Global Optical Transceiver Market Is Estimated To Witness High Growth Owing To Increasing Internet Penetration Traffic And Growing Emergence Of New Wireless Technologies

 

Optical Transceiver Market

Overview:

Optical Transceivers convert electrical signals into light signals and vice versa, transmitting them at very high speeds over long distances. They are used to connect devices within a fiber optics network to each other and to other networks that use the same protocol. Optical transceivers come in different shapes and sizes, called form factors. The type of form factor needed depends on the data type, speed and distance required by a site network. There are a number of standards for the shape, electrical interface and optical interface of an optical transceiver module. The modules are typically hot-pluggable, making them easy to install and remove. An important feature of an optical transceiver is that the wavelengths at both ends of the device need to match in order for the optical signal to pass.

The Global Optical Transceiver Market size is estimated to be valued at US$ 10,048.1 Million in 2022 and is expected to exhibit a CAGR of 12.21% between 2023 and 2030.

Market Dynamics:

Rising product launches are is estimated to augment growth of the Global Optical Transceiver Market during the forecast period. For instance, a global provider of power and sensing solutions Allegro MicroSystems, Inc., introduces the A31315 sensor, in 2021. This sensor is a new addition to the 3DMAG family of rotary and linear magnetic-position sensors and it will offer high flexibility and performance. Moreover, rising complexity is anticipated to restrain growth of the global optical transceiver market during the forecast period.

Impact of COVID-19:

COVID-19 outbreak resulted in halting many business activities globally. The pandemic affected the growth of several markets. Strict lockdown measures had to be imposed in many regions. These restrictions had a negative impact on several sectors. These restrictions disrupted supply chains globally and also hampered trade activities. However, during the pandemic majority organizations were working remotely and this led to increase usage of internet and increased adoption of wireless technology. This resulted in increase in demand for optical transceiver. Thus, the pandemic had a positive impact on the growth of the Global Optical Transceiver Market.

Key Takeaways:

The Global Optical Transceiver Market is expected to witness robust growth, exhibiting CAGR of 12.21 % over the forecast period, due to increasing acquisitions by key players. For instance, Lumentum entered in an agreement for acquiring NeoPhotonics, in November 2021. This acquisition will strengthen their position in the global market.

North America is anticipated to witness robust growth in the global optical transceiver market during the forecast period, due to growing research and development activities and rising technological advancements.

Key Players Active In The Global Optical Transceiver Market Are Reflex Photonics Inc., Finisar Corp., Fujitsu Optical Components Ltd., Lumentum Holdings Inc., Smartoptics AS, Applied Optoelectronics Inc., Broadcom Inc., Texas Instruments Inc., Firecomms Ltd., Source Photonics, Firecomms Ltd., Shaoxing ZKTel Equipment Co. Ltd., Fujikura Co. Ltd., Phoenix Contact GmbH and Co. KG, and Murata Manufacturing Co. Ltd.

 

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