IGR Passive Optical LAN Market | Page 2

The report on Passive Optical LAN Market by application (FTIL, HFC, loop feeder, SDHS), component (optical amplifiers, optical cables, optical circulators, optical encoders, optical filters, wavelength division multiplexers and demultiplexers), end user (enterprises and residential) trends analysis and forecasts up to 2023 studies the market sizes, key trends and opportunities in the main geographies such as North America, Europe, Asia- Pacific, Rest of the World. According to the report the Global Passive Optical LAN Market is projected to grow at a CAGR between 21% and 22% in terms of value over the period of 2017-2023. The growth in the world market is primarily driven by significant contribution by North America (Leading region) region to this market. Get a Sample Request https://www.infiniumglobalresearch.com/reports/sample_request/100 Market Insights Alcatel –Lucent SA, Huawei Technologies Co. Ltd and ZTE Corporation are the major players with two thirds of share in the global passive optical LAN market. Huge investments in research and development, entry of more vendors, acquisitions for market consolidation, capacity expansion, promotion of enterprise & residential LAN solutions, and partnerships with telecommunication companies for 4g & next generation services characterizes the global passive optical LAN market. Increasing demand for bandwidth is a major factor that drives the growth of the passive optical LAN market. The factors such as flexibility, scalability, better security features and ability to handle huge number of devices in enterprises with greater bandwidth drives the demand for POL from the corporate sector. Passive optical LAN is ecofriendly as it uses optical splitters and limits the use of non-renewable equipment and it drives the demand for the passive optical LAN worldwide to replace copper based networks. POL networks maintain HVAC standards to reduce power consumption and it is a major driver for the global POL market. Ease of up gradation of POL networks, as it requires only replacement of electronic equipment, while maintaining the existing fiber cables, enhances the demand for POL. Among applications, SDHS and SONET are anticipated to attain major share in POL market, as they are data protocols, which have the ability to expedite steady voice conversation. Wavelength division multiplexers & demultipliers segment accounts for significant share in the