The full name of optical module is optical communication module, which is a photoelectric conversion device, which is an optoelectronic device that realizes photoelectric conversion and electro-optical conversion functions in the process of optical signal transmission. It is mainly composed of optoelectronic devices (optical transmitters, optical receivers), functional circuits and optical interfaces, and its main role is to realize photoelectric conversion and electro-optical conversion functions in optical fiber communication.
The application prospects of optical modules are very broad.
Optical modules should be used in the field of data communication, and its main function is to realize the mutual conversion of photoelectric signals. Because of the rise of big data, blockchain, cloud computing, Internet of Things, artificial intelligence, and 5G, data traffic has grown rapidly, and the optical interconnection of data centers and mobile communications has become a research hotspot in the optical communication industry.
The large-scale release of the current artificial intelligence large model has promoted the outbreak of optical modules. It is understood that North American manufacturers have increased orders many times this year, and the order demand for 800G optical modules has reached 700,000 at the beginning of the year, and it is expected that the market demand for the whole year of 2023 will be between 1.2 million and 1.4 million. It is expected that the demand for 800G optical modules in 2024 will be between 3.5 million and 4 million.
The main logic of focusing on optical modules has two lines:
The first line is the rise in volume and price brought about by the promotion of 5G construction, which is similar to the previous PCB logic. The number of 5G base stations is more than the number of 4G base stations, which has been demonstrated many times before, and will not be repeated here. The exception to optical modules is that the increase in quantity comes not only from the increase in the number of 5G base stations, but also from the increase in the number of optical modules required by a single base station.
China Mobile's "Insight into 5G, Investing in the Future - China's 5G Industry Development and Investment Report" said that due to the characteristics of ultra-high frequency and large bandwidth, 5G has equal emphasis on transmission network fronthaul, midhaul and backhaul networks (4G transmission network is mainly fronthaul and backhaul), which is expected to bring tens of millions of increments to high-speed optical modules.
In terms of value, in fact, the gross profit margin of optical modules is currently in a declining channel. From the perspective of the structure of the industrial chain, domestic optical module enterprises are in the upstream and downstream squeeze, and the bargaining power is weak. The customers of optical modules in the telecom market are the four major equipment manufacturers, and the final customers are the three major operators; Datacom market customers are powerful cloud computing platforms, such as Amazon and Google. Therefore, the optical module market will have a price reduction of 15%-25% every year.
The future development trend of optical modules in the financial field
1. Continuous progress of technology: With the continuous advancement of technology, optical modules will become more intelligent and efficient.
2. Increasing application scenarios: Financial institutions are paying more and more attention to the security of information flow and capital flow, and optical modules can meet this demand, so the application scenarios in the financial field will continue to increase.
3. The market will grow rapidly: optical modules play an increasing role in the financial field, market demand continues to grow, and the development potential and market prospects of optical modules in the future will be broader.
The continued strength of optical modules is not only the intensification of the demand for computing power for AI large model training, but also the additional frequency and number of high-performance optical modules represented by 800G by overseas manufacturers exceeding market expectations.
More importantly, similar to the computing power sector, optical modules are also the closest subdivision of artificial intelligence concept stocks to cash in performance. As the forecast of the interim report approaches, the market will inevitably attack in the direction of the highest performance growth rate and the greatest improvement slope.
This is the "5 optical modules + CPOs + optical communication faucets" that I have sorted out, especially the last big bull stock! Remember to save the collection,!
1. Guangxun Technology
The world's leading supplier of optoelectronic devices and subsystem solutions, one of the most comprehensive optical device companies in the industry; The company's 800G products have been used by some customers, the company's 1.6T optical module products have been developed, the products have been in OFC2023 DEMO, and the sample testing is currently being promoted.
2. Optical library technology
The high-reliability optical passive devices independently developed by the full set of optical fiber device solution providers for submarine optical networks are one of the few manufacturers in the world that can provide such devices
3. New Yisheng
The core supplier of global optical communication modules, components and subsystems, the company has been focusing on the research, production and sales of optical modules since its establishment, and has successfully developed 25G, 50G, 100G, 200G series optical module products covering 5G fronthaul, midhaul and backhaul and achieved batch delivery, and is one of the few domestic batch delivery enterprises used in the data center market for 100G, 200G.400G high-speed optical modules, high-rate optical device chip packaging and optical device packaging
4. Hengtong Optoelectronics
The world's leading integrated service provider of the whole value chain of the communications industry has successfully developed 400G QSFP-DD DR4 silicon optical module, 800G QSFPDD DR8 optical module, and 800G QSFP-DD 2XFR optical module; The company was selected as the construction project of "Key Technology Research and Application Demonstration of T-bit Ultra-long Span Optical Transmission System" and "Research and Application Demonstration of Low Power Consumption, High Integration and High Performance 100G Optical Transmission System" of China Telecom's National Key R&D Program, becoming the only provider of 100G and 400G optical modules for these two projects
5. The last one has the most potential and is the most optimistic
1. Optical module + CPO + optical communication the first dark horse, recently overseas order 800G optical module, and the current products are mainly supplied to well-known listed companies at home and abroad.
2. Currently in an uptrend, the main force continues to increase positions, small cap stocks, chip concentration, and the main force continues to increase positions.
3. Recently, institutions have rushed to grab the first place, the stock price has also broken through the platform, the chips are concentrated, I am also optimistic that this vote is expected to start the main rising wave price limit board start + MACD monthly level golden cross, once it breaks out, the doubling is imminent.
The last one is not much to say here, interested friends come to the comment area to see, you can know!