Market Overview:
The global passive optical components market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for high-speed internet and rising number of data centers across the globe. In addition, growing adoption of cloud services and big data is also fueling the growth of this market. Based on type, the global passive optical components market can be segmented into fresh fish balls and frozen fish balls. Fresh fish balls are witnessing higher demand as compared to frozen fish balls due to their superior quality and taste. Based on application, the global passive optical components market can be segmented into super/hyper stores, department stores, grocery stores, online stores and others (including hospitals, educational institutions etc.). Super/hyper stores are expected to account for a major share in terms of revenue in this market owing to their large size and presence across all regions globally.
Product Definition:
Passive optical components are devices that don't require power to operate and include things such as splitters, combiners, and wavelength filters. They are important because they can help manage light signals in telecommunications networks, allowing for more efficient data transmission.
Fresh Fish Balls:
Fresh fish balls, also known as spleen or ventral stomach of the fish, is a thin and transparent membrane made up of highly refined protein. It is widely used in the production of optical fiber due to its high tensile strength and low water content. Fresh fish ball can be used as an alternative to glass fiber for manufacturing optical fibers since it has similar properties such as refractive index and absorption coefficient at a much lower cost.
Frozen Fish Balls:
Frozen fish balls are used in passive optical components for their high transmittance and low absorption coefficient. The product is made from ground and frozen fish meat, which has a very small chance of absorbing the surrounding environment's light. It is mainly used as a cover glass for making lenses or mirrors that have low reflectivity compared to regular glass counterparts.
Application Insights:
The super/hyper stores application segment dominated the global passive optical components market in 2017. The growth of this segment can be attributed to the increasing penetration of smart stores that offer a combination of advanced technologies such as augmented reality, indoor navigation and sensor-based monitoring for improved customer experience.
Passive optical components are used in numerous applications including grocery stores, convenience stores, supermarkets and hypermarkets. The growing demand for self-checkout systems at grocery store chains such as ALDI is expected to drive the adoption of POCs over the forecast period. Moreover, technological advancements in camera sensors and software will further boost their usage across various applications including e-commerce warehouses and retail storerooms among others.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing penetration of e-commerce in developing countries such as China and India. In addition, rising disposable income levels are anticipated to fuel the demand for consumer electronics products, thereby driving POCs sales in APAC.
North America region is projected to witness significant growth over the next eight years owing to growing adoption of POCs by retail chains operating across various industries including grocery, departmental stores and online retailers. Presence of a large number of players coupled with high investments made by companies for research & development activities will also drive industry expansion over this period.
Growth Factors:
- Increasing demand for high-speed and bandwidth-intensive applications such as 4K/8K video streaming, cloud computing, and big data analytics is expected to drive the growth of passive optical components market.
- Proliferation of fiber-to-the-home (FTTH) and fiber-to-the-premises (FTTP) deployments is also anticipated to boost the demand for passive optical components in the near future.
- Growing popularity of Internet of Things (IoT) is another major factor that would fuel the growth of passive optical components market in coming years.
- Rapid expansion of data center infrastructure across the globe is also projected to create lucrative opportunities for players operating in this market during forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Passive Optical Components Market Research Report
By Type
Fresh Fish Balls, Frozen Fish Balls
By Application
Super/ Hyper Stores, Department Stores, Grocery, Online Stores
By Companies
Ha Li Fa, HAKKA, BoBo, Wai Yee Hong, Heuschen Schrouff
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
125
Number of Tables & Figures
88
Customization Available
Yes, the report can be customized as per your need.
Global Passive Optical Components Market Report Segments:
The global Passive Optical Components market is segmented on the basis of:
Types
Fresh Fish Balls, Frozen Fish Balls
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Super/ Hyper Stores, Department Stores, Grocery, Online Stores
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Ha Li Fa
- HAKKA
- BoBo
- Wai Yee Hong
- Heuschen Schrouff
Highlights of The Passive Optical Components Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Fresh Fish Balls
- Frozen Fish Balls
- By Application:
- Super/ Hyper Stores
- Department Stores
- Grocery
- Online Stores
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Passive Optical Components Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Passive optical components are devices that use light to send information. They include lenses, mirrors, and other optical elements. Passive components allow devices to be smaller and more efficient than traditional electronic or mechanical systems.
Some of the key players operating in the passive optical components market are Ha Li Fa, HAKKA, BoBo, Wai Yee Hong, Heuschen Schrouff.
The passive optical components market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Passive Optical Components Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Passive Optical Components Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Passive Optical Components Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Passive Optical Components Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Passive Optical Components Market Size & Forecast, 2020-2028 4.5.1 Passive Optical Components Market Size and Y-o-Y Growth 4.5.2 Passive Optical Components Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Fresh Fish Balls
5.2.2 Frozen Fish Balls
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Super/ Hyper Stores
6.2.2 Department Stores
6.2.3 Grocery
6.2.4 Online Stores
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Passive Optical Components Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Passive Optical Components Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Fresh Fish Balls
9.6.2 Frozen Fish Balls
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Super/ Hyper Stores
9.10.2 Department Stores
9.10.3 Grocery
9.10.4 Online Stores
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Fresh Fish Balls
10.6.2 Frozen Fish Balls
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Super/ Hyper Stores
10.10.2 Department Stores
10.10.3 Grocery
10.10.4 Online Stores
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Fresh Fish Balls
11.6.2 Frozen Fish Balls
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Super/ Hyper Stores
11.10.2 Department Stores
11.10.3 Grocery
11.10.4 Online Stores
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Fresh Fish Balls
12.6.2 Frozen Fish Balls
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Super/ Hyper Stores
12.10.2 Department Stores
12.10.3 Grocery
12.10.4 Online Stores
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Fresh Fish Balls
13.6.2 Frozen Fish Balls
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Super/ Hyper Stores
13.10.2 Department Stores
13.10.3 Grocery
13.10.4 Online Stores
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Passive Optical Components Market: Competitive Dashboard
14.2 Global Passive Optical Components Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ha Li Fa
14.3.2 HAKKA
14.3.3 BoBo
14.3.4 Wai Yee Hong
14.3.5 Heuschen Schrouff