Continuously growing applications in the automation sector for the purpose of handling network tasks earlier, which were being done manually, are expected to drive the growth of the fiber optical interconnects market.
The fiber optical interconnect market worldwide is expected to grow with a CAGR of 18.2% during the forecast period from 2019 to 2027, starting at US$ 4.32 Bn in 2018. Advanced fiber optic interconnects technologies help in the process of enhancing the capacity of the optical equipment by further reducing the operation cost. Major players operating in the fiber optical interconnects market adopted numerous strategies like launching new products and product developments, mergers, business partnerships, collaborations, and business extensions for the purpose of catering to the requirements of the optical market. Nevertheless, high costs are usually associated with the application of fiber optical interconnect technologies, which has negatively impacted the commercialization of this particular technology. All these issues have acted as major restraints for the fiber optical interconnect market.
Market Synopsis
Data Communication Application to Continue Dominating the Market
The data communication application is estimated to hold the largest market share throughout the forecast period and is also likely to maintain the highest growth rate during the forecast period. Massive internet penetration has resulted in higher usage of data center networks, which has been a key reason for the growth of the fiber optic interconnect market, which is being comprehensively used for the purpose of managing networks. Added to that, the presence of huge internet-based businesses like Google and Facebook, among others, has been the major growth driver for the fiber optical interconnects market.
Asia Pacific to Register the Fastest Growth
North America is projected to grasp the major market share and control the fiber optic interconnect market in the forecast period, whereas the market in the Asia Pacific region is anticipated to grow at the highest rate. The emerging population, the fast increase in purchasing power parity, and the rapid penetration of the Internet and cloud computing are the major reasons for the high growth rate globally for this market. Rising internet penetration, accompanied by rising technical advancement, has been the main factor driving the progression of the fiber optic to interconnect market in the Asia Pacific, with China, South Korea, Japan, and India being the major emerging countries.
Some of the prominent players operating in the fiber optic interconnect market include Finisar Corporation, Molex, LLC, Mellanox Technologies, Ltd., Acacia Communications Inc., Oclaro, Inc., Broadcom Limited, TE Connectivity Ltd., Amphenol FCI, Fujitsu Ltd., Infinera Corporation, and Lumentum Holdings Inc., among others.
Historical and Forecast Period
This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments is calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
The Fiber Optical Interconnects Market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global fiber optical interconnects market based on product categories, interconnect level, fiber mode, application, and geography. Key segments covered in the report are as follows:
Key questions are answered in this report.
What was the market size of fiber optical interconnects in 2018 and the forecast up to 2027?
Which is the largest regional market for fiber optical interconnects?
What are the major trends followed in overall fiber optic interconnects across different regions?
Who are the key fiber optic interconnect companies leading the market?
What are the key strategies adopted by the leading fiber optical interconnect companies in the market?
Unique data points of this report
Statistics on Fiber-Optical Interconnect Penetration and Spending Worldwide
Recent trends across different regions in terms of the adoption of fiber optical interconnects across various applications.
Notable developments are going on in fiber optic interconnects.
Attractive investment propositions for segments as well as geography
Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
Frequently Asked Questions:
The market for Fiber Optical Interconnects Market is expected to reach US$ 4.32 Bn in 2027.
The Fiber Optical Interconnects Market is expected to see significant CAGR growth over the coming years, at 18.2%.
The report is forecasted to 2019-2027.
The base year of this report is 2018.
Mellanox Technologies, Ltd.,Finisar Corporation,Molex LLC, Acacia Communications Inc.,Oclaro Inc. are some of the major players in the global market.
