The Optical Modulator Market size is expected to grow from USD 5 billion in 2023 to USD 10.7 billion by 2028, at a CAGR of 16.45% during the forecast period (2023-2028).
The optical modulators market is witnessing a rapid growth rate due to its demand growth in multiple applications, from data centers to telecommunication.
The Optical Modulators market is highly fragmented due to the presence of both global players and small and medium-sized enterprises. The major players in the market are Thorlabs Inc., Lumentum Holdings Inc., AA Opto-Electronic, Fujitsu Optical Components Limited, and Gooch & Housego PLC. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
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