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The increasing demand for fibre-optic internet for industrial, commercial, and residential applications is driving the market for optical network terminal (ONT) equipment. The rising demand for high bandwidth and high-speed internet by business process outsourcing (BPO) companies is increasing the deployment of compact and portable optical network terminal (ONT) equipment offering triple-play services (video, data, and voice). Moreover, the enhanced user-friendliness provided by compact and innovative optical network terminal (ONT) equipment is surging their use in various industries, which is significantly contributing to the market growth. As 5G network is being increasingly rolled out in various regions, the demand for innovative optical network terminal (ONT) equipment to provide premium experiences to users is surging, which is anticipated to augment the growth of the market in the forecast period.
Some of the leading companies in the market are ADVA Optical Networking (OTCMKTS: ADVOF) and Huawei. In March 2019, Huawei released the Huawei EchoLife K5 Pro, its new flagship GPON ONT. The product complies with the TR-398 Wi-Fi performance test standard of the Broadband Forum (BBF). It delivers a carrier-class Wi-Fi service to users and provide full coverage in homes and ultra-HD video experience. It also eliminates the poor performance and services provided by various Wi-Fi services and resolve Wi-Fi issues for smooth playback. The product provides an interface rate up to 2180 Mbps while leveraging beamforming technology to boost Wi-Fi coverage. Moreover, the optical network terminal (OTN) equipment achieves smooth playback of 4K videos on multiple TVs over Wi-Fi to address severe interference. The optical network terminal (ONT) equipment supports the premium Wi-Fi solution, performance visibility, and operations and maintenance management system. Such innovative products are providing impetus to the growth of the market.
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The major players in the global optical network terminal (ONT) equipment market are ADVA Optical Networking, Alcatel-Lucent, Ciena, Cisco, Coriant, Fujitsu, and Huawei, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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