Gigabit Passive Optical Network (GPON) Technology Market to grow at a CAGR of 21.42% from 2022 to 2027|APAC is estimated to contribute 42% to the market growth - Technavio
NEW YORK, July 5, 2023 /PRNewswire/ -- The gigabit passive optical network (GPON) technology market is set to grow by USD 25,219.18 million from 2022 to 2027; progressing at a CAGR of 21.42% during the forecast period. The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The migration from copper to optical fiber is a key factor driving the market growth. This is due to the various advantages of optical fiber, such as they can transport larger bandwidths than copper wires and are less expensive, lighter, and non-flammable. Moreover, copper wires can also be easily tapped, which presents security risks and other difficulties. The rising demand for optical fibers due to faster and more effective data transfer is increasing the demand from residential and commercial end-users. Governments are, therefore, promoting the use of optical fiber technology for communication because of the security risk which is present in copper wire. In addition, optical fibers are considered the most important component of GPON. Hence, these various advantages of optical fiber and government support are expected to drive market growth during the forecast period. -Here is an Exclusive report talking about Market scenarios with a historical period (2017-2021) and a forecast period (2023-2027). Download Sample Report in minutes!
The report on the GPON technology market provides a holistic update, market size and forecast, trends, growth drivers, challenges, and vendor analysis.
The GPON technology market covers the following areas:
The emergence of smart city technologies is a major trend shaping the market. The smart city is planned as an urban development strategy in which the ICT (Information and Communications Technology) infrastructure of a city is equipped with a variety of cutting-edge technologies. The adoption of smart grid technologies, the use of IT to improve traffic, the quantity of Wi-Fi points enabled, and even the mobile application landscape is considered while deciding whether a city is qualified for a smart city or not. Furthermore, fiber-optic cables can support higher stability and transmit data over long distances without experiencing any losses. As a result, smart cities prefer to use them over copper cables. Hence, these factors are expected to drive the market growth during the forecast period.
Significant Challenges
The high cost of fiber optics is a significant challenge restricting the market growth during the forecast period. The components, which are made from fiber optic material, are very costly compared to the copper wires. These connectors cost between USD 1 and USD 15 each. Furthermore, if it is for an entire building that needs to be wired, the cost of installing a fiber-optic cable can reach USD 30,000 in some cases. For example, FTTH service provider GoogleFiber projected that it would cost about USD 1 billion to install an optical fiber network in a US city. Therefore, the growing cost hinders the adoption of fiber optics among consumers, which significantly has a negative impact on the demand for GPONs. Hence, these factors are expected to drive the market growth during the forecast period.
The GPON technology market is segmented by application (FTTH, other FTTX, and mobile backhaul), component (ONT and OLT), and geography (APAC, North America, Europe, South America, and the Middle East, and Africa).
The market share growth in the FTTH segment will be significant during the forecast period. fiber-to-the-home provides high-speed internet access from a central location to individual buildings by using optical fibers. The FTTH is considered the best technology by experts to handle consumer network demands in the coming years due to its greater bandwidth. In addition, since the fiber links directly to homes and can be used to complete the remaining network segments with Ethernet or coaxial cables it is considered superior to other fiber designs. Hence, these benefits are expected to drive the segment growth during the forecast period.
This report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters- View Sample Report
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Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
Global competitiveness and key competitor positions
Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - Buy the report!
Companies Mentioned
Adtran Inc.
Allied Telesis Holdings K.K.
Alphion Corp.
AT and T Inc.
Broadcom Inc.
Calix Inc.
Centre for Development of Telematics
Cisco Systems Inc.
DZS Inc.
FiberHome Telecommunication Technologies Co. Ltd.
Hexatronic Group AB
Huawei Technologies Co. Ltd.
Kontron AG
NEC Corp.
Nokia Corp.
Optical Network Technologies
Richerlink Technology Co. Ltd.
Telefonaktiebolaget LM Ericsson
Unizyx Holding Corp.
ZTE Corp.
Vendor Offering
Adtran Inc. - The company offers GPON technology such as SDX 6000 Series, and Total Access 5000 Series.
Broadcom Inc. - The company offers GPON technology such as Multiport 10G PON MAC.
Cisco Systems Inc - The company offers GPON technology such as Cisco Catalyst PON Series.
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GPON Technology Market Scope
Report Coverage
Details
Base year
2022
Historic period
2017-2021
Forecast period
2023-2027
Growth momentum & CAGR
Accelerate at a CAGR of 21.42%
Market growth 2023-2027
USD 25,219.18 million
Market structure
Fragmented
YoY growth 2022-2023(%)
20.67
Regional analysis
APAC, North America, Europe, South America, and Middle East and Africa
Performing market contribution
APAC at 42%
Key countries
US, China, Japan, UK, and Germany
Competitive landscape
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled
Adtran Inc., Allied Telesis Holdings K.K., Alphion Corp., AT and T Inc., Broadcom Inc., Calix Inc., Centre for Development of Telematics, Cisco Systems Inc., DZS Inc., FiberHome Telecommunication Technologies Co. Ltd., Hexatronic Group AB, Huawei Technologies Co. Ltd., Kontron AG, NEC Corp., Nokia Corp., Optical Network Technologies, Richerlink Technology Co. Ltd., Telefonaktiebolaget LM Ericsson, Unizyx Holding Corp., and ZTE Corp.
Market dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Table of Contents
1 Executive Summary
1.1 Market Overview
Exhibit 01: Exe
Executive Summary ? Chart on Market Overview
Exhibit 02: Executive Summary ? Data Table on Market Overview
Exhibit 03: Executive Summary ? Chart on Global Market Characteristics
Exhibit 04: Executive Summary ? Chart on Market by Geography
Exhibit 05: Executive Summary ? Chart on Market Segmentation by Application
Exhibit 06: Executive Summary ? Chart on Market Segmentation by Component
Exhibit 07: Executive Summary ? Chart on Incremental Growth
Exhibit 08: Executive Summary ? Data Table on Incremental Growth
Exhibit 09: Executive Summary ? Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Global GPON technology market 2017 - 2021
Exhibit 18: Historic Market Size ? Data Table on Global GPON technology market 2017 - 2021 ($ million)
Exhibit 168: Telefonaktiebolaget LM Ericsson - Overview
Exhibit 169: Telefonaktiebolaget LM Ericsson - Business segments
Exhibit 170: Telefonaktiebolaget LM Ericsson - Key news
Exhibit 171: Telefonaktiebolaget LM Ericsson - Key offerings
Exhibit 172: Telefonaktiebolaget LM Ericsson - Segment focus
12.17 ZTE Corp.
Exhibit 173: ZTE Corp. - Overview
Exhibit 174: ZTE Corp. - Business segments
Exhibit 175: ZTE Corp. - Key news
Exhibit 176: ZTE Corp. - Key offerings
Exhibit 177: ZTE Corp. - Segment focus
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 178: Inclusions checklist
Exhibit 179: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 180: Currency conversion rates for US$
13.4 Research methodology
Exhibit 181: Research methodology
Exhibit 182: Validation techniques employed for market sizing
Exhibit 183: Information sources
13.5 List of abbreviations
Exhibit 184: List of abbreviations
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