Passive Optical Network Market

Passive Optical Network Market Outlook (2022 to 2032)

The global passive optical network market size is likely to be valued at USD 20,872.2 Million in 2022 and is expected to reach USD 79,199 Million in 2032. The demand for passive optical networks (PON) is anticipated to grow at a CAGR of 14.3% during the forecast period. The factors attributed to the rising demand include:

• The global passive network (PON) equipment market is anticipated to develop throughout the projected period due to the rising need for green network solutions.
• Solutions for passive optical local area networks (POL) are more eco-friendly than those for traditional Ethernet local area networks built on copper.
• Workgroup switches are no longer used in POL. Instead, optical splitters are used. Since it eliminates the use of thousands of KW of energy and serves as a more economical choice, it conforms with HVAC regulations.
• Additionally, rack mount switches are not necessary, which decreases the need for non-renewable electrical equipment and lowers power consumption.
• One fiber of one kind of optic is used in a passive optical network (PON) to connect to the WGT.

Attributes	Details
Passive Optical Network Market Value (2022)	USD 20,872.2 Million
Passive Optical Network Market Forecast Value (2032)	USD 79,199 Million
Passive Optical Network Market CAGR (2022 to 2032)	14.3%

Why 2022 to 2032 is anticipated to be a Golden Period for Passive Optical Network Market Players?

The expansion of the passive optical network market is being driven by the increasing penetration of telecom and internet services. The market will be driven by the increased demand for bandwidth as well as the rising use of telecom and internet services. As data-intensive applications like video on demand, videoconferencing, and Voice over Internet Protocol (VoIP) gain popularity, there is likely to be an increase in the need for Ethernet Passive Optical Network (EPON) technology.

According to the IAMAI-Kantar ICUBE 2020, the number of active Internet users in India is expected to climb from 622 million in 2020 to 900 million by 2025, a 45% increase over the next five years. As a result, as telecom and internet services become more widely used, so will the demand for passive optical networks.

Companies Grabbing Opportunities in Passive Optical Network Market

The demand for passive optical networks is rising as more people use cloud-based services and high-speed internet. The deployment of the passive optical network is accelerated by technologies utilizing optical splitters. The network service providers and internet service providers want to be ready to manage massive data traffic through the network and satisfy the needs of every individual user since they perceive an opportunity as a result of the exponential growth in demand.

The demand for passive optical networks is rising as a result of improvements in gigabit passive optical network (GPON) SoC technology. Sales of passive optical networks are driven by the development and implementation of fiber-to-the-home (FTTH) networks all over the world. Passive optical network utilization is accelerating as a result of new technologies' demand for high bandwidth applications. The minimal energy consumption when in use emphasizes the need for passive optical networks.

Since it is a point-to-multipoint system, a PON can transport data more effectively. The infrastructure needed for this form of design is drastically reduced since the main transmission line may be divided up into several little independent lines. All PONs employs unpowered splitters and optical cables, however, there are several variations.

Key Dynamics of the Passive Optical Network Market

Growth Drivers of the Passive Optical Network Market:

During the anticipated period, the global passive optical network (PON) equipment market is anticipated to grow at a rapid rate due to the low cost of ownership and good return on investment. Due to the low cost of equipment installation, passive optical networks (PON) significantly reduce the total cost of ownership (TCO).

Additionally, highly efficient machinery may deliver substantial returns on investments. With PON, a passive distribution network with a high degree of centralization is used to accomplish this low cost of ownership. Due to reductions in both capital and operational expenses, PON also saves a substantial amount on the total cost of ownership. The riser closets and workgroup switches accounted for the majority of capital investment in the conventional network.

Challenges Overpowering the Market Growth

• The expansion of the passive optical network market is hampered by data bandwidth that is not disclosed to users due to transmission speed slowing down under high usage.
• Sales of passive optical networks are hindered by operational difficulties and expensive installation costs at the operator's interface.
• Passive optical network adoption is hampered by the existence of replacement or alternative technologies like XGS-PON. The demand for passive optical networks is hampered by the rising cost burden associated with the use of fiber optics.
• The expansion of the passive optical network industry is constrained by the NG-PON2 upcoming technology's faster speed through fiber optics.

Opportunities in the Passive Optical Network Market

• Passive optical network market share is driven by the production of large amounts of data traffic as a result of rising consumer numbers.
• Demand for passive optical networks is increasing due to prevailing requirements for significant corporate activities.
• Sales of passive optical networks are driven by developments in the consumer electronics and automotive industries.
• The demand for passive optical networks is increasing as more IT professionals conduct research and development.
• The expansion of the passive optical network market is fueled by the hunt for metals that are both efficient and reasonably priced for collecting and transmitting electrical and digital signals over long distances.

Heightened Budget Allocation in Europe for Passive Optical Networks to Propel the Regional Market Development

The Europe passive optical network (PON) market is rising due to the heightened budget allocated by the European Union (E.U.) to extend the coverage of passive optical networks in the region. The current requirements for access networks are not limited to transferring data streams from/to the internet. The popularity of Netflix, Amazon T.V., and other OTT platforms has increased the demand for bandwidth. Additionally, the advent of interactive gaming and video-on-demand has surged the deployment of broadband infrastructures. The passive optical network (PON), owing to its large bandwidth, is currently being perceived as the proper technology to enable this. PON technology is being adopted extensively and employed in various areas across the globe, thus enhancing the passive optical network market size in Europe.

In 2022, Europe held a revenue share of 23.2%, making it a potential market share for passive optical technology. Governmental support and involvement as a financial partner contribute to the expansion of the global market. Global market share increases due to the development of strong ecosystems of industry players, goods, and services, as well as interesting knowledge of PON advantages in this area.

In May 2021, Proximus, a leading Belgian operator, partnered with Nokia, a comms tech provider, to launch the first-ever PON live network, which connects the Havenhuis building in Antwerp and Proximus central office. The new deployment is in line with the inspiring 2022 vision of Proximus to boost its position as the leading fixed broadband network provider in Belgium.

USA Passive Optical Network Market Outlook

With a revenue share of 34.5%, the USA is rapidly catching up to become the market leader for passive optical networks. The region's expanding need for higher bandwidth applications fuels the market's expansion. The demand for passive optical networks is being further supported by growing awareness of environmentally friendly network solutions. The growth of fiber city initiatives in this area fuels the demand for passive optical networks. The need for effective bandwidth from an increasing number of social media influencers further suggests that the worldwide industry is likely to expand.

Further, the USA passive optical network market is expected to be driven by the leading advancements of optical network services by the key players present in the country. In addition to this, federal I.T. managers have begun gravitating towards a passive optical network (PON) as an effective substitute for copper-based Ethernet, thus boosting the demand for PON services. The market is further being propelled by strong optical network setups and growing demand for energy conservation. Additionally, factors such as USA telecom deployment plans, the increasing number of cable operators, and Google Fibre's expansion are also predicted to bolster the passive optical network market demand over the forecast period.

The various passive optical network disadvantages, such as difficulty detecting a failure, data transfer rate slow down due to increased distance between splitters and end-users, and bandwidth issues with individual users, may hinder the market growth in the coming years.

Growing Demand for Future-Centric Services to Boost the Demand for Passive Optical Network in Japan

The Japan passive optical network (PON) market size is anticipated to witness healthy growth over the forecast period owing to rising government initiatives in the region. The demand for the passive optical network (PON) is further expected to strengthen over the stipulated time period owing to robustly rising online traffic and extensive futuristic services, such as 5G and beyond mobile communication applications and services, such as high-definition video, Internet of things, artificial intelligence, and big-data analysis.

Further, the flexibility and capability afforded by passive optical network (PON) technology to carry higher bandwidths is predicted to enhance the market growth of passive optical networks (PON) in the coming years. The development of a passive optical network (PON) for a high split ratio, 50G and 100G data rate, and extended reach is also anticipated to maneuver the market growth.

• In October 2022, DZS unveiled the launch of the DZS Saber-4400 modular, compact, and coherent edge transport and optical metro platform designed for cost-effective and convenient delivery of fiber-based services.

