LONDON--(BUSINESS WIRE)--The global optical transceiver market size is expected to grow by USD 4.71 billion during 2020-2024. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. We expect the impact to be significant in the first quarter but gradually lessen in subsequent quarters – with a limited impact on the full-year economic growth.
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The use of electrical impulses in copper fiber to transmit data over long distances causes distortion of data due to large attenuations. These wires involve security issues as they can be easily tapped. This is leading to an increase in the demand for non-flammable and lightweight optic fibers as they carry higher frequency ranges and are less expensive in comparison to copper fiber wires. Optic fibers use light pulses that prevent any power loss and are extremely durable. They are less susceptible to temperature fluctuations and are not affected by radio frequency interference. This is encouraging datacom, telecom, and enterprises to migrate from copper wires to optic fibers to transmit data. Thus, the growth of the migration from copper wires to optic fibers will boost the optical transceiver market growth during the forecast period.
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As per Technavio, the emergence of IoT will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.
Optical Transceiver Market: Emergence of IoT
The growing use of video and audio content by individuals through smartphones and increased number of IoT applications has led to an increase in the demand for high-speed data connections. This propels the need for network functions virtualization (NFV), virtualization software (software-defined networking), network infrastructure, and data centers. Optic fibers and transceivers are extensively used in these infrastructures for networking hardware installations to send and receive data. Thus, with the emergence of IoT, the market for optical transceivers is expected to showcase a positive outlook during the forecast period.
“Factors such as the migration of OTNs toward WDM architecture and transition toward Ethernet fiber optics will have a significant impact on the growth of the optical transceiver market value during the forecast period,” says a senior analyst at Technavio.
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Optical Transceiver Market: Segmentation Analysis
This market research report segments the optical transceiver market by end-user (datacom, telecom, and enterprise) and geographic landscape (APAC, Europe, MEA, North America, and South America).
The APAC region led the optical transceiver market in 2019, followed by North America, Europe, MEA, and South America respectively. During the forecast period, the APAC region is expected to register the highest incremental growth due to factors such as increasing Internet penetration and use of cloud-based services among small- and medium-sized enterprises (SMEs).
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Some of the key topics covered in the report include:
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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