Active Optical Cable Market Revenues Escalating by Propitious Insurgence of Data Centers and Lucrative Prospects in Consumer Electronics Industry
The active optical cable market size at a staggering CAGR of 32.91% during the forecast period 2019-2025.
(firmenpresse) - The contemporary technology regime is witnessing a massive increase in the number of data centers across the world which is creating a significant demand influx in the active optical cable market. This is particularly because of the cablealso makes it useful for the uninterrupted power supply. Furthermore, the market is also experiencing some lucrative opportunities due to the demand emerging from the consumer electronics & telecom sector and the advent of digital signage is further augmenting the active optical cable market size that was evaluated at $815 million as of 2018. While these factors are producing some lucrative opportunities, the foreseeable future of the Internet of Things (IoT) is creating new horizons for players in terms of the active optical cable market share.
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The growth of the active optical cable market can be further gauged by the increasing trade of entities belonging to the parent industry. The trade value of entities including active optical cables was $130.81 billion in 2018, and the figure had witnessed a year on year growth of 11%. Some part of this increase in trade value is attributable to the growing demand for active optical cable market because of which the companies are striving to expand their capacities in order to gain the maximum active optical cable market share. For instance, Silicon Line GmbH doubled its production capacity of active optical cables for HDMI, display port, and USB3 in order to gain the maximum active optical cable market revenues.
The upcoming years are poised to experience further proliferation of data centers worldwide, which will further augment the active optical cable market size at a staggering CAGR of 32.91% during the forecast period 2019-2025.
North America Dominated the Global Industry with the Active Optical Cable Market Share of 40.14% in 2018:
Owing to the advanced IT infrastructure and prevalence of data centers across the US and Mexico, North America was attributed as the most lucrative active optical cable marketplace in 2018.
Here are some of the factors that have been impacting the active optical cable market in North America
The abundance and the growth in the number of data centers in the US can be fathomed by the fact that data centers in the country are projected to consume approximately 73 billion kWh in 2020. Now, this growing number of data centers will require more active optical cables and more so when these cables are found to be helpful in reducing the energy usage from data centers. The energy usage through data centers was already 70 billion kWh in 2014, and the figure has increased through to 2018 which evinces the increase in the number data centers that led to an increase in the active optical cable market size in the US. The upcoming years foresee further growth of the data centers industry in the US, which will create a myriad of opportunities in the North America active optical cable market.
Active Optical Cable Market
The growth prospects for the active optical cable market players in the data centers application segment is attributable to the fact that cloud market has been gaining a lot of traction from the digital customers. Global internet traffic is tripled since 2015, and it is expected to further double by 2022 to 4.2 zettabytes per year. Furthermore, the number of IoT users is also increasing from 7.5 billion in 2018 to 25 billion by 2025. These trends are increasing the number of data centers in the world, and therefore, the upcoming years will witness further growth of the active optical cable market in the data centers application segment.
The expansion of the consumer electronics industry worldwide is palpable in the growing number of mobile subscribers or smartphone users. The number of unique mobile subscribers were 5.1 billion in 2018, and the figure is projected to attain a value of 5.8 billion by the end of 2025. With the growing number of mobile users, the active optical cable market demand is increasing because it is used for charging purpose and also helps in reducing the energy consumption during the process. In the wake of the prospects in the consumer electronics industry, the players are offering products to increase their active optical cable market shares. For instance, Cosemi Technologies Inc. has introduced the industryain more revenues.
Active Optical Cable Market Top 10 Companies
The companies with the maximum active optical cable market share that are capitalizing on the emerging opportunities in data centers and consumer electronics sectors are TE Connectivity Limited, Finisar Corporation, The Siemon Company, Broadcom Inc., FCI Electronics, Molex Incorporated, Shenzhen Gigalight Technology Co., Ltd., EMCORE Corporation, and The 3M Company.
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