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LightCounting: Global optical module market growth is expected to slow to 4% in 2023


LightCounting, a market researcher for the optical communications industry, has released its latest market forecast.


LightCounting noted that the optical communications industry entered 2020 with very strong momentum. Demand for DWDM, Ethernet, and wireless prequel connections surged in late 2019, and in 2020 and 2021, the COVID-19 pandemic accelerated a major shift in learning and working from home, increasing the need for faster, more ubiquitous, and more reliable networks. While supply chain shortage issues continued, the industry was able to largely overcome these issues, with the optical module market witnessing strong growth in 2020 and 2021, as shown in the chart below.


LightCounting believes that the optical module market is poised to once again see strong revenue growth in 2022, with an expected 14%, after growing 17% in 2020 and 10% in 2021. However, it is expected to slow to 4% in 2023 before recovering in 2024-2025.