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SE_171924
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Pages: 124
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Mar 2017 | 3310 Views
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Author(s) :
Komal Sharma
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Tables: 132
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Charts: 15
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Global passive optical component market was valued at $14.6 billion in 2015 and is expected to reach $45.6 billion by 2022, growing at a CAGR of 17.6% from 2016 to 2022. Optical components such as optical cables, optical power splitters, optical couplers, optical encoders, and optical connectors are the major components of optical network system. Passive optical components also use fiber-to-the-home (FTTH) networks for branching of optical signals, multi/de-multiplexing, and for optical surveillance systems of video signals. Passive optical components do not require electrical-to-optical or optical-to-electrical conversion during its operation. These components not only include simple optical connectors and fixed optical attenuators, but also more complicated, electronically controlled, optical devices such as switches and variable optical attenuators.
Some of the major drivers for this market growth are high growth in IP traffic, increased FTTH requirements, demand for scalability in mobile network, advancement in Gigabit Passive Optical Networks (GPON) SoC technologies, high return on investment, and low cost of ownership. However, difficulty in managing failure of passive optical networks (PON) and less range of network devices connection are restraining the growth of this market.
Market Segmentation
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The passive optical components market is segmented into geography, component, and application. Components segment includes 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, WDM/WDDM, and others. By application this market is segmented into interoffice, loop feeder, FITL, HFC, SONET, and SDH.
The geographical segment is divided into North America Europe, Asia‐Pacific, and LAMEA. Some of the major key players are Alcatel-Lucent S.A., ZTE Corp., Motorola Solutions Inc., Huawei Technologies Comp. Ltd., Tellabs Inc., Adtran Inc., Freescale Semiconductor Inc., Calix Inc., Mitsubishi Electric Corporation, and Ericsson Inc.
Top Winning Strategies
The key players present in the passive optical segment adopt various strategies to stay competitive in the market. Some of the key growth strategies adopted by these players include product launch, partnership & collaboration, business expansion, acquisition, and R&D. Acquisition & merger is one of the prime strategies adopted by key players in the market. It helps the company to expand their market reach and offer innovative products to their customers. For instance, in 2015, Motorola Solutions acquired Airwave for £817.50 million (approximately $1.20 billion) to provide Great Britain with innovative emergency services technology that enhances public safety today and is expected to do so in the future.
Top Impacting Factors
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The significant impacting factor includes increase in demand for passive optic network and smart phones, tablets, and other electronic devices. Along with this factor, an enhanced efficiency of passive optical components and users’ shift toward high capacity optical networks also majorly impacting the passive optical component network. The above-mentioned factors are collectively creating opportunities for the market growth, while factors such as difficulty in managing failure in mobile network communication and less network connection range poses limitations in the market. However, each factor is anticipated to have its definite impact on the market during the forecast period.
Top Investment Pockets
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At present, SDH and SONET segments have witnessed large-scale adoption of passive optical components. This segment has high rate of adoption in the passive optical components market due to increase in demand for internet and passive optical networks. Interoffice are other popular segments in the global passive optical component market. The rapid growth of passive optical component in these applications is expected in subsequent years due to rise in demand for low cost high capacity network. These applications have the potential to generate high returns due to expected rise in adoption of passive optical network.
Potential Benefits for Stakeholders
The global passive optical market is segmented based on application, component type, and geography.
Key Players
Passive optical components include, optical cables, optical couplers, optical connectors, and optical power splitter among others. The passive optical network is categorized into two types in terms of its structure namely gigabit passive optical network (GPON) and Ethernet passive optical network (EPON). Passive optical components include not only simple optical connectors and fixed optical attenuators, but also include more complicated, electronically controlled, optical devices like such as switches and variable optical attenuators.
Passive optical components are majorly used in optical communication networks. The increased use of mobile phones, tablets, connected appliances, and other smart machines are driving the demand for connectivity. Furthermore, due to increase in penetration of internet, there is an increase in the demand for faster bandwidth. GPON and EPON network offers the internet service in which IP traffic plays important role as users ask for higher bandwidth and passive optical components is providing the higher bandwidth.
Fixed and variable attenuators contributed a moderate share in market revenue in 2015; however, it is anticipated to be one of the fastest growing segments. Growth in fiber optic network deployments, continuous advancement in fiber optic technology, and increase in adoption of fiber optic sensors are the growth factors of optical fixed and variable optical attenuators market, which will also create the opportunities for the market growth.
Synchronous Digital Hierarchy (SDH) contributes the largest share in the application segment of the passive optical components market and it is also expected to be one of the fastest growing segment during the next few years. Few of the several factors that is driving the traction of SDH segment in the passive optical component market include scalability, higher line rate, and wave division multiplexing.
The market growth in Asia-Pacific is on a continuous rise owing to the increase in number of vehicles and the presence of countries such as China, Taiwan, and Japan that contribute a large share in electronics market.
Key players such as Alcatel-Lucent S.A., ZTE Corp., Motorola Solutions Inc., Huawei Technologies Comp. Ltd., and Tellabs Inc. are engaged in the process of product innovation, collaboration, and acquisition to further expand their services across various geographies.
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