Insights on the Consumer Active Optical Cable Global Market to 2030 - Advancement in Fiber Optics Technology Presents Opportunities - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Consumer Active Optical Cable Market By Technology, and Connector Type: Global Opportunity Analysis and Industry Forecast, 2021-2030" report has been added to ResearchAndMarkets.com's offering.

The global consumer active optical cable market was valued at $141.5 million in 2020, and is projected to reach $958.5 million by 2030, registering a CAGR of 22.1% from 2021 to 2030. An active optical cable (AOC) is a cabling technology that uses optical fiber between the connectors to improve the cable's performance. In consumer applications, these cables are used to provide audio-video and network connectivity.

There is a rise in demand for AOC as it serves as an alternative to copper cables, due to its various advantages such as small bend radius for easy installment, low power consumption, and light weight. Applications of these cables have expanded from high-performance computers to networking and storage with the support of many protocols. In addition, AOCs rely on different protocols, such as InfiniBand, USB, and Ethernet, for data transmission.

Increase in bandwidth requirements supplement the growth of the consumer active optical cable market, as the rise in bandwidth has fueled the demand for communication technology. In addition, several developments are undertaken by numerous governments to improve the network infrastructure of their regions, which increases the connectivity within the region, enhancing the business opportunities and surging the standard of living. Thus, increase in investment by the government in emerging economies is also expected to fuel the growth of the consumer active optical cable market.

Furthermore, rise in penetration of video on demand, video conferencing, gaming, and home surveillance services and surge in demand for high definition 4K displays are also expected to contribute to the growth of the active optical cables market in the consumer sector. However, high initial investment associated with active optical cable followed by lack of information security currently hampers the growth of the optical network, as a savvy hacker can easily hack this information. Nonetheless, advancement in wireless technology, such as 3G, 4G, and 5G, creates an opportunity for the active optical cables to ensure quicker access and affordable connectivity.

The consumer active optical cable market is segmented on the basis of technology, connector type, and region. The technology segment is further categorized into InfiniBand, Ethernet, HDMI, DisplayPort, and USB. The HDMI segment accounted for a significant share in the overall market in 2018, due to its ability to provide per-pixel digital accuracy, pass TMDS signals, and provide high quality digital videos (4K). By connector type, the market is divided into CFP, SFP, and others. The SFP segment accounted for the maximum share in 2018. However, the CFP connectors segment is expected to witness the highest CAGR during the forecast period.

By region, the consumer active optical cable market trends are analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America is studied across into U.S., Mexico, and Canada, whereas Europe into UK, Spain, Germany, France, and the rest of Europe. The countries covered under Asia-Pacific are China, India, Japan, South Korea, and rest of Asia-Pacific while LAMEA includes Latin America, the Middle East, and Africa. In addition, the report covers country-wise cross-sectional analysis of the technology and connectors segments.

Market Dynamics

Drivers

• Increase in demand for higher bandwidth
• Rise in investments by governments to improve connectivity in China
• Rise in penetration of Video on Demand, video conferencing, gaming, and home surveillance services
• Increase in demand for 4K and high definition display

Restraints

• High initial investment associated with the active optical cable
• Challenges from optical network security fiber hack

Opportunity

• Advancement in fiber optics technology

Key Market Players

• Molex LLC
• Finisar Corporation
• Amphenol Corporation
• Shenzhen Gigalight Technology
• Sopto Technologies
• Sumitomo Electric Industries Ltd.
• Broadcom
• 3M Corporation
• IBM Corporation
• Siemon

For more information about this report visit https://www.researchandmarkets.com/r/au8gzp