What is the Global Passive Optical LAN Market Size?
The Global Passive Optical LAN (POL) Market is expected to grow at a CAGR of approximately XX% during the forecast period to cross USD XX billion by 2023. Passive optical LAN is the new advancement in the telecommunication network that replaces the traditional cables, switches and routers. It generally consists of optical line terminal (OLT), an optical splitter, and optical network terminals (ONTs) to carry voice.
Factors Driving the Growth of Global Passive Optical LAN Market:
The optical splitter splits downstream signals and combines upstream signals to and from the connected devices on a single fiber. Since the optical network terminals can assist multiple devices, Passive Optical LANs require less cable and resources for the installation, to support the network. Using these POL solutions will improve the cost and energy efficiency, increases security, and reduces the need for telecommunication rooms, along with the simple installation and maintenance. It is nature friendly compared to the copper-based ethernet LANs.
There are multiple factors driving the growth of the global passive optical LAN market. Some of the important among those are increasing investments in the research and development of telecom industries, growing technical advances, the rise in the need for cost-efficient alternatives in the network management, increasing demand for high-speed internet, mounting number of smart devices, the requirement for high bandwidth servers and others. On the contrary, the lack of awareness among small and medium enterprises is the main limiting determinant of the market.
Based on the regional distribution, the Asia Pacific accounted for the largest portion of the market share, contributing around 36% to the total market revenue. The increasing demand for passive optical LAN, growing penetration of smart devices, and improving technological innovations are expected to support the market dominance of the Asia Pacific region in the future.
Some of the Leading Companies in the Global Passive Optical LAN Market:
The major companies contributing to the global passive optical LAN market are Huawei Technologies, ZTE Corporation, Alcatel-Lucent, Zhone, Tellabs, Cisco, and CommScope. Of these companies, Alcatel-Lucent, Huawei Technologies, and ZTE Corporation accounted for almost 76% of the global revenue.
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