Global [FURL=https://www.industryarc.com/Report/15332/active-optical-cable-market.html]Active Optical Cable Market[/FURL] is forecast to reach $2624.27 million by 2025, growing at a CAGR of 18.47% during the forecast period 2020-2025. Active Optical Cables refer to a cabling technology which utilizes optical fiber for improving the speed and distance performance of the cables between the connectors. Due to the compact and lightweight designs of these cables, they have been able to gain high popularity across various industries including telecom, data centers, aerospace and defense with many others as compared to traditional copper-based cables. Increasing demand for active optical cables across data centers as well as adoption of optical fiber communication networks within the telecommunication industry are some major factors driving the demand for active optical cables.Key Takeaways
Ethernet active optical cables is expected to have a major market share during the forecast period 2020-2025 owing to its cost efficiency along with growing demands across data centers and consumer electronics sector.
Consumer Electronics sector is anticipated to register high market growth in the global active optical cable during the forecast period 2020-2025 owing to its wide adoption across consumer applications including audio or video systems, HDTVs, computers and many others.
High investments in research and development activities along with rising growth of telecom and consumer electronics sectors have been the major factors driving the need for active optical cables within APAC region.
Request for Sample of the Report @ [FURL]https://www.industryarc.com/pdfdownload.php?id=15332[/FURL]
Active Optical Cable Market Segment Analysis - By Application
Consumer Electronics is the fastest growing segment in the global active optical cable market and is estimated to grow at a CAGR of 19.90% over the forecast period 2020-2025. Active optical cables are used in various consumer applications including audio, video as well as network connectivity. Compared to copper cables used earlier, active optical cables offer benefits such as low power consumption, easy installation and many others, thus helping it to expand its usage across consumer electronics markets.
Active Optical Cable Market Drivers
Growing adoption of optical fiber communication networks by telecom industry
Active Optical Cable Market Landscape
Partnerships and acquisitions along with product launches are the key strategies of the players in the Active Optical Cable Market. The major key players in the Active Optical Cable Market include Gigalight, Amphenol Corporation, Mellanox Technologies, 3M, Finisar/II-VI Inc., Molex LLC, Cisco Systems Inc., Broadcom Inc., Hisense and Samtec.
About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.