Passive Optical Network Market Updates

Passive Optical Network Market size was valued at USD 16.88 Billion in 2023 and is poised to grow from USD 20.63 Billion in 2024 to USD 97.34 Billion by 2032, growing at a CAGR of 22.2% during the forecast period (2025-2032).

Key vendors in  Passive Optical Network Market are: 'Mitsubishi Electric Corp., Tellabs Inc., Hitachi Ltd., Verizon Communications Inc., Freescale Semiconductor Inc., and Sumitomo Electric Networks Inc. 'Huawei Technologies Co. Ltd. ', 'Nokia Corporation ', 'ZTE Corporation ', 'FiberHome Technologies Group ', 'Calix, Inc. ', 'ADTRAN, Inc. ', 'Mitsubishi Electric Corporation ', 'Ciena Corporation ', 'Fujitsu Ltd. ', 'Cisco Systems, Inc. ', 'NEC Corporation ', 'Hitachi, Ltd. ', 'Ericsson AB ', 'Broadcom Inc. ', 'Corning Incorporated ', 'Sumitomo Electric Industries, Ltd. ', 'Adtran, Inc. ', 'DASAN Networks, Inc. ' 

In comparison to other traditional networks, the growing awareness of global warming has resulted in an increased demand for eco-friendly solutions worldwide. Furthermore, rising demand for safe, secure, and reliable operation, as well as increased digitization, are expected to drive passive optical network market demand.

The increased demand for FTTH (Fiber to The Home) and FTTB (Fiber to The Business) networks, among others, as a result of global digitization, is expected to be one of the key factors driving market growth. The increase in government initiatives to promote digital evolution, as well as the availability of funding for conducting research and development to improve performance and expand applications of passive optical networks, is driving market growth.

In 2021, North America is expected to dominate the passive optical network market. The market is driven by increasing higher bandwidth applications, expanding fibre city projects, and a growing emphasis on eco-friendly network solutions. Asia-Pacific is the fastest growing passive optical network market in terms of revenue, owing to a growing emphasis on cost-effective network solutions, increased fibre-to-the-premises (FTTP) deployment, and a continued focus on digital transformations in government and public sectors.