Optical Transceivers Are Fueling The Growth Of The Optical Transceiver Market
Optical Transceiver Market The global Optical Transceiver Market is estimated to be valued at US$ 11.28 Mn or Million in 2023 and is expected to exhibit a CAGR of 12. % over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Optical transceivers are used in fiber optic communication networks to transmit and receive digital signals encoded as light pulses. They convert electrical signals to optical signals and vice versa. Optical transceivers provide high-speed data transmission with low error rates over long distances through optical fibers. Market key trends: One of the key drivers of the optical transceiver market is the exponential growth in data traffic driven by increasing internet penetration, widespread adoption of smart devices, and emergence of new technologies such as virtual/augmented reality and Internet of Things (IoT). With growing data consumption, there is a need to augment the capacity ...