data communication application segment to lead the optical interconnect market

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MarketsandMarkets Presents
Optical Interconnect Market by Product Category
(Cable Assemblies, Connectors, Optical
Transceivers), Interconnect Level, Fiber Mode,
Data Rate, Distance, Application (Data
Communication, Telecommunication), Region -
Global Forecast to 2025 The optical interconnect
market is projected to grow from USD 9.0 billion
in 2020 to USD 17.1 billion by 2025 it is
expected to grow at a CAGR of 13.7 from 2020 to
2025.
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MarketsandMarkets Presents
The single mode fiber segment held a larger
share of the optical interconnect market than the
multimode fiber segment in 2019. The single mode
fiber segment is projected to account for a
larger size of the optical interconnect market
from 2020 to 2025 than the multimode fiber
segment. The major factor contributing to the
growth of this segment of the market is the high
adoption of optical interconnects for
long-distance data transmission
applications. Download PDF Brochure _at_
https//www.marketsandmarkets.com/pdfdownloadNew.a
sp?id89222473 Optical interconnects with single
mode fibers offer high data transfer rates for
long-distance transmissions with only one type of
signal.
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MarketsandMarkets Presents
The chip- and board-level optical interconnect
segment is projected to grow at the highest CAGR
during the forecast period. The chip- and
board-level optical interconnect segment of the
market is projected to grow at the highest CAGR
during the forecast period. The major factor
contributing to the growth of this segment is the
increasing requirement of fast processors with
low power consumption and high data transmission
rates. 
4
MarketsandMarkets Presents
The data communication application segment led
the optical interconnect market in 2019. Based
on application, the optical interconnect market
has been segmented into data communication and
telecommunication. The data communication is
projected to lead the optical interconnect market
during the forecast period. The growth of this
segment can be attributed to the increased
adoption of optical interconnects in datacenters
and high-performance computing (HPC) applications
owing to their high data transmission rates. The
rising number of datacenters across the world is
expected to drive the growth of this segment of
the market. Optical interconnects offer a wide
range of data rates for both intra- and
inter-datacenter interconnection purposes. Hence,
leading datacenter companies such as Google,
Alibaba, Microsoft, Facebook, and Apple use
optical interconnects in their datacenters.
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MarketsandMarkets Presents
The cable assemblies segment held the largest
share of the optical interconnect market in
2019. In 2019, the cable assemblies segment
held the largest share of the optical
interconnect market. The growth of this segment
can be attributed to the increased deployment of
fiber optics in datacenters and telecommunication
applications across the world. These cable
assemblies offer high data rates and low
attenuation required by high bandwidth
connectivity applications
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MarketsandMarkets Presents
Key players in the optical interconnect market
Companies operating at different stages of the
value chain. II-VI Incorporated (US) Lumentum
Operations LLC (US) Molex, LLC (US) InnoLight
Technology (Suzhou) Ltd. (China) NVIDIA
Corporation (US) Fujitsu Ltd. (Japan) Sumitomo
Electric Industries, Ltd. (Japan) Broadcom Inc.
(US) TE Connectivity (Switzerland) Amphenol
Corporation (US) Accelink Technology Co. Ltd.
(China) Juniper Networks, Inc. (US)
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MarketsandMarkets Presents
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