GPON Equipment Market Expected to Reach $55.55 Billion by 2023 - Huawei Technologies Co., Ltd., Hitachi, Ltd., Ericsson AB, Ubiquoss Inc., Motorola Solutions, Dasan Zhone Solutions, Mitsubishi Electric Corporation

Allied Market Research recently published a report, titled, “GPON Equipment Market by Equipment Type (Optical Line Terminal and Optical Network Terminal) and End Use Industry (Hospitals, Residential, IT & Telecom, and Others): Global Opportunity Analysis and Industry Forecast, 2017–2023”. According to the report, the GPON equipment market garnered about $10.08 billion in 2016 and is estimated to reach $55.55 billion by 2023, registering the CAGR of 27.8% during the forecast period.

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Increased growth in IP traffic, rise in FTTH developments, and demand for higher bandwidth have boosted the growth of the global GPON equipment market. However, high cost of deployment hampers the market growth. On the contrary, rapid growth in digitalization and automation and adoption of FTTH services are expected to create lucrative opportunities for the market players in the next few years.

Asia-Pacific dominated the global market in 2016 and is expected to continue this trend during the forecast period, owing to increase in penetration of internet, growth in investments in R&D infrastructure, and high demand for greater bandwidth from countries including India, Japan, China, and others. Furthermore, LAMEA is expected to grow at the highest CAGR during the forecast period, especially in countries, such as Brazil and Uruguay, due to increase in deployment of FTTH.

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The global GPON equipment market was dominated by the optical line terminal segment in 2016 and is expected to continue this trend during the forecast period. However, the optical network segment is expected to witness the highest growth from 2017 to 2023.

In 2016, the global market was dominated by the IT & telecom industry and is expected to continue this trend during the forecast period. However, the hospitals subsegment is expected to witness the highest growth rate, owing to increase in the number of hospitals for leveraging the advantages of optical networks and increased focus toward upgrading legacy networks with passive optical networks.

Key Advantages of the GPON Equipment Market:

• The optical line terminal segment is expected to exhibit significant growth in the global GPON equipment market during the forecast period.
• In 2016, the IT & telecom segment accounted for the highest revenue among the other industry verticals.
• LAMEA is anticipated to exhibit substantial growth during the forecast period.

The key players profiled in the report include Huawei Technologies Co., Ltd., Hitachi, Ltd., Ericsson AB, Ubiquoss Inc., Motorola Solutions, Dasan Zhone Solutions, Calix, Mitsubishi Electric Corporation, Cisco Systems, Inc., and ZTE Corporation.

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