Morgan Stanley Projects AI Optical Module PCB Market to Hit $3.77B by 2028, CAGR of 83% on June 15

According to Morgan Stanley on June 15, the global AI optical module PCB market is projected to grow from $620 million in 2025 to $3.77 billion by 2028, representing a three-year compound annual growth rate of 83%, significantly outpacing the optical module market's 60% CAGR. The report forecasts AI optical module shipments of 73 million units in 2026, 141 million in 2027, and 158 million in 2028, with 1.6T optical module shipments expected to maintain a three-year CAGR of approximately 60%.
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