The Active Optical Cable Market is predicted to grow, driven by advancements in networking technologies

From GlobeNewswire: 2024-10-22 15:30:00

Custom Market Insights released a report on the Active Optical Cable Market, predicting growth from USD 7,258.1 Million in 2023 to USD 8,288.8 Million in 2024, reaching USD 27,383.2 Million by 2033 with a 14.2% CAGR. AOCs meet high-speed data transmission demands in data centers, telecommunications, and cloud computing, with advantages over copper cables like higher data rates and lower power consumption. The market is driven by advancements in networking technologies, data center expansion, cloud computing adoption, and the demand for high-performance computing systems. AOCs also see growing adoption in consumer electronics for applications like high-definition video streaming and gaming. Major players like II-VI Incorporated and Broadcom have introduced innovative products to address the increasing need for fast and efficient data transmission in server environments. The COVID-19 pandemic has impacted the market by disrupting supply chains, reducing IT spending, and accelerating 5G networks, while also driving resilience in data center expansion, recovery in high-performance computing, and a return in consumer electronics demand. The pandemic has led to challenges and opportunities in the market, with investments in semiconductor manufacturing supporting the production of AOC components and meeting the growing demand for high-speed connectivity solutions.



Read more at GlobeNewswire: [Latest] Global Active Optical Cable Market Size/Share