Optical Transceiver Market
Global Optical Transceiver Market By Form Factor (SFF and SFP, SFP+ and SFP28, Others) By Data Rate, By Distance, By Application, By Wavelength, By Geographic Scope And Forecast
According to Verified Market Research, The Global Optical Transceiver Market was valued at USD 4.11 Billion in 2018 and is projected to reach USD 11.14 Billion by 2026, growing at a CAGR of 13.46% from 2019 to 2026.
Optical transceivers are defined as the devices that are used in optical communication in order to transfer critical information over different communication channels including the Ethernet. The optical transceiver has a similar operation to that of the radio or a telephone system as it acts as a single module to transmit and receive the information. Optical transceivers are capable of handling all storage, data, voice and video traffic whether linking rack to rack, bottom to the top of the rack, data center to data center or enterprise networks to the network. Benefits offered by optical transceiver includes space saver along with no requirement of the additional transmitter and a receiver.
Factors such as growing internet penetration & data traffic, increasing demand for smartphones & other connecting devices followed by increased adoption of cloud computing have been fueling the growth of the global optical transceiver market. On the other hand, growing complexity in the network might hamper the overall market at a global level. The increase in internet penetration traffic led to a greater adoption and rise in sales of optic fiber cables due to which there is demand for optical transceivers, leading to the growth of the market. Also, the emergence of high-speed FTTH service will raise the demand for fiber optics and fiber optic cables, which will subsequently generate demand for optical transceivers as they are used in bi-directional data transmission in a single fiber.
However, the high initial investments for deploying optical networks is a major factor hindering the growth of the optical transceiver market.
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