Market Research Report Search Engine Added "Passive Optical Components Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020" to its database.
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Passive optical components market size, worldwide strategy and forecasts by 2020
1. Passive Optical Components Market Size, Worldwide Strategy
and Forecasts by 2020
Report Description
Global passive optical components market was valued at USD
10.01 billion in 2013, growing at a CAGR of 21.1% from
2014 to 2020. Passive components are the foundation stone of
2. optical network systems. Most of these components such as
optical cables, optical power splitters, optical couplers,
optical encoders, optical connectors, patch cords and pigtails,
optical amplifiers, fixed and variable attenuators, optical
transceivers, optical circulators, optical filters, wavelength
division multiplexers/de-multiplexers and others can now be
found in use in the current data networks and FTTH
applications. In addition, these components are also widely
used in applications such as interoffice, fiber in the loop
(FITL), loop feeder, synchronous optical network (SONET),
hybrid fiber-coaxial cable (HFC) and synchronous digital
hierarchy (SDH) systems. The key players in this market are
continually focusing on designing, developing and
manufacturing of innovative and customized solutions that
3. comply with international standards and meet the ever
increasing demands of passive optical networks (PON) for the
highest optical and mechanical specifications.
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The wavelength division multiplexers/de-multiplexers leads
the components market share in the year 2013. Furthermore,
patch cords and pigtails trailed the wavelength division
multiplexers/de-multiplexers in the year 2013 by accounting
for 12.73% of the global market share. Their market is driven
by the emergence of ultra-high-capacity optical networks,
wherein these components are primarily used. The optical
4. amplifiers and optical attenuators market were analyzed to
grow at a CAGR of 22.0% and 21.8%, respectively, owing to
the insatiable demand for communication bandwidth of the
internet and growth in fiberoptic technologies at an
unprecedented pace.
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The SONET and SDH application segments lead the global
passive optical components applications market share in the
year 2013, owing to their ability to transfer multiple digital
bit streams over optical fiber using light-emitting diodes or
lasers. SONET equipment is generally used in North America
5. whereas SDH equipment is generally accepted everywhere else
in the world. Thus, the SONET and SDH applications
segments are expected to grow at a CAGR of 22.8% and
22.7%, respectively, and are expected to continue their
dominance over the forecast period of 2014 to 2020.
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The rising growth in networking technologies in the Asia-
Pacific and Rest of the World regions coupled with rising
fiber deployments as well as increased investments in
technological advancements and research infrastructure across
both the regions is propelling the passive optical components
6. market growth. Hence, the dominance of Asia-Pacific in the
passive optical components market is expected to continue
over the forecast period, followed by North America and
Europe.
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