North America Passive Optical Network (PON) Market Outlook 2031

The North America passive optical network (PON) market is likely to grow at a CAGR of 18.7% over the forecast period. Market generated a revenue of around USD 4,500 Million at the end of 2021 and is likely to produce revenue worth of nearly USD 29,000 Million by the end of 2031. The factors such as, increased usage of cloud computing and rise in number of IoT connected devices is driving the market growth. Additionally, growing digitization followed by rise in count of internet users is expected to boost the market growth.

The North America passive optical network (PON) market is segmented application into FTTx and Mobile Backhaul. FTTx segment is anticipated to garner the highest revenue by the end of 2031. It is expected to grow at a CAGR of 19.8% over the forecast period.

On the basis of country, North America passive optical network (PON) market is segmented into United States and Canada. The market in United States collected the highest revenue in 2021. By the end of 2031, it is estimated to garner significant revenue, by growing at a CAGR of 19.8% over the forecast period.

Some of the prominent industry leaders in the North America passive optical network (PON) market that are included in our report are Comtrend Corporation, Arcadyan Technology Corporation, Zyxel Communications Corporation, Actiontec Electronic Inc., Calix Inc., Adtran Inc., DZS, CommScope Holding Company Inc., Nokia Corporation, Humax Networks, Inc., Wistron NeWeb Corporation and others.