The G.fast chipset market size has seen exponential growth in recent years, rising from $2.59 billion in 2023 to $3.3 billion in 2024 at a CAGR of 27.4%. The historic growth is attributed to the demand for higher internet speeds, infrastructure upgrades and investments, competitive pressures in the telecom industry, the cost-effectiveness of copper-based solutions, and the increasing demand for hybrid fiber-copper networks. Looking ahead, the market is projected to continue its rapid expansion, expected to reach $8.73 billion in 2028 at a CAGR of 27.6%. This expected growth can be attributed to the increasing demand for gigabit internet speeds, competitive pressure among telecom operators, rapid urbanization and population density, the demand for cost-effective broadband solutions, and environmental sustainability initiatives. Notable trends in the forecast period include the expansion of gigabit-speed deployments, integration with fiber-to-the-distribution point (FTTDP), a focus on hybrid network strategies, technological convergence with 5G networks, and the adoption of customer premises equipment (CPE)-based deployment models.
Major Driver In The G.Fast Chipset Market
The increasing demand for high-speed internet connectivity is expected to drive growth in the G.Fast chipset market in the future. High-speed internet refers to broadband connections that provide significantly faster data transfer rates, which are becoming more essential due to factors like remote work, streaming services, smart home technology, and digital inclusion. G.Fast technology offers a cost-effective way to upgrade existing copper infrastructure, facilitating high-speed access that meets the growing bandwidth demands associated with streaming, gaming, and remote work activities. Reports published by Ookla in January 2023 indicated that fixed broadband speeds increased by at least 28%, while mobile speeds improved nearly 17% from November 2021 to November 2022. Therefore, the rising demand for high-speed internet connectivity is projected to propel the G.Fast chipset market, with market sizes anticipated to be $1 billion in 2023, $1.5 billion in 2024, and $3 billion by 2028.
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G.Fast Chipset Market Competitive Landscape
Major companies operating in the G.fast chipset market are Intel Corporation, Cisco Systems Inc., Qualcomm Technologies Inc., Broadcom Inc., NVIDIA Corporation, Nokia Corporation, Texas Instruments Incorporated, MediaTek Inc., ZTE Corporation, Microchip Technology Inc., Marvell, MaxLinear, Adtran, Calix Inc., EXFO Inc., Zyxel, Allied Telesis Inc., Ikanos Communications, Metanoia Communications Inc., Sckipio Technologies
Key G.Fast Chipset Market Trend
Major companies in the G.Fast chipset market are focused on developing advanced solutions, such as plug-and-play fiber services, to streamline installation processes, enhance scalability, and improve user accessibility to high-speed broadband solutions. Plug-and-play fiber services are user-friendly fiber-optic internet solutions that enable easy setup and activation without requiring complex technical configurations. For example, in December 2021, Nokia Corporation, a Finland-based telecommunications company, launched Gigabit Connect, which allows the use of existing in-building cables for easier fiber service integration without substantial rewiring. The system leverages G.fast capabilities, enabling operators to connect fiber to a central point in the building and then bridge to existing coaxial or twisted pair cables for the final connection to apartments. Gigabit Connect simplifies managing the last-leg connection by treating it as a fiber endpoint, offering a unified management interface valuable for operators gaining experience with copper technology.
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Global G.Fast Chipset Market Segmentation
The G.fast chipset market covered in this report is segmented –
1) By Type: Distribution Point Units (DPU), Customer Premises Equipment (CPE)
2) By Copper-Line Length: Copper-Line Length Of Shorter Than 100 Meters, Copper-Line Length Of 100 Meters–150 Meters, Copper-Line Length Of 150 Meters–200 Meters, Copper-Line Length Of 200 Meters–250 Meters, Copper-Line Length Longer Than 250 Meters
3) By End-User: Residential, Enterprise Or Commercial
By Geography:The regions covered in the G.fast chipset market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the G.fast chipset market in 2023.
The G.Fast Chipset Global Market Report 2024 furnishes information about the global g.fast chipset market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
