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NEW YORK , July 5, 2023 /PRNewswire/ -- The gigabit passive optical network (GPON) technology market is set to grow by USD 25,219.18 million from 2022 to 2027; progressing at a CAGR of 21.42% during the forecast period. The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The migration from copper to optical fiber is a key factor driving the market growth. This is due to the various advantages of optical fiber, such as they can transport larger bandwidths than copper wires and are less expensive, lighter, and non-flammable. Moreover, copper wires can also be easily tapped, which presents security risks and other difficulties. The rising demand for optical fibers due to faster and more effective data transfer is increasing the demand from residential and commercial end-users. Governments are, therefore, promoting the use of optical fiber technology for communication because of the security risk which is present in copper wire. In addition, optical fibers are considered the most important component of GPON. Hence, these various advantages of optical fiber and government support are expected to drive market growth during the forecast period. -Here is an Exclusive report talking about Market scenarios with a historical period (2017-2021) and a forecast period (2023-2027). Download Sample Report in minutes! Epon Onu Fiberhome
The report on the GPON technology market provides a holistic update, market size and forecast, trends, growth drivers, challenges, and vendor analysis.
The GPON technology market covers the following areas:
GPON Technology Market 2023-2027 - Market Dynamics
The emergence of smart city technologies is a major trend shaping the market. The smart city is planned as an urban development strategy in which the ICT (Information and Communications Technology) infrastructure of a city is equipped with a variety of cutting-edge technologies. The adoption of smart grid technologies, the use of IT to improve traffic, the quantity of Wi-Fi points enabled, and even the mobile application landscape is considered while deciding whether a city is qualified for a smart city or not. Furthermore, fiber-optic cables can support higher stability and transmit data over long distances without experiencing any losses. As a result, smart cities prefer to use them over copper cables. Hence, these factors are expected to drive the market growth during the forecast period.
The high cost of fiber optics is a significant challenge restricting the market growth during the forecast period. The components, which are made from fiber optic material, are very costly compared to the copper wires. These connectors cost between USD 1 and USD 15 each. Furthermore, if it is for an entire building that needs to be wired, the cost of installing a fiber-optic cable can reach USD 30,000 in some cases. For example, FTTH service provider GoogleFiber projected that it would cost about USD 1 billion to install an optical fiber network in a US city. Therefore, the growing cost hinders the adoption of fiber optics among consumers, which significantly has a negative impact on the demand for GPONs. Hence, these factors are expected to drive the market growth during the forecast period.
GPON Technology Market 2023-2027: Market Segmentation
The GPON technology market is segmented by application (FTTH, other FTTX, and mobile backhaul), component (ONT and OLT), and geography (APAC, North America , Europe , South America , and the Middle East , and Africa ).
This report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters- View Sample Report
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Accelerate at a CAGR of 21.42%
APAC, North America, Europe, South America, and Middle East and Africa
US, China, Japan, UK, and Germany
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Adtran Inc., Allied Telesis Holdings K.K., Alphion Corp., AT and T Inc., Broadcom Inc., Calix Inc., Centre for Development of Telematics, Cisco Systems Inc., DZS Inc., FiberHome Telecommunication Technologies Co. Ltd., Hexatronic Group AB, Huawei Technologies Co. Ltd., Kontron AG, NEC Corp., Nokia Corp., Optical Network Technologies, Richerlink Technology Co. Ltd., Telefonaktiebolaget LM Ericsson, Unizyx Holding Corp., and ZTE Corp.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
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