In a recent published report, Kenneth Research has updated the market report for Third-Party Optical Transceivers Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Third-Party Optical Transceivers Market products.
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According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019. Additionally, exports of ICT services increased from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017. On the other hand, growing awareness amongst individuals for using the internet is also anticipated to contribute to the market growth. For instance, the total number of individuals using the internet grew from 8% of total population in 2001 to 49% of total population in 2017.
The demand for third-party transceivers is increasing on account of low costs offered to the consumers. The transceivers offered by Original Equipment Manufacturer (OEM) to the consumers are more expensive than third-party. For instance, the transceiver of Cisco 40GBASE-CSR4 QSFP+ is priced only USD 110 by “FS”, which is a key market player in third-party transceivers.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
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Further, third-party transceiver companies offer a wide range of transceivers with all forms factor at a low cost than OEMs. For instance, UNOPTIX offers 10G Copper SFP+ transceiver which has high demand in the data center application and is witnessing a dominating presence in the market due to less power consumption and convenient cost.
Additionally, Xtel Technologies offers optical transceivers including QSFP and QSFP28 majorly for data centers at a low price as compared to the original equipment manufacturers.
Moreover, increasing deployment of third-party transceivers in laboratory and manufacturing companies is estimated to drive the market growth during the forecast period. Companies are opting for third-party transceivers to reducing the costs on the expensive transceivers offered through OEMs.
Increase in the number of key players offering third-party transceivers is further estimated to fuel the market growth over the forthcoming years. A large number of third-party offer transceivers offer transceivers at a low cost and convenient customer support include SOPTO, ETU-Link Technology, curvature, EDGE Technologies Ltd, Huihong Technologies, Optcore, TXO Optics, UNOPTIX, DataLight Optics Inc and Xtel Technologies.
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