Sarasota, FL -- (SBWIRE) -- 10/16/2018 -- Zion Market Research has published a new report titled "GPON Equipment Market by Component Type (Optical Cables, Optical Power Splitters, Optical Filters, and Wavelength Division Multiplexer/Demultiplexer) and by Product Type (Optical Line Terminal, Optical Network Terminal, and Passive Optical Splitters): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 – 2024". According to the report, the global GPON equipment market accounted for USD 5.50 billion in 2017 and is expected to reach USD 25.82 billion by 2024, growing at a CAGR of around 24.72% between 2018 and 2024.

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GPON infrastructure consists of single optical fiber that can be accessed by multiple users with the help of passive optical splitters. GPON is known as the most cost-effective technology used in FTTH (Fiber to the home) deployments. It is the evolution of broadband passive optical network (BPON). The global GPON delivers triple-play services including internet, voice over internet protocol, and digital content over a single fiber optic line to households and office premises. The rising demand for bandwidth due to social media applications, streaming videos, content sharing, and online gaming is constantly pushing the requirements for better experience and higher bit rates.

The rapid increase in the connected device and need for higher bandwidth increases the demand for the GPON equipment in the market. Further, the telecommunication sector is a key end-user market for GPON equipment and is predicted to shape this market significantly in the near future. Telecom sector is shifting towards high capacity and faster optical network which anticipates spurring the growth of the GPON equipment market. The increasing investments from public and private sectors with the excessive data traffic are expected to be the key drivers of this market. Furthermore, high return on investments, low ownership cost, effective bandwidth connectivity, and high usage of data-intensive services such as video on demand, video conferencing, and voice over internet protocol are some of the major factors which are contributing to the growth of GPON equipment market. However, less range and slow data transmission speed during peak usage time along with high installation and operational costs are some of the factors predicted to limit the growth of the GPON equipment market.

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Based on the component segment, the global GPON equipment market is divided into optical filters, optical power splitters, wavelength division multiplexer/demultiplexer, and optical cables. Wavelength division multiplexer/demultiplexer segment is estimated to show noticeable growth in the global GPON equipment market. The product segment of the global GPON equipment market includes an optical line terminal, optical network terminal, and passive optical splitters. The market is analyzed on the basis of five regions namely Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa.

With the significant share, Asia Pacific was the leading and the fastest growing regional market for GPON equipment in 2017. North America was the second leading region in the global GPON equipment market. Increase in the number of internet users coupled with rising demand for high-quality bandwidth contributes to the growth of the GPON equipment market in the Asia Pacific region. Further, North America and Europe are expected to have considerable growth rate owing to the continuous improvement in technology coupled with rising demand for FTTH services. Latin America and the Middle East and Africa are expected to be the most attractive regions during the forecast period owing to the increasing demand for the high-speed optical network in the developed nations of Latin America and the Middle East.

Major players operative in the GPON equipment market are Huawei Technologies Co. Ltd., Calix, Inc., Verizon Communications Inc., Mitsubishi Electric Corporation, Broadcom Corporation, Inc., Alcatel-Lucent S.A., Adtran Inc., ZTE Corporation, Freescale Semiconductor, Inc., Motorola Solutions, Inc., Ericsson, Inc., Alphion India Pvt. Ltd., and Hitachi, Ltd.

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The report segments the GPON equipment market as follows:

Global GPON Equipment Market: Component Type Segment Analysis

Optical cables
Optical Power Splitters
Optical Filters
Wavelength Division Multiplexer/Demultiplexer

Global GPON Equipment Market: Product Type Segment Analysis

Optical Line Terminal
Optical Network Terminal
Passive Optical Splitters

Global GPON Equipment Market: Regional Segment Analysis

North America
The U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa