The global GPON market size was valued at USD 6.3 billion in 2020 and is expected to reach USD 8.3 billion by 2025, at a CAGR of 5.8% between 2020 and 2025
NEW YORK, March 10, 2020 /PRNewswire/ --
GPON market to exhibit significant growth during 2020-2025.
The global GPON market size was valued at USD 6.3 billion in 2020 and is expected to reach USD 8.3 billion by 2025, at a CAGR of 5.8% between 2020 and 2025. High demand for GPON network for triple and quad-play services, increasing demand for high-speed broadband services, advancement in GPON technology, and trial and deployment of 5G network are the factors driving the growth of the GPON industry. However, the presence of substitute technologies, and high installation and operational costs of GPON will act as a restraining factor for the market.
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NG-PON2 technology expected to witness the highest growth rate during the forecast period. "
NG-PON2 technology offers a broader bandwidth allocation than the current network technologies, higher split ratio, faster upstream and downstream data speed, and enhanced security.Additionally, NG-PON2 deployment for mobile backhaul and fronthaul applications in 4G and 5G network technologies is expected to provide an incremental opportunity for the GPON vendors.
The telecom sector is relying on the optical fiber-based network technology for providing the 5G services, which require low latency and higher speeds, and NG-PON2 fits the billing.
GPON for transportation expected to grow at the highest pace during the forecast period.
Broadband for transportation is used primarily to provide the following services: internet connectivity for passengers; video surveillance in trains and stations; and uploading and downloading operation files including ticketing data, passenger information system (PIS), and reports. These services enable the transmission of voice, vital data, critical data, video, and other applications for the controller of transportation services and the convenience of travelers.
Asia Pacific to be the largest market GPON during the forecast period.
The GPON market in Asia Pacific has been segmented further based on countries into China, Japan, Republic of Korea, Indonesia, Thailand, Taiwan, and Rest of Asia-Pacific. Matured GPON sector, government spending on infrastructure, and widespread deployment of next-generation GPON networks are major factors fuelling the growth of the GPON market in this region.
Break-up of primary participants' profile:
-- By Company Type - Tier 1- 44%, Tier 2- 37% and Tier 3 - 19%
-- By Designation - C-level Executives - 19%, Directors - 53%, and Others - 28%
-- By Region - North America - 14%, Europe - 21%, APAC - 57%, and RoW - 8%
The key players in the market include Huawei (China), Nokia (Finland), ZTE (China), FiberHome (China), DASAN Zhone (US), Calix (US), ADTRAN (US), and Others.
The global GPON market has been segmented into components, technology, application, vertical, and geography.Based on components, the market has been segmented into the optical line terminal (OLT) and optical network terminal (ONT).
Based on the technology, the GPON market has been classified into 2.5G PON, XG-PON, XGS-PON, and NG-PON2. Applications covered in this report are fiber to the home (FTTH); fiber to the building (FTTB), fiber to the curb (FTTC), and fiber to the node (FTTN); and mobile backhaul. The report covers six types of verticals: transportation, telecommunications, health care, energy & utilities, residential (MTU), and commercial industries. The report covers four major geographic regions: North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW).
Reasons to Buy the Report:
-- Illustrative segmentation, analysis, and forecast for markets based on component, technology, application, vertical, and geography have been conducted to give an overall view of the GPON market.
-- A value chain analysis has been performed to provide an in-depth insight into the GPON market.
-- Major drivers, restraints, opportunities, and challenges for the GPON market have been detailed in this report.
-- The report includes a detailed competitive landscape, along with key players, in-depth analysis, and revenues of key players.
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