Portland, OR -- (SBWIRE) -- 09/25/2017 -- Global active optical cable market was valued at $481.3 million in 2015, and is expected to reach $3,480.7 million by 2022, supported by a CAGR of 32.7% during the forecast period 2016 to 2022.

An active optical cable (AOC) is a cabling technology that uses optical fiber between the connectors to improve the cable's performance. There is a rise in demand for AOC as it serves as an alternative to copper cables, due to its various advantages such as small bend radius for easy installment, low power consumption, and light weight. Applications of these cables have expanded, from high-performance computers to networking and storage with the support of many protocols. In addition, AOCs rely on different protocols, such as InfiniBand, USB, and Ethernet, for data transmission.

The global active optical cable market is primarily driven by a growth in the demand for active optical cables in data centers and an increase in the demand of high bandwidth networks. Cloud based applications; audio and video services, online gaming, and CATV require high-speed data services, which are facilitated by the use of AOCs. However, the high initial investment and the threat of replacement from copper cables and wireless broadband limits the growth of this market. The advancement in the fiber optics technology provides numerous opportunities in this market.

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The active optical cable market is concentrated; the top five leading players including Finisar Corporation, Avago technologies, Oclaro, Inc., Viavi Solutions Inc. and Sumitomo Electric Industries, Ltd. occupy around 65% of the overall AOC market. The AOC market is currently dominated by Finisar Corporation. The company has focused on the datacom sector; and a large part of its sales came from this sector in 2015. However, other players such as Avago technologies and Oclaro, Inc. are expected to give a tough competition to Finisar in the future. The primary factors that enable companies to strengthen their market position through strategic moves are product launches, partnerships, agreements, company acquisitions, and geographic expansions.

Segment review

The active optical cable market is segmented on the basis of protocol, connector, application, and geography. The protocol segment is further categorized into InfiniBand, Ethernet, HDMI, DisplayPort, USB, and others (Thunderbolt and PCI Express). Currently, the InfiniBand segment holds a significant share in the overall market, due to its increased usage in commercial applications such as data centers and high-performance computing. The connector segment is divided into QSFP, CXP, CDFP, CFP, SFP, and others (CX4 and mixed connectors). Among the connector segment, QSFP and CXP accounted for the maximum share in 2015. The application segment includes data center, high-performance computing, personal computer, digital signage, consumer electronics, and others (transport, telecom cable, medical, airport, aircrafts, and ships) In the year 2015, data centers contributed the highest revenue share, accounting for around 50% of the overall market revenue.

Based on geography, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA. In addition, the report covers country-wise cross-sectional analysis of the protocol, connector, and application segments.Active optical cable protocol includes InfiniBand, Ethernet, HDMI, DisplayPort, USB, and others. Amongst these, the InfiniBand segment holds a significant share in the global active optical cable market, due to its increased usage in commercial applications, such as data centers and high performance computing.

Key Findings of Active Optical Cable Market:
- InfiniBand protocol segment holds significant share in the global AOC market.
- QSFP accounted for a larger share in connector segment in 2015 and is expected to dominate during the forecast period. The segment is anticipated to lead the market with over 42.9% revenue share.
- In the year 2015, data center application contributed the highest revenue share, accounting for around 50% of the overall market revenue.
- Digital signage is expected to be the most prominent application of AOC with highest CAGR of 37.3% during the forecast period.
- In the year 2015, North America held the largest market size.
- Asia-Pacific constituted nearly 21.5% of the total market value in 2015 and is projected to grow at the fastest rate.

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