Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 6.35 Billion | USD 9.75 Billion | 5.8% | 2021 |
FrequentlyAsked Questions
The global market is predicted to be driven by an increase in the usage of such services as well as an increase in investments from both the public and private sectors. Furthermore, the emergence of streaming video and high-speed services has fueled demand for more bandwidth, resulting in an increase in FTTP applications
According to the Zion Market Research report, the global GPON equipment market was worth about 6.35 (USD billion) in 2021 and is predicted to grow to around 9.75 (USD billion) by 2028, with a compound annual growth rate (CAGR) of around 5.8 percent.
Asia Pacific led the global GPON equipment market in 2021 and is likely to maintain this trend over the projection period. This is due to increased internet penetration, increased expenditures on R&D facilities, and increasing demand for more bandwidth from countries such as China, India, Japan, and other emerging countries.
Major players operating in the global GPON equipment market include Motorola Solutions, Huawei Technologies Co., Ltd., Hitachi, Ltd., Dasan Zhone Solutions, Cisco Systems, Inc., Ericsson AB, Ubiquoss Inc., Mitsubishi Electric Corporation, Calix, and ZTE Corporation.
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