The global optical transceiver market is projected to grow from USD 7.0 billion in 2020 to USD 14.3 billion by 2026; it is expected to grow at a CAGR of 15.2% from 2021 to 2026. 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.

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The optical transceiver market for QSFP, QSFP+, QSFP-DD, and QSFP28 accounted for the largest share in 2020 and is expected to grow at the highest rate and dominate the market during the forecast period. The Quad small form-factor pluggable (QSFP) form factor of optical transceivers is designed for high performance and low power consumption, which makes them ideal for data center applications. With the advent of technological advancements, such as AI, machine learning, and 5G communication, data traffic is increasing, which creates a demand for high-scale data centers. Optical transceivers of QSFP form factors are also used across datacom/telecom switch & router connections, data aggregation and backplane applications, proprietary protocol, and density applications, among others, and are capable of high data transmission.

Among 800G transceivers, the QSFP modules have gained significant importance because of their low power consumption and high density, and their pluggable form factor is considered an excellent choice for data center connectivity. Therefore, the increment of data traffic creates opportunities for 100G, 200G, and 400G data transmission rates, which fuels the demand for optical transceivers operating on form factors such as QSFP, QSFP+, QSFP-DD, and QSFP28. Hence, the optical transceiver market for QSFP form factor is expected to grow at a faster rate during the forecast period.

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