Active Optical Cable Market to Garner USD 16,285.2 MN, with 25.1% CAGR during 2022–2030
Research Reports
Aug 31, 2023
Active Optical Cable Market Insights
The Active Optical Cable Market is growing continually, witnessing increasing electric and electronic equipment production. Besides, the growing demand for specialized design and manufacturing solutions drives the market. Major manufacturers invest substantially to develop highly configurable active optical cables, which boost the market size.
Active optical cables (AOC) are extensively used for long-lasting, reliable electrical connections. The vast demand for complex electrical and electromedical components boosts the active optical cable market size. Market Research Future (MRFR) states that the global active optical cable market will reach USD 16,285.2 MN by 2030, registering around 25.1% CAGR throughout the assessment period (2022–2030).
Augmenting demand for small form-factor hybrid solutions that can provide power, control, and data transmission across long distances in machine vision systems, factory automation, robotics, and intelligent sensing devices escalate the market value. Additionally, the ever-increasing power demand worldwide drives the growth of the market. Stringent regulations and compliance parameters related to the safety and security of wiring structures foster market shares.
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Major Players
Key players leading the global active optical cable market include
- TE Connectivity,
- Finisar Corporation (II-VI Incorporated),
- Avago Technologies Ltd (Broadcom Inc.),
- Amphenol Corporation,
- Molex Inc.,
- Emcore Corporation,
- Siemon,
- Shenzhen Gigalight Technology Co., Ltd.,
- 3M Company,
- Sumitomo Electric,
- T&C Communication Co, Ltd.,
- Corning Incorporated,
- Mobix Labs Inc.,
- Alysium Tech GmbH,
- Intel Corporation,
- Dell Inc.,
- Chromis Technologies,
- IOI Technology Corporation, and
- Unixtar Technology Inc., among others.
Active Optical Cable Market – Segments
The market is segmented into types, form factors, applications, end users, and regions. The type segment is sub-segmented into Infiniband, Ethernet, Serial-attached SCSI (SAS), Displayport, PCI Express (PCIE), HDMI, Thunderbolt, USB, Display port alt mode (DP-ALT), MIPI, and Others. The form factor segment is sub-segmented into typical connector types, USB type C, and others.
The application segment is sub-segmented into high-performance computing (HPC), data centers, consumer electronics (CE), telecommunications, personal computing (PC), digital signage, machine vision, robotics, fiber sensors, and others. The end-user segment is sub-segmented into energy & power, oil & gas, medical, military/aerospace, IT & telecommunications, consumer, and others. By region, the AOC market is segmented into the Americas, Asia-Pacific, MEA, and rest-of-the-world.
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Active Optical Cable Market – Regional Analysis
The Asia-Pacific region dominates the global active optical cable market. Due to the high energy demand, the region witnesses a high demand for active optical cables. Besides, raw material advantage and cost-competitive workforce available positively impact market growth. Also, rapid urbanization, industrialization, and spurring growth in the construction sector create vast market demand.
Active Optical Cable Market – Competitive Analysis
The highly competitive active optical cable market appears fragmented, headed by the presence of several notable players. Leading players adopt strategies like collaboration, mergers & acquisitions, expansion, and technology launches to gain a larger competitive share. These players also make substantial R&D investments in developing adept technologies. Considerable investments go into expansion plans to increase global reach and gain diverse expertise.
Industry/ Innovation/ Related News
Jan. 04, 2023 — Pure Fi, a leading provider of premium consumer and professional A/V connectivity solutions, launched the new active optical cable, Pure Fi USB Type-C. This new cable offers speeds of up to 40 Gbps and up to 30 feet, making it ideal for high-speed connectivity applications for devices not close to one another. Furthermore, the Pure Fi USB Type-C cable provides the ultimate plug & play feature for most applications that demand a reliable, high-speed connection.
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