The new report by Expert Market Research titled, ‘Global Optical Network Terminal (ONT) Equipment Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global optical network terminal (ONT) equipment market, assessing the market based on its segments like types, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
- Forecast CAGR (2022-2027): 5.4%
The market for optical network terminal (ONT) is being aided by the growing deployment of fibre optics in telecommunication infrastructure. The rising demand for efficient transfer and transmission of a huge amount of data in the telecommunications industry is increasing the use of optical network terminal (ONT) equipment, hence augmenting the market growth. Moreover, the increasing demand for reliable and fast internet connectivity owing to the extensive use of connected devices in the healthcare industry is significantly contributing to the growth of the optical network terminal (ONT) industry. As the installation costs of gigabit passive optical network (GPON) are surging, the market for optical network terminal (ONT) is witnessing robust growth.
Industry Definition and Major Segments
Optical network terminal (ONT) equipment is a device that converts optical signals to electric signals and vice-versa. It communicates with the fibre to enhance the reliability of network speed. It increases the cost-effectiveness and efficiency of optical fibres. Optical network terminal (ONT) equipment is increasingly deployed in various industries like oil and gas, healthcare, and mining, among others.
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The market, based on types, is divided into:
- Single Router
- Multi Router
Based on applications, the market is classified into:
- Oil and Gas
- Submarine
- Transportation
- Mining
- Healthcare
- Energy
- Others
The regional markets of optical network terminal (ONT) equipment are:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Market Trends
The growth of the optical network terminal (ONT) equipment is being propelled by the increasing deployment of optical fibres by governments, which, in turn, is increasing the demand for efficient optical network terminal (ONT). With the low maintenance, installation, and operation costs of optical network terminal (ONT) equipment, they are increasingly deployed in residential and small-sized enterprises, thereby augmenting the market growth. In addition, the development of innovative optical network terminal (ONT) equipment that can offer enhanced reliability, cost-effectiveness, and high bandwidths, among others, is expected to significantly contribute to the growth of the market in the forecast period.
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Key Market Players
The major players in the market are ADVA Optical Networking, Alcatel-Lucent, Ciena, Cisco, Coriant, Fujitsu, and Huawei, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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