According to a recent report published by Allied Market Research, 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.
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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 market growth.
The 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.
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 hospital’s subsegment is expected to witness the highest growth rate, owing to an increase in the number of hospitals for leveraging the advantages of optical networks and an increased focus on upgrading legacy networks with passive optical networks.
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KEY FINDINGS OF THE STUDY
- The optical line terminal segment is expected to exhibit significant growth in the global GPON equipment market during the forecast period.
- In 2016, the IT & telecom segment accounted for the highest revenue among the other industry verticals.
- LAMEA is anticipated to exhibit substantial growth during the forecast period.
The key players profiled in the report include 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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