The optical transceiver market is projected to reach USD 14.3 billion by 2026; it is expected to grow at a CAGR of 15.2% during the forecast period.The key factors fueling the growth of this market include increase in adoption of smart devices and rising data traffic, growth in demands of cloud-based services, rise in demand for compact and energy-efficient transceivers, and growth in the importance of mega data centers.

Optical Transceiver Market Dynamics
Driver: Rise in demand for compact and energy-efficient transceivers
The increasing demand for low-cost transceivers, due to energy-efficient characteristics, boosted their sales across telecom and data center applications. Currently, the smaller, cheaper, and energy-efficient optical transceivers have great demand in the market. Since the launch of the CFP module, various improvements in the technological segment have resulted in the development of compact form factors.


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Opportunity: Expansion of telecom infrastructure in developing economies
The expansion of telecommunication infrastructure will have a substantial effect on developing countries in a positive way. With the advent of IoT, AI, and Big Data, there is an increasing demand for smart devices and other connected applications. The interconnected technologies across telecommunication sectors play an important role in capturing, translating, and transferring data into meaningful information, which is crucial for the reinforcement of urban infrastructure.


Ethernet protocol was the largest market for optical transceiver in 2021.
Ethernet is the most common protocol adopted in an optical network as ethernet transceiver modules can support a wider range of transmission speeds, including 10 Mbps/100 Mbps/1000 Mbps and 10 Gbps/25 Gbps/50 Gbps/40 Gbps/100 Gbps/400 Gbps and is hence mostly adopted to implement local area network (LAN). The ethernet protocol held the largest share of the optical transceiver market in 2020.


Optical transceiver market for data center application is projected to have the highest share during the forecast period

The data center application is expected to account for the largest share of the market throughout the forecast period. Furthermore, the market for data center applications is expected to grow at highest CAGR during the forecast period. This growth in the market is due to factors such as transition toward cloud storage and increasing technological developments, including machine learning, artificial intelligence, and deep learning, which, in turn, increase the data traffic across networks, which create demand for high data rate transceivers for efficient data communication.

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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