Technavio predicts the global optical transceiver market to grow steadily at a CAGR of almost 14% during 2020-2024. One of the primary drivers for this market is the migration from copper wires to optic fibers. Optic fibers are light in weight, cost-effective, non-flammable, and can carry higher bandwidths when compared to copper wires. This has increased the use of optic fibers among end-users which is creating the need for various optic fiber components, including optical transceivers. Therefore, the shift toward the use of optic fibers is expected to fuel the growth of the global optical transceivers market during the forecast period. Download Free Sample Report with COVID-19 Impact Analysis
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Technavio has announced its latest market research report titled Global Optical transceiver Market 2020-2024 (Graphic: Business Wire)
The global optical transceiver market is a part of the global electronic components market. The global electronic components market includes manufacturers of connectors, electron tubes, electronic capacitors and resistors, electronic coil, printed circuit board (PCB), transformer and other inductors, signal processing technology/components, and lighting products. Our research reports provide a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
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Technavio’s reports are aimed at providing key insights on optical transceiver markets by identifying the key drivers, trends, and, challenges that are impacting the overall electronic components market. The research analyses the impact on these factors on the optical transceiver markets, for the present market scenario and over the forecast period. Technavio’s reports provide a comprehensive analysis on the vendors and their offerings, major growth strategies adopted by stakeholders, and the key happenings in the market.
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Electronic Components Market: Segmentation
Electronic components, the parent market, includes the global optical transceiver market within its scope and it is further segmented into multiple sub-segments. Technavio’s reports identify the high growth areas and opportunities for vendors operating in each sub-segment of the global optical transceiver market. The market is segmented as follows:
- Passive components
- Electromechanical components
- Printed Circuit Boards
- Telecom and IT
- Consumer electronics
- Automotive electronics
- Military and aerospace
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Electronic Components Market: Geographic Segmentation
The global electronic components market has been analyzed across key geographical regions to identify region level market dynamics, developments, and the key growth countries for the forecast period. The regional level analysis identifies the market shares, growth momentum, and key leading countries in the market, which include (but are not limited to) the following:
- North America (NA)
- South America (SA)
- Asia Pacific (APAC)
- Middle East and Africa (MEA)
Technavio’s industry coverage utilizes multiple sources and tools to gather information of the multiple stakeholders and their offerings towards the market. Sources such as company websites, annual reports, whitepapers, subscription & in-house databases, industry journals, publications, and magazines are used in addition to other relevant sources. The vendor landscape provides a framework to estimate the health care supplies market, while also categorizing the vendors into pure-play, category-focused, or diversified based on their offerings. All market reports provide the key and contributing players across the value chain based on in-house influence index, developed using multiple industry and market parameters.
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
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