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The global Passive Optical Component Market Size is expected to reach a value of $44.9 billion by 2022, rising at a CAGR of 19.6% during the forecast period.
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 are used majorly in fiber-to-the-home (FTTH) networks for leveraging the optical signals, multide-multiplexing, and in optical surveillance systems to generate video signals. Passive optical components do not have the need to convert electrical-to-optical or optical-to-electrical conversions during operations. These components include simple optical connectors and fixed optical attenuators, and additionally, more complicated, electronically controlled, optical devices such as switches and variable optical attenuators.
The market for passive optical components is driven due to significant growth in IP traffic, increased FTTH requirements, demand for scalability in mobile network, advancement in GPON SoC technologies and better return on investment and low cost of ownership. Nevertheless, complicated process of managing failure of passive optical networks (PON) and limited range of network device connection are some of the major factors that would limit the market growth. Some of the opportunities that would drive the market are growing demand for higher and broadband bandwidth and shift towards high capacity optical networks.
Based on the type, the Passive Optical Component market is segmented into Wavelength division multiplexersde-multiplexers, Patch cords & Pigtails, Optical Amplifiers, Optical Connectors, Optical Couplers, Optical Encoders, Optical Transceivers, Optical Cables, Optical Power Splitters, Fixed & Variable Optical Attenuators, Optical Filters, Optical Circulators, and Other Passive Optical. The Applications highlighted in this report include Synchronous Digital Hierarchy (SDH) Systems, Synchronous Optical Network (SONET), Interoffice, Fiber in the Loop (FITL), Loop Feeder, and Hybrid Fiber-Coaxial Cable (HFC).
Based on region, Passive Optical Component market is segmented into North America (US, Canada, Mexico and Rest of North America), Europe (Germany, UK, France, Russia, Spain, Italy and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Singapore, Taiwan and Rest of Asia-Pacific) and Latin America, and Middle East & Africa. Asia-Pacific remained the dominant region in the global Passive Optical Component market in 2015. North America would witness promising CAGR during the forecast period (2016-2022). The report covers the analysis of key stake holders of the Passive Optical Component market.
Key companies profiled in the report include Motorola Solutions Inc., Tellabs Inc., Adtran Inc., Calix, Inc., Nokia Corporation, ZTE Corp, Huawei Technologies Comp. Ltd., and NXP Semiconductors N.V.