Passive Optical Components Market — Grow at a CAGR of 22.0% and 21.8%

Additionally, amplified investments in research infrastructure and technological advancement and the increasing fiber optic deployment across Asia Pacific and RoW is bolstering the demand for passive optical components.  Passive components constitute the foundation of optical network systems and find widespread usage in FTTH, fiber in the loop (FITL), synchronous optical network (SONET), synchronous digital hierarchy (SDH), hybrid fiber-coaxial cable (HFC), loop feeder, and interoffice applications.
Additionally, demand for energy efficient networks that employs passive optical components is gaining popularity thus significantly contributing to the growth of the market, as noted in the TMR study.
According to the research report findings, the multiplexers/de-multiplexers wavelength division dominated the components segment of the market in 2013. The segment was trailed by patch cords and pigtails in 2013. Being largely driven by the emergence of ultra-high-capacity optical networks, this segment accounted for 12.73% of the market in the same year.
Owing to the unfathomably rising demand for internet communication bandwidth and development in fiberoptic technologies at an unparalleled pace, the optical amplifiers and optical attenuators segment is projected to grow at 22.0% and 21.8% CAGR respectively.
SONET and SDH application segments have the ability to transfer multiple digital bit data streams across optical fiber employing lasers or light-emitting diodes. Owing to the benefits SONET and SDH application segments offer, the segments collectively accounted for the largest market share in 2013.
SONET equipment find high deployment in North America whereas SDH equipment has acceptance in other parts of the world. According to the report, the SONET and SDH applications segments will grow at 22.8% and 22.7% CAGR respectively and will continue to lead the market between 2014 and 2020.

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