The gigabit passive optical network (GPON) chipset market is anticipated to witness tremendous growth during the forecast period of 2018 to 2026 states Transparency Market Research. Rising technological advancements in the FTTH sector have been highly instrumental in the market’s expansion over the forecast period. The need for energy efficient technologies has driven the GPON chipset market’s growth. Leading players functioning in the market are resorting to new product developments and mergers and acquisitions to expand their footprints in the market.
GPON Chipset Market to Clock in US$ 3,103.8 Mn by 2026
The study on the gigabit passive optical network (GPON) chipset market forecasts it to rise at a health CAGR of 6.7%. Growing at this pace the market is anticipated to reach the mark of US$ 3,103.8 Mn by the end of the forecast period.
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Rising digitalization and high demand for smart technologies have highly supported the market’s expansion. Moreover, governments across the globe are increasingly promoting the adoption of connected digital devices. Additionally, high returns on investment and competitive rates have encouraged the consumers to purchase GPON chipsets.
Rising Demand from IT and Telecom Industry to Boost Growth
In terms of technology, NG-PON2 segment is expected to generate maximum revenue for the gigabit passive optical network (GPON) chipset market. This technology is highly preferred by consumers due to numerous benefits such as flexibility, enhanced performance, and flexibility. Among the end-use industries, the residential sector is anticipated to register the highest growth due to growing demand for GPON chipsets for broadband services. Rising penetration of 4G and 5G networks is also anticipated to augment the gigabit passive optical network (GPON) chipset market’s growth.
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The IT and telecom industry is also estimated to hold a significant share in the gigabit passive optical network (GPON) chipset market due to soaring demand for next gen GPON chipsets. Increase in IP traffic and rising deployment of FTTH network has also propelled the demand for GPON chipsets in the IT and telecom industry. Extensive use of GPON in mobile backhauling has further supplemented the market’s growth.
The optical line termination network is anticipated to fetch maximum revenue benefits for the market accounting for approximately 58% of the overall market share in 2017. The optical network unity technology is also expected to be in demand due to increasing number of users availing video, voice, and data services.
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Prominent companies operating in the GPON chipset market include Marvell Technology Group, Broadcom Inc., HiSilicon Technologies Co., Alphion Corporation, and Realtek Semiconductor Corporation.
Asia Pacific to Lead the GPON Chipset Market
In terms of geography, the gigabit passive optical network (GPON) chipset market is segmented into Asia Pacific, Middle East and Africa, Europe, South America, and North America. The market in Asia Pacific is expected to grow at a promising pace during the forecast period due to the rising technological advancements in this region. China is the leading contributor to the market’s growth in this region due to increasing conversion of wireless as well as wired optical communications. High demand for GPON and EPON networks has also impacted the market positively.
The market in Europe and North America is also anticipated to grow at a promising pace due to the presence of leading companies and rising demand for high-speed broadband services.
The study presented here is based on a report by Transparency Market Research (TMR), “Gigabit Passive Optical Network (GPON) Chipset Market (Technology – 2.5G-GPON, 10G-GPON, XGS-PON, NG-PON2; Equipment – Optical Line Termination (OLT), Optical Network Unit (ONU), Optical Distribution Network (ODN); End use Industry – Hospitals, Residential, IT and Telecom, Government Institutions) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026.”
The global GPON chipset market has been segmented as follows:
Technology
Equipment
End-use Industry
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