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The global passive optical network market size grew from $16.88 billion in 2022 to $20.63 billion in 2023 at a compound annual growth rate (CAGR) of 22.2%.
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Passive Optical Network Global Market Report 2023 Market Size, Trends and Global Forecast 2023-2032
Passive Optical Network Segments The Business Research Company segments it’s Passive Optical Network report as: By Component Optical Power Splitters, Optical Filters, Wavelength Division Multiplexer/De-Multiplexe Ethernet Passive Optical Networks (EPON), Optical Network Terminal (ONT), Optical Line Terminal (OLT), Gigabit Passive Optical Network (GPON), Optical Network Terminal (ONT), Optical Line Terminal (OLT) By Structure By Application Residential Service (FTTH), Business Service (Other FTTx), Mobile Backhaul
Market Statistics The global Passive Optical Network size is expected to grow from $5.97 billion in 2022 to $6.73 billion in 2023 at a compound annual growth rate (CAGR) of 12.8%. The global Passive Optical Network size is expected to grow to $10.68 billion in 2027 at a CAGR of 12.2%. Click Here To Get A Sample Report
Key Market Drivers And Trends • Drivers Increasing penetration of telecom and internet services is driving the growth of the passive optical network market. • Region North America was the largest region in the passive optical network market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the passive optical network market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Key Market Players • Major players in the Passive Optical Network are: • Sumitomo Electric Networks Inc. • Verizon Communications Inc. • Tellabs Inc. • Freescale Semiconductor Inc. • Hitachi Ltd. • And more. Get More Information On The Passive Optical Network Report
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