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(IT-NEWSWIRE.COM, August 21, 2019 ) The overall GPON technology market was valued at USD 6.71 Billion in 2016 and is expected to reach USD 11.07 Billion by 2023, at a CAGR of 7.45% during the forecast period. This report provides the market size and describes the growth potential of the market across different segments such as component, technology, application, vertical, and geography. The study identifies and analyzes the market dynamics such as drivers, restraints, opportunities, and industry-specific challenges for the market. It also profiles the key players operating in the GPON technology market. Factors such as the high demand for GPON for triple-play services, increasing demand for high-speed broadband services, advancements in GPON technology, and demand for scalability in mobile backhaul networks are expected to propel the growth of the overall market. The base year considered for the study is 2016, and the market size forecast is provided for the period between 2017 and 2023.
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Optical network terminal expected to hold the largest market share between 2017 and 2023
Optical network terminal (ONT), also known as optical network unit (ONU), is an important networking hardware installed at the user premise for the transmission of traffic through GPON. Its main function is to convert optical signal transmitted via optical fiber to electrical signals that are forwarded to business and residential users. The GPON technology market is expected to be led by the ONT component in terms of volume and value during the forecast period. Further, the increasing number of users availing data, video, and voice services is expected to propel the ONT component market growth further.
GPON technology market for mobile backhaul application expected to grow at the highest CAGR during the forecast period
Among the optical fiber technologies available for mobile backhaul, GPON is increasingly being deployed because of its capability to allow telecom operators to increase their bandwidth capacity, maintain the quality of service and reliability, and reduce the operational cost. The additional benefits offered by GPON for the mobile backhaul application include efficient topology, minimal hardware requirement, scalability, redundancy, and synergy using the existing fixed line access. The increasing adoption of GPON for mobile backhauling makes the economies of GPON more attractive to network operators. The additional benefits offered by GPON, including the increasing penetration of 4G and 5G mobile services, are expected to play a key role in increasing the demand for GPON for mobile backhaul applications.
Browse and in-depth TOC on "GPON technology market"
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Market in Rest of the World expected to grow at the highest CAGR during the forecast period
Rest of the World comprises South America, the Middle East, and Africa, which are the potential markets for GPON technology. The increasing subscription base of FTTH users in South American countries is driving the growth of the GPON technology market in this region. Saudi Arabia, the UAE, and Turkey are some of the prominent countries witnessing increasing demand for GPON technology in the Middle East. The increasing investment of telecom companies in Africa’s optical network has resulted in the growth of the GPON technology market in this region.
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The major companies involved in the development and supply of GPON technology include Huawei (China), Nokia (Finland), ZTE (China), FiberHome (China), Calix (US), ADTRAN (US), DASAN Zhone (US), Cisco (US), NEC (Japan), Allied Telesis (Japan), Iskratel (Slovenia), Unizyx (Taiwan), and Alphion (US). EcoNet (Taiwan), Shenzhen Gigalight (China), Shenzhen C-Data (China), GponDoctor (Spain), and NCIS Group Australia) are the five key innovators considered in the GPON technology market.
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