by
The global Optical Transceiver Market is estimated to be valued at US$ 11.28 Mn or Mn in 2023 and is expected to exhibit a CAGR of 12.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Optical transceivers are small form pluggable (SFP) communication devices that transmit and receive data using fiber optic cable. Optical transceivers are used in telecommunications networks, radio systems and fiber optic systems for long distance signal transmission.
Market key trends:
The increasing demand for high speed data transfer and growth of data centers is driving the growth of the optical transceiver market. Optical transceivers offer faster transfer speed and large bandwidth which is important for seamless data transfer. Advancements in optical fiber technology with the introduction of small form-factor pluggable (SFP), 10 gigabit small form-factor pluggable (XFP) and enhanced small form-factor pluggable (SFP+) modules is also fueling the market growth. Another key trend is the development of optical transceiver modules which are meant for upgrading the older SFP ports to faster speeds of 40G or 100G.
SWOT Analysis
Strength: Optical transceivers offer high-speed data transmission over long distances with low power consumption and high reliability. They are increasingly being adopted for 5G backhaul networks and hyper-scaling of data centers.
Weakness: Frequent technological advancements require continuous R&D investments and upgrading of components. Incompatibility issues can arise when mixing transceivers from different manufacturers.
Opportunity: Widespread rollout of 5G networks and cloud services will drive massive demand for high-speed connectivity solutions. Emerging applications in automotive, industrial IoT, and healthcare also offer market opportunities.
Threats: Declining average selling prices due to intense competition can squeeze profit margins. Dependence on a limited number of chip vendors makes the industry vulnerable to supply chain disruptions.
Key Takeaways
The Global Optical Transceiver Market Size is expected to witness high growth, exhibiting CAGR of 12% over the forecast period, due to increasing deployment of 5G infrastructure and hyperscale cloud data centers.
Regional analysis
North America is expected to dominate the global optical transceiver market, supported by strong investments in 5G and data center build-outs. Asia Pacific is poised to be the fastest growing market, driven by the Chinese government’s plans to roll out tens of thousands of 5G base stations nationwide over the next few years.
Key players operating in the optical transceiver market are HUBER+SUHNER Cube Optics AG, II-VI Incorporated, Broadcom Inc., Accelink Technologies, Huawei Technologies Co. Ltd., Lumentum Operations LLC (Lumentum Holdings), Source Photonics (Redwood Capital), Sumitomo Electric Industries Ltd., Reflex Photonics Inc., and Fujitsu Optical Components Limited.
The global optical transceiver market size for 2023 is projected to reach US$ 11.28 million, registering a CAGR of 12% during the forecast period of 2023 to 2030.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemicals and materials, defense and aerospace, consumer goods, etc.
