Optical Transceiver Market Size, Share and Industry Trends to 2026

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.

Optical transceivers play a pivotal role in the transmission of data within and between networks. These compact devices convert electrical signals into optical signals and vice versa, enabling seamless communication across vast distances. By utilizing fiber optic cables, optical transceivers facilitate high-speed data transmission, offering advantages such as increased bandwidth, lower latency, and immunity to electromagnetic interference.

Key Factors Driving the Market:

Several factors are driving the growth of the optical transceiver market. Firstly, the exponential growth in data consumption, fueled by the proliferation of smartphones, IoT devices, cloud computing, and streaming services, has created an unprecedented need for faster and more efficient data transmission. Optical transceivers provide the necessary infrastructure to support this ever-increasing demand for bandwidth.

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Secondly, the deployment of 5G networks is expected to have a significant impact on the optical transceiver market. With 5G technology enabling faster and more reliable wireless communication, optical transceivers will be crucial in connecting cell towers and data centers, ensuring seamless connectivity and low-latency transmission.

Furthermore, the ongoing expansion of cloud computing, data centers, and hyperscale networks is driving the need for high-capacity and energy-efficient optical transceivers. These devices enable the efficient transfer of massive amounts of data, supporting the growing demand for cloud services and big data analytics.

Market in APAC estimated to grow at the fastest rate during the forecast period

APAC is expected to adopt optical transceivers at a fast rate driven by Increasing investment in 4G and 5G networks by telecommunication companies, such as China Broadcast Network (China), Rakuten (Japan), and Dito Telecom (Philippines), is expected to be the key driver for the market in APAC. Other factors such as the increasing internet penetration and an increase in the number of smartphone and other smart device (such as home assistants, IoT-based home security systems, and gaming consoles) users eventually increase the data traffic in data centers, providing an opportunity for high data rate optical transceivers throughout the APAC region. Moreover, it increases the expansion of hyper-scale data centers across the region, boosting the growth of the market. Additionally, three major internet companies in China—Baidu, Alibaba, and Tencent (BAT), are expanding their data centers across the Asian territory. Hence, the increasing expansion of data centers and advanced communication technologies are expected to drive the optical transceiver market in this region.

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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