Optic transceiver is a device that uses fiber optic technology to send and receive data. Optical transceiver has electronic components to encode or decode data into light pulses and then send them to the other end in the form of electrical signals. Optical transceivers are used in local area network (LAN) and wide area network (WAN) for homes, businesses, academic institutions, and government agencies.
Major factor driving growth of the global optical transceivers market is increasing number of network connected devices across the globe. Additionally, growing data center applications, cloud computing, and low costs associated with deployment and maintenance of optical transceivers are other factors expected to fuel growth of the target market over the forecast period. Also, development of small and energy efficient transceivers is expected to generate lucrative opportunities for prominent venders in the market to increase their revenue share and presence over the forecast period. However, continuous optimization of component size creates challenge for manufacturers in the global market over the forecast period.
Major and growing trend in the market is growing adoption of cloud computing, 4G, and 5G networks across the globe. This factor is expected to drive growth of the global market over the forecast period.
The global optical transceivers market is segmented on the basis of type, application, and region. On the basis of region, the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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North America market accounted for highest share in terms of revenue in the global market, as compared to that of markets in other regions. This can be attributed to increasing penetration and growing demand for data communication in the region. The market in Asia Pacific is expected to witness considerable growth and is expected to register highest CAGR over the forecast period owing to increasing demand for smartphones, laptops, tablets, and other network connected devices in countries such as China, India, etc.
Prominent players in the global optical transceivers market include Finisar Corporation, Accelink Technologies Co., Ltd., Lumentum Holdings Inc., Oclaro, Inc., Foxconn Electronics Inc., Source Photonics, Inc., NeoPhotonics Corporation, Reflex Photonics Inc., Oplink Communications, Inc., and Huawei Technologies Co. Ltd.