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.
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Speaking of IoT it is imperative to mention the onslaught of 5G networks and their support in bringing a whole new dimension to the GPON technology market. the business world is looking forward to the adoption of 5G as when it is becomes a widely used reality, 5G is poised to become a disruptive force. Applications such as virtual reality, augmented reality, artificial intelligence and telepresence, that have been built on underlying technologies are expected to benefit from massive data pipes and ultra-low latency. While industrial automation and robotics will become a reality, cars and drones will become capable in communicating with each other taking machine to machine communication to a whole new level. With enhancement in machine communication capabilities it is expected that increasing innovation will further increase the need for better 5G performance and eventually lead to expansive prospects for the GPON technology market.
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 FTTH segment is projected to hold a major market share of over 40% in 2024. The GPON technology market growth is driven by an increasing number of FTTH installations in residences to provide high-speed internet access. As FTTH network solutions allow consumers to bundle their communication services such as video, audio, and data, the demand for these solutions is expected to grow consistently between 2018 and 2024.
The residential end-use segment held a majority of the GPON technology 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.
Some of the major players of the GPON technology 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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