Event:
On March 24, 2022, lightcounting released the latest quarterly report of the global optical module market, updating the quarterly sales data of each optical module segment of logarithmic communication and Telecom by Q4 of 2021.
Comments:
Industry scale: Q4 global optical module market hit a record high in 2021. According to lightcounting data, Q4 global optical module sales revenue exceeded US $2 billion for the first time in 2021, reaching a record high. From Q1 to Q4 in 2021, the global sales revenue of optical modules was US $1544 million, US $1743 million, US $1883 million and US $2.151 billion respectively, with a year-on-year increase of 23%, 0%, 16% and 37% respectively, and a month on month increase of - 11%, 13%, 19% and 14% respectively.
Data communication market: high-end module volume drives the rapid growth of Ethernet market
The data communication optical module includes three market segments: Ethernet, connector (AOC) and fibre channel. Benefiting from the growth of Ethernet optical module sales, Q1-Q4 data communication optical module sales in 2021 reached US $1059 million, US $1196 million, US $1299 million and US $1449 million respectively, with a year-on-year increase of 29%, 8%, 26% and 46% respectively. The sales of Ethernet optical modules reached a new record. Q1-Q4 reached US $954 million, US $1080 million, US $1131 million and US $1281 million respectively in 2021, with a year-on-year increase of 33%, 14%, 24% and 45% respectively. Benefiting from the growth of computing power demand, fibrechannel optical modules performed well. In 2021, the sales revenue of q3-q4fibrechannel optical modules were US $68 million and US $66 million respectively, with a year-on-year increase of 74% and 61% respectively. It is the fastest growing segment market.
Telecom Market: CWDM / DWDM modules have maintained growth, and the market scale of access network is basically stable
Lightcounting unifies CWDM / DWDM, FTTx and wireless into the telecom optical module market. According to the statistics of lightcounting, the sales of Q1-Q4 Telecom optical modules in 2021 reached US $485 million, US $547 million, US $583 million and US $701 million respectively, with a year-on-year increase of 12%, - 14%, - 1% and 21% respectively. The growth of Telecom Optical module market mainly comes from the increase of sales revenue of CWDM / DWDM optical modules. Benefiting from the large scale of 400zr and 400zr + modules, the sales revenue of CWDM / DWDM optical modules set a new record. According to the statistical data of lightcounting, the sales of q1-q4cwdm / DWDM optical modules reached US $225 million, US $257 million, US $316 million and US $407 million respectively in 2021, with a year-on-year increase of 15%, 15%, 22% and 49% respectively.
Focus on
Focus on leading enterprises in China's optical module industry: Zhongji Innolight Co.Ltd(300308) , Suzhou Tfc Optical Communication Co.Ltd(300394) , Advanced Fiber Resources (Zhuhai) Ltd(300620) , Broadex Technologies Co.Ltd(300548) , Huagong Tech Company Limited(000988) , Accelink Technologies Co.Ltd(002281) , Eoptolink Technology Inc.Ltd(300502) , Cig Shanghai Co.Ltd(603083) , etc.
Risk tips
Systemic risk, the market is less than expected risk, and the market competition intensifies the risk.
