Optical Transceiver Market Forecast 2024-2033: Growth Rate, Drivers, And Trends

The Optical Transceiver Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Optical Transceiver Global Market Report 2024, The optical transceiver market size has grown rapidly in recent years. It will grow from $10.06 billion in 2023 to $11.54 billion in 2024 at a compound annual growth rate (CAGR) of 14.7%. The growth in the historic period can be attributed to internet expansion, bandwidth demand, upgrade to higher data rates, telecommunication network upgrades, fiber optic network deployments, data center expansion.

The optical transceiver market size is expected to see rapid growth in the next few years. It will grow to $20.06 billion in 2028 at a compound annual growth rate (CAGR) of 14.8%. The growth in the forecast period can be attributed to focus on energy efficiency, advancements in silicon photonics, expansion of smart cities, global increase in broadband access, enhanced security and encryption requirements. Major trends in the forecast period include pluggable optical modules, advancements in optical connectivity, wavelength division multiplexing (wdm), long-reach and metro networks, edge computing deployments.

Increasing data traffic is expected to propel the growth of the optical transceiver market going forward. Data traffic, also known as network traffic, is the volume of data traveling over a computer network at any time that is divided into data packets and transmitted over the network before being reassembled by the receiving device or computer. Optical transceiver devices are used in high-data-traffic environments for transmitting and receiving data from one network to another. For instance, in 2021, according to the World Bank report, global internet traffic exceeded 3 zettabytes, or 3,000,000,000,000 gigabytes (GB) in 2020. Further, in 2022, data traffic exceeded 150,000 GB per second, a 1,000-fold increase from 156 GB in 2002. Therefore, the increase in data traffic drives the growth of the optical transceiver market.

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The optical transceiver market covered in this report is segmented –

1) By Type: Single Mode Fiber, Multimode Fiber

2) By Protocol: Ethernet, Fiber Channel, CWDM and DWDM, FTTx, Other Protocols

3) By Connector: LC connector, SC connector, MPO connector, RJ-45

4) By Wavelength: Long-range, Extended-range, Short-range

5) By Application: Data Centers, Telecommunication

Technological innovation is a key trend gaining popularity in the optical transceiver market. Major companies in the optical transceiver sector are focused on innovating their products to improve their observation power and sustain their position in the market. For instance, in March 2023, Quantifi Photonics, a New Zealand-based optical component company introduced O-band Coherent Optical Receiver and VISIQ Coherent Signal Analysis Software. Quantifi Photonics’ O-band coherent optical receiver uses inter-datacenter coherent optical technology that offers a cost-effective and energy-efficient alternative to current intensity modulation direct detect (IMDD) technology for the transfer of a large volume of data between data centers that can be distant up to 120 km due to its inherent bandwidth-distance efficiency.

The optical transceiver market report table of contents includes: