Report estimates active optical cable market to grow to $3.43 billion by 2022

A new market research report estimates that the active optical cable market will reach $3.43 billion by 2022, at a CAGR of 27.1%.

The report, “Active Optical Cable Market, by Protocol (InfiniBand, Ethernet, Serial-Attached SCSI (SAS), and Others) Form Factor (QSFP, CXP, and Others), End-user Application (Data center, Consumer Electronics, and Others), and Geography – Global Trends & Forecast to 2022,” was published by MarketsandMarkets.

The conclusion of the 155-page report is that increasing bandwidth requirements and huge deployments of data centers are factors that will drive this growth.

Data centers are expected to lead the active optical cable market for end-user applications. Data centers also need a broad portfolio of fiber optic modules to connect servers, switches, and storage, which is accomplished by active optical cable.  In addition, the consumer electronics market is an emerging market for active optical cable owing to its application in 4K TV, digital signage sectors among others.

Active optical cable for InfiniBand is expected to show high growth during the forecast period. InfiniBand is scalable and supports quality of service (QoS) as well as it is high efficient among other protocols. The interface of this protocol in commercial applications such as server and supercomputers are playing a key role in the market growth.

The market in APAC is expected to grow at highest CAGR between 2016 and 2022 because of the rapid usage of active optical cable in China. Increasing adoption of active optical cable in data centers and consumer electronics market among others is expected to drive the AOC market in this region.

The report also profiles the most promising players, including Finisar Corp., TE Connectivity, Avago Technologies, FCI Electronics, Molex, 3M, EMCORE, The Siemon Company, Shenzhen Gigalight Technology Co.,Ltd, and Sumitomo Electric Industries.

More details and purchase information can be found here.

 

The post Report estimates active optical cable market to grow to $3.43 billion by 2022 appeared first on Wire and Cable Tips.