According to Technavio’s latest forecast, the market will grow by 9.3% in 2023. The global QSFP module market size will increase by USD 1.127 billion from 2022 to 2027, with Cisco and Intel leading the opportunity.
The QSFP module market is fragmented, characterized by the presence of many established players. Established players such as Cisco, Intel, II-VI, NeoPhotonics, and Huawei Investment & Holding Co., Ltd. collectively occupy the largest share of the global QSFP module market. Vendors are focusing on expanding their product portfolios by developing advanced technologies and launching new products. Key players are investing in acquiring companies, enhancing product portfolio, and strengthening their presence in the global QSFP module market.
From 2022 to 2027, the global QSFP module market size is expected to grow by USD 1.127 billion. Moreover, according to Technavio, the market will grow at a CAGR of 9.6% during the forecast period.
From the perspective of the application market, data communication will be the biggest contributor to market growth. The increasing bandwidth demands of data centers are driving the demand for QSFP modules in the data communications sector. Regionally, North America will account for 39% of the market growth during the forecast period. In North America, the United States is relatively leading in investment in data centers.
Suppliers involved in the report include: Amphenol, Arista, Broadcom, Coherent, Corning, Dell, Foxconn, Fujitsu, Hitachi, Huawei, InnoLight, Intel, Lumentum, Molex, NVIDIA, Semtech, Sumitomo Electric, and TTI.