The global active optical cable market size was US$ 2,291.3 million in 2021. The global active optical cable market is forecast to grow to US$ 17,071.2 million by 2030 by registering a compound annual growth rate (CAGR) of 21.5% during the forecast period from 2022 to 2030.
Factors Influencing the Market
The global active optical cable market is forecast to grow at a significant growth rate due to the growing infrastructural changes. In addition, the advantages of active optical cables over other communication cables will fuel the growth of the market.
Growing demand for faster optical networks by the telecom sector will also fuel the growth of the market. Several telecom companies, including China Telecom, Airtel, Telstra, etc., have started utilizing optical cables for communication. Thus, it will benefit the market over the forecast period.
The fact that active optical cables use higher bandwidth to share a large amount of data that can be transmitted without any interruption will accelerate the growth of the global active optical cable market. On the contrary, the high initial investment required for active optical cables may limit the growth of the market during the study period.
Advancements in fiber optic technology and 5G rollout are expected to be opportunistic for industry players during the study period. In addition, the rising demand for improved connectivity is expected to offer lucrative growth opportunities for the market.
COVID-19 Impact Analysis
The COVID-19 pandemic is expected to be the biggest threat to the active optical cable industry. The global pandemic has halted the growth rate of the active optical cable industry. Furthermore, nationwide lockdown in various states limited the demand for active optical cables. The market may also witness a negative impact due to the temporary shutdown of manufacturing units.
Regional Analysis
The Asia-Pacific active optical cable market is forecast to grow at the highest rate, owing to increasing requirements for connectivity improvement. Furthermore, the growing use of 3G/4G/5G services and 5G rollout will be opportunistic for the service providers during the study period. Furthermore, growing infrastructural development in emerging economies like China and India will also be beneficial for the active optical cable market. Apart from that, stiff competition is expected to force industry players to explore new technologies in the coming years. Thus, it will contribute to the growth of the Asia-Pacific active optical cable market during the forecast period.
Competitors in the Market
Market Segmentation
The global active optical cable market segmentation focuses on Technology, Connector, Application, and Region.
By Technology Outlook
By Connector Type Outlook
By Application Outlook
By Regional Outlook
