The broadband equipment market will be worth $23.4 billion by 2026, according to a forecast from the Dell’Oro Group, which recently increased its forecast. Passive optical network, cable broadband and fixed wireless customer premises equipment will all see growth.

“We’ve made significant upward revisions to our long-term broadband and home networking forecast Dell’Oro Group vice president Jeff Heynen said in a press release.

“Fiber infrastructure buildouts are resulting in more new subscribers and more CPE with advanced Wi-Fi technologies as service providers look to differentiate their services in increasingly crowded markets,” added Heynen.

Other highlights from the Broadband Access & Home Networking 5-Year Forecast Report:

• PON equipment revenue is expected to grow from $9.3 billion in 2021 to $13.6 billion in 2026, driven largely by XGS-PON deployments in North America, EMEA and CALA.
• Revenue for fixed wireless CPE is expected to reach $5.1 billion by 2026, led by shipments of 5G sub-6GHz and 5G millimeter wave units.
• Revenue for cable distributed access equipment (virtual CCAP, Remote PHY devices, Remote MACPHY devices and remote OLTs) is expected to reach nearly $1.3 M by 2026, as operators ramp their DOCSIS 4.0 and fiber deployments.

This forecast is in line with other broadband equipment research.

In March, RVA LLC said that U.S. service providers will spend $125 billion on fiber during the next five years.

Last month, Dell’Oro said that broadband equipment sales grew 14% in the first quarter of 2022 compared to the same quarter the previously year. A good deal of that growth, according to the researchers, was due to the strength of XGS-PON.