Active optical cable market anticipated to reach USD 16,285.2 million at a CAGR of 25.1% by 2030
According to a comprehensive research report by Market Research Future (MRFR), “Active Optical Cable Market Research Report: Information by Type, Form factor, Application, End Users, and Region- Forecast Till 2030, the market is anticipated to acquire a valuation of approximately USD 16,285.2 million by the end of 2030. The reports further predict the market to flourish at a robust CAGR of over 25.1% during the assessment timeframe.
Active Optical Cable Market Overview:
Active optical cables refer to the transceiver products incorporating active electrical and optical components to get and boost signals using fiber optical cables. These cables comprise modules, a control chip, multi-mode optical fiber, and a transceiver. They turn electrical signals into optical for transmitting video and data communications over short and long distances between displays and sources. Active optical cables are commonly utilized in personal computing, high-performance computing, consumer electronics, data centers, and digital signage. These cables offer higher bandwidth & better performance, help reduce bulkiness, and are lightweight with low power consumption. Compared to attach copper cables, these cables delete the requirement for an external optical transceiver and provide resistance to electromagnetic interference. The global market for active optical cables has expanded vigorously in the last few years. The main parameters supporting the market’s growth are the lightweight, small bend radius for easy installment, and low power consumption.
The global Active Optical Cable Market has been overgrown in the last few years. The main parameter supporting the market’s growth is the increasing demand from the data center industry. Furthermore, the increasing craze of 40G QSFP+ AOC in data centers across the globe is also likely to influence the market’s growth over the review era.
The world has been through several significant changes amid the arrival of the global health crisis in the form of COVID-19, which ended up impacting most industry sectors across the globe. Like all the industry sectors, the global Active Optical Cable Market has also experienced several unexpected challenges during the pandemic. On the other hand, with all the industrial and financial activities returning to normal, the global market for active optical cables is likely to overgrow over the coming years.
Active Optical Cable Market Regional Analysis
The global market for active optical cables is analyzed across five major regions: South America, the Middle East & Africa, Europe, Latin America, and North America.
According to the research reports by MRFR, the North American region is predicted to hold the top spot across the global Active Optical Cable Market over the review period. The region is known to have a presence of several leading players across the globe, which is considered to be the main factor supporting the growth of the regional market. The regional market contributed to a substantial global market share in 2021. The research reports further anticipate the regional martlet to flourish substantially during the review era from 2022 to 2030 at a healthy CAGR of approximately 23.2%. The prominent players across the regional market include companies such as Microsoft, Google, IBM, and Facebook.
The active optical cable market for the European region is predicted to grow substantially over the assessment timeframe. The regional market secured second rank across the globe in 2021. The reports by MRFR predict the market to thrive significantly during the review era at a healthy growth rate of approximately 25.5%. Globe Newswire