PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1303489
PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1303489
The global active optical cable (AOC) market has witnessed significant growth in recent years, primarily due to the advantages of low power consumption, short bend radius for installation, and lightweight design. These cables find applications across various industries such as energy and power, oil and gas, healthcare, and high-performance computers. Additionally, active optical cables play a crucial role in data storage, networking, and are essential in the rapidly expanding data center deployments worldwide. As a result, the global active optical cable market is projected to thrive throughout the forecast period.
The increasing need for high-speed transmission in industries like retail, BFSI, consumer electronics, IT & telecommunications has driven the demand for active optical cables. Traditional copper wires often experience interference and reduced resistance to external noise, affecting machinery performance. In contrast, active optical cables provide reliable, high-speed data transmission between point-of-sale systems, peripherals, and other devices across commercial spaces. These cables are also used for transmitting ultra-HD video data in applications such as retail, IT & telecommunications, and media & entertainment. Consequently, this broadens the growth prospects for the active optical cable market.
The growth of high-speed data, data-intensive applications, and AI-enabled processes has resulted in increased demand for high-performance computers (HPC). HPCs are extensively used in industries like aerospace, manufacturing, fintech, genomics, and oil & gas for complex simulations, testing, risk analysis, fraud detection, DNA sequencing, protein analysis, and specialized assessments. The widespread adoption of HPCs across various sectors is expected to drive the growth of the global active optical cable market in the coming years.
North America has gained a competitive advantage in the global active optical cable market due to the high demand from major data-producing and consuming firms. The presence of research facilities and businesses relying on HPCs for simulation and modeling also contributes to the regional market expansion. Factors such as rising urbanization, digitalization, increased investment in 4G and 5G communication, growing IoT penetration, and advanced factory automation further drive market growth.
Leading global players in the active optical cable market include: Finisar Corporation (U.S.), TE Connectivity Ltd. (Switzerland), Avago Technologies Ltd (U.S.), 3M Company (U.S.), Molex Incorporated (U.S.), The Siemon Company (U.S.), FCI Electronics (Singapore), Shenzhen Gigalight Technology Co., Ltd (China), EMCORE Corporation (U.S.), and Sumitomo Electric Industries Ltd. (Japan).