Fiber Optical Interconnects Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 To 2029

Continuously growing application in the automation sector for the purpose of handling network tasks earlier which was being done manually is expected to drive the growth of the fiber optical interconnects market

The fiber optical interconnects market worldwide is expected to grow with a CAGR of 18.2% during the forecast period from 2021 to 2029, starting from US$ 5.89 Bn in 2020. Advanced fiber optic interconnect technologies helps in the process of enhancing 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 product & product developments, mergers, business partnerships, collaborations, and business extensions for the purpose of catering to the requirements of optical market. Nevertheless, high costs are usually associated with the application of the fiber optical interconnect technologies which has negatively impacted commercialization of this particular technology and all these issues have acted as the major restraints for fiber optical interconnects market.

Data Communication application to Continue Dominating the Market

Data communication application is estimated to hold largest market share throughout the forecast period and is also likely to maintain highest growth rate during the forecast period. Massive internet penetration resulting in the higher usage of the data center networks which has been a key reason for the growth of the fiber optic interconnect market which are being comprehensively used for the purpose of managing networks. Added to that, presence of the huge internet based businesses like Google and Facebook among others have 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 highest rate. The emergent population, fast increase in purchasing power parity, and rapid penetration of the Internet and the cloud computing are the major reasons for high growth rate globally for this market. Rising internet penetration accompanied by rising technical advancement has been the main factors driving the progression of fiber optic interconnect market in the Asia Pacific having China, South Korea, Japan and India be the major emergent countries.

Some of the prominent players operating in the fiber optic interconnect include Finisar Corporation , Molex, LLC , Mellanox Technologies, Ltd. , Acacia Communications Inc., Oclaro, Inc. , Broadcom Limited , TE Connectivity Ltd. , Amphenol FCI, Fujitsu Ltd., Infinera Corporation, Lumentum Holdings Inc, among others.

Historical & Forecast Period

This research report presents the analysis of each segment from 2019 to 2029 considering 2020 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2021 to 2029.

Key questions answered in this report

• What was the market size of Fiber Optical Interconnects in 2020 and forecast up to 2029?
• Which is the largest regional market for Fiber Optical Interconnects?
• What are the major trends followed in overall Fiber Optical Interconnects across different regions?
• Who are the key Fiber Optical Interconnects companies leading the market?
• What are the key strategies adopted by the leading Fiber Optical Interconnects companies in market?

Unique data points of this report

• Statistics on Fiber Optical Interconnects penetration and spending worldwide
• Recent trends across different regions in terms of adoption of Fiber Optical Interconnects across various applications
• Notable developments going on in Fiber Optical Interconnects
• Attractive investment proposition for segments as well as geography
• Comparative scenario for all the segments for years 2020 (actual) and 2029 (forecast)

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