Morgan Stanley: The global AI optical module PCB market is projected to grow at a compound annual growth rate (CAGR) of up to 83%, far exceeding the 60% growth rate of the optical module market during the same period.

Svmuu News: A recent report from Morgan Stanley predicts that as AI clusters continue to expand, the demand for data transmission between GPUs will grow exponentially, which will drive a rapid surge in demand for optical modules. As optical modules upgrade from 400G to 800G, 1.6T, and even 3.2T, the materials, number of layers, and manufacturing processes of their internal PCBs will undergo comprehensive upgrades, thereby significantly increasing the value of each PCB. Morgan Stanley forecasts that from 2025 to 2028, the global market size for AI optical module PCBs will grow from $620 million to $3.77 billion, more than quintupling over three years, with a compound annual growth rate (CAGR) of 83%, far exceeding the 60% growth rate of optical modules during the same period. The report notes that total shipments of AI optical modules are projected to reach 73 million, 141 million, and 158 million units from 2026 to 2028, respectively. Among these, shipments of 1.6T optical modules are expected to grow at a compound annual growth rate (CAGR) of approximately 60% over the three-year period, while the PCB market is projected to grow at a rate of 83%. (Jinshi)