New Research: Lucintel Predicts a Bright Future for the Optical Tarnsceiver Market

Did you know that Lucintel recently published a market research report entitled “Growth Opportunities in the Optical Tarnsceiver Market”?

This market report for optical transceiver identifies and predicts future opportunities for growth in optical transceiver industry for various segments as well as for various regions such as North America, Europe, Asia Pacific, and the Rest of the World. It also identifies growth opportunities for optical transceiver in the telecom, enterprise, and data center industries.

According to Lucintel’s market report, the optical transceiver market is expected to grow with a CAGR of 13% from 2019 to 2024. Some of the dominant players in the optical transceiver market are inisar Corp., Accelink Technologies Co., Lumentum Holdings (Oclaro, Japan Inc.), Sumitomo Electric Industries, Foxconn Electronics, Neophotonics, Fujitsu Optical Components, Reflex Photonics, and Source Photonics.

There are some interesting developments in optical transceiver market as competition heats up and players try to increase their market share. Some of the major drivers for this market are increasing internet penetration and data traffic, growing demand for smartphones and other connecting devices, and mainstream adoption of cloud computing.

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