DALLAS, Oct. 31, 2018 (GLOBE NEWSWIRE) -- According to a new market report published by Lucintel, the future of the active optical cable market looks attractive with opportunities in the data center, high performance computing, consumer electronics, telecommunication, and other applications. The global active optical cable market is expected to reach an estimated $2.9 billion by 2023 with a CAGR of 22.0% from 2018 to 2023. The major growth drivers for this market are increasing internet traffic throughout the world, growth in high performance computing, and increasing penetration of active optical cables in consumer electronic devices.
Browse 105 market data tables and 122 figures spread through 203 pages and in-depth TOC on “Global Active Optical Cable Market" at https://www.lucintel.com/active-optical-cable-market-2018.aspx
In this market, Ethernet, InfiniBand, PCI Express (PCIe) are used for active optical cable manufacturing for protocol type. Lucintel forecasts that Ethernet active optical cable will remain the largest protocol type and it is also expected to witness the highest growth due to the increasing usage of active optical cables for high performance computing and growth in inter and intra rack connectivity within a data center. Download Free PDF Brochure @ https://www.lucintel.com/active-optical-cable-market-2018.aspx#/
North America is expected to remain the largest market due to the presence of mega data centers of technology giants such as, Google, IBM, and Microsoft. Pre-Purchase Query click https://www.lucintel.com/active-optical-cable-market-2018.aspx#/
Emerging trends, which have a direct impact on the dynamics of the active optical cables industry, include increasing trend towards development of active optical cables with ultra-small form factors and increased transmission density, increasing demand for optical modules with reduced dimensions and increased port density, and deployment of active optical cables in consumer electronic devices such as mobile phones, notebooks etc. Finisar Corporation, 3M, and Hitachi Cables America are among the major suppliers of active optical cable.
Lucintel, a leading global market research firm has analyzed and forecasted growth opportunities for global active optical cable market by protocol, application, form factor type, speed type, and region has compiled a comprehensive research report entitled “Growth Opportunities in the Global Active Optical Cable Market 2018-2023: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions.
For a detailed table of contents, contact Lucintel at +1-972-636-5056 or mail at helpdesk@lucintel.com.