The Future Looks Bright for Optical Transceivers
Market worth 6.87 Billion USD by 2022
The optical transceiver market is projected to be worth $6.87 billion by 2022, if a new market research report is to be believed. This report, which has the title, “Optical Transceiver Market by Form Factor (SFF, SFP, QSFP, CFP, XFP, and CXP), Data Rate (1G, 10G, 40G, and 100G), Distance, Wavelength (850nm, 1310nm, and 1550nm), Application (Telecom, Data Centre, and Enterprise), & Geography – Global Forecast to 2022”, projects the optical transceiver market to grow at a CAGR of 13.5% from 2016 to 2022.
The reason the optical transceiver market is doing so well is the high level of internet penetration and data traffic. There is a strong and ever increasing demand for smartphones and a range of other interconnected devices, which increases the pressure on the network. The general acceptance of cloud computing is another reason why the optical transceiver market is doing so well.
QSFP, QSFP+, QSFP14, and QSFP28 form factors collectively hold the largest share of the market
The QSFP, QSFP+, QSFP14, and QSFP28 form factors are expected to fare worse than other types of transceivers. Even so, they form the biggest share of the optical transceiver market. These transceivers are ideal for large scale transceiver applications such as in data centres, advanced computing applications, VoIP, high-speed data processing, and so on.
SFP+ and SFP28 form factors are rising in popularity
SFP+ and SFP28 transceivers are projected to grow pretty fast over the next 5 years through to 2022. These transceivers are used in a number of applications such as in data centres, cloud computing, and so on.
North America is the biggest market for optical transceivers
The United States and Canada are the biggest users of optical transceivers. There are a number of data centres and cloud service providers in the USA and Canada. Also, there is a huge demand for smartphones, tablets and VoIP equipment in this region. A number of data centres have sprung up across the USA and Canada to serve this huge market. As a result, the sales of optical transceivers have skyrocketed in the USA and Canada.
The biggest players in the optical transceiver market are Accelink Technologies Co., Ltd. (China), Finisar Corp. (U.S.), Oclaro, Inc. (U.S.), Sumitomo Electric Industries, Ltd. (Japan), Lumentum Holdings Inc. (U.S.), NeoPhotonics Corp. (U.S.), Foxconn Electronics Inc. (Taiwan), Fujitsu Optical Components Ltd. (Japan), Source Photonics Inc. (U.S.) and Reflex Photonics Inc. (Canada).