COVID-19: Optical Transceiver Market 2020-2024 | Migration From Copper Wires To Optic Fibers to boost the Market Growth | Technavio
Technavio has been monitoring the optical transceiver market and it is poised to grow by $ 4.71 bn during 2020-2024, progressing at a CAGR of almost 14% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Optical transceiver Market 2020-2024 (Graphic: Business Wire)
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio's in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. We offer $1000 worth of FREE customization
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Broadcom (News - Alert) Inc., Ciena Corp., Fabrinet, Fujikura Ltd., Furukawa Electric Co., Ltd., II-VI Inc., Lumentum Holdings Inc., NeoPhotonics Corp., Sumitomo Electric Industries Ltd., and Texas Instruments (News - Alert) Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Migration from copper wires to optic fibers has been instrumental in driving the growth of the market. However, deployment issues of fiber optic infrastructure might hamper market growth.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. Download a Free Sample Report on COVID-19 Impacts
Optical transceiver Market 2020-2024: Segmentation
Optical transceiver Market is segmented as below:
Optical transceiver Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The optical transceiver market report covers the following areas:
This study identifies the emergence of IoT as one of the prime reasons driving the optical transceiver market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
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Optical transceiver Market 2020-2024: Key Highlights
Table of Contents:
Five Forces Analysis
Market Segmentation by End-user
Drivers, Challenges, and Trends
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