments the global passive components market on the basis of components, application and region. On the basis of components, the global passive components market is segmented into on 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. On the basis of application the global passive components market is segmented into Interoffice, Loop feeder, Fiber In The Loop (FITL), Hybrid Fiber-Coaxial Cable (HFC), Synchronous Optical Network (SONET), Synchronous Digital Hierarchy (SDH) systems. On the basis of region, the global passive components market is segmented into North America, Europe, Asia-Pacific, and Rest of the World.

Key features of the study:

• This report provides an in-depth analysis of the global passive components market and provides market size (US$ billion) and compound annual growth rate (CAGR %) for the forecast period (2021-2028), considering 2020 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
• It profiles leading players in the global passive components market based on the following parameters - regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered in the global passive components market are Adtran, Inc., Hitachi Communication Technologies America Inc., Alcatel-Lucent, Freescale Semiconductor, Inc., Alliance Fiber Optic Products, Inc., Freescale Semiconductor, Inc., AT & T Inc., Ericsson, Inc., Broadcom Corporation, Inc., ECI Telecom, Ltd., Calix, Inc., and Cortina Systems, Inc.
• The market players are focusing on strategic collaborations to innovate and launch new products to meet the increasing needs and requirements of consumers.
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
• The global passive components market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global passive components market.

Companies Mentioned

• Adtran, Inc.
• Hitachi Communication Technologies America Inc.
• Alcatel-Lucent
• Freescale Semiconductor, Inc.
• Alliance Fiber Optic Products, Inc.
• Freescale Semiconductor, Inc.
• AT & T Inc.
• Ericsson, Inc.
• Broadcom Corporation, Inc.
• ECI Telecom, Ltd.
• Calix, Inc.
• Cortina Systems, Inc.

For more information about this report visit https://www.researchandmarkets.com/r/n1aqh9