At 5.8% CAGR, Global GPON Equipment Market to Surpass US$ 9.75 Bn By 2028, Forecast Report By Zion Market Research

GPON Equipment Market

The global GPON equipment market was valued at nearly USD 6.35 billion in 2021 and is forecasted to grow to about USD 9.75 billion by 2028, with a compound annual growth rate (CAGR) of approximately 5.8 percent over the forecast period. The report analyzes the GPON equipment market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the GPON equipment market.

GPON Equipment Market: Overview

GPON stands for Gigabit Passive Optical Networks, which is an optical fiber network that allows for faster data reception and transmission on a sole connection. A point-to-multipoint design will allow optical fiber to be delivered to the building or home. It was developed in order to fulfill the necessity to upgrade copper networks by allowing voice, video, and data to be transmitted. With the ease in installation and use of high-speed data, demand for Gigabit Passive Optical Networks (GPON) equipment is increasing.

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COVID-19 Impact:

The COVID-19 pandemic has given the GPON industry a significant boost. GPON providers are concentrating on making considerable expenditures to extend fiber-optic networks in all the region, which has resulted in a significant market expansion. Valley Fiber Limited, a Canadian telecom, for example, disclosed majority funding from DIF Capital Partners in April 2020. In Canada, the investments helped the corporation expand its fiber-to-the-business and fiber-to-the-home networks. Further, the acceptability of GPON technology is likely to be aided by significant expenditures in fiber-optic network development.

GPON Equipment Market: Growth Drivers

Increased demand for high bandwidth and surge in FTTH Deployments may boost the market growth.

A single optical fiber is used in GPON infrastructure, which is shared by several users using optical splitters. As a result, GPON is regarded as the most cost-effective FTTH (fiber to the house) deployment technology. Furthermore, the global GPON equipment market is predicted to be driven by an increase in the usage of such services as well as an increase in investments from both the public and private sectors. Moreover, the emergence of streaming video and high-speed services has fueled the demand for more bandwidth, resulting in an increase in FTTP applications. Furthermore, as the number of connected devices grows, the demand for increased bandwidth is projected to grow.

GPON Equipment Market: Restraints

The availability of better bandwidth providers may restrict the growth of the market.

Much effort has gone into developing a replacement for GPON and GEPON, guaranteeing that PON designs can support future, higher-capacity networks. GPON currently has a downstream capacity of 2.5 Gb/s and an upstream capacity of up to 1.25 Gb/s. This is shared by 32 or 64 people (depending on the splitter options used). So, even with dynamic available bandwidth, such technologies struggle to provide 100 Mb/s services and are incapable of handling Gb/s speeds. P2P systems, on the other hand, have always been able to handle transmission speeds of 100 Mb/s to 1 Gb/s. The performance of the first next-generation PON was roughly four times that of GPON. It offered 10 Gb/s downstream and a variety of upstream speeds, including the potential for 10 Gb/s. Such factors can affect the market growth during the forecast period.

GPON Equipment Market: Opportunities

Increase in IP traffic and technological advancement is likely to offer better growth opportunities for the market expansion.

The market's technological advancement is a crucial growth element. It's worth noting that the need for higher-quality fiber is increasing in order to improve service providers' network design. New FTTH projects are also being built, contributing to the worldwide GPON equipment market's growth. Increased internet penetration in emerging nations, along with an increase in worldwide IP traffic, has spurred industry expansion. GPON's technological and performance advantages over other legacy networks have also allowed it to become the preferred fiber access solution. Furthermore, simpler network operations add to the market's expansion. Furthermore, as video streaming becomes more popular, there is a growing need for bandwidth throughout the world, which is propelling the global GPON equipment market ahead.

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GPON Equipment Market: Challenges.

High installation and operational costs pose a major challenge to the market growth.

Cost of GPON installation is comparatively high due to its components which is mainly restricting demand for GPON equipment in low-income countries. Moreover, fewer numbers of vendors in such regions also restrict the market penetration. Many vendors struggle to maintain the sale owing to low response and low buying power of the customers. Further, many small organizations prefer alternate modes of internet services which also contributes to the slow expansion of the market.

GPON Equipment Market: Segmentation

The global GPON equipment market is segregated based on equipment type, end-use industry, and region. By equipment type, the market is categorized into optical line terminals and optical network terminals. End-use industry segment of the market is bifurcated into hospitals, IT & telecom, residential, and other.

Report Scope:

Recent Developments

In April 2021, Huawei teamed up with partners to speed up the deployment of gigabit optical networks and application development.

GPON Equipment Market: Regional Landscape

Asia Pacific to lead the global market over the forecast period.

Asia-Pacific led the global GPON equipment market in 2021 and is likely to maintain this trend over the projection period. This is due to increased internet penetration, increased expenditures on R&D facilities, and increasing demand for more bandwidth from countries such as China, India, Japan, and other emerging countries. Furthermore, a rise in FTTH deployment in countries like Brazil, Uruguay, Saudi Arabia, Latin America, and MEA is predicted to expand at the fastest CAGR throughout the projection period.

GPON Equipment Market: Competitive Landscape

Major players operating in the global GPON equipment market include Motorola Solutions, Huawei Technologies Co., Ltd., Hitachi, Ltd., Dasan Zhone Solutions, Cisco Systems, Inc., Ericsson AB, Ubiquoss Inc., Mitsubishi Electric Corporation, Calix, and ZTE Corporation.