Growth of 54 per cent has been forecasted for the transceiver market worldwide in the coming five years.
A Research and Markets report notes that the present global value of the transceivers sector is around $4.2 billion (£2.6 billion).
However, by 2014, this is predicted to increase to $6.5 billion in worldwide sales, with 16 gigabits per second (Gbps) Fibre Channel one of the main areas of business.
More than 65 per cent of the Fibre Channel transceiver market is expected to be in the 16 Gbps market by the end of the coming five years.
In all, Fibre Channel transceivers are predicted to account for more than a quarter (26 per cent) of the sector’s sales by 2014.
Optical transceiver vendor JDSU announced in its recent financial results that it anticipates opportunities in the market in the long term.
President and chief executive officer Tom Waechter explained that JDSU is focusing on innovation as a driving force behind such opportunity.
For further information about JDSU, please click here.