Rise in demand for compact and energy-efficient transceivers - Optical Transceiver Market

The optical transceiver market is projected to grow from USD 7.0 billion in 2021 to USD 14.3 billion by 2026; it is expected to grow at a CAGR of 15.2% during the forecast period. Owing to COVID-19, the optical market is estimated to face headwinds for 2021–2022. The increase in adoption of smart devices and rising data traffic is providing growth for optical transceivers. 

The increasing demand for low-cost transceivers, due to energy-efficient characteristics, boosted their sales across telecom and data center applications. Currently, the smaller, cheaper, and energy-efficient optical transceivers have great demand in the market. Since the launch of the CFP module, various improvements in the technological segment have resulted in the development of compact form factors. Data centers and enterprises require longer reach and high rates of data transmission, which led to an increase in port density and efficient power consumption. This is enough to increase the market growth for low-cost optical transceivers.

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 The surge in demand for low-cost transceivers boosted the market for this segment with offerings from recognized players, such as Broadcom (US) that offers cost-effective SFF optical transceiver modules for data center applications, Lumentum (US) offers SFP+ optical transceiver modules for metro networks, Accelink (China) offers multi-channel 100/400G optical transceivers for datacom application.

 

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.

The key players in the optical transceiver market include II-VI (US), Broadcom (US), Lumentum (US), Sumitomo Electric industries (Japan), Accelink (China), Smartoptics (Norway), Infinera (US), Fujitsu optical Components (Japan), Hisense Broadband (China), Huawei (China), Innolight (China), Ciena (US), Mellanox (US) (the company was acquired by Nvidia in April 2020), Applied Optoelectronics (US), Amphenol (US), Intel (US), NEC (Japan), Cisco (US), NeoPhotonics (US), Perle Systems (Canada), FOCI (Taiwan), Source Photonics (US), Solid Optics (US), Eoptolink (China), and Reflex Photonic (Canada) (the company was acquired by Smiths Interconnect (US) in November 2019). uSenlight (Taiwan), and Precision Optical Transceivers (US), POET Technologies (US), ProLabs (US), Elenion Technologies (US), HRB Technologies (India), and Alpine Optoelectronics (China) are few startup companies that provide such type of transceivers.

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