BOSTON (January 7, 2025) – Total shipments of leading-edge datacom optical modules are projected to tally over $9 billion for 2024, according to the latest Optical Components Report from research firm Cignal AI. The global market for Optical Modules was estimated to be worth US$ 17590 million in 2024 and is forecast to a readjusted size of US$ 56786 million by 2031 with a CAGR of 15. 8% during the forecast period 2025-2031. The collaboration headlines come on top of strong recent. Optical transceivers, or optical modules, are used wherever higher volumes of data need to be sent and received. An optical module is a photoelectric converter. Optics Module by Application (OEM, Aftermarket), by Types (Single Mode Optical Modules, Multi Mode Optical Modules), by North America (United States, Canada, Mexico), by South America (Brazil, Argentina, Rest of South America), by Europe (United Kingdom, Germany, France, Italy, Spain, Russia. Data centers accounted for 45% of global optical module revenue in 2022, driven by rising cloud computing and AI workloads. Telecommunication networks (wireless and wired) are the second-largest application, contributing 28% of market revenue in 2022. 52 billion by 2032, at a CAGR of 8.