ReportLinker recently published a research report on, the "Global Optical Transceivers Industry". According to the report, the Global Optical Transceivers Market was estimated at USD 9.3 Billion in 2022, and is projected to reach a revised size of USD 30.1 Billion by 2030, growing at a CAGR of 15.9% over the period 2022-2030.
Single-Mode, one of the segments analyzed in the report, is projected to record 12% CAGR and reach USD15.4 Billion by the end of the analysis period. Taking into account the ongoing post-pandemic recovery, growth in the Multimode segment is readjusted to a revised 21.8% CAGR for the next 8-year period.
The U.S. Market is Estimated at $2.5 Billion, While China is Forecast to Grow at 21.3% CAGR
The Optical Transceivers market in the U.S. is estimated at USD2.5 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of USD7.3 Billion by the year 2030 trailing a CAGR of 21.3% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.5% and 12.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 10.6% CAGR.
Food and fuel inflation will remain a persistent economic problem. Higher retail inflation will impact consumer confidence and spending. As governments combat inflation by raising interest rates, new job creation will slowdown and impact economic activity and growth. Lower capital expenditure is in the offing as companies go slow on investments, held back by inflation worries and weaker demand. With slower growth and high inflation, developed markets seem primed to enter into a recession. Fears of new COVID outbreaks and China’s already uncertain post-pandemic path poses a real risk of the world experiencing more acute supply chain pain and manufacturing disruptions this year. Volatile financial markets, growing trade tensions, stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced. Year 2023 is expected to be tough year for most markets, investors and consumers. Nevertheless, there is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.
Click here to read the report titled, "Global Optical Transceivers Industry".