Transparency
Market Research (TMR), a U.S. based market research and analysis firm
recently published a market study on the global passive optical
components market. According to the research report titled “Passive
Optical Components Market - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast, 2014 - 2020”, the global passive
optical components market will expand at a remarkable 21.1% CAGR from
2014 to 2020.
If
the figure holds true, the overall valuation of the market will be
US$38.19 billion in 2020 increasing from US$10.01 billion in 2013.The
TMR study states that the escalating demand for broadband bandwidth
across the Asia Pacific and Rest of the World (RoW)together with the
expansion of
Passive Optical Networks (PON) in Asia Pacific are the major
factors propelling the global passive optical components market.
Additionally,
amplified investments in research infrastructure and technological
advancement and the increasing fiber optic deployment across Asia
Pacific and RoW is bolstering the demand for passive optical
components. Passive components constitute the foundation of optical
network systems and find widespread usage in FTTH, fiber in the loop
(FITL), synchronous optical network (SONET), synchronous digital
hierarchy (SDH), hybrid fiber-coaxial cable (HFC), loop feeder, and
interoffice applications. Additionally, demand for energy efficient
networks that employs passive optical components is gaining
popularity thus significantly contributing to the growth of the
market, as noted in the TMR study.
According
to the research report findings, the multiplexers/de-multiplexers
wavelength division dominated the components segment of the market in
2013. The segment was trailed by patch cords and pigtails in 2013.
Being largely driven by the emergence of ultra-high-capacity optical
networks, this segment accounted for 12.73% of the market in the same
year.Owing to the unfathomably rising demand for internet
communication bandwidth and development in fiberoptic technologies at
an unparalleled pace, the optical amplifiers and optical attenuators
segment is projected to grow at 22.0% and 21.8% CAGR respectively.
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SONET
and SDH application segments have the ability to transfer multiple
digital bit data streams across optical fiber employing lasers or
light-emitting diodes. Owing to the benefits SONET and SDH
application segments offer, the segments collectively accounted for
the largest market share in 2013. SONET equipment find high
deployment in North America whereas SDH equipment has acceptance in
other parts of the world. According to the report, the SONET and SDH
applications segments will grow at 22.8% and 22.7% CAGR respectively
and will continue to lead the market between 2014 and 2020.
Geographically,
Asia Pacific and Rest of the World is expected to continue its
dominance in the global passive optical components market, followed
by North America and Europe. Rapid economic growth witnessed by Asia
Pacific and Rest of the World which led to increased investments in
communication infrastructure, rise in the development of networking
technologies and deployment of newer fiber optic systems will
contribute significantly to the growth of the passive optical
components market in the major economies located in this regions.
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