GPON Market Growing at a CAGR of 9% to 2024 | Focusing on Top Key Players Verizon, AT&T, Cisco, Ericsson, Broadcom, Calix, FiberHome, Hitachi, Huawei, Iskratel, Nokia, NXP, Semiconductors, ZTE

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Some of the factors augmenting the GPON market growth are growing penetration of IoT platforms, huge adoption of the high-density optic fiber cable technology, and massive deployment of Passive optical LAN to support mission-critical networks in applications such as healthcare and defense. The increasing deployment of IoT devices connecting several sensors, devices, and people has resulted in a massive growth in the number of connections and network traffic. Massive adoption of these platforms in various commercial applications has brought an additional level of complexity to the network architecture. Thus, the demand for fiber optic technologies such as XGS-PON and NG-PON2 will increase over the forecast timeline as these technologies will be widely implemented to support multiple connections with varying bandwidth needs.

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GPON market is projected to surpass USD 16 billion by 2024. GPON networks are becoming extremely popular due to the introduction of new services such as Video on Demand (VoD) and IP television (IPTV) transmission along with the availability of high-speed internet access. As these services demand high bandwidth and scalability, the high-capacity networks are deployed to satisfy the network capacity requirements. GPON networks use fiber optics to create a point-to-multipoint network, granting access to individual users to any Ethernet end-point. Additional benefits associated with the deployment of these networks include greater range up to 10 to 20 km, lower costs, and flexible infrastructure capacity.

North America is estimated to hold the largest market share of over 20% by 2024 due to the rise in the adoption of FTTH network solutions to provide high-speed internet services. Huge investments in the roll-out of 5G networks will also augment the demand for GPON technology in the region. GPON networks will provide the support for the 5G network infrastructure to address the latency constraints and capacity needs for future-ready networks.

The emergence of 5G networks will also accelerate the GPON market growth as they can transmit the data significantly faster and they are designed to support modern IoT use cases. As these networks are expected to provide a better coverage and support high-bandwidth intensive applications, the demand for FTTH networks will grow to support the 5G infrastructure.

Managed services are expected to grow at a CAGR of over 11% from 2018 to 2024 due to the growing need among enterprises to optimize network performance and improve operational efficiency. The managed service providers offer remote monitoring and support for the management of the fiber optic network, enhancing productivity and improving service availability. As GPON networks provide a wide range of benefits to residential and commercial customers, the demand for managed services will increase over the forecast timeline.

The XGS-PON segment in the GPON market is estimated to grow at a CAGR of around 12% over the forecast timeline. The market growth is attributed to the factor that XGS-PON can co-exist with GPON and NG-PON2, allowing operators to deploy the next-generation GPON networks at low costs. This allows them to extend their service offerings while delivering high-bandwidth services to their customers to support connectivity requirements.

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The FTTH segment is projected to hold a major market share of over 40% in 2024. The market growth is driven by an increasing number of FTTH installations in residences to provide high-speed internet access. As FTTH network solutions allow consumers to bundle their communication services such as video, audio, and data, the demand for these solutions is expected to grow consistently between 2018 and 2024.

The residential end-use segment held a majority of the GPON market share with over 60% in 2017 due to the rising demand for triple play services among residential users. A triple play service allows the bundling of services under a single access subscription over a single broadband connection. XGS-PON is projected to emerge as a favorable alternative to offer bundled services involving high-speed and low latency to support voice services.

The competition in the GPON market is characterized by efforts made by service providers and operators for the testing and commercialization of XGS-PON and NG-PON2 technologies. For instance, in August 2015, Verizon conducted a trial of over 5km with 10Gbit/s uplink and 2.5Gbit/s downlink to test the NG-PON2. The trials demonstrated that networks can deliver GPON and NG-PON2 over the same fiber. The next-generation PON technologies will enable organizations to provide high-bandwidth and cost-effective speed upgrades. Due to the rise in the network traffic, the companies in the GPON market have to focus on improving their network architecture to support the requirements of the future ready networks. They offer next-generation PON solutions to help carriers deploy Gigabit networks to provide support to residential and business customers. For instance, in February 2016, Huawei introduced its NG-PON solutions to enable carriers to deploy 10G or 40G-PON solutions. These solutions help in driving the development of new services such as 4K/8K video and IoT.

Table of Content:

Chapter 1. GPON Market Methodology and Scope

Chapter 2. GPON Market Executive Summary

Chapter 3. GPON Industry Insights

Chapter 4. Competitive Landscape, 2017

Chapter 5. GPON Market, By Component

Chapter 6. GPON Market, By Technology

Chapter 7. GPON Market, By Application

Chapter 8. GPON Market, By End Use

Chapter 9. GPON Market, By Region

Chapter 10. GPON Market Company Profiles

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Related Report:

Global GPON Equipments Market 2018 by Manufacturers, Regions, Type and Application, Forecast to 2023

GPON (Gigabit Passive Optical Network) is a point-to-multipoint access network. It consists of mainly two active transmission equipment?s, optical line termination (OLT) and optical network unit (ONU). GPON supports high-bandwidth, long reach and triple-play services. It is designed to carry both analog POTS and data services. This delivers the highest speed, longest life, future proof, lowest cost network infrastructure. Increasing demand for bandwidth due to streaming video, content sharing, social media application and online gaming is constantly pushing the requirement for the higher bit rates and better experience.

https://www.marketstudyreport.com/reports/global-gpon-equipments-market-2018-by-manufacturers-regions-type-and-application-forecast-to-2023?utm_source=RR-SP

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