Global Active Optical Cable Market to Reach US$ 18,849.5 Million by 2032, Propelled by Growing Demand for Consumer Electronics

February 15, 2022 | Electronics and Semiconductors

According to the latest report by IMARC Group, titled “Active Optical Cable Market Report by Connector Type (QSFP, CXP, CDFP, CFP, SFP, and Others), Technology (InfiniBand, Ethernet, HDMI, DisplayPort, USB, and Others), Application (Data Center, High-Performance Computing, Personal Computing, Digital Signage, Consumer Electronics, and Others), and Region 2024-2032,” the global active optical cable market size reached US$ 3,381.9 Million in 2023. Active optical cables (AOCs) are transceiver products that convert electrical signals into optical signals to transmit data between sources and displays using fiber optic cables. They offer various advantages over copper cables, such as low power consumption, higher bandwidth, and enhanced performance. These cables can also simplify a setup by eliminating power delivery issues and electromagnetic interference. As a result, AOCs interconnect applications, multi-line data communications, and accelerate storage, data, and high-performance computing.

Global Active Optical Cable Market Trends:

The market is primarily driven by the increasing demand for consumer electronics across the globe. In addition, the advent of miniaturized consumer electronics that offer high-quality video resolution displays has escalated the demand for lightweight and thinner active optical cables. Besides this, the market is further propelled by the introduction of various advanced technologies, such as network function virtualization (NFV) and software-defined networking (SDN), that assist in reducing network power consumption and provide enhanced life cycles for network hardware. Moreover, there has been widespread adoption of AOCs due to their enhanced virtualized connectivity, minimized errors and cost-effectiveness. Furthermore, the expanding telecom industry and the implementation of various government initiatives to improve the network infrastructure are anticipated to propel the market growth in the coming years. Looking forward, IMARC Group expects the market value to reach US$ 18,849.5 Million by 2032, expanding at a CAGR of 20.6% during the forecast period (2024-2032).

Market Summary

On the basis of the connector type, the market has been classified into QSFP, CXP, CDFP, CFP, SFP, and others.
Based on technology, the market has been segmented into InfiniBand, Ethernet, HDMI, DisplayPort, USB, and others.
The market has been categorized based on the application into data centers, high-performance computing, personal computing, digital signages, consumer electronics, and others.
Region-wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
The competitive landscape of the industry has also been examined, along with the profiles of the key players being 3M Company, Amphenol Corporation, Broadcom Inc., EMCORE Corporation, Fujitsu Limited, II-VI Incorporated, International Business Machines Corporation, Lumentum Operations LLC, Molex LLC (Koch Industries Inc.), Sumitomo Electric Industries Ltd., TE Connectivity and The Siemon Company.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Million
Segment Coverage	Connector Type, Technology, Application, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	3M Company, Amphenol Corporation, Broadcom Inc., EMCORE Corporation, Fujitsu Limited, II-VI Incorporated, International Business Machines Corporation, Lumentum Operations LLC, Molex LLC (Koch Industries Inc.), Sumitomo Electric Industries Ltd., TE Connectivity and The Siemon Company
Customization Scope	10% Free Customization
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Global Active Optical Cable Market to Reach US$ 18,849.5 Million by 2032, Propelled by Growing Demand for Consumer Electronics

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