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Gigabit Passive Optical Network Market - Industry Trends and Forecast to 2033
Gigabit Passive Optical Network
As per the report, the gigabit passive optical network market size has grown rapidly in recent years. It will grow from $14.05 billion in 2023 to $15.97 billion in 2024 at a compound annual growth rate (CAGR) of 13.7%. 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%.
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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.
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.
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
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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
Contents of the report:
1. Executive Summary
2. Gigabit Passive Optical Network Market Report Structure
3. Gigabit Passive Optical Network Market Trends And Strategies
4. Gigabit Passive Optical Network Market - Macro Economic Scenario
5. Gigabit Passive Optical Network Market Size And Growth
…..
27. Gigabit Passive Optical Network Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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