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 interconnect refers to a high-speed networking system used for transmitting signals from one part of an integrated circuit to another through light. It involves the use of optical transceivers, engines, transceivers, silicon photonics, embedded optical modules (EOMs) and active optical cables (AOCs). They use waveguides for signal transmission and are widely utilized in optical routing networks for transferring the signals to multiple locations. Optical interconnect aids in reducing power dissipation in interconnects, receiving digital signals from network equipment and voltage isolation. It finds extensive applications for telecommunication and data communication.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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Global Optical Interconnect Market Trends:
The global optical interconnect market is primarily being driven by the increasing demand for improved communication bandwidth capacities. Organizations are emphasizing on developing highly efficient interconnects for higher data transfer speeds and enhanced security. Moreover, various technological advancements, such as the integration of the Internet of Things (IoT) and cloud computing solutions that aid in improved data transmission rates, connectivity and reduced infrastructural costs, are providing a thrust to the market growth. Other factors, including rising penetration of high-speed internet and significant improvements in the information technology (IT) infrastructure, are anticipated to drive the market toward growth.
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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.
- Mellanox Technologies
- Sumitomo Electric Industries
- TE Connectivity
- Juniper Networks
- 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
- 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)
Market Breakup by End Use Industry:
- Military and Aerospace
- Consumer Electronics
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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