Global Passive Optical Components Market was valued USD XX Bn in 2019 and is expected to reach US$
86.88 Bn by 2026, at CAGR of XX% during forecast period of 2019 to 2026.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders,
followers, and disrupters. Since lock down was implemented differently in different regions and
countries, impact of same is also different by regions and segments. The report has covered the current
short term and long term impact on the market, same will help decision makers to prepare the outline
for short term and long term strategies for companies by region.
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Global Passive Optical Components Market Drivers and Restrains:
Passive components are the foundation stone of the optical network system. The increased transmission
capability of the telecommunication system in the form of optical signal is a major driving factor for
adoption of this technology. Components like optical cables, optical power splitters, optical couplers,
optical encoders, and optical connectors are the major components of optical network system. Passive
optical components also use in current data network, fiber-to-the-home (FTTH) networks for branching
of optical signals, multi/de-multiplexing, and for optical surveillance systems of video signals.
Passive optical components do not require conversion of signals such as electrical-to-optical or optical-
to-electrical during its operation. High growth in IP traffic, increased FTTH requirements, demand for
scalability in mobile network, advancement in GPON SoC technologies and high return on investment
and low cost of ownership, such factor are drive the market growth. Risk of cyber threats, Difficulty in
managing failure of passive optical networks (PON) and less range of network devices connection that
may restraining the market growth at global level. The growing demand for higher and broadband
bandwidth and shift towards high capac