GPON Market Size

GPON Market Size

GPON Market size was recorded at over USD 15 billion in revenue in 2022. Driven by favorable broadband access initiatives by government organizations, the industry is expected to grow at a more than 10% CAGR from 2023 to 2032.

To get key market trends

  Download Free Sample

The burgeoning internet usage in developing countries and the global increase in IP traffic are aiding market progression. The need for GPON technology-based solutions including ONTs and OLTs has surged as a result of government plans for fixed broadband infrastructure and smart city developments. For instance, in March 2021, the UK government launched Project Gigabit worth £5bn billion (~USD 6 billion) to provide the fastest gigabit broadband connectivity in Hampshire, Norfolk, Suffolk, Shropshire, Worcestershire, and Isle of Wight districts with an aim of recovering from the impact of the pandemic and fortify country-wide network.

Excessive developments in network technology may restrain industry progression

Consistent advancements in network technology are a major factor restraining GPON market growth. Network modifications are necessary, particularly in the central office, for the migration and physical installation of next-generation PON services. Operators often face setbacks to keep up with rapid technological innovation to provide customers with better connectivity and competitive bandwidth options. Nonetheless, with the growing importance of GPON in network connectivity and forward error correction, the market is likely to witness steady growth in the upcoming years.