South Korea is Witnessing Rising Demand to Upgrade Pre-Existing Networks to Passive Optical Network

The South Korean passive optical network (PON) market is expected to flourish over the predicted time frame due to the commercialization of WDM-PON aimed at providing 100 Mbits to each home for future video-centric services. Additionally, the ongoing research and development to enhance the PON services are also predicted to invigorate the passive optical network (PON) market in the region. The demand for PON is further being propelled by the growing requirement to upgrade pre-existing networks to PON/ passive optical networks for greater broadband width and the rising number of connected devices both in and out of residential homes, thus supporting the South Korean passive optical network (PON) market growth.

China and India to Witness High Growth, Asia Pacific to Lead the Passive Optical Network Market

With a market share of 40%, China holds the top spot in the Asia Pacific market for passive optical networks. The market for passive optical networks is expanding as wireless to wired optical communication transitions are starting in China. Research and development, investments, and rising internet usage all support demand for passive optical network fuels, which further forecasts market expansion.

The availability of optical fiber cable (OFC) connection from state and district capitals to block-level in India promotes the use of passive optical networks in this area. This region's technological innovations and improvements in systems administration support the expansion of the worldwide passive optical network market.

USA Passive Optical Network Market Outlook

With a revenue share of 34.5%, the USA is rapidly catching up to become the market leader for passive optical networks. The region's expanding need for higher bandwidth applications fuels the market's expansion. The demand for passive optical networks is being further supported by growing awareness of environmentally friendly network solutions. The growth of fiber city initiatives in this area fuels the demand for passive optical networks. The need for effective bandwidth from an increasing number of social media influencers further suggests that the worldwide industry is likely to expand.

Germany to Lead European Passive Optical Network Market

In 2022, Europe holds a revenue share of 23.2%, making it a potential market share for passive optical technology. Governmental support and involvement as a financial partner contribute to the expansion of the global market. Global market share increases due to the development of strong ecosystems of industry players, goods, and services as well as interesting knowledge of PON advantages in this area.

Start-ups Utilizing Old Techniques to Conquer New Trends in Passive Optical Network Market

Using existing technology, startups can avoid costly modifications to satisfy client requests. To guarantee that future client needs are contained within the same technology family, service providers observe technological evolution in addition to its durability. Better advances on that front are inspired by the capability of sharing the same connection across several users without any active components.

Among startups, CableLabs and Embedded are two that are utilizing conventional methods to encourage cutting-edge variants. Several additional startups, such as Capgemini Engineering, Fujitsu Network Communications, Mavenir Systems Inc., Radisys Corporation, Signal System Management, etc., are making headway in the passive optical network market share.

Companies to Follow Latest Trends to Capture Large Share of Passive Optical Network Market

The passive optical network market players are concentrating on technical developments to increase the networks' speed and effectiveness. Businesses are switching from the 2.5Gbit/s and 1.25Gbit/s data rates of the gigabit ethernet passive optical network (GPON) to the maximum 10Gbit/s symmetric speeds of XGS-PON and other technologies like Next-Generation Passive Optical Network 2 and 25 Gigabit Symmetrical Passive Optical Network. Due to the widespread use of smart grids, e-government services, and cloud computing, the market trends for passive optical networks are on the upswing.

Key players in the Passive Optical Network Market are

• ZTE Corporation
• Nokia
• Calix
• FUJITSU
• Mitsubishi Electric Corporation
• NXP Semiconductors
• ADTRAN Inc.
• Huawei Technologies Co. Ltd.
• Extralink
• TP-Link Technologies Co. Ltd.
• Fotech Solutions Ltd.
• Intelligent Fiber Optic Systems Corporation (IFOS)
• OptaSense
• Silixa Ltd
• RJC Enterprises

Recent Developments in the Passive Optical Network Market:

• To bring together optical network operators and top system and component suppliers to promote and expedite the development and implementation of 25GS-PON technology, Nokia launched the 25GS PON MSA Group in 2021.
• Verizon Communications, a USA-based telecom giant, purchased TracFone Wireless, Inc. in 2021 for an unknown sum. With this purchase, Verizon broadens its product offering and gives a new client base access to its wireless network, which is among the best in the business, and a full range of mobility goods and services. An American company called TracFone Wireless, Inc. offers prepaid, no-contract cell phones.
• In October 2019, the announcement of the Start FTTP Broadband Rollout in South West was provided by Jurassic Fiber based in the United Kingdom.
• In April 2020, R&M, AECOM, Anixter, and Belden joined the Association for Passive Optical LAN to further support the continued adoption and education of fiber-based networks.
• In May 2021, an India-based internet service provider company namely AirFiber, launched data services using Gigabit Passive Optical Networking (GPON).
• In August 2021, a USA-based infrastructure provider named CommScope, launched a coexistence portfolio to upgrade their PON networks to increase data speeds and deliver additional services without facing replacing or adding fiber to their existing PON infrastructure.

Report Scope

Report Attribute	Details
Growth Rate	CAGR of 14.3% from 2022 to 2032
The base year for estimation	2021
Historical data	2017 to 2021
Forecast period	2022 to 2032
Quantitative units	Revenue in USD million and CAGR from 2022 to 2032
Report Coverage	Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, trends, and Pricing Analysis.
Segments Covered	Component Structure Region
Regional scope	North America; Western Europe; Eastern Europe; Middle East; Africa; ASEAN; South Asia; Rest of Asia; Australia; and New Zealand
Country scope	USA, Canada, Mexico, Germany, United Kingdom, France, Italy, Spain, Russia, Belgium, Poland, Czech Republic, China, India, Japan, Australia, Brazil, Argentina, Colombia, Saudi Arabia, United Arab Emirates, Iran, South Africa
Key companies profiled	ZTE Corporation; Nokia; Calix; FUJITSU; Mitsubishi Electric Corporation; NXP Semiconductors; ADTRAN Inc.; Huawei Technologies Co. Ltd.; Extralink; TP-Link Technologies Co. Ltd.; Fotech Solutions Ltd.; Intelligent Fiber Optic Systems ; Corporation (IFOS); OptaSense; Silixa Ltd; RJC Enterprises
Customization scope	Free report customization (equivalent to up to 8 analysts' working days) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs.

Table of Content

• 1. Executive Summary | Passive Optical Network Market
• 2. Market Overview
• 3. Market Background
• 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032
• 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Component
  • 5.1. Optical Power Splitters
  • 5.2. Optical Filters
  • 5.3. Wavelength Division Multiplexer/De-multiplexer
• 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Structure
  • 6.1. Ethernet Passive Optical Networks (EPON)
    • 6.1.1. Optical Network Terminal (ONT)
    • 6.1.2. Optical Line Terminal (OLT)
  • 6.2. Gigabit (GPON)
    • 6.2.1. Optical Network Terminal (ONT)
    • 6.2.2. Optical Line Terminal (OLT)
• 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region
  • 7.1. North America
  • 7.2. Latin America
  • 7.3. Europe
  • 7.4. Asia Pacific
  • 7.5. Middle East and Africa
• 8. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
• 9. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
• 10. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
• 11. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
• 12. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
• 13. Key Countries Market Analysis
• 14. Market Structure Analysis
• 15. Competition Analysis
  • 15.1. ZTE Corporation
  • 15.2. Nokia
  • 15.3. Calix
  • 15.4. FUJITSU
  • 15.5. Mitsubishi Electric Corporation
  • 15.6. NXP Semiconductors
  • 15.7. ADTRAN
  • 15.8. Huawei Technologies
  • 15.9. Extralink
  • 15.10. TP-Link Technologies
• 16. Assumptions & Acronyms Used
• 17. Research Methodology

List of Tables

Table 01: Global Market Value (US$ Million) Forecast by Region, 2017 to 2032

Table 02: Global Market Volume (Units) Forecast by Region, 2017 to 2032

Table 03: Global Market Value (US$ Million) Forecast by Component, 2017 to 2032

Table 04: Global Market Volume (Units) Forecast by Component, 2017 to 2032

Table 05: Global Market Value (US$ Million) Forecast by Structure, 2017 to 2032

Table 06: Global Market Volume (Units) Forecast by Structure, 2017 to 2032

Table 07: North America Market Value (US$ Million) Forecast by Country, 2017 to 2032

Table 08: North America Market Volume (Units) Forecast by Country, 2017 to 2032

Table 09: North America Market Value (US$ Million) Forecast by Component, 2017 to 2032

Table 10: North America Market Volume (Units) Forecast by Component, 2017 to 2032

Table 11: North America Market Value (US$ Million) Forecast by Structure, 2017 to 2032

Table 12: North America Market Volume (Units) Forecast by Structure, 2017 to 2032

Table 13: Latin America Market Value (US$ Million) Forecast by Country, 2017 to 2032

Table 14: Latin America Market Volume (Units) Forecast by Country, 2017 to 2032

Table 15: Latin America Market Value (US$ Million) Forecast by Component, 2017 to 2032

Table 16: Latin America Market Volume (Units) Forecast by Component, 2017 to 2032

Table 17: Latin America Market Value (US$ Million) Forecast by Structure, 2017 to 2032

Table 18: Latin America Market Volume (Units) Forecast by Structure, 2017 to 2032

Table 19: Europe Market Value (US$ Million) Forecast by Country, 2017 to 2032

Table 20: Europe Market Volume (Units) Forecast by Country, 2017 to 2032

Table 21: Europe Market Value (US$ Million) Forecast by Component, 2017 to 2032

Table 22: Europe Market Volume (Units) Forecast by Component, 2017 to 2032

Table 23: Europe Market Value (US$ Million) Forecast by Structure, 2017 to 2032

Table 24: Europe Market Volume (Units) Forecast by Structure, 2017 to 2032

Table 25: Asia Pacific Market Value (US$ Million) Forecast by Country, 2017 to 2032

Table 26: Asia Pacific Market Volume (Units) Forecast by Country, 2017 to 2032

Table 27: Asia Pacific Market Value (US$ Million) Forecast by Component, 2017 to 2032

Table 28: Asia Pacific Market Volume (Units) Forecast by Component, 2017 to 2032

Table 29: Asia Pacific Market Value (US$ Million) Forecast by Structure, 2017 to 2032

Table 30: Asia Pacific Market Volume (Units) Forecast by Structure, 2017 to 2032

Table 31: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2017 to 2032

Table 32: Middle East and Africa Market Volume (Units) Forecast by Country, 2017 to 2032

Table 33: Middle East and Africa Market Value (US$ Million) Forecast by Component, 2017 to 2032

Table 34: Middle East and Africa Market Volume (Units) Forecast by Component, 2017 to 2032

Table 35: Middle East and Africa Market Value (US$ Million) Forecast by Structure, 2017 to 2032

Table 36: Middle East and Africa Market Volume (Units) Forecast by Structure, 2017 to 2032

List of Figures

Figure 01: Global Market Value (US$ Million) by Component, 2022 to 2032

Figure 02: Global Market Value (US$ Million) by Structure, 2022 to 2032

Figure 03: Global Market Value (US$ Million) by Region, 2022 to 2032

Figure 04: Global Market Value (US$ Million) Analysis by Region, 2017 to 2032

Figure 05: Global Market Volume (Units) Analysis by Region, 2017 to 2032

Figure 06: Global Market Value Share (%) and BPS Analysis by Region, 2022 to 2032

Figure 07: Global Market Y-o-Y Growth (%) Projections by Region, 2022 to 2032

Figure 08: Global Market Value (US$ Million) Analysis by Component, 2017 to 2032

Figure 09: Global Market Volume (Units) Analysis by Component, 2017 to 2032

Figure 10: Global Market Value Share (%) and BPS Analysis by Component, 2022 to 2032

Figure 11: Global Market Y-o-Y Growth (%) Projections by Component, 2022 to 2032

Figure 12: Global Market Value (US$ Million) Analysis by Structure, 2017 to 2032

Figure 13: Global Market Volume (Units) Analysis by Structure, 2017 to 2032

Figure 14: Global Market Value Share (%) and BPS Analysis by Structure, 2022 to 2032

Figure 15: Global Market Y-o-Y Growth (%) Projections by Structure, 2022 to 2032

Figure 16: Global Market Attractiveness by Component, 2022 to 2032

Figure 17: Global Market Attractiveness by Structure, 2022 to 2032

Figure 18: Global Market Attractiveness by Region, 2022 to 2032

Figure 19: North America Market Value (US$ Million) by Component, 2022 to 2032

Figure 20: North America Market Value (US$ Million) by Structure, 2022 to 2032

Figure 21: North America Market Value (US$ Million) by Country, 2022 to 2032

Figure 22: North America Market Value (US$ Million) Analysis by Country, 2017 to 2032

Figure 23: North America Market Volume (Units) Analysis by Country, 2017 to 2032

Figure 24: North America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032

Figure 25: North America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032

Figure 26: North America Market Value (US$ Million) Analysis by Component, 2017 to 2032

Figure 27: North America Market Volume (Units) Analysis by Component, 2017 to 2032

Figure 28: North America Market Value Share (%) and BPS Analysis by Component, 2022 to 2032

Figure 29: North America Market Y-o-Y Growth (%) Projections by Component, 2022 to 2032

Figure 30: North America Market Value (US$ Million) Analysis by Structure, 2017 to 2032

Figure 31: North America Market Volume (Units) Analysis by Structure, 2017 to 2032

Figure 32: North America Market Value Share (%) and BPS Analysis by Structure, 2022 to 2032

Figure 33: North America Market Y-o-Y Growth (%) Projections by Structure, 2022 to 2032

Figure 34: North America Market Attractiveness by Component, 2022 to 2032

Figure 35: North America Market Attractiveness by Structure, 2022 to 2032

Figure 36: North America Market Attractiveness by Country, 2022 to 2032

Figure 37: Latin America Market Value (US$ Million) by Component, 2022 to 2032

Figure 38: Latin America Market Value (US$ Million) by Structure, 2022 to 2032

Figure 39: Latin America Market Value (US$ Million) by Country, 2022 to 2032

Figure 40: Latin America Market Value (US$ Million) Analysis by Country, 2017 to 2032

Figure 41: Latin America Market Volume (Units) Analysis by Country, 2017 to 2032

Figure 42: Latin America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032

Figure 43: Latin America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032

Figure 44: Latin America Market Value (US$ Million) Analysis by Component, 2017 to 2032

Figure 45: Latin America Market Volume (Units) Analysis by Component, 2017 to 2032

Figure 46: Latin America Market Value Share (%) and BPS Analysis by Component, 2022 to 2032

Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Component, 2022 to 2032

Figure 48: Latin America Market Value (US$ Million) Analysis by Structure, 2017 to 2032

Figure 49: Latin America Market Volume (Units) Analysis by Structure, 2017 to 2032

Figure 50: Latin America Market Value Share (%) and BPS Analysis by Structure, 2022 to 2032

Figure 51: Latin America Market Y-o-Y Growth (%) Projections by Structure, 2022 to 2032

Figure 52: Latin America Market Attractiveness by Component, 2022 to 2032

Figure 53: Latin America Market Attractiveness by Structure, 2022 to 2032

Figure 54: Latin America Market Attractiveness by Country, 2022 to 2032

Figure 55: Europe Market Value (US$ Million) by Component, 2022 to 2032

Figure 56: Europe Market Value (US$ Million) by Structure, 2022 to 2032

Figure 57: Europe Market Value (US$ Million) by Country, 2022 to 2032

Figure 58: Europe Market Value (US$ Million) Analysis by Country, 2017 to 2032

Figure 59: Europe Market Volume (Units) Analysis by Country, 2017 to 2032

Figure 60: Europe Market Value Share (%) and BPS Analysis by Country, 2022 to 2032

Figure 61: Europe Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032

Figure 62: Europe Market Value (US$ Million) Analysis by Component, 2017 to 2032

Figure 63: Europe Market Volume (Units) Analysis by Component, 2017 to 2032

Figure 64: Europe Market Value Share (%) and BPS Analysis by Component, 2022 to 2032

Figure 65: Europe Market Y-o-Y Growth (%) Projections by Component, 2022 to 2032

Figure 66: Europe Market Value (US$ Million) Analysis by Structure, 2017 to 2032

Figure 67: Europe Market Volume (Units) Analysis by Structure, 2017 to 2032

Figure 68: Europe Market Value Share (%) and BPS Analysis by Structure, 2022 to 2032

Figure 69: Europe Market Y-o-Y Growth (%) Projections by Structure, 2022 to 2032

Figure 70: Europe Market Attractiveness by Component, 2022 to 2032

Figure 71: Europe Market Attractiveness by Structure, 2022 to 2032

Figure 72: Europe Market Attractiveness by Country, 2022 to 2032

Figure 73: Asia Pacific Market Value (US$ Million) by Component, 2022 to 2032

Figure 74: Asia Pacific Market Value (US$ Million) by Structure, 2022 to 2032

Figure 75: Asia Pacific Market Value (US$ Million) by Country, 2022 to 2032

Figure 76: Asia Pacific Market Value (US$ Million) Analysis by Country, 2017 to 2032

Figure 77: Asia Pacific Market Volume (Units) Analysis by Country, 2017 to 2032

Figure 78: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2022 to 2032

Figure 79: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032

Figure 80: Asia Pacific Market Value (US$ Million) Analysis by Component, 2017 to 2032

Figure 81: Asia Pacific Market Volume (Units) Analysis by Component, 2017 to 2032

Figure 82: Asia Pacific Market Value Share (%) and BPS Analysis by Component, 2022 to 2032

Figure 83: Asia Pacific Market Y-o-Y Growth (%) Projections by Component, 2022 to 2032

Figure 84: Asia Pacific Market Value (US$ Million) Analysis by Structure, 2017 to 2032

Figure 85: Asia Pacific Market Volume (Units) Analysis by Structure, 2017 to 2032

Figure 86: Asia Pacific Market Value Share (%) and BPS Analysis by Structure, 2022 to 2032

Figure 87: Asia Pacific Market Y-o-Y Growth (%) Projections by Structure, 2022 to 2032

Figure 88: Asia Pacific Market Attractiveness by Component, 2022 to 2032

Figure 89: Asia Pacific Market Attractiveness by Structure, 2022 to 2032

Figure 90: Asia Pacific Market Attractiveness by Country, 2022 to 2032

Figure 91: Middle East and Africa Market Value (US$ Million) by Component, 2022 to 2032

Figure 92: Middle East and Africa Market Value (US$ Million) by Structure, 2022 to 2032

Figure 93: Middle East and Africa Market Value (US$ Million) by Country, 2022 to 2032

Figure 94: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2017 to 2032

Figure 95: Middle East and Africa Market Volume (Units) Analysis by Country, 2017 to 2032

Figure 96: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2022 to 2032

Figure 97: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032

Figure 98: Middle East and Africa Market Value (US$ Million) Analysis by Component, 2017 to 2032

Figure 99: Middle East and Africa Market Volume (Units) Analysis by Component, 2017 to 2032

Figure 100: Middle East and Africa Market Value Share (%) and BPS Analysis by Component, 2022 to 2032

Figure 101: Middle East and Africa Market Y-o-Y Growth (%) Projections by Component, 2022 to 2032

Figure 102: Middle East and Africa Market Value (US$ Million) Analysis by Structure, 2017 to 2032

Figure 103: Middle East and Africa Market Volume (Units) Analysis by Structure, 2017 to 2032

Figure 104: Middle East and Africa Market Value Share (%) and BPS Analysis by Structure, 2022 to 2032

Figure 105: Middle East and Africa Market Y-o-Y Growth (%) Projections by Structure, 2022 to 2032

Figure 106: Middle East and Africa Market Attractiveness by Component, 2022 to 2032

Figure 107: Middle East and Africa Market Attractiveness by Structure, 2022 to 2032

Figure 108: Middle East and Africa Market Attractiveness by Country, 2022 to 2032