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Optical Transceiver Market Report 2023-2030: Increase in the Need for Compact and Energy-efficient Transceivers Driving Global Market GrowthDUBLIN, Jan. 23, 2024 /PRNewswire/ -- The "Global Optical Transceiver Market 2023 - 2030 by Fiber Type, Connector, Distance, Protocol, Form Factor, Data Rate, Wavelength, Application, and Global Growth Driver - Partner & Customer Ecosystem Competive Index & Regional Footprints" report has been added to ResearchAndMarkets.com's offering.
The global Optical Transceiver Market is poised for remarkable growth, with predictions estimating an increase from USD 10.2 Billion in 2022 to an impressive USD 31.4 Billion by 2030. This burgeoning progress reflects a healthy CAGR of 15.3% from 2023 to 2030. Several key drivers underpin this market expansion, including the imperative for compact and energy-efficient transceivers, which has gained significant impetus due to the industry's demand for streamlined, high-performance data transmission solutions. Increase in the need for compact and energy-efficient transceivers driving the global market growth The market is witnessing an escalating demand for economical transceivers due to their energy-efficient attributes, especially in telecom and data center applications. Advancements in technology have led to the development of compact form factors such as the CFP module, further propelling market growth. The industry requires optical transceivers that can handle increased port density and efficient power utilization, thus favoring the low-cost transceiver segment. Energy-efficient solutions like those offered by industry players, for example, budget-friendly SFF optical transceiver modules for data centers, support the continued market expansion. Research and development efforts are intensifying to meet the diverse requirements of metro networks, data center interconnects, and long-haul scenarios ensuring compatibility with complex network infrastructures. The Surge in Demand for High-Speed Data Transmission in India Catalyzes Market Growth Robotic Automation in North America Spurs Optical Transceiver Adoption Insightful Segmentation and Regional Analysis of Optical Transceiver Market
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For more information about this report visit https://www.researchandmarkets.com/r/xnq7cf About ResearchAndMarkets.com Media Contact: Research and Markets Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg View original content:https://www.prnewswire.com/news-releases/optical-transceiver-market-report-2023-2030-increase-in-the-need-for-compact-and-energy-efficient-transceivers-driving-global-market-growth-302042229.html SOURCE Research and Markets |