Optical modulators market set to grow at a CAGR of 6.65% by 2027; A descriptive analysis of five forces model, market dynamics, & segmentation- Technavio

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Feb 09, 2023, 19:30 ET

NEW YORK, Feb. 9, 2023 /PRNewswire/ -- 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. For more Insights on market Request a sample report

Technavio has announced its latest market research report titled Global Optical Modulators Market 2023-2027

Optical modulators market - Five forces
The global optical modulators market is fragmented, and the five forces analysis covers–

Bargaining Power of Buyers
The threat of New Entrants
Threat of Rivalry
Bargaining Power of Suppliers
Threat of Substitutes
For an interpretation of Porter's five forces model– buy the report!

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.

Geography overview
By geography, the global optical modulators market is segmented into APAC, North America, Europe, Middle East and Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global optical modulators market.

APAC is estimated to account for 55% of the growth of the global market during the forecast period. The market for optical modulators is expected to grow in APAC, driven by the growth of the telecommunications industry. Established international players in the telecommunications industry are expanding their global footprint by entering the mobility space in Asia. Moreover, increasing investments in the 5G network in the region will support the growth of the market.

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Optical modulators market – Market dynamics
Key factor driving market growth

The growing demand for optic fibers is notably driving market growth. Optic fiber uses light waves for data and voice transmission with a capacity that is 4.5 times more than that of copper cables.
Optic fiber cables are superior in quality compared with traditional copper coaxial cable or twisted-pair cable, owing to their physical characteristics.
Moreover, these cables allow data to travel at speeds close to the speed of light. Additionally, optic fibers have low signal attenuation, which allows them to transfer a signal to long distances without a repeater or amplifier.
These factors will encourage enterprises in industries, such as telecommunications, to opt for optic fibers which in turn will boost the global market growth during the forecast period.

Leading trends influencing the market

The growing use of optical modulators in smart homes is an emerging trend in the market.
A smart home comprises a communication network that connects different appliances and allows them to be monitored, controlled, and accessed remotely.
Some of these smart homes comprise fiber-to-home connection, which includes optical modulators.
These modulators offer high-bandwidth signals for long distances using light waves, which leads to fewer interruptions in internet access and higher stability.
Therefore, the growth in the number of smart homes is expected to drive the growth of the global market during the forecast period.

Major challenges hindering the market growth

The high operating cost of managing optical modulators is a major challenge impeding the market.
The market for optical modulators is registering a high growth rate, led by an increase in the number of installations and investments.
Therefore, the demand for a skilled workforce is increasing. However, with the emergence of optical fibers, enterprises need to train their workforce, which leads to an increase in the operating cost of enterprises.
This impacts the profit margins thereby, hindering the growth of the global market during the forecast period.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this optical modulators market report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the optical modulators market between 2023 and 2027
Precise estimation of the optical modulators market size and its contribution to the market in focus on the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the optical modulators industry across APAC, North America, Europe, Middle East and Africa, and South America
A thorough analysis of the market's competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of optical modulators market vendors

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Optical Modulators Market Scope
Report Coverage	Details
Page number	174
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 6.65%
Market growth 2023-2027	USD 9,519.57 million
Market structure	Fragmented
YoY growth 2022-2023 (%)	5.55
Regional analysis	APAC, North America, Europe, Middle East and Africa, and South America
Performing market contribution	APAC at 55%
Key countries	US, Japan, China, Taiwan, and Germany
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	AA Opto Electronic, AC Photonics Inc., Agiltron Inc., APE Angewandte Physik und Elektronik GmbH, Cisco Systems Inc., Conoptics Inc., Excelitas Technologies Corp., Fujikura Co. Ltd., Gooch and Housego Plc, Hamamatsu Photonics KK, Intel Corp., International Business Machines Corp., Jenoptik AG, Lightwave Logic Inc., Lumentum Holdings Inc., MKS Instruments Inc., Qorvo Inc., Schafter Kirchhoff GmbH, Thorlabs Inc., and Timbercon Inc.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents:

1 Executive Summary

1.1 Market overview

Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
Exhibit 07: Executive Summary – Chart on Incremental Growth
Exhibit 08: Executive Summary – Data Table on Incremental Growth
Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem

Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition

Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 13: Market segments

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027

Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global optical modulators market 2017 - 2021

Exhibit 18: Historic Market Size – Data Table on Global optical modulators market 2017 - 2021 ($ million)

4.2 Type Segment Analysis 2017 - 2021

Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million)

4.3 Application Segment Analysis 2017 - 2021

Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million)

4.4 Geography Segment Analysis 2017 - 2021

Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

4.5 Country Segment Analysis 2017 - 2021

Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary

Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

5.2 Bargaining power of buyers

Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

5.3 Bargaining power of suppliers

Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

5.4 Threat of new entrants

Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

5.5 Threat of substitutes

Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

5.6 Threat of rivalry

Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

5.7 Market condition

Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

6.1 Market segments

Exhibit 30: Chart on Type - Market share 2022-2027 (%)
Exhibit 31: Data Table on Type - Market share 2022-2027 (%)

6.2 Comparison by Type

Exhibit 32: Chart on Comparison by Type
Exhibit 33: Data Table on Comparison by Type

6.3 10 to 40 Gbps - Market size and forecast 2022-2027

Exhibit 34: Chart on 10 to 40 Gbps - Market size and forecast 2022-2027 ($ million)
Exhibit 35: Data Table on 10 to 40 Gbps - Market size and forecast 2022-2027 ($ million)
Exhibit 36: Chart on 10 to 40 Gbps - Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on 10 to 40 Gbps - Year-over-year growth 2022-2027 (%)

6.4 40 Gbps and above - Market size and forecast 2022-2027

Exhibit 38: Chart on 40 Gbps and above - Market size and forecast 2022-2027 ($ million)
Exhibit 39: Data Table on 40 Gbps and above - Market size and forecast 2022-2027 ($ million)
Exhibit 40: Chart on 40 Gbps and above - Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on 40 Gbps and above - Year-over-year growth 2022-2027 (%)

6.5 Less than 10 Gbps - Market size and forecast 2022-2027

Exhibit 42: Chart on Less than 10 Gbps - Market size and forecast 2022-2027 ($ million)
Exhibit 43: Data Table on Less than 10 Gbps - Market size and forecast 2022-2027 ($ million)
Exhibit 44: Chart on Less than 10 Gbps - Year-over-year growth 2022-2027 (%)
Exhibit 45: Data Table on Less than 10 Gbps - Year-over-year growth 2022-2027 (%)

6.6 Market opportunity by Type

Exhibit 46: Market opportunity by Type ($ million)

7 Market Segmentation by Application

7.1 Market segments

Exhibit 47: Chart on Application - Market share 2022-2027 (%)
Exhibit 48: Data Table on Application - Market share 2022-2027 (%)

7.2 Comparison by Application

Exhibit 49: Chart on Comparison by Application
Exhibit 50: Data Table on Comparison by Application

7.3 Telecommunications - Market size and forecast 2022-2027

Exhibit 51: Chart on Telecommunications - Market size and forecast 2022-2027 ($ million)
Exhibit 52: Data Table on Telecommunications - Market size and forecast 2022-2027 ($ million)
Exhibit 53: Chart on Telecommunications - Year-over-year growth 2022-2027 (%)
Exhibit 54: Data Table on Telecommunications - Year-over-year growth 2022-2027 (%)

7.4 Data centers - Market size and forecast 2022-2027

Exhibit 55: Chart on Data centers - Market size and forecast 2022-2027 ($ million)
Exhibit 56: Data Table on Data centers - Market size and forecast 2022-2027 ($ million)
Exhibit 57: Chart on Data centers - Year-over-year growth 2022-2027 (%)
Exhibit 58: Data Table on Data centers - Year-over-year growth 2022-2027 (%)

7.5 CATV - Market size and forecast 2022-2027

Exhibit 59: Chart on CATV - Market size and forecast 2022-2027 ($ million)
Exhibit 60: Data Table on CATV - Market size and forecast 2022-2027 ($ million)
Exhibit 61: Chart on CATV - Year-over-year growth 2022-2027 (%)
Exhibit 62: Data Table on CATV - Year-over-year growth 2022-2027 (%)

7.6 Others - Market size and forecast 2022-2027

Exhibit 63: Chart on Others - Market size and forecast 2022-2027 ($ million)
Exhibit 64: Data Table on Others - Market size and forecast 2022-2027 ($ million)
Exhibit 65: Chart on Others - Year-over-year growth 2022-2027 (%)
Exhibit 66: Data Table on Others - Year-over-year growth 2022-2027 (%)

7.7 Market opportunity by Application

Exhibit 67: Market opportunity by Application ($ million)

8 Customer Landscape

8.1 Customer landscape overview

Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation

Exhibit 69: Chart on Market share by geography 2022-2027 (%)
Exhibit 70: Data Table on Market share by geography 2022-2027 (%)

9.2 Geographic comparison

Exhibit 71: Chart on Geographic comparison
Exhibit 72: Data Table on Geographic comparison

9.3 APAC - Market size and forecast 2022-2027

Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)

9.4 North America - Market size and forecast 2022-2027

Exhibit 77: Chart on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 78: Data Table on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 79: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 80: Data Table on North America - Year-over-year growth 2022-2027 (%)

9.5 Europe - Market size and forecast 2022-2027

Exhibit 81: Chart on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 82: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 83: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 84: Data Table on Europe - Year-over-year growth 2022-2027 (%)

9.6 Middle East and Africa - Market size and forecast 2022-2027

Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

9.7 South America - Market size and forecast 2022-2027

Exhibit 89: Chart on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 90: Data Table on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 91: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 92: Data Table on South America - Year-over-year growth 2022-2027 (%)

9.8 Japan - Market size and forecast 2022-2027

Exhibit 93: Chart on Japan - Market size and forecast 2022-2027 ($ million)
Exhibit 94: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
Exhibit 95: Chart on Japan - Year-over-year growth 2022-2027 (%)
Exhibit 96: Data Table on Japan - Year-over-year growth 2022-2027 (%)

9.9 US - Market size and forecast 2022-2027

Exhibit 97: Chart on US - Market size and forecast 2022-2027 ($ million)
Exhibit 98: Data Table on US - Market size and forecast 2022-2027 ($ million)
Exhibit 99: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 100: Data Table on US - Year-over-year growth 2022-2027 (%)

9.10 China - Market size and forecast 2022-2027

Exhibit 101: Chart on China - Market size and forecast 2022-2027 ($ million)
Exhibit 102: Data Table on China - Market size and forecast 2022-2027 ($ million)
Exhibit 103: Chart on China - Year-over-year growth 2022-2027 (%)
Exhibit 104: Data Table on China - Year-over-year growth 2022-2027 (%)

9.11 Taiwan - Market size and forecast 2022-2027

Exhibit 105: Chart on Taiwan - Market size and forecast 2022-2027 ($ million)
Exhibit 106: Data Table on Taiwan - Market size and forecast 2022-2027 ($ million)
Exhibit 107: Chart on Taiwan - Year-over-year growth 2022-2027 (%)
Exhibit 108: Data Table on Taiwan - Year-over-year growth 2022-2027 (%)

9.12 Germany - Market size and forecast 2022-2027

Exhibit 109: Chart on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 110: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 111: Chart on Germany - Year-over-year growth 2022-2027 (%)
Exhibit 112: Data Table on Germany - Year-over-year growth 2022-2027 (%)

9.13 Market opportunity by geography

Exhibit 113: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges

Exhibit 114: Impact of drivers and challenges in 2022 and 2027

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape

Exhibit 115: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption

Exhibit 116: Overview on factors of disruption

11.4 Industry risks

Exhibit 117: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered

Exhibit 118: Vendors covered

12.2 Market positioning of vendors

Exhibit 119: Matrix on vendor position and classification

12.3 AC Photonics Inc.

Exhibit 120: AC Photonics Inc. - Overview
Exhibit 121: AC Photonics Inc. - Product / Service
Exhibit 122: AC Photonics Inc. - Key offerings

12.4 Agiltron Inc.

Exhibit 123: Agiltron Inc. - Overview
Exhibit 124: Agiltron Inc. - Product / Service
Exhibit 125: Agiltron Inc. - Key offerings

12.5 Cisco Systems Inc.

Exhibit 126: Cisco Systems Inc. - Overview
Exhibit 127: Cisco Systems Inc. - Business segments
Exhibit 128: Cisco Systems Inc. - Key news
Exhibit 129: Cisco Systems Inc. - Key offerings
Exhibit 130: Cisco Systems Inc. - Segment focus

12.6 Conoptics Inc.

Exhibit 131: Conoptics Inc. - Overview
Exhibit 132: Conoptics Inc. - Product / Service
Exhibit 133: Conoptics Inc. - Key offerings

12.7 Excelitas Technologies Corp.

Exhibit 134: Excelitas Technologies Corp. - Overview
Exhibit 135: Excelitas Technologies Corp. - Product / Service
Exhibit 136: Excelitas Technologies Corp. - Key offerings

12.8 Fujikura Co. Ltd.

Exhibit 137: Fujikura Co. Ltd. - Overview
Exhibit 138: Fujikura Co. Ltd. - Business segments
Exhibit 139: Fujikura Co. Ltd. - Key news
Exhibit 140: Fujikura Co. Ltd. - Key offerings
Exhibit 141: Fujikura Co. Ltd. - Segment focus

12.9 Gooch and Housego Plc

Exhibit 142: Gooch and Housego Plc - Overview
Exhibit 143: Gooch and Housego Plc - Business segments
Exhibit 144: Gooch and Housego Plc - Key news
Exhibit 145: Gooch and Housego Plc - Key offerings
Exhibit 146: Gooch and Housego Plc - Segment focus

12.10 Intel Corp.

Exhibit 147: Intel Corp. - Overview
Exhibit 148: Intel Corp. - Business segments
Exhibit 149: Intel Corp. - Key news
Exhibit 150: Intel Corp. - Key offerings
Exhibit 151: Intel Corp. - Segment focus

12.11 International Business Machines Corp.

Exhibit 152: International Business Machines Corp. - Overview
Exhibit 153: International Business Machines Corp. - Business segments
Exhibit 154: International Business Machines Corp. - Key news
Exhibit 155: International Business Machines Corp. - Key offerings
Exhibit 156: International Business Machines Corp. - Segment focus

12.12 Jenoptik AG

Exhibit 157: Jenoptik AG - Overview
Exhibit 158: Jenoptik AG - Business segments
Exhibit 159: Jenoptik AG - Key news
Exhibit 160: Jenoptik AG - Key offerings
Exhibit 161: Jenoptik AG - Segment focus

12.13 Lumentum Holdings Inc.

Exhibit 162: Lumentum Holdings Inc. - Overview
Exhibit 163: Lumentum Holdings Inc. - Business segments
Exhibit 164: Lumentum Holdings Inc. - Key offerings
Exhibit 165: Lumentum Holdings Inc. - Segment focus

12.14 MKS Instruments Inc.

Exhibit 166: MKS Instruments Inc. - Overview
Exhibit 167: MKS Instruments Inc. - Business segments
Exhibit 168: MKS Instruments Inc. - Key offerings
Exhibit 169: MKS Instruments Inc. - Segment focus

12.15 Qorvo Inc.

Exhibit 170: Qorvo Inc. - Overview
Exhibit 171: Qorvo Inc. - Business segments
Exhibit 172: Qorvo Inc. - Key offerings
Exhibit 173: Qorvo Inc. - Segment focus

12.16 Schafter Kirchhoff GmbH

Exhibit 174: Schafter Kirchhoff GmbH - Overview
Exhibit 175: Schafter Kirchhoff GmbH - Product / Service
Exhibit 176: Schafter Kirchhoff GmbH - Key offerings

12.17 Thorlabs Inc.

Exhibit 177: Thorlabs Inc. - Overview
Exhibit 178: Thorlabs Inc. - Product / Service
Exhibit 179: Thorlabs Inc. - Key offerings

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist

Exhibit 180: Inclusions checklist
Exhibit 181: Exclusions checklist

13.3 Currency conversion rates for US$

Exhibit 182: Currency conversion rates for US$

13.4 Research methodology

Exhibit 183: Research methodology
Exhibit 184: Validation techniques employed for market sizing
Exhibit 185: Information sources

13.5 List of abbreviations

Exhibit 186: List of abbreviations

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