Transparency Market Research has published a new report on the global passive optical components market. As per the report, the global passive optical components market is expected to expand at a 21.10% CAGR during the period between 2014 and 2020. The report, titled ‘Passive Optical Components Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2020,’ states that the market is expected to progress from US$10.01 bn in 2013 to US$38.2 bn by 2020 due to factors such as the growth of energy-efficient network solutions and accelerating bandwidth requirements.
Passive components are the base of optical network systems. The majority of passive components are now in use in FTTH applications and data networks. Some of the commonly used passive components are optical cables, optical couplers, optical connectors, optical amplifiers, optical power splitters, optical encoders, patch cords and pigtails, optical circulators, optical transceivers, and fixed and variable attenuators. Leading players in the global passive optical components market are focusing on designing and developing customized and innovative solutions that fulfill international standards and meet the constantly increasing demand for passive optical networks (PON).
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The global passive optical components market is segmented on the basis of geography, application, and component. By component, the global passive optical components market is classified into optical cables, optical power splitters, optical encoders, optical connections, and optical transceivers. In 2013, the multiplexers/de-multiplexers wavelength segment accounted for 12.73% of the global passive optical components market. Considering the growing demand for internet communication bandwidth, the optical attenuators segment and optical amplifiers segment are expected to expand at a 21.80% CAGR and 22.0% CAGR, respectively, from 2014 to 2020.
Based on geography, the global passive optical components market is divided into Asia Pacific, Europe, North America, and Rest of the World. Currently, the global passive optical components market is led by Asia Pacific, followed by Rest of the World. Over the past few years, Asia Pacific and Rest of the World have been witnessing rapid economic growth. This has led to increased investments in networking technologies and communication infrastructure. Some of the leading players in the global passive optical components market are Alliance Fiber Optic Products Inc., Qualcomm Atheros, JDSU, and OPTOKON.
Interoffice, loop feeder, fiber in the loop (FITL), hybrid fiber-coaxial cable (HFC), synchronous digital hierarchy (SDH) systems, and synchronous optical network (SONET) are some of the applications of passive optical components. SDH and SONET segments have the capacity to transfer multiple digital data streams across various light-emitting diodes or optical fiber employing lasers. Due to these benefits of SDH and SONET, these application segments collectively dominated the global passive optical components market in 2013. The SDH segment is expected to expand at a 22.70% CAGR from 2014 to 2020 and the SONET segment is predicted to expand at a 22.80% CAGR from 2014 to 2020.