Optical Transceiver Market Set for Strong Growth with Rising Demand for High-Speed Data Transmission

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.

With the rising need for high-speed data transmission in data centres, telecommunication networks, and other applications, the global market for optical transceivers is expanding quickly. Electrical signals are transformed into optical signals and vice versa using optical transceivers, which are electronic devices. They are utilised for data transmission and reception in fibre optic communication networks. As more businesses use fibre optic networks for their data transmission needs in the upcoming years, the market for optical transceivers is anticipated to expand rapidly.

Market Drivers:

The rising need for high-speed data transmission is one of the main factors driving the optical transceiver industry. Data transmission through networks has dramatically grown as a result of the emergence of big data, cloud computing, and the Internet of Things (IoT). Due to this, there is an increasing need for optical transceivers, which can carry data more quickly than conventional copper-based networks.

Another driver of the market is the increasing adoption of fiber optic networks. Fiber optic networks offer several advantages over traditional copper-based networks, including higher bandwidth, longer distances, and greater reliability. As more companies adopt fiber optic networks for their data transmission needs, the demand for optical transceivers is expected to grow.

Download PDF Brochure @ 

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=161339599

Market Challenges: 

One of the challenges facing the optical transceiver market is the high cost of these devices. Optical transceivers are more expensive than traditional copper-based transceivers, which can make them less attractive to companies with limited budgets. However, the benefits of optical transceivers, including higher speeds and greater reliability, often outweigh the higher cost.

The shortage of qualified technicians is another issue the business is now facing. It can be challenging for businesses to find competent personnel since optical transceivers require specialised knowledge and experience to install and maintain. This may prevent certain businesses from adopting the technology.

Market Trends:

The growing use of pluggable optical transceivers is one trend in the optical transceiver market. Pluggable optical transceivers are small, hot-swappable components that are simple to install and remove from switches and routers in a network. They provide more flexibility and scalability than conventional transceivers, among other benefits.

The creation of faster optical transceivers is another market trend. Companies are creating optical transceivers that can transport data even faster than present devices as the demand for high-speed data transmission keeps rising. This covers transceivers at 400G and 800G, which should be more commonly accessible in the upcoming years.

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)

Know more @ https://www.marketsandmarkets.com/Market-Reports/optical-transceiver-market-161339599.html

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441