Optical transceivers are key networking components that transmit and receive signals through fiber optic cables. They enable high-speed data transmission and play a crucial role in networking infrastructure. The increasing demand for bandwidth and rise of cloud computing have propelled the deployment of hyperscale data centers across the world. As optical transceivers are integral components for interconnecting thousands of servers in data centers, their demand continues to surge with expanded data center footprint. The global Optical Transceiver Market is estimated to be valued at US$ 11.28 Mn in 2023 and is expected to exhibit a CAGR of 3.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The deployment of 5G networks and proliferation of hyperscale data centers are key factors driving the optical transceiver market growth. As 5G allows for higher bandwidth and cloud computing continues to gain traction globally, data center operators are expanding their infrastructure at an unprecedented rate. This is significantly increasing the demand for optical transceivers from data center operators. Additionally, 5G adoption will also necessitate fiber connectivity between telecom towers and switch sites, thereby propelling the need for high-speed optical transceivers used in telecom transport networks. Massive proliferation of data centers and emergence of 5G with its massive machine-type communications is expected to augment the optical transceiver market expansion over the forecast period.
Segment Analysis
The global optical transceiver market is dominated by QSFP and SFP segments. The QSFP (Quad Small Form-factor Pluggable) segment holds the largest market share owing to factors such as high bandwidth transmission capability and adoption of 400G high-speed networking. QSFP transceivers support transmission speeds of up to 400G compared to other segments and are highly adopted across data centers and telecommunication applications for high-speed network requirements.
Key Takeaways
The global Optical Transceiver Market Share is expected to witness high growth.
Regional analysis: The North America region currently dominates the optical transceiver market. Factors such as high investments in cloud computing and 5G infrastructure expansion are driving market growth in the region. The Asia Pacific region is expected to grow at the fastest pace during the forecast period due to rapid digital transformation and increasing data center investments in countries such as China and India.
Key players operating in the optical transceiver market are Finisar Corporation, Lumentum Holdings Inc., Oclaro Inc., Acacia Communications, Inc., Sumitomo Electric Industries Ltd., NeoPhotonics Corp., Accelink Technologies Co., Ltd., Source Photonics, Inc., Fujitsu Optical Components Limited, Innolight Technology.
For more insights, read- https://www.ukwebwire.com/optical-transceiver-market-trends-size-and-share-analysis/
For more details on the report, Read- https://dailynewsmotion.weebly.com/report-blog/plant-based-meat-market-is-estimated-to-witness-high-growth-owing-to-opportunity
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