Fiber transceivers are devices used to transfer critical information over different communication channels in optical communication. Fiber transceivers act as a single module for data transmission. No additional transmitter and a receiver is required when fiber transceivers are used.
Increasing initiatives of various governments to digitalize various sectors is expected to boost growth of the global fiber transceiver market over the forecast period. For instance, in December 2019, Asia Pacific Economic Cooperation (APEC) unveiled an action plan to boost the digitalization of small and medium-sized enterprises (SMEs) in APEC economies. Moreover, increasing number of internet subscribers and growing data traffic is also expected to propel growth of the market. For instance, according to Telefonaktiebolaget LM Ericsson, global mobile data traffic is expected to reach 38 exabytes per month by the end of 2019, and increase to 160 exabytes per month in 2025.
Increasing demand for smartphones & other connected devices in emerging economies is expected to contribute to growth of the global fiber transceiver market. For instance, Huawei sold 65.8 million smartphones in the third quarter of 2019, which was an increase of 26%, year over year. Moreover, increasing adoption of cloud computing is also expected to fuel growth of the market. For instance, according to Gartner, Inc., the worldwide public cloud services market was valued at US$ 227.8 billion in 2019, and is expected to witness 17% growth to reach US$ 266.4 billion in 2020.
However, in fiber optic communication, light emitting sources are limited to low power and integration of high power emitters leads to extra cost. Moreover, optical fibers are more vulnerable to damage compared to copper wires. Such factors are expected to hinder growth of the global fiber transceiver market.
R&D in optical fibers is expected to offer lucrative growth opportunities for market players. For instance, in October 2019, researchers from School of Electronic Engineering, Dublin City University, reported use of Density-Based Spatial Clustering of Applications with Noise (DBSCAN) algorithm for blind nonlinearity compensation. DBSCAN was tested experimentally in a 40 Gb/s 16 quadrature amplitude-modulated system at 50 km of standard single-mode fiber transmission.
Key Takeaways
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