Goldman Sachs Raises Optical Module Forecast, Market Size Could Near $150 Billion by 2028

Goldman Sachs has significantly raised its industry forecast in its latest global optical module report, projecting the global optical module market size to reach approximately $67.7 billion, $131.4 billion, and $148.5 billion in 2026, 2027, and 2028, respectively, up 33%, 81%, and 115% from previous estimates. Goldman Sachs believes this upward revision is not solely driven by growth in AI server shipments, but more importantly by the ongoing shift of AI server architectures toward high-speed networking, coupled with an increase in the number of optical modules required per GPU or ASIC chip, fueling rapid demand expansion for 800G, 1.6T, and even 3.2T modules.