800G 光模块 2024 年批量供应元年，400G 光模块供应量有望翻倍增长。全球光模块 400G 客户主要集中于 Amazon（约 45%）和 Google（约 25%）、800G 主要集中于 Nvidia（约 50%）、Google（约 30%）和 Meta（约 20%）等，随着海外互联网公司对相关速率要求的不断提升，800G 光模块有望实现快速放量，前期已优先得到客户验证的公司将优先受益。根据 Lightcounting 数据，进入 1.6T 时代，传统可插拔速率升级或达到极限，后续光通信底座升级或将转向 CPO 相关技术方案，CPO 出货预计将从 800G和 1.6T 端口开始，于 2024 年至 2025 年开始商用，2026 年至 2027 年开始规模上量。AI 互联网大厂希望在更短的时间内传输更多的数据，提高数据处理效率，赋能 AI 大模型优化升级带来对高速光模块需求的增长。我国典型光通信企业海外营收占比整体保持高位，全球光模块供应商 Top 10，国内企业独占六席，国内厂家受益明显。
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800G 光模块 2024 年批量供应元年，400G 光模块供应量有望翻倍增长。全球光模块 400G 客户主要集中于 Amazon（约 45%）和 Google（约 25%）、800G 主要集中于 Nvidia（约 50%）、Google（约 30%）和 Meta（约 20%）等，随着海外互联网公司对相关速率要求的不断提升，800G 光模块有望实现快速放量，前期已优先得到客户验证的公司将优先受益。根据 Lightcounting 数据，进入 1.6T 时代，传统可插拔速率升级或达到极限，后续光通信底座升级或将转向 CPO 相关技术方案，CPO 出货预计将从 800G和 1.6T 端口开始，于 2024 年至 2025 年开始商用，2026 年至 2027 年开始规模上量。AI 互联网大厂希望在更短的时间内传输更多的数据，提高数据处理效率，赋能 AI 大模型优化升级带来对高速光模块需求的增长。我国典型光通信企业海外营收占比整体保持高位，全球光模块供应商 Top 10，国内企业独占六席，国内厂家受益明显。
