The Report Global Optical Transceivers Market: Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2024 gives a detailed analysis on the global market for optical transceivers. The report contains analysis of the supply chain and their in-depth reports of vendors. The report clearly talks about the various stakeholders and their financial health, business units, key business priorities, SWOT and strategies. The report brings a complete trend on the latest trend, current market scenario, government and technology related to the global market. The report will help the investors understand various revenue opportunities. The top players in the global market for optical transceivers are Finisar Corporation, Oclaro, Inc., Mellanox Technologies, Applied Optoelectronics, Inc., Lumentum Operations LLC, Sumitomo Electric Industries, Fujitsu Optical Components, Broadcom, Source Photonics, and APRESIA Systems, Ltd.
Optical transceivers use optical fibers to send and receive data and information. It is an integrated circuit (IC) which uses optical fiber rather than electrical wires. Also called as fiber optic, is useful in providing high speed internet access. These are very helpful in fiber to the premises (FTTP) services where the fiber runs from the central hubs to the users. Apart from internet, these transmitters are used for telephonic communication and digital television broadcasts. Users prefer using optical transceivers to ethernet or electrical wires for internet and other services due to the high data transfer rate which is almost thousand times faster than the traditional methods. They find their use in LANs, WANs and in optical computers to name a few.
For proper functioning network, these optical fibers play a pivotal role. They transport information at very high speeds and thus have great demand in the market. Reduced costs of transfer of data has propelled the growth of this market. Other transmitter devices come with high maintenance costs unlike optical fibers which makes it a desirable mode. Other benefits which are the growth factors in the market are large bandwidth, improved traffic management due to high speed and speedy updating of data center networks.
The demand will continue growing due increasing internet adoption which is the primary driver. Increase in the demand for communication devices like mobiles, tablets, and wearables are other reasons for growth. However, increasing labour costs is a limiting factor restricting the growth of the market. Since the rising of 4G and 5G requires higher bandwidth which only optical fibers can provide, this is said to positively impact the market. Region wise, North America is the most attractive market due to advanced communication network. North America is followed by Europe and Asia Pacific.
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Ankur Gupta, Head Marketing & Communications