USD 5.78 billion Growth in Active Optical Cable Market Size With 55% of the Contribution from APAC and Accelerating CAGR of 25.93% - Technavio
NEW YORK, Sept. 6, 2022 /PRNewswire/ -- The "Active Optical Cable Market Forecast and Analysis 2022-2026" report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the active optical cable market between 2021 and 2026 is USD 5.78 billion, as per the latest market analysis report by Technavio. The report predicts the market to witness an accelerating growth momentum at a CAGR of 25.93%. Technavio categorizes the global active optical cable market as a part of the global consumer electronics market within the global household durables market. One of the key factors driving growth in the active optical cable market is the expansion of data centers. The adoption of 5G networks is an active optical cable market trend that is expected to have a positive impact in the coming years. However, the complexities involved in wired communication networks will be a major challenge for the active optical