Optical modulators market to grow at a CAGR of 6.65% by 2027

According to Technavio, the global optical modulators market size is estimated to grow by USD 9.51957 billion from 2022 to 2027. The market is estimated to grow at a CAGR of 6.65%. Moreover, the growth momentum will accelerate. APAC will account for 55% of the growth of the global market during the forecast period. The report includes historic market data from 2017 to 2021. In 2017, the optical modulators market was valued at USD 20,321 million.

Optical modulators market– Customer landscape
The report includes the market’s adoption lifecycle, from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Optical modulators market – Segmentation assessment

Segment overview
Technavio has segmented the market based on type (10 to 40 Gbps, 40 Gbps and above, and less than 10 Gbps) and application (telecommunications, data centers, CATV, and others).

The 10 to 40 Gbps segment will grow at a significant rate during the forecast period. These devices are designed to produce a good trade-off between high efficiency, speed, and minimal optical loss. They rely on the carrier depletion effect in a pipin diode. The silicon optical modulator, which powers optical interconnects to produce high-performance data lines, is one of the most important parts of a high-speed integrated photonic system. The increasing adoption of 10-40 Gbps optical modulators is expected to drive the growth of the 10-40 Gbps segment of the global market during the forecast period.

CT Bureau