智通财经网·2026-02-27 02:37Core Insights - OCS technology is still in the early stages of industrialization, with increasing demand for related components and materials as Google’s usage penetration and customer engagement rise [1] - The OCS technology allows for direct switching of optical signals without O/E/O conversion, significantly reducing latency and power consumption, with potential power savings of over 30% for AI computing clusters and data center interconnect systems [1] - The OCS market is projected to grow rapidly, with an estimated market size of approximately $400 million in 2025 and expected to exceed $2.5 billion by 2029, driven by the demand for AI data centers [3] Industry Overview - OCS technology has four main technical routes: MEMS, liquid crystal, piezoelectric, and silicon waveguide, with MEMS being the fastest to commercialize [2] - Google is shifting from a "self-research + outsourcing" model to OCS system procurement, which is expected to expand the OCS market significantly [2] - Lumentum reported an OCS order backlog exceeding $400 million, primarily from three core customers, indicating strong demand growth [3]