Lucintel's latest market report analyzed that CFP optical transceiver provides attractive opportunities in the telecommunication, data center, and enterprise applications. The CFP optical transceiver market is expected to reach $0.92 billion by 2028 with a CAGR of 19.5%. In this market, more than 100 gbps is the largest segment by data rate, whereas telecommunications is largest by application.

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Based on data rate, the CFP optical transceiver market is segmented into less than 10 gbps, 10 gbps to 40 gbps, 41 gbps to 100 gbps, and more than 100 gbps. The more than 100 gbps segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the growing application of CFP MSA to enable 40 Gb/s, 100 Gb/s, and 400 Gb/s.

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The CFP Optical Transceiver Market is marked by the presence of several big and small players. Some of the prominent players offering CFP optical transceiver include Broadcom, Lumentum, Sumitomo Electric industries, Accelink, and Smartoptics.

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