Why do you say that a small module has a lot to do?

In the "Optical Module Industry In-depth Report" released by CITIC Securities, it made a comment on the optical module that "small module has great potential". In the report, the core role played by optical modules in optical communication is affirmed, and the market demand for optical modules driven by data traffic is analyzed. In the national and even global competition pattern, the active layout can be expected in the future. Let's come together Check out what exactly was said!

Optical module is the core device of optical communication, used for short, medium and long data transmission, and is the interface module for photoelectric conversion between equipment and optical fiber. At present, optical modules are at a key node in the midstream of the optical communication industry chain. The upstream is the optical chip and electrical chip manufacturers; the downstream is the operators, equipment manufacturers and cloud manufacturers.

From the perspective of global demand, the demand for optical modules maintains a steady growth trend, mainly from overseas demand. According to the latest report on the global optical module market released by a well-known optical communication market research institution, the optical module market in 2020 will be 8 billion US dollars, and it is expected to increase to 14.5 billion US dollars in 2026. The compound growth rate of the global optical module market from 2020 to 2026 is 10.4%. .

From the perspective of domestic demand, the demand for optical modules accounts for a small proportion. According to data from an international research institution, the demand for optical modules in my country in 2020 is 2.7 billion yuan, and it is expected to increase to 3.3 billion yuan in 2022. The compound growth rate of China's optical module market from 2020 to 2022 is 10.6%, which is basically the same as that of global optical modules. Market growth was flat.

The telecom and data center markets are two important application scenarios for optical modules. From a long-term perspective, the growth of data traffic is the core driving force for the growth of the optical module market. The accelerated growth of the data center market at home and abroad has also led to an increase in the demand for optical modules in the data center data center. In this context, the rate requirements of optical modules are also increasing. At the same time, telecom 5G deployment will also greatly increase the demand for optical modules. From a short-term perspective, the expenditure of domestic and foreign manufacturers is expected to rise in the future, and server investment lags behind the optical network, which partly reflects the prosperity of the optical module industry in the early stage. The BMC chip business can be regarded as an indicator of the prosperity of the optical module industry. On the other hand, the construction of base stations in 2021H1 is lower than expected, and it is expected to usher in concentrated construction in the second half of the year, driving the demand for telecom optical modules.

The share of domestic manufacturers continues to increase, and the competitiveness of domestic products is close to the world's advanced ranks. At present, domestic optical module companies are already in 10G, 25G, and 40G. 100G, 400G, etc. have achieved a full product layout, and have taken the lead in the next-generation 800G layout. At the same time, with the localization of optical chips, it is expected to improve the overall competitiveness of my country's optical modules. The "China Optoelectronic Device Technology Development Roadmap (2018-2022)" clearly requires to ensure that the localization rate of low-end optoelectronic chips exceeds 60% in 2022, and the localization rate of high-end optoelectronic chips exceeds 20%.