Gigabit Passive Optical Network (GPON) Chipset: Market Overview in 2024

The gigabit passive optical network (GPON) chipset market size has grown strongly in recent years. It will grow from $2.48 billion in 2023 to $2.68 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to demand for high-speed broadband, fiber optic infrastructure expansion, growth of the telecommunication industry, increased bandwidth requirements, rapid urbanization.

The gigabit passive optical network (GPON) chipset market size is expected to see strong growth in the next few years. It will grow to $3.48 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to 5G networks, smart city initiatives, increased fiber-to-the-home (FTTH), remote work and telecommuting, gaming streaming services. Major trends in the forecast period include industrial IoT, connected vehicles, network virtualization, green technology, security enhancements, emerging technologies.

Market Overview -
A gigabit passive optical network (GPON) chipset is a technology that delivers high-speed internet access over an optical fiber network. The purpose of a gigabit passive optical network (GPON) chipset is to provide high-speed data transmission over optical fibers cost-effectively and efficiently. It consists of an optical line terminal (OLT) at the service provider's end and multiple optical network units (ONUs) at the user's end.

Download Free Sample of Report -

https://www.thebusinessresearchcompany.com/sample.aspx?id=14386&type=smp

Increasing Demand For High-speed Internet Connectivity Growth In Gigabit Passive Optical Network (GPON) Chipset
The increasing demand for high-speed internet connectivity is expected to propel the growth of the gigabit passive optical network (GPON) chipset market going forward. High-speed internet connectivity refers to the ability to access the internet at significantly faster speeds than traditional dial-up connections. With the increasing demand for seamless and fast data transmission, there is a rising demand for high-speed internet. GPON chipsets enable high-speed internet connectivity by utilizing fiber-optic technology to transmit gigabit data rates, facilitating efficient and fast broadband communication. For instance, in November 2023, according to the Telefonaktiebolaget LM Ericsson Mobility Report, a Sweden-based networking and telecommunications company, in 2023, a projected 610 million new 5G subscriptions are expected, marking a 63% increase from 2022 and reaching a global total of 1.6 billion. Moreover, by the end of 2029, the number is anticipated to surpass 5.3 billion, showcasing sustained growth in 5G adoption. Therefore, increasing demand for high-speed internet connectivity drives the gigabit passive optical network (GPON) chipset market.

Competitive Landscape -
Major companies operating in the gigabit passive optical network (GPON) chipset market are Verizon Communications Inc., Huawei Technologies Co. Ltd., Intel Corporation, Cisco Systems Inc., Mitsubishi Electric Corporation, Broadcom Inc., Fujitsu Limited, Telefonaktiebolaget LM Ericsson, Nokia Corporation, NEC Corporation, ZTE Corporation, NXP Semiconductors N.V., Motorola Solutions Inc., Marvell Technology Group Ltd., FiberHome Telecommunication Technologies Co. Ltd., Realtek Semiconductor Corp., Tellabs Inc., Zyxel Communications Corp., ADTRAN Inc., Calix Inc., Allied Telesis Inc., Ubiquoss Inc., XAVi Technologies Corporation

Unveiling Industry-First Network Solution To Enhanced Market Growth
Major companies operating in the gigabit passive optical network (GPON) chipset market are focused on developing advanced solutions such as next-generation PON technology, to strengthen their position in the market. It enhances broadband communication by significantly increasing data transfer rates and optimizing network efficiency. For instance, in May 2022, ZTE Corporation, a China-based telecommunications and information technology company, launched an Optical Network Unit (ONU). This industry-first prototype supports 50-gigabit-capable passive optical networking (50G PON) and Wi-Fi 7 technologies. This innovative ONU, the ZXHN F9746Q, features a MediaTek Filogic Wi-Fi 7 chipset, providing four spatial streams across the 2.4 GHz, 5 GHz, and 6 GHz bands. It supports a multitude of application scenarios, including ultra-broadband access for homes and innovative services such as 5G, Cloud VR, telemedicine, and smart manufacturing.

Browse Full Report @
https://www.thebusinessresearchcompany.com/report/gigabit-passive-optical-network-gpon-chipset-global-market-report

Key Segments -

The gigabit passive optical network (GPON) chipset market covered in this report is segmented -

1) By Type: 2.5G-GPON Technology, 10G-GPON Technology, XGS-PON Technology, NG-PON2 Technology
2) By Equipment: Optical Line Termination (OLT), Optical Network Unit (ONU), Optical Distribution Network (ODN)
3) By Application: Fiber-To-The-Home (FTTH), Fiber-To-The-Building (FTTB), Fiber-To-The-Curb (FTTC), Other Applications
4) By End-Use Industry: Hospitals, Residential, Information Technology And Telecom, Government Institutions, Other End-Use Industries

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Want To Know More About The Business Research Company?

The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.

Global Market Model - World's Most Comprehensive Database

The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps

This release was published on openPR.