As per the latest report by IMARC Group, titled “Optical Interconnect Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market exhibited strong growth during 2015-2020. The Global Optical Interconnect Market size to grow at a CAGR of around 11% during the forecast period (2021-2026). Optical interconnects are short optical links utilized for interconnecting different computer systems. They transmit signals from one part of an integrated circuit to another through light. Optical interconnects assist in receiving digital signals from network equipment and converting them into optical signals, which are transmitted over the fiber network. They range from short connections on motherboards to kilometer-long links employed in a vast network area. As they have a low frequency-dependent loss, negligible crosstalk and high bandwidth, they are considered a potential solution for sufficing the performance requirements of the present generation of data processors.
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Global Optical Interconnect Market Trends:
Rapid development in the information technology (IT) sector, in confluence with the introduction of big data analytics and Internet of Things (IoT), is impelling the demand for high data transmission and bandwidth communication. This, in turn, is strengthening the growth of the optical interconnect market. The rising demand for increased bandwidth capacity and reducing power consumption in data center networks is also catalyzing the market growth. Apart from this, the increasing network traffic, from both private and government sectors, has led to a rise in the demand for optical interconnect devices to utilize resources and handle cloud computing systems efficiently. Presently, there is an increase in the adoption of optical interconnect devices, which favor the growth of several information-centric industries, on account of the rising trend of digitalization and cloud applications facilitating rapid communication. Looking forward, IMARC Group expects the global optical interconnect market to grow at a CAGR of around 11% during the forecast period (2021-2026).
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- Finisar
- Mellanox Technologies
- Molex
- Oclaro
- Sumitomo Electric Industries
- Broadcom
- TE Connectivity
- Amphenol
- Juniper Networks
- Fujitsu
- Infinera Corporation
- Lumentum Holdings
- Furukawa OFS
- 3M Company
Optical Interconnect Market Segmentation:
Our report has categorized the market based on region, product type, interconnect level, fiber mode, application and end use industry.
Market Breakup by Product Type:
- Cable Assemblies
- Connectors
- Optical Transceivers
- Free Space Optics, Fiber and Waveguides
- Silicon Photonics
- PIC-Based Interconnects
- Optical Engines
Market Breakup by Interconnect Level:
- Chip- & Board-Level Interconnect
- Board-To-Board and Rack-Level Optical Interconnect
- Metro & Long Haul Optical Interconnect
Market Breakup by Fiber Mode:
- Multi-Mode Fiber
- Single-Mode Fiber
Market Breakup by Application:
- Data Communication
- Data Center
- High-Performance Computing (HPC)
- Telecommunication
Market Breakup by End Use Industry:
- Military and Aerospace
- Consumer Electronics
- Automotive
- Chemicals
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021- 2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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