The global optical interconnect market was worth US$ 5.5 Billion in 2018. An optical interconnect is a link that is used to connect multiple computer systems in a circuit through light. It is an interface that assists in receiving digital signals from network equipment and converting them into optical signals that are transmitted through the fiber network. Advanced signal processing is facilitated by optical interconnect to monitor or manage errors and reduce distortion in fiber optics. Optical interconnections can range from short connections on motherboards to kilometer-long links used in large area networks. These interconnects have a low frequency-dependent loss, negligible crosstalk and high bandwidth due to which they find wide applications in the semiconductor industry.
Increasing demand for internet services across the domestic, commercial and industrial sectors is the key factor driving the market growth. Owing to the rapid growth of the information technology (IT) sector along with the introduction of big data analytics and Internet of Things (IoT), the demand for high data transmission and bandwidth communication is on the rise, which has led to an increased demand for optical interconnect globally. Optical interconnect is considered a more suitable alternative to the traditionally used technologies, in order to meet the current performance requirements of data processors. Also, the rising demand for increased bandwidth capacity along with the reduced power consumption within data center networks is acting as a major growth-inducing factor. Furthermore, rising network traffic from both private and government sectors has resulted in an increasing demand for optical interconnect devices for efficient utilization of resources while handling web applications and cloud computing systems. With cloud applications facilitating rapid communication and the rising trend of digitalization, there is a rise in the adoption of optical interconnect systems that favor the growth of various information-centric industries. Looking forward, IMARC Group expects the market to reach a value of US$ 14.7 Billion by 2024, registering a CAGR of 17.7% during 2019-2024.
The report has also analysed the competitive landscape of the market with some of the key players being Finisar, Mellanox Technologies, Molex, Oclaro, Sumitomo Electric Industries, Broadcom, TE Connectivity, Amphenol, Juniper Networks, Fujitsu, Infinera Corporation, Lumentum Holdings, Furukawa OFS, 3M Company, Acacia Communication, Dow Corning, Huawei, Intel, Infineon Technologies, etc.
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