Optical Line Terminal Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026
Optical line terminal (OLT) is a device that works as a service provider endpoint of a passive optical network (PON). Optical line terminal mainly performs conversion between different signals i.e. electrical and fiber optic passive component signals generated from various systems. Further, it provides coordination between multiplexing and conversions devices on the network. Optical line terminals also perform functions such as downstream frame processing, wavelength division multiplexing, upstream frame processing, and control signal generation.
Service providers such as telecom vendors and local Internet integrators are using Gigabit passive optical network (GPON) OLT and Ethernet passive optical network (EPON) OLT devices for offering application services to users or customers. With the use of passive optical splitters, OLT serves multiple end-point users without the loss of information. The optical line terminal offers increased transmission speeds and wider bandwidth with reliable and secure network operation between the end-points of terminals. Optical line terminal shares a single platform, enabling smooth evolution and supporting ultra-bandwidth access and IPv4/IPv6 dual-stack.
The global optical line terminal market is primarily driven by the adoption of advanced and mature technologies in telecommunication networks. Additionally, rise in demand for reliable and secure network operation is expected to boost the demand for optical line terminals across the world. Moreover, growing need for better transmission capability and higher bandwidth of telecommunication network in the form of optical signals is further accelerating the demand for optical line terminals worldwide. Currently, the demand for a durable chip is anticipated to boost the demand for optical line terminals around the globe.
Furthermore, optical line terminals have environment-friendly and energy-efficient designs that augment their demand. Additionally, stabilized prices and economic growth of regions are further expected to drive the growth of the market in the near future. However, high initial cost of components for operators is anticipated to restrain the growth of the optical line terminal market during the forecast period.
The global optical line terminal market can be segmented based on component, type, application, end-use, and region. Based on component, the market can be split into optical power splitters, optical filters, and wavelength division multiplexers/de-multiplexes. Based on type, the global optical line terminal market can be categorized into GPON OLT and EPON OLT. In terms of application, the optical line terminal market can be classified into Internet access, TV, voice call/VoIP, camera monitoring, and others. Based on end-use, the global optical line terminal market can be divided into banking, financial services and insurance (BFSI); IT & telecom; health care; government; and others (manufacturing).
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