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Gigabit Passive Optical Network (GPON) Chipset Market Research Report 2024-2033 | Size, Growth, Demand, Trends
Gigabit Passive Optical Network (GPON) Chipset Market Research
According to The Business Research Company's, 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.
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Market Drivers and Trends:
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.
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.
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Major Key Players of the Market:
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
Gigabit Passive Optical Network (GPON) Chipset Market 2024 Key Insights:
• The Gigabit Passive Optical Network (GPON) Chipset Market is expected to grow to $3.48 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%.
• Increasing Demand For High-speed Internet Connectivity Growth In Gigabit Passive Optical Network (GPON) Chipset
• Unveiling Industry-First Network Solution To Enhanced Market Growth
• Asia-Pacific was the largest region in the gigabit passive optical network (GPON) chipset market in 2023. The regions covered in the gigabit passive optical network (GPON) chipset market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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