The Optical Transceiver Market is predicted to grow at a healthy CAGR in the forecast period (2020- 2027), states the latest Market Research Future (MRFR) report.
Rapid Expansion of Data Centers to Boost Market Growth
The rapid expansion of data centers that support streaming videos, social networking, cloud services, and online commerce will boost the market growth over the forecast period. Most large scale enterprises are increasingly reliant on cloud services. This is increasing the demand for high bandwidth and advanced networks that are likely to fuel market growth.
Emergence of New Wireless Technologies to offer Robust Opportunities
The emergence of new wireless technologies like ZibBee have added to the internet traffic by allowing easy connectivity for a wide range of devices which will offer robust opportunities to this market over the forecast period.
Eminent players profiled in the global optical transceiver market report include Finisar Corporation (U.S.), Lumentum Holdings Inc. (U.S.), Accelink Technologies Co., Ltd (China), Oclaro Inc. (U.S.), Sumitomo Electric Industries, Ltd. (U.S.), Foxconn Electronics Inc. (Taiwan), NeoPhotonics Corporation (U.S.), Fujitsu Optical Components Ltd. (Japan), Reflex Photonics Inc (Canada), Source Photonics, Inc (U.S.), among others. Other vendors include Smartoptics (Norway), Perle Systems (Canada), FS.COM (U.S.), Precision Optical Transceivers, Inc (U.S.), Broadcom Corporation (U.S.), Ruckus Networks (U.S.), Curvature (U.S.), GBC Photonics (Poland), AimValley B.V. (The Netherlands), integra optics (U.S.), Moog Protokraft (U.S.), PennWell Corporation (U.S.) PeakOptical (Denmark), Laird Technologies, Inc (U.S.), Into Networks B.V. (the Netherlands), Murata Manufacturing Co., Ltd (Japan), Sandstone Technologies Inc. (U.S.), among others.
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Lack of Network Connectivity to act as Market Restraint
The lack of network connectivity will act as a market restraint over the forecast period.
Rising Labor Cost
The rising labor cost will act as a market challenge over the forecast period.
Several industries have experienced the consequence of the COVID-19 pandemic and global optical transceiver market is no different. The pandemic had a noteworthy effect on the manufacturers of optical transceivers for supply chain disruptions and frequent lockdowns. Besides, geopolitical matters and economic slowdown have also limited market growth.
By fiber type, the multimode SFP will lead the market over the forecast period.
By data rate, the more than 100 Gbps segment will dominate the market over the forecast period.
By end user, the data centers segment will spearhead the market over the forecast period.
By form factor, the QSFP segment will have the lions share in the market over the forecast period.
By configuration, the optical transceiver market is segmented into full-duplex mode and half-duplex mode.
North America to Sway Optical Transceiver Market
North America will sway the market over the forecast period. The region being technologically advanced, increased advances in the field of optical networks, growing adoption of data centers, consequent volume of unstructured data, heavy investments in R&D from the key vendors, the growing need for mobile data via wireless connectivity, the presence of the world’s largest cloud providers and data centers in the US, demand for high data speed communication, and growing demand for 5G communication are adding to the global optical transceiver market share in the region.
VIAVI Solutions has launched Fusion JMEP 10, a small, smart form-factor pluggable (SFP+) Gigabit Ethernet optical transceiver for network test, turn-up, as well as performance monitoring up to 10 GbE.
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