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 Coherent Market Insights 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 Coherent Market Insights’ 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 Optical Components Market on the basis of components, application and region. On the basis of components, the global Passive Optical 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 Optical 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 Optical Components Market is segmented into North America, Europe, Asia-Pacific, and Rest of the World.
Key features of the study:
Detailed Segmentation:
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