Communication World Network News (CWW) Recently, LightCounting, a market research organization for the optical communication industry, released the latest market forecast.
LightCounting pointed out that the optical communications industry entered 2020 with very strong momentum. Demand for DWDM, Ethernet, and wireless fronthaul connections surged in late 2019, and in 2020 and 2021, as the COVID-19 pandemic accelerates a major shift in learning and working from home, the need for faster, more ubiquitous, and more reliable networks intensifies . While supply chain shortages continue, the industry has been able to overcome them to a large extent, with the optical transceiver module(SFP) market experiencing strong growth in 2020 and 2021, as shown in the chart below.
LightCounting believes that after the optical transceiver module market has grown by 17% and 10% in 2020 and 2021, respectively, it is expected to achieve strong revenue growth again in 2022, with an expected 14%. However, it is expected to slow to 4% in 2023 before recovering in 2024-2025.
