According to a new market research report published by Credence Research “Fiber Optical Interconnects Market (Fiber Mode – Single-Mode Fiber and Multi-Mode Fiber; Interconnect Level – Chip Level, Rack and Board to Board, Metro and Long haul; Product Category – Cable Assemblies, Optical Transceivers, Connectors, Free Space Optics, Fiber and Waveguides, PIC-Based Interconnects, Silicon Photonics and Optical Engines; Application – Telecommunication and Data Communication) Market – Growth, Future Prospects and Competitive Analysis, 2019 – 2027”, the overall fiber optical interconnects market worldwide was valued at US$ 4.32 Bn in 2018 and is set to grow with a CAGR of 18.2% during the forecast period.
The fiber optical interconnects offer the data center operators with the opportunity to cut down on the power loss caused due to the data center networks as the optical transmission has comparatively much lesser energy loss in comparison to the old-style copper-based interconnect. Also, in the recent times, there has been a huge data rush, caused by the growing usage of the video streaming, cloud computing and big data creating need for the servers to stockpile very high amount of datasets along with very high-speed data transmission within the servers. Growing need for the lower consumption, efficient data storage and high-speed data transmission is anticipated to increase the market adoption of the fiber optical interconnects.
Constantly rising demand for the advanced bandwidth requirements have contributed to be a major driver for growth of the global fiber optical interconnects market. Increment of bandwidth capacity along with the reduced power consumption within the data center networks has increased the demand for the efficient interconnects. These functions are unavailable with the traditional interconnects which are mostly copper based therefore further augmenting the effectiveness and demand for the fiber optical interconnect globally. Apart from this, there has been a constant rise in the network traffic which has led to higher demand for the fiber optical interconnect devices for future sustainability. Added to this, at present it is also seen that the data center networks need high power for the purpose of managing its services where fiber optics are used thereby growing the application of the fiber optical interconnect technologies which in turn driving the demand for the optical to interconnect market.
Based on product category optical transceivers accounted for the largest market share. Continuously growing demand for the 100 G data transmission rate optical devices is the key reason behind the growth of the fiber optical transceivers. Data communication application is anticipated to hold the major market share during forecast period and also expected to grow at highest rate during forecast period. Market for the chip-level interconnects is also estimated to increase momentum during forecast period and is anticipated to grow at highest rate during the forecast period. Based on the geography, North America is anticipated to embrace largest market share and control the fiber optic interconnect market in the forecast period, while the APAC market is projected to grow at highest rate. Rapid penetration of the Internet and cloud computing are the major reasons for the very high growth rate of this market globally.
Some of the major companies profiled in the report include Finisar Corporation, Molex, LLC, Mellanox Technologies, Ltd., Acacia Communications Inc., Oclaro, Inc., Broadcom Limited, TE Connectivity Ltd., Amphenol FCI, Fujitsu Ltd., Infinera Corporation, Lumentum Holdings Inc. and others.
Browse the full report at https://www.credenceresearch.com/report/fiber-optical-interconnects-market
The Global Fiber Optical Interconnects Market is Segmented into:
|Segmentation||By Interconnect Level Segment (2017–2027; US$ Bn)|
|By Product Categories Segment (2017–2027; US$ Bn)|
|By Fiber Mode Segment (2017–2027; US$ Bn)|
|By Application Segment (2017–2027; US$ Bn)|
|By Geography Segment (2017–2027; US$ Bn)|
*Complete segmentation list is on report page