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Active Optical Cable Market Analysis
The global Active Optical Cable Market will reach USD 16,285.2 million at a whopping 25.1% CAGR by 2030, in accordance to the Market Research Future report.
Key Players
Eminent market players profiled in the global active optical cable market report include-
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|
Report Attribute/Metric |
Details |
|
Market Size in 2030 |
USD 16,285.2 million |
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Growth rate: |
CAGR 25.1% from 2022 to 2030 |
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Forecast Period |
2022-2030 |
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Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Drivers
Growing Need for High-Speed Data Transmission for Better Connectivity to Boost Market Growth
The growing need for high-speed data transmission for better connectivity will boost market growth over the forecast period. For the past couple of years, there was an increase in demand for high-speed transmission in many industries such as retail, consumer electronics, BFSI, and IT & telecommunication due to increased image & sound resolution and quick communication.
Opportunities
Technological Advances to offer Robust Opportunities
Various technical breakthroughs like the advent of network-function virtualization (NFV) and software-defined networking (SDN), which help to reduce network power consumption and enable longer life cycles for network hardware, are significantly boosting market growth.
Restraints and Challenges
High Manufacturing Cost to act as Market Restraint
The high implementation and manufacturing cost may act as a market restraint over the forecast period.
In-depth Market Research Report (206 Pages) on Active Optical Cable Market: https://www.marketresearchfuture.com/reports/active-optical-cable-market-10954
Market Segmentation
The global active optical cable market is bifurcated based on end users, application, form factor, and type.
By type, infiniband will lead the market over the forecast period.
By form factor, the active optical cable market is segmented into USB type C, typical connector types, and others.
By application, data center will dominate the market over the forecast period.
By end users, the active optical cable market is segmented into military, oil and gas, and energy and power.
COVID-19 Analysis
The world was within the grip of an economic disaster caused by the COVID-19 outbreak. The pandemic has hampered the semiconductor industry’s growth rate, particularly in 2020 and 2021. Most of the primary demand-generating sectors were inactive in various nations, stifling the expansion of the active optical cable market. The supply chain for active optical cable was affected due to major lockdowns imposed by the governing authorities. The paucity of raw materials used to build cables has influenced the pricing methods used by manufacturers. Furthermore, the lack of a sufficient workforce impeded the production of active optical cable. The transportation of finished goods moves at a slower rate, causing significant delays in delivery.
Regional Analysis
North America to Lead Active Optical Cable Market
Because of rising demand for active optical cables from top data producing and data consuming firms such as Facebook, Amazon, Microsoft, and Google, North America is likely to have a significant share of the active optical cable market throughout the forecast period. According to the United States International Trade Commission, the United States accounts for around 43% of all global data centers. With the introduction of highly scalable, high-performance CPUs, as well as high-speed, high-capacity memory, storage, and networking, an active optical cable is now frequently used in HPC workstations and supercomputers with parallel data processing capabilities. Rising urbanization and digitalization; increasing internet of things (IoT) penetration; ongoing investment in 4G & 5G communication & advanced factory automation; and research labs and business reliance on HPC (High Performance Computing) for simulation and modeling in diverse applications such as autonomous driving, product design and manufacturing, weather forecasting, seismic data analysis, and energy production are some of the other major factors.
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APAC to Have Admirable Growth in Active Optical Cable Market
The APAC active optical cable market is expected to grow at a rapid pace during the forecast period, owing to an increase in high-speed data consumption for online education, remote working, loud technology, big data, artificial intelligence-driven mechanisms, and enterprise-grade networks to support the digital transformation revolution, adoption of rich media content, digital services such as video conferencing and streaming, digital financial services, and other applications. Furthermore, active optical cable provides light weight enabling dense fiber that runs with minimal support and thin fiber cable that allows for optimum air flow cooling. These reasons are likely to greatly outstrip the overall growth of active optical cable and assembly sales in Asia Pacific.
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