After explosive growth in 2024, 800G Datacom optics for AI and general computing applications will be the fastest growing segment of the market in 2025, according to the latest Optical Components Report from research firm Cignal AI. The number of venture-backed optical component startups has exploded. The Optical Component Startup Tracker identifies these. According to forecasts, the global optical module market size will continue to grow at a compound annual growth rate of 22% from 2024 to 2029, and is expected to exceed US$37 billion in 2029. (US) Formerly known as II-VI Incorporated, Coherent Corp. 8% during the forecast period 2025-2031. 98 Billion by 2035, at a CAGR of 7.