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Global Active Optical Cable Market Is Expected to Reach $3,480.7 Million by 2022

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Global Active Optical Cable Market Is Expected to Reach $3,480.7 Million by 2022 More information: http://www.gosreports.com/global-active-optical-cable-market-is-expected-to-reach-3480-7-million-by-2022/
Global Active Optical Cable Market Is Expected to Reach
$3,480.7 Million by 2022
Date: 2016-07-18
Global Active Optical Cable Market, the global active optical cable market generated
$481.3 million in 2015. It is expected to reach $3,480.7 million by 2022, growing at a
CAGR of 32.7% from 2016 to 2022.
Active optical cables (AOCs) exhibit a rapid adoption in enterprises as they enhance
network structure and increase the efficiency of operations. The AOC market is largely
driven by the growing demand for these cables in data centers, increasing investment by
governments of various developed and emerging countries to improve connectivity within
the region, growing demand for higher bandwidth and shift of the telecom sector towards
faster optical networks.
AOC protocol includes InfiniBand, Ethernet, HDMI, DisplayPort, USB, and others. Currently,
the InfiniBand segment holds significant share in the overall market, owing to its
increasing usage in commercial applications such as data centers and high-performance
computing.
Among the connector segment, QSFP and CXP accounted for the maximum share in 2015,
as they support both the Ethernet and InfiniBand protocols that are core to any data
center. Other than these two connectors, rest all constitute very minimal share as of now.
AOCs are preferably used in data centers, high-performance computing, personal
computers, digital signage, consumer electronics, and others. In the year 2015, data
center contributed the highest revenue share, accounting for around 50% of the overall
market revenue. This segment is expected to maintain its dominant position throughout
the forecast period. From growth perspective, digital signage is expected to be the most
prominent application, anticipated to witness the highest CAGR of 37.3%.
Geographically, North America is expected to dominate the regional market for AOCs
throughout the forecast period, owing to the increasing demand for higher bandwidth in
data centers and HPC applications. Moreover, wide acceptance of these cables across AsiaPacific owing to increasing requirement of connectivity improvement and rising number of
data centers in countries, such as China, Japan, and Singapore, is expected to supplement
the growth.
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Key findings
InfiniBand protocol segment holds significant share in the Global AOC market.
QSFP accounted for a larger share in connector segment in 2015 and is expected to
dominate during the forecast period. The segment is anticipated to lead the market with
over 42.9% revenue share.
In the year 2015, data center application contributed the highest revenue share,
accounting for around 50% of the overall market revenue.
Digital signage is expected to be the most prominent application of AOC with highest CAGR
of 37.3% during the forecast period.
In the year 2015, North America held the largest market size.
Asia-Pacific constituted nearly 21.5% of the total market value in 2015 and is projected to
grow at the fastest rate.
Key players in the market are increasingly developing high-quality, affordable, and energyefficient AOCs to cater to the growing demands of customers. Furthermore, the market is
concentrated, as top five leading players, such as Finisar Corporation, Avago Technologies,
Oclaro, Inc., Viavi Solutions Inc., and Sumitomo Electric Industries, Ltd., occupy around
65% of the overall market. The key strategies adopted by these leading players are
product launches, acquisitions, agreements, and partnerships to strengthen their market
position and expand their geographical presence.
Read Full Report: http://www.gosreports.com/world-active-optical-cable-market/
Joanna | Executive – International Business and partner Relations
E-mail: [email protected] | Tel: 1-510-400-8520
Web: www.gosreports.com
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Endlessdeveloping Law
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