Specifically, in 2023, Innolight ranked first for the first time, and Coherent (Finisar) ranked second. In 2021 and 2022, these two companies tied for first place on the list, but in 2023, Coherent was more involved in the poorly performing telecommunications sector than. Recently, LightCounting, a well-known market research organization in the optical communication industry, released the latest issue of its market report and updated the TOP10 ranking of global optical module suppliers. The latest data shows that Xutron Technology and II-VI acquired Finisar, the. The global market for Multimode Optical Modules was estimated to be worth US$ million in 2024 and is forecast to a readjusted size of US$ million by 2031 with a CAGR of %during the forecast period 2025-2031. The potential shifts in the 2025 U. LightCounting stated that the above chart shows the changes in the TOP10 list of optical module suppliers over the past decade or. The figure below illustrates the changes in the TOP10 list of optical transceiver suppliers over the last 15 years. A majority of the Japanese and US-based suppliers exited this market by 2020, while Chinese vendors improved their rankings. Telecommunication networks (wireless and wired) are the second-largest application, contributing 28% of market revenue in 2022.
