LC's Forecast: Global Ethernet Transceiver Market Will Usher in a 40% Surge by 2024!
Recently, LightCounting (LC), a leading global market research firm, released its latest High Speed Ethernet Optics Report, which provides in-depth analysis and forecasts of future trends in the Ethernet transceiver market.
Ethernet Transceiver Market Is Expected To Witness Significant Growth
According to LC global Ethernet transceiver sales are forecast to grow by 40% in 2024, and this growth rate will remain above 20% through 2025. The market will continue to maintain its double-digit growth momentum into 2026-2027. This positive market expectation has certainly created a great deal of confidence and anticipation among Ethernet transceiver suppliers.
Figure 1: Ethernet Market Growth Rate (sourcing from LightCounting)
Over the past few years, the Ethernet transceiver market has experienced some volatility and challenges. In particular, the market was in a downturn at the end of 2019 and 2022 due to reduced spending by cloud computing companies. However, with the surge in demand for Ethernet transceivers from tech giants such as Google and NVIDIA, the market gradually revitalized and achieved single-digit growth in 2023.
LC has once again raised its forecast for 400G/800G transceiver sales in this report, showing optimism for future market growth. These high-speed transceivers are becoming increasingly popular and sought after by the market as key components of data center and network infrastructure.
Market Growth May Face Challenges, but Long-Term Outlook Remains Positive
On the contrary, with the continuous upgrading and expansion of global network infrastructures, as well as the rapid development of technologies such as generative artificial intelligence, the Ethernet transceiver market will continue to maintain strong growth momentum. At the same time, LC also noted that market growth is not without challenges. Any slowdown in optics purchases by NVIDIA or cloud computing companies could affect market dynamics. The future of the market is unpredictable, so vendors need to remain vigilant and pay close attention to market dynamics in order to make timely adjustments to their strategies and address potential risks.
