The global active optical cable market is anticipated to grow at a compound annual growth rate (CAGR) of 25.1% from its estimated USD 2,115.3 million in 2021 to USD 16,285.8 million during the forecast period. An example of a cabling technique that combines active electrical and optical components is an active optical cable. It has vast usage in high-performance computing, data transmission, and networking applications.
The Global Active Optical Cable (AOC) Market is currently accelerating due to increased data center activity, adoption of active optical cables, and demand by customers needing high bandwidth and low latency connectivity. AOCs are favored across industries because of their improved and energy-efficient speed, reliability, and energy efficiency. The global active optical cable industry has faced major challenges like high manufacturing and implementation costs, and being prone to physical damage.
After going through the above-mentioned challenges, the market exhibits immense potential, and the reason for having increasing popularity of 40 G QSFP+ AOC in data centers and increasing usage of AOC is due to their components that can replace copper technology in high-performance computing applications and data centers.
Industry Segmentations
InfiniBand, Ethernet, Serial-Attached SCSI (SAS), DisplayPort, PCI Express (PCIE), HDMI, Thunderbolt, USB, MIPI, DisplayPort Alt Mode (DP-ALT), and others are segments of type of the global active optical cables industry.
The global active optical cables industry is divided based on application, including data center, High-Performance Computing (HPC), Consumer Electronics (CE)/ Home Electronics, Telecommunications, Personal Computing (PC), digital signage, machine vision, robotics, fiber sensors, and others.
In terms of form factor, the global active optical cables market has been segmented into typical connector types, USB Type-C, and others.
Depending on the end user, the global market is classified into energy & power, oil & gas, medical, military / aerospace, IT & telecommunications, consumer, and others.
Regional Analysis
North America’s active optical cable market is on an upward trajectory, thanks to its strong base of multimedia and AV technologies. The U.S. leads with the highest active optical cable usage, boosted by proactive government-backed connectivity initiatives aimed at enhancing digital access in rural and underserved areas.
There has been a surge in interest in Europe’s active optical cable industry and the reason is the advancement in high-performance computing, consumer electronics, and digital signage. The UK has solid multimedia and tech consumer product markets, which are giving it a strong position in the active cable industry.
The Asia Pacific region has advanced economies, specifically in China and India, which is the reason of APAC countries are slowly moving away from 4G and FTTH networks to 5G. Although the near term may see stagnation in the use of active optical cables, this shift stands to benefit the region in the long term, driving the use of these technologies.
Telecom and electronics are driving rapid growth in active optical cable demand across the Middle East and Africa. Mobile device usage and data consumption are growing fast, driving demand for faster, more reliable connections.
The active optical cable market in South America has benefited from increased usage of mobile devices and higher demand for ultra-fast internet. As high-speed network projects move forward, the region is set to play a major role in the global active optical cable market.
Key Players
Key players in the global active optical cable (AOC) industry are Finiser Corporation (II-VI Incorporated), TE Connectivity, Avago Technologies Ltd (Broadcom Inc.), Molex, Amphenol Corporation, Emcore Corporation, Siemon, Shenzhen Gigalight Technology Co. Ltd., Sumitomo Electric, T&S Communications Co. Ltd, Nortech Systems Inc, Everpro Technology Co. Ltd., Alysium Tech GmbH, Corning Incorporated, Mobix Labs Inc., Intel Corporation, Dell Inc., Chromis Technologies, Unixtar Technology Inc., and IOI Technology Corporation.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook