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 growing adoption of internet of things (IoT) and increasing availability of high-speed internet is driving the optical network terminal (ONT) equipment market. The increasing demand for fibre optics in industries such as telecommunication and healthcare are also anticipated to fuel the market growth in the forecast period. Moreover, the increasing demand for broadband connections in the residential sector owing to the rising adoption of internet-enabled consumer electronics, rising disposable income, and rapid urbanisation is likely to cater to the market growth in the forecast period. Geographically, the Asia Pacific region accounts for a significant share in the market due to the greater number of internet consumers in the region.
Industry Definition and Major Segments
Optical network terminal (ONT) equipment is defined as the equipment which provides video, voice, or broadband services to the customer by receiving downstream data from the optical line termination. It is a network interface device, which is installed in the outer wall of a residential or commercial complex and receives the broadband input from the service provider.
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On the basis of type, the market can be bifurcated into:
• Single Router
• Multi Router
The market can be broadly classified based on application into:
• Oil and Gas
• Submarine
• Transportation
• Mining
• Healthcare
• Energy
• Others
The regional markets for optical network terminal (ONT) equipment include:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Market Trends
The key trends in the optical network terminal (ONT) equipment market include the increasing adoption of cloud-based software in the medium and large enterprises, which is anticipated to propel the demand for optical network terminal (ONT) equipment. Meanwhile, the emergence of 5G technology, coupled with the increasing investments in the private broadband connection providers, are likely to provide impetus to the market in the forecast period. Furthermore, the technological advancements in the healthcare, oil and gas, and energy industry, among others, will aid the market growth in the coming years. Therefore, these developments are likely to augment the market growth in the forecast period.
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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