GPON Technology Market Size, Growth, Key Players, Trends - Global Forecast to 2023

 Puuja Patange
  10th-Oct-2019
 67

The overall GPON technology market was valued at USD 6.71 Billion in 2016 and is expected to reach USD 11.07 Billion by 2023, at a CAGR of 7.45% between 2017 and 2023.The growth of this market is driven by the increasing penetration of FTTH services in Asia Pacific, growing demand for high-speed broadband services, advancements in GPON technology, and high demand for GPON for triple-play services.

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In this report, the GPON technology market is segmented on the basis of component, technology, application, vertical, and geography. Optical network terminal led the market in 2016 primarily owing to the high demand for GPON for triple-play services, growing demand for high-speed broadband services, advancements in GPON technology, and increasing penetration of FTTH services in APAC.

The NG-PON2 technology is expected to be commercialized by 2018 and is expected to grow at the highest CAGR till 2023, replacing the 2.5G PON technology. The FTTH application held the largest size of the GPON technology market in 2016, while the market for the backhaul application is likely to grow at the highest CAGR during the forecast period primarily because of the growth of the XGS-PON and NG-PON2 technologies, which will witness higher adoption in the mobile backhaul application compared to 2.5G PON and XG-PON.

The residential vertical is expected to hold the largest size of the GPON technology market during the forecast period. The GPON technology is primarily used for the FTTH market as optical fiber technology gained popularity owing to its ability to provide Internet connection directly to the home. AT&T, Verizon, and other leading operators in the US are investing in installing GPON architecture that will be installed in residencies either through the FTTH or FTTP route. GPON technology for the residential purpose is primarily used for the applications such as high-speed data, IPTV, voice, and CATV services.

Asia Pacific held the largest share of the GPON technology market in 2016. The high government spending for expanding optical network distribution in the region and the increasing adoption of FTTx applications are some of the factors driving the growth of market in the region. Additionally, the deployment of 4G and 5G mobile network applications is further expected to boost the demand for the market in APAC. RoW is expected to be the fastest-growing market during the forecast period. Brazil, Uruguay, Chile, and Colombia are some of the major countries that are driving the growth of the market in South America. Saudi Arabia, South Africa, and Turkey are some of the prominent countries that are driving the growth of GPON technology market in the Middle East and Africa.

The major restraints for the companies in the market are the presence of substitute technologies such as G.fast and EPON as well as the high installation and operational costs. The major vendors in the GPON technology market include Huawei (China), Nokia (Finland), ZTE (China), FiberHome (China), Calix (US), ADTRAN (US), DASAN Zhone (US), Cisco (US), NEC (Japan), Allied Telesis (Japan), Iskratel (Slovenia), Unizyx (Taiwan), and Alphion (US). These players have adopted various strategies such as new product developments; mergers and acquisitions; partnerships, agreements, and collaborations to cater to the needs of customers.

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Domain: Electronics
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Posted By: Puuja Patange and Contact Puuja Patange

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