The XGS-PON segment in the GPON market is estimated to grow at a CAGR of around 12% over the forecast timeline. The market growth is attributed to the factor that XGS-PON can co-exist with GPON and NG-PON2, allowing operators to deploy the next-generation GPON networks at low costs. This allows them to extend their service offerings while delivering high-bandwidth services to their customers to support connectivity requirements.
The emergence of 5G networks will also accelerate the GPON market growth as they can transmit the data significantly faster and they are designed to support modern IoT use cases. As these networks are expected to provide a better coverage and support high-bandwidth intensive applications, the demand for FTTH networks will grow to support the 5G infrastructure.
Managed services are expected to grow at a CAGR of over 11% from 2018 to 2024 due to the growing need among enterprises to optimize network performance and improve operational efficiency. The managed service providers offer remote monitoring and support for the management of the fiber optic network, enhancing productivity and improving service availability. As GPON networks provide a wide range of benefits to residential and commercial customers, the demand for managed services will increase over the forecast timeline.
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The residential end-use segment held a majority of the GPON market share with over 60% in 2017 due to the rising demand for triple play services among residential users. A triple play service allows the bundling of services under a single access subscription over a single broadband connection. XGS-PON is projected to emerge as a favorable alternative to offer bundled services involving high-speed and low latency to support voice services.
The IT & Telecom segment dominated the global GPON market in 2017 and is expected to hold a share of over 50% in 2024. As the telecommunication networks are constantly developing and expanding in order to meet the ever-growing user demands, the demand for GPON technology in the sector is likely to increase swiftly. With the ongoing expansion of 4G networks and investments aimed at the commercialization of 5G, subscribers are increasingly using broadband data services for their smartphones. This will trigger the adoption of GPONs to meet the high-bandwidth demands, increased scalability, and low latency in data transmission.
Asia Pacific GPON market is estimated to experience the fastest growth with a CAGR of around 7% over the forecast timeline. The GPON technology market growth in the region is driven by an increased penetration of services such as Video on Demand (VoD) and IP television (IPTV) transmission along with high-speed internet access networks. To meet the escalating network demands, the operators are installing Passive Optical Networks (PON) and Gigabit PON (GPON) solutions. Another factor driving the GPON market growth is the significant investments in IoT to drive the smart cities initiatives. Due to the growing popularity of IoT networks in building smart transportation and smart buildings, the demand for fiber optic cables to handle the data transmission over the networks will increase significantly.
Some of the major players of the GPON market are Adtran, Alphion, AT&T, Broadcom, Calix, Cisco, DASAN Zhone, Ericsson, FiberHome, Hitachi, Huawei, Iskratel, NEC, Nokia, NXP, Semiconductors, Tellabs, Unizyx, Verizon, ZTE, and Zyxel.
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