Product ID: SQMIG45D2089
Passive Optical LAN Market Size, Share, Growth Analysis, By Component(Optical Power Splitter, Optical Filters), By Application(Loop feeder, Interoffice), By End User(Manufacturing, Education) - Industry Forecast 2024-2031
Report ID:
SQMIG45D2089 |
Region:
Global |
Published Date: April, 2024
Pages:
189
|
Tables:
95 |
Figures:
75
Passive Optical LAN Market Insights
Global Passive Optical LAN Market size was valued at USD 10.1 billion in 2022 and is poised to grow from USD 12.66 billion in 2023 to USD 76.89 billion by 2031, growing at a CAGR of 25.3% in the forecast period (2024-2031).
Transfer of data or information via an optical network using passive components to reduce energy usage is known as passive optical LAN network. Rapid adoption of novel digital transformation initiatives and growing demand for high-speed internet around the world are projected to bolster the demand for passive optical LAN across the forecast period. High investments in new network infrastructure development around the world are slated to create new opportunities for passive optical LAN market players over the coming years. Efforts of companies around the world to opt for all-fiber networks are also slated to boost sales of passive optical LAN components across the forecast period and beyond. However, high costs of deployment and dearth of skilled technicians are estimated to impede passive optical LAN market growth prospects in the long run.
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