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Active Optical Cable Market Set For Rapid Growth, To Reach Value Around 3,480.7 Million By 2022

02-14-2019 09:59 AM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Active Optical Cable Market

Active Optical Cable Market

Active optical cable market report, published by Allied Market Research, was valued at $481.3 million in 2015 and forecasts that the global market is expected to garner $3,480.7 million by 2022, registering a CAGR of 32.7% during the period 2016-2022.

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.

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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 Asia-Pacific 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 of Active Optical Cable Market:
• 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 energy-efficient 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.

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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

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