IMARC Group, a leading market research company, has recently releases report titled “GPON Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028. The report offers a comprehensive analysis of the industry, which comprises insights on the global GPON equipment market share. The global GPON equipment market size reached US$ 17.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 40.8 Billion by 2028, exhibiting a growth rate (CAGR) of 15.1% during 2023-2028.
Gigabit passive optical networks (GPON) equipment are point-to-multipoint access networks that are used to connect the optical distribution network (ODN). They consist of splitters, optical line terminals (OLT), and optical network units (ONU). GPON equipment aid in easier network management, enhancing security, speed, and stability, low maintenance requirements, reducing the cost of physical equipment in the fiber distribution network, etc. As compared to ethernet passive optical networks (EPON), they can be utilized for downstream and upstream data as GPON equipment offer better bandwidth. Consequently, they find extensive applications across the information technology (IT), healthcare, and energy industries.
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GPON Equipment Market Trends and Drivers:
The easy availability of high-speed internet connectivity is primarily driving the GPON equipment market. Additionally, the growing number of smartphones and the rising number of connected devices with higher bandwidth are further bolstering the market growth. Besides this, the widespread adoption of GPON technologies in high internet-driven applications, such as high-definition television (HDTV), distributed antenna systems (DAS), security systems, etc., is acting as another significant growth-inducing factor. Moreover, they are gaining extensive traction in the healthcare industry to access high-resolution images and patient medical information and support mission-critical networks, which is positively influencing the global market. Apart from this, the introduction of smart cities and the escalating demand for mobile backhaul systems are also stimulating the market growth. Furthermore, continuous technological advancements, such as the development of a fiber to the home (FTTH), fifth generation (5G) network, and fiber to the premises (FTTP) that offer network immunity against electromagnetic interfering and high-speed data to the consumers, are anticipated to fuel the GPON equipment market over the forecasted period.
Competitive Landscape with Key Player:
- ADTRAN Inc.
- Allied Telesis Inc.
- Calix Inc.
- DZS
- Huawei Technologies Co. Ltd.
- Mitsubishi Electric Corporation
- NEC Corporation
- Nokia Corporation
- Tejas Networks
- Telefonaktiebolaget LM Ericsson
- ZTE Corporation.
GPON Equipment Market Report Segmentation:
Breakup by Equipment Type:
- Optical Line Terminal (OLT)
- Optical Network Terminal (ONT)
Breakup by End User:
- Hospitals
- Residential
- IT and Telecom
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
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