Optical Receivers Market Report

Market Insights

The Optical Receivers Market is estimated to grow from USD xx million in 2020 to USD xx million by 2026 at a healthy CAGR of xx% during the forecast period.

Figure: Optical Receivers Market Size, 2020-2026 (USD Million)

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What is an optical receiver?

An optical receiver is a vital element of an optical communication system as it often determines the overall system performance. The function of the optical receiver is to detect the incoming optical power and extract the signal from it which is being transmitted, analog or digital.

Key Players

Key players operating in the optical receivers market are-

• Finisar (US)
• Avago (US)
• Sumitomo (Japan)
• JDSU (US)
• Lumentum (US)
• OpLink (US)
• Fujitsu (Japan)
• Source Photonics (US)
• NeoPhotonics (US)
• Emcore (US).

Market Dynamics

Rising usage of optical fibers as a medium for telecommunication and networking due to their flexibility and the ability to be bundled as cables is a key factor driving the product demand. Also, it is favorable for long-distance as light propagates through the fiber with little attenuation when compared to electrical copper cables. Moreover, rising data security concerns in telecommunication, further boost the market growth as optical fiber offers a level of improved security.

Segment's Analysis

Application Trends

Based on application, the optical receivers market is categorized into enterprise networks, data transmission networks, computer data transmission networks, broadband campus networks, and others. The data transmission network segment held a significant market share in 2020 and is estimated to register a healthy CAGR during the forecast timeline. Optical data transmission (ODT) provides a medium of sending data between moving objects without some of the drawbacks associated with radio-frequency and wired-communications methods. ODT mainly replaces the radio waves or electrical wires with a beam of light. The optical signal is transmitted to the optical receiver after traveling through the fiber, further bolstering the segment growth. 

Regional Trends

By region, the North American market accounted for the largest share in 2020 and is expected to grow at a substantial CAGR in the following years. This is mainly ascribed to the increasing adoption of optical fiber as a form of communication in the region. Also, stringent data security concerns coupled with the presence of major product manufacturers in the region, further proliferate the regional market growth.

COVID-19 Impact on Optical Receivers Market

The COVID-19 outbreak has moderately affected the optical receivers industry. The pandemic has turned the lives of people worldwide, with the number of cases increasing rapidly. Rising coronavirus cases across the globe resulted in stringent social distance and lockdown norms across the globe, which led to supply chain disruption, thus affecting the product demand.

Critical Questions Answered in the Report

• What are the key trends in the optical receivers market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the optical receivers market?
• What are the key strategies adopted by the major vendors to lead in the optical receivers market?
• What is the market share of the top vendors?

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Target Audience

Here is the list of the group of customers that the optical receivers market hopes to have the greatest opportunity to convert-

• Optical receivers vendors
• Optical receivers retailers
• Data Transmission Network companies
• Broadband companies

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