The Europe Passive Optical Network Market would witness market growth of 12.8% CAGR during the forecast period (2023-2030).
The adoption of PON technology is closely linked to the rollout of fiber-optic networks. Many countries invest heavily in deploying fiber-to-the-home (FTTH) and fiber-to-the-premises (FTTP) networks as they recognize the long-term benefits of high capacity, low latency, and reliable connectivity. PON technology is at the forefront of this expansion, providing the last-mile connectivity required for homes, businesses, and institutions. Another key driver for the adoption of PON technology is its energy efficiency. PON systems are inherently passive, meaning they do not require active electronic components to transmit data. This results in significant energy savings, making PON networks an environmentally friendly and cost-effective option.
PON technology is vital in delivering high-speed Internet to homes and residential complexes. FTTH and FTTP deployments using PON technology enable users to enjoy seamless streaming, online gaming, and ultra-fast downloads, all of which have become essential aspects of modern living. Businesses increasingly rely on PON technology to meet their communication and connectivity needs. PON enables the delivery of high-capacity, low-latency data services, supporting critical applications like cloud computing, video conferencing, and data storage. These applications are essential for productivity and competitiveness in the business world.
As per the Eurostat data, in 2021, the European Commission set a 2030 target of achieving gigabit connectivity in all EU households and 5G coverage for all populated areas. Considerable progress has been made in rolling out fixed, very high-capacity network (VHCN) connections across the EU. In 2021, Malta recorded high-speed internet coverage for all households (100%), followed by Luxembourg (96%), Denmark (95%) and Spain (94%). In contrast, fixed high-speed internet connections were the least widespread in Greece (20%), Cyprus (41%) and Italy (44%). Therefore, rising internet connections across Europe will boost the expansion of the regional market.
The Germany market dominated the Europe Passive Optical Network Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,737.5 Million by 2030. The UK market is exhibiting a CAGR of 11.8% during (2023 - 2030). Additionally, The France market would experience a CAGR of 13.7% during (2023 - 2030).
Based on Application, the market is segmented into FTTX, and Mobile Backhaul. Based on Component, the market is segmented into Optical Line Terminal (OLT), Optical Network Terminal (ONT), and Optical Distribution Network (ODN). Based on Type, the market is segmented into EPON, GPON, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Passive Optical Network Market will Hit $31.1 Billion by 2030, at a CAGR of 13.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Adtran, Inc., Calix, Inc., Ciena Corporation, Cisco Systems, Inc, Huawei Technologies Co., Ltd. (Huawei investment & Holding Co., Ltd.), Infinera Corporation, Nokia Corporation, TP-Link Corporation Limited, ZTE Corporation and Ericsson AB
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