Optical Transceiver Market size is likely to expand at a 15.3% CAGR which will help the market reach a final market valuation worth USD 27.13 billion by the end of the period in 2030.
A small, powerful device that transmits and receives data is known as an optical transceiver. In networking visual communication, the information is sent through an optical fibre in the form of pulses of light. The transceiver plays an important role in such a network as it converts electrical signals to light signals and vice versa. It depends on the type of data transported, speed, and distance. There are various transceivers for various tasks.
The optical transceiver market is set to increase during the ongoing forecast period of 2020-2030. During the current period, 2017-to 2023, the Optical Transceiver Market size is likely to grow at a CAGR of 15.3%, which will help the market reach a market valuation worth USD 27.13 billion by the end of the projected period in 2030. The main factors driving the optical transceiver market are a rush in data traffic and increased internet usage. The share of the optical transceiver market will increase during the ongoing, expected period of 2020-2030.
The increase in the distribution of VoIP, LTE, and 5G networks is anticipated to develop the optical transceiver market. Yet, high investment linked with visual cable networking act as the main restraint for the growth of the optical transceiver market. The rise in the adoption of AI and IoT is likely to provide remunerative opportunities for the market's growth during the predicted period.
The optical transceiver industry has been significantly affected by the COVID-19 outbreak across the world. The production and supply chain was greatly interrupted due to strict lockdowns imposed by the government to stop the virus from spreading.
COVID 19 Analysis
The pandemic was a tough time for most of the production and manufacturing units belonging to various businesses, companies, and entities. The global market’s supply and demand chain mechanism was also hampered due to the lockdown and strict restrictions imposed to curb the spread of the pandemic. However, the government is intervening by enhancing the availability of investment by increasing their contribution and also simplifying the rules and regulations in favor of the growth of the global market services and operations during the forecast period that ends in 2023.
Optical Transceiver Market Dynamics
The optical transceivers that are available with QSFP, and QSFP+ have a major role to play while rendering their support to a huge rate of data transmission like 100G, 200G, alongside 400G amongst others. Hence, this is pushing for major growth in the demand quantum for high data rate transceivers which will also present the market segments with exceedingly well opportunities to target and grow during the forecast period that ends in 2023.
The deployment of the services and infrastructure rendered by the global market operations during the forecast period that ends in 2023 requires a huge requirement of investment and capital. The non-availability of the same with the hesitation amongst the target financers and investors is likely to present major growth restraints to the market during the ongoing forecast period that will be ending in 2023.
The optical transceivers that are available in the market with Quad small form-factor pluggable (QSFP) form in the global market have been designed to ensure high performance alongside promising a low power consumption. These factors make their idea to be used across a series of data center applications. The market is witnessing the advent of technological advancements like the rapid growth and demand for artificial intelligence and machine learning. This is backed by the availability of 5G connections and the increased amount of data traffic which promises the creation of a high demand related to the widescale data centers during the forecast period that ends in 2023.
Optical Transceiver Market Segmentation
The optical transceiver market has been divided all across the globe based on the fiber type, data rate, end-user, form factor, and configuration.
Based on the Type
Based on the Data Rate
Based on the End-User
Based on the Form Factor
Based on the Configuration
Optical Transceiver Market Regional Analysis
The optical transceiver market has been divided all across the globe based on the region into North American region, European region, Asia-Pacific region, Latin American region, and the Middle East and African region. The largest market share in the optical transceiver market all across the globe is held by the North American region owing to increasing advancement in technology in this region. Moreover increasing research in the field of optical networks drives the market demand towards this region.
The second-largest market share in the optical transceiver market all across the globe is held by the European region owing to the growing adoption of the consequent volume of unstructured data coupled with the establishment of various data centers drives the market demand.
Being the fastest-growing region, the third-largest market share in the optical transceiver market is held by the Asia-Pacific region owing to the presence of various giant market players in this region. An increase in per capita disposable income is another contributing factor in higher market growth.
The least market share is held by the Latin American region and the Middle East and African region owing to the presence of low infrastructure in both these regions. Low per capita disposable income is another contributing factor that restricts the market growth in these regions.
The most prominent major key players in the optical transceiver market all across the globe are mentioned below:
These major key players use various strategies to sustain their market position in the optical transceiver market in the global market by going for mergers, and acquisitions, by collaborating, establishing a partnership, developing a new production process, setting up a new joint venture, developing a new product line, innovation in the existing product, and many others to expand their customer base in the untapped market of the optical transceiver all across the globe.
The Year 2021
Fujitsu Optical Components Ltd. (Japan) spends a huge sum of money on research and development to get an upper edge over its competitors. This will help the company in increasing its sales volume.
This global optical transceiver research report consists of the following elements mentioned below:
This market research report contains factors that drive the growth of the optical transceiver market in the global market along with the factors that restrict its growth in the global market. The technical analysis during the forecasted period is mentioned. The impact of COVID 19 on the optical transceiver market all across the globe is mentioned. The future growth rate in the optical transceiver market during the forecasted period is discussed.
Consulting agencies, research firms, government firms, system integrators, OEMs, optical component manufacturers, semiconductor equipment manufacturers, raw material suppliers, and many others.
|Market Size||USD 27.13 billion 2030|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Fiber Type, Data rate|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||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.)|
|Key Market Opportunities||The Optical Transceiver Market is experiencing several opportunities in the introduction of cheaper and efficient transceivers, and growth in the commercialization of internet of things.|
|Key Market Drivers||The major factors driving the growth of Optical Transceiver Market include the increasing internet data traffic, growing demand for smartphones and other smart devices, and growing adoption of cloud-based services.|
The worldwide market of optical transceiver can surge at 15%^ CAGR and attain USD 27.13 billion by 2030.
Lumentum Holdings Inc. (U.S.), Oclaro Inc. (U.S.), and Accelink Technologies Co., Ltd (China) are some well-established optical transceiver market players.
Multimode SFP and single-mode SFP are fiber that are used in optical transceiver.
Full-duplex mode and half-duplex are two major configurations of optical transceiver.
The US boating of its strong technical base can support the optical transceiver market expansion in North America.