Press release
Gigabit Passive Optical Network Market Insights, Forecast, Growth, Trends 2024-2033
Gigabit Passive Optical Network Market
The gigabit passive optical network market size is expected to see rapid growth in the next few years. It will grow to $28.39 billion in 2028 at a compound annual growth rate (CAGR) of 15.5%. The growth in the forecast period can be attributed to increasing demand for high-speed internet, rising bandwidth requirements, fiber-to-the-home (ftth) deployments, smart cities and iot infrastructure, environmental concerns and energy efficiency.. Major trends in the forecast period include data traffic management and optimization, technological advancements in gpon, network security enhancement, fiber expansion and ftth deployments, 5g network backhaul integration..
Market Overview -
A gigabit passive optical network refers to a telecommunications network that helps the providers bring fiber optic cabling and signals to the user. This helps to increase the bandwidth over a long range. It is used to deliver voice, data, and video services at gigabit speeds. The gigabit passive optical network is used for consolidating multiple services onto a single fiber transport network.
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Rising Demand For High-Speed Broadband Fuels Gigabit Passive Optical Network (GPON) Market Growth
The increasing demand for high-speed broadband services is expected to propel the growth of the gigabit passive optical network (GPON) market going forward. Broadband refers to high-speed internet access that is always faster than traditional dial-up access. A Gigabit passive optical network helps to increase high bandwidth with a long reach and acts as a support connection to both LANs (local area networks) and wide area networks and can increase the broadband speed. For instance, according to the Organization for Economic Co-operation and Development, a Paris-based international organization, high-speed broadband subscriptions grew by 15% across all the 38 OECD (Organization for Economic Co-operation) countries from June 2020 to June 2021. It also states that high-speed broadband makes up 32% of fixed broadband subscriptions across 38 countries. Therefore, increasing demand for high-speed broadband services is driving the gigabit passive optical networks market growth.
Competitive Landscape -
Major companies operating in the gigabit passive optical network market report are Huawei Technologies Co. Ltd., Cisco Systems Inc., Calix Inc., ADTRAN Inc., Alcatel-Lucent S. A., Himachal Futuristic Communications Limited, MACOM Technology Solutions Holdings Inc., Infiniti Technologies GmbH, Fiber Optic Telecom Co., Hitachi Ltd., FiberHome Telecommunication Technologies Co. Ltd., DASAN Zhone Solutions Inc., Allied Telesis Holdings K. K., Freescale Semiconductor Inc., ECI Telecom Ltd., ZTE Corporation, Nokia Corporation, Sumitomo Electric Industries Ltd., Telefonaktiebolaget LM Ericsson, NEC Corporation, Mitsubishi Electric Corporation, Broadcom Inc., Fujitsu Limited, Corning Incorporated, Finisar Corporation, Ciena Corporation, ADVA Optical Networking SE, Motorola Solutions Inc., Tellabs Inc., Oplink Communications LLC, JDS Uniphase Corporation, Source Photonics Inc., Acacia Communications Inc
Technological Advancements Driving Innovation In Gigabit Passive Optical Network Market
New technological innovations have emerged as the key trend gaining popularity in the gigabit passive optical network market. Major companies operating in the gigabit passive optical network sector are introducing new technologies to sustain their position in the market. For instance, in November 2021, Calix Inc., a US-based telecommunications company, launched a new network innovation platform, AXOS, which works on intelligent access EDGE technology. This technology helps in managing 10G services in most remote and challenging geographies and also contains new alarm aggregation and analysis capabilities which help to increase the internet speed faster.
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Key Segments -
The gigabit passive optical network market covered in this report is segmented -
1) By Type: Optical Line Terminal (OLT), Optical Network Terminal (ONT), Passive Optical Splitters
2) By Component: Product, Service
3) By Technology: 2.5 GPON, XG-PON, XGS-PON, NG-PON2
4) By Application: Fiber to the Home(FTTH), Fiber to the Building (FTTB), Fiber to the Curb (FTTC), Fiber to the Node (FTTN), Mobile Backhaul
5) By End-User: Residential, Business, Other End Users
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
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