The major drivers boosting the growth of GPON equipment market are the technological advancements and rise in demand for best quality fiber in the network architecture of the service providers. Moreover, advent of FTTH projects, specifically in the U.S. and China, has propelled the GPON equipment market growth.
The global GPON equipment market is driven by increased growth in IP traffic, rise in FTTH deployments, and growth in demand for higher bandwidth. However, high cost of deployment hampers the market growth.
The global GPON equipment market was valued at $10,084 million in 2016, and is projected to reach $55,551 million by 2023, registering a CAGR of 27.8% from 2017 to 2023. In 2016, the optical line terminal segment accounted for the highest revenue share in the GPON equipment market.
In 2016, the global market was dominated by the IT & telecom industry, and is expected to continue this trend during the forecast period. However, the hospitals subsegment is expected to witness the highest growth rate, owing to increase in the number of hospitals for leveraging the advantages of optical networks and increased focus toward upgrading legacy networks with passive optical networks.
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Asia-Pacific dominated the global market in 2016, and is expected to continue this trend during the forecast period, owing to increase in penetration of internet, growth in investments in R&D infrastructure, and high demand for greater bandwidth from countries including India, Japan, China, and others. Furthermore, LAMEA is expected to grow at the highest CAGR during the forecast period, especially in countries, such as Brazil and Uruguay, due to increase in deployment of FTTH.
The global GPON equipment market was dominated by the optical line terminal segment in 2016, and is expected to continue this trend during the forecast period. However, the optical network segment is expected to witness the highest growth from 2017 to 2023.
Profiling Key Players: Huawei Technologies Co., Ltd., Hitachi, Ltd., Ericsson AB, Ubiquoss Inc., Motorola Solutions, Dasan Zhone Solutions, Calix, Mitsubishi Electric Corporation, Cisco Systems, Inc., and ZTE Corporation.
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