Optical Transceiver Market To Garner $27.25 billion by 2030, Driven by Modern Digital Service

The optical transceiver market size was valued at $7.18 billion in 2020, and is projected to reach at $27.25 billion by 2030, growing at a CAGR of 15.1% during the forecast period. An optical transceiver module is the essential part of optical communication devices. It utilizes fiber optical technology to send and receive data through completing the process of optical signal, electrical signal, and optical signal conversion.

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The demand for low-cost transceivers has increased due to their energy-efficient characteristics, resulting in boosted sales in telecom and data center applications. Smaller, cheaper, and energy-efficient optical transceivers are currently in high demand in the industry. Technological advancements have led to the development of compact form factors since the launch of the CFP module. To meet the requirements of data centers and enterprises for longer reach and high data transmission rates, there has been an increase in port density and efficient power consumption. This has contributed to the growth of the industry for low-cost optical transceivers. Recognized players like Broadcom (US), Lumentum (US), and Accelink (China) are offering cost-effective and high-performance optical transceiver modules for various applications.

The expansion of telecommunication infrastructure will have a substantial effect on developing countries in a positive way. With the advent of IoT, Artificial intelligence, and Big Data, there is an increasing demand for smart devices and other connected applications. The interconnected technologies across telecommunication sectors play an important role in capturing, translating, and transferring data into meaningful information, which is crucial for the reinforcement of urban infrastructure. The backbone for this kind of infrastructural development is a high-speed fiber optics network, which can transfer enormous amounts of data, at high speed, from one end to another.

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The proliferation of data centers, which serve as the backbone of modern digital services, requires efficient and reliable connectivity solutions. Optical transceivers offer the speed, capacity, and scalability required to maintain the uninterrupted data flow within these data centers. Data centers are emerging as significant drivers in the market studied. With the proliferation of data and technologies, like AI and high-performance computing (HPC), the need to connect data center assets quickly, reliably, and cost-effectively is growing significantly. Throughput, latency, simplified operations, maintenance, intelligence, and security are becoming significant priorities for data center vendors.

The manufacturers of optical transceivers are concentrating more on R&D for serving different applications in the metro network, data center interconnect, long haul applications, and others, which require optical transceivers to be compatible with the complex network. Optical transceiver OEMs such as Fujitsu Optical Components (Japan) and Broadcom (US) are companies offering transceivers that are compact and consume little power. This trend is expected to increase the market growth of small and compact optical modules due to their high range of data connectivity at a faster speed. Hence, it can be said that, due to the reduced package size, accelerated deployment in the datacom and telecom applications and dependency on the already decided standards (IEEE), the strategy of cost leadership and continuous development of smaller and more energy-efficient modules provide large growth potential for the optical transceiver market.

Some of the prime drivers of the global optical transceiver industry are increase in number of data centers, surge in data traffic due to increased internet usage, and increase in demand for advanced network equipment due to COVID-19 pandemic. However, high investment cost associated with optical cable networking act as major barrier for the optical transceiver market growth. Conversely, rise in adoption of AI & IoT and rise in deployment of VoIP, LTE, and 5G networks are expected to create lucrative opportunities for the market growth during the forecast period.

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The key players profiled in the report include Arista Networks Inc., Broadcom Inc., Cisco Systems, Inc., Fujitsu Optical Components Limited, and Huawei Technologies Co. Ltd., Juniper Networks, Inc., Lumentum Operations LLC, NEC Corporation, Sumitomo Electric Industries Ltd., and ZTE Corporation. Market players have adopted various strategies, such as product launch, collaboration & partnership, joint venture, and acquisition to expand their foothold in the optical transceiver market analysis.

Key Findings of the Study
• In 2020, the 41 Gbps to 100 Gbps segment accounted for maximum revenue, and is projected to grow at a notable CAGR of 15.9% during the optical transceiver market forecast period.
• The single mode fiber segment accounted for more than 55.0% of the optical transceiver market share in 2020.
• The data center segment of the market is projected to grow at a CAGR of 16.6% during the forecast period.
• Europe contributed major share in the market, accounting for more than 35.0% share in 2020.

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