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With 13.1% CAGR, Active Optical Cable & Extender Market Growth to Surpass USD 6.2 billion

01-03-2024 08:48 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MarketsandMarkets

With 13.1% CAGR, Active Optical Cable & Extender Market Growth

The active optical cable & extender market size is valued at USD 3.3 billion in 2023 and is anticipated to be USD 6.2 billion by 2028, growing at a CAGR of 13.1% from 2023 to 2028. Factors such as reliability of AOCs than traditional copper cables, and widespread adoption of 4K and 8K video technologies will likely drive market growth. Active optical cables are developed to replace copper cables due to their heaviness, bulkiness, and susceptibility to electromagnetic interference. 4K and 8K video technologies have become widespread across industries, such as broadcasting, gaming, medical imaging, and digital signage. This has resulted in a significant increase in demand for high data rates and extended transmission distances. To address these requirements, AOCs & extenders have emerged as critical solutions

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Based on product, the active optical cable & extender market has been segmented into active optical cables, and extenders. The active optical cables segment for the active optical cable & extender market held the largest the share of the market in 2022. The active optical cables market is growing rapidly due to the increasing demand for high-speed data transmission. AOCs are a versatile solution for long-distance data transfers, as they overcome distance limitations and signal degradation challenges. As businesses and organizations adopt new technologies that require high-speed data transmission, such as cloud computing, 4K and 8K video, virtual reality, and augmented reality, the demand for AOCs is expected to continue growing.

Based on application, the active optical cable & extender market has been segmented into data centers, high-performance computing, consumer electronics, telecommunications, industrial, energy, oil & gas, medical, military/aerospace, and others (test & measurement equipment, simulation systems, and security & surveillance systems). The active optical cable & extender market for the data center application segment accounted for the largest share of the overall market in 2022. Active optical cables (AOCs) and extenders are essential components in data centers to provide high-speed, high-bandwidth connectivity to handle massive volumes of data seamlessly. AOCs and extenders are also immune to electromagnetic interference, making them ideal for use in data centers.

The active optical cable & extender market has been segmented based on protocol into InfiniBand, Ethernet, Serial-attached SCSI (SAS), DisplayPort, PCI Express (PCIe), HDMI, Thunderbolt, USB, MIPI, Fiber Channel, and others [Remote Direct Memory Access (RDMA) and Digital Visual Interface (DVI)].. The InfiniBand segment is expected to dominate the market. This protocol is known for its high data transfer rates, low latency, and uncompromising performance. It is ideal for bandwidth-intensive applications, such as high-performance computing, data centers, and video streaming. As the requirements of data-intensive tasks continue to evolve, it is well-positioned to meet these challenges. This protocol is highly used for storage and interconnects servers. It is scalable and highly efficient and supports quality of service (QoS).

Based on the form factor, the active optical cable & extender market has been segmented into QSFP, QSFP-DD, OSFP/CFP8/COBO, SFP+, PCIE, SFP, CXP, CX4, CFP, CDFP, and others (USB TYPE C, HDMI, MINI-SAS, DDR, FDR, QDR, and EDR).. The active optical cable & extender market for the QSFP segment is expected to hold a larger market share during the forecast period. The high usage of QSFP in the data center market is expected to drive the market. Its ability to accommodate high data rates and bandwidth makes it ideal for applications demanding rapid and seamless data transmission. Its compact size allows for efficient use of space and enhanced port density, enabling streamlined connectivity solutions in space-constrained environments.

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Major players operating in the active optical cable & extender market include Coherent Corp.(US), Broadcom (US), Amphenol Communications Solutions (US), Corning Incorporated (US), TE Connectivity (Switzerland), 3M (US), Molex (US), Sumitomo Electric Industries Ltd.(Japan), Dell Inc.(US), Eaton (Ireland), EverPro Technology Co., Ltd. (China), Alysium-Tech GmbH (US), Mobix Labs Inc. (US), Unixtar Technology, Inc. (Taiwan), IOI Technology Corporation (Taiwan), GIGALIGHT (China), Siemon(US), Koincable (China), Black Box (US), ATEN INTERNATIONAL Co., Ltd. (Taiwan), T&S Communication Co, Ltd. (China), ACT(Netherlands), APAC Opto Electronics Inc. (Taiwan), Shenzhen Sopto Technology Co., Ltd., (China), Anfkom Telecom (China), Extron (US), and Roctest (Canada). These companies have reliable manufacturing facilities and strong distribution networks across key regions, such as North America, Europe, and Asia Pacific. They have an established portfolio of a robust market presence, reputable products and services, and strong business strategies. Furthermore, these companies have a significant market share, products with more comprehensive applications, and broader geographical footprints.

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