
North America and Europe passive optical network equipment market operate at an average of 12 percent to 18 percent of their digital potential. The GPON and EPON (Ethernet passive optical network) segments are projected to have provide opportunities in the forecast period owing to the unevenly increasing digitization of the global economies. Intensive data services such as Voice over Internet Protocol (VoIP), video on demand and video conferencing are projected to leverage growth. By structure, the global passive optical network equipment market is segmented into GPON and EPON. The former segment is expected to expand at a higher CAGR till 2024 due to the key telecom players transitioning to GPON based FTTH rollouts from FTTB. The industry can be diversified based on the components into optical cables, power splitters, filters and wavelength division multiplexers & demultiplexers.