SAN FRANCISCO, June 1, 2016 /PRNewswire/ -- The global PON equipment market is expected to reach USD 46.46 billion by 2024, according to a new report by Grand View Research, Inc. The high capacity telecommunications network for transmitting information as optical signals is expected to drive the demand. The increased bandwidth and decreased transmission delay between the end-points are anticipated to offer significant opportunities for development.
However, the high installation cost at the operators' interface, owing to the operational cost, is expected to challenge the industry penetration over the next eight years. The industry is consolidated with the on-going R&D investments to obtain competitive advantages, which is projected to result in mergers& acquisitions, and strategic alliances.
Furthermore, the growing demand for a strong optical network setup and energy conservation is anticipated to bolster the growth of the GPON equipment industry. The GPON equipment infrastructure comprises a single optical fiber accessed by multiple users with the help of optical splitters; this is considered to be a cost-effective technology for fiber-to-the-home deployments. The bandwidth intensive applications in the emerging markets offer substantial growth opportunities for the equipment.
The increasing investments from public and private sectors with the exceeding data traffic are expected to be the key drivers. This equipment enables millions of signals to be impressed through the frequency division multiplexing. Additionally, the optimized bandwidth connectivity and high return on investments (ROI) are also expected to contribute to the PON equipment market.
However, the high installation costs at the operator's end would make it difficult to offer services at an affordable price. Furthermore, the operational cost of the.optical network equipment may also hinder growth.
Access full research at: http://www.grandviewresearch.com/industry-analysis/passive-optical-network-pon-equipment-market
- In 2015, GPON equipment captured a revenue share of over 65% of the overall revenue. It is considered as a lucrative segment owing to the increased bandwidth capabilities, including the internet and digital content over a single optic line in the commercial and residential sectors.
- The GPON optical network terminal (ONT) component is projected to grow at a CAGR of over 20% over the forecast period. It is placed at the central office and functions as the LAN combination unit for assimilating video, data, and voice services.
- PON Equipment Structure Outlook (Revenue, USD Million, 2013 - 2024)
- PON Equipment Regional Outlook (Revenue, USD Million, 2013 - 2024)
- North America
- Asia Pacific
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services.
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SOURCE Grand View Research, Inc.