GPON Technology Market to Gain Major Traction via FTTH Application, APAC to emerge as a pivotal revenue pocket

The GPON technology market growth is attributed to the massive surge in the deployment of IoT devices that generate the need for secure and reliable communication. To overcome the network connectivity issues faced by the residential and business customers, GPON plays an important role. The massive penetration of the connected devices and sensors compels enterprises to make sure that their networks continue to perform flawlessly as they transition into the IoT era. The GPON is being increasingly deployed as it has the potential to support multiple connections with varying bandwidth needs.
Another factor fueling the GPON technology market growth is the emergence of 5G networks that are expected to deliver more capacity per device and support new types of solutions due to the mass introduction of Machine-to-Machine (M2M) communications. The advent of bandwidth-intensive entertainment and communication services will also accelerate the adoption of the next-generation GPON technologies over the forecast timeline.
Notably, NG-PON2 would be the fastest growing segment in the GPON market with a CAGR of approximately 20% over 2018-2024. The emergence and progress of 5G will act as the most important driver for the NG-PON2 segment and this has been underlined by Altice, the international network operator that has announced that it will be expanding its NG-PON2 capabilities as it prepares for disaggregated radio access network architectures and potentially overwhelming data traffic volumes brought about by the advancement of 5G. The operator aims at supporting 5G services with full support for residential, commercial, fronthaul and backhaul service requirements and strategizing to save deployment costs while creating a positive business case for fiber as an enabler of 5G services.
Mobile backhaul application segment will show the fastest growth rate of over 10% in the GPON technology market. With significant investments aimed at commercializing 5G network technology, the demand for efficient mobile backhaul solutions in the telecom sector is projected to increase sharply. The FTTH segment is estimated to hold a major portion of the market share in 2024 as it promises higher speed as compared to a typical cable modem or Digital Subscriber Line (DSL) connection. FTTH also allows bundling different services, such as cable TV, broadband with Gigabit speed, telephony, CCTV, IPTV, smart home applications, and safety & security services, through a simple FTTH broadband connection.
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The IT & Telecom segment dominated the global GPON technology 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 technology 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 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.
It is profound to mention that increasing deployment of GPON technology will transform the future technology needs and digital facilities. The TV, phone, and Internet service providers are investing heavily in the gigabit passive optical network infrastructure to deliver better user experience, which will further have a notable impact on the industry trends over the years ahead. Driven by rapid industrialization and digitization across the globe, GPON technology market will surpass a revenue collection of USD 16 billion by the end of 2024.