The global gigabit passive optical network (GPON) market size is anticipated to surpass a valuation of US$ 6,821.7 million in 2023. It is anticipated to hit a valuation of US$ 11,688.9 million by 2033. The market is poised to record a modest CAGR of 5.5% from 2023 to 2033.
Manufacturers of GPON equipment are providing contemporary OLTs as a way to enhance network infrastructure. All of these elements are promoting OLT growth in the GPON market. The demand for fiber optic signal conversion to PON frequencies and frames has further fueled OLT market expansion.
Request for a Sample of this Research Report:
https://www.futuremarketinsights.com/reports/sample/rep-gb-14439
The need for OLTs in the GPON market has increased as a result of the rise in data, voice, and video traffic streaming over international networks. Since OLTs can reduce network costs and simplify the infrastructure without sacrificing performance, they are anticipated to have a substantial influence on GPON industry growth.
The market expansion of the optical network terminal (OLT) has been influenced by the expanding necessity to manage the information flow across optical distribution networks in both directions. The global deployment of fiber-optic network access by OLTs has fueled growth in the GPONs industry.
“Gigabit Passive Optical Network (GPON) Market is experiencing robust growth, driven by the escalating demand for high-speed internet services and the adoption of fiber-to-the-home (FTTH) technology worldwide,” says Sudip Saha, Managing Director and Co-Founder at Future Market Insights.
Key Takeaways from the Gigabit Passive Optical Network Market
- In 2018, the global GPON market size stood at US$ 5,732.6 million.
- The market size recorded US$ 6,565.6 million in 2022.
- The market developed at a CAGR of 3.4% from 2018 to 2022.
- In 2022, the optical line terminal segment by component accounted for 56.6% of the share in the global market.
- In 2022, the telecommunications segment by vertical garnered 20.4% market share.
- In 2022, the United States accounted for 16.7% of the share in the global market.
- In 2022, the United Kingdom market captured a 4.3% share of the global market.
- In 2022, China held a 3.7% share of the global GPON market.
- In 2022, Japan held 5.8% market shares globally.
Recent Developments in Gigabit Passive Optical Network (GPON) Market:
- To offer consumers and companies throughout the world high-speed symmetrical 10G services, Calix, Inc. has announced that over 225 broadband service providers (BSPs) are actively establishing Calix XGS-PON networks. With the Intelligent Access EDGE based on the AXOS® Network Innovation Platform, BSPs can now streamline the management of their networks and speed up the deployment of fiber. With Calix Operations Cloud, BSPs may automate operations and anticipate maintenance needs in addition to real-time network health monitoring and machine learning.
- AirFiber Networks’ fiber extension was powered by Nokia’s GPON technology in May 2021. This business upgraded its network and introduced high-speed data services with the aid of a broadband solution to better serve its clients. Within a year, AirFiber Network expects to be able to provide broadband services to 100,000 users in India by putting the solution into practice.
- Global Connect purchased fiber-based single-dwelling unit (SDU) assets from Telenor Sweden and its wholesale business Open Universe in November 2021. A total of 14,000 houses on Telenor’s SDU fiber network and about 200,000 linked homes on Open Universe’s platform are expected to be acquired by Telenor Sweden as part of the deal. GlobalConnect wants to leverage the deal to bridge Sweden’s digital gap.
Leading Key Players:
- Huawei
- Cisco
- ZTE
- Nokia
- Calix
- FiberHome
- DASAN Zhone
- Allied Telesis
- ADTRAN
- Iskratel
- Alphion
- Unizyx
- Others
Purchase Now and Seize this Opportunity for a Detailed Gigabit Passive Optical Network (GPON) Market Report
https://www.futuremarketinsights.com/checkout/14439
GPON Market Segmentation:
By Component:
- Optical Line Terminal
- Optical Network Terminal
By Technology:
- 2.5G Pon
- XG-Pon
- XGS-Pon
- NG-PON2
By Application:
- Fiber to the Home (FTTH)
- Fiber to the Building (FTTB)
- Fiber to the Curb (FTTC)
- Fiber to the Node (FTTN)
- Mobile Backhaul
By Vertical:
- Transportation
- Telecommunications
- Healthcare
- Energy & Utilities
- Residential (MTU)
- Commercial Industries
By Services:
- Fixed Internet and Voice
- Internet Protocol TV (IPTV)
- Mobile Voice and Internet
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- The Middle East & Africa (MEA)
Author By:
Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management across verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.
He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.
Have a Look at the Related Reports of the Technology Domain:
Passive Optical Network Market Growth– The global passive optical network market size is likely to be valued at US$ 20,872.2 Million in 2022 and is expected to reach US$ 79,199 Million in 2032. The demand for passive optical networks (PON) is anticipated to grow at a CAGR of 14.3% during the forecast period.
Optical Networking Market Size– Global revenue from optical networking currently stands at around US$ 14 Billion. The global optical networking market is anticipated to progress at a high CAGR of 8.4% to reach a valuation of US$ 24.8 Billion by 2029.
Gigabit Interface Converter Market Analysis– The gigabit interface converter market size is estimated to develop a CAGR of 10.7% from 2023 to 2033. The market is projected to surpass US$ 949.3 million in 2023 and is expected to be valued at US$ 2,631.3 million by 2033.
About Future Market Insights (FMI):
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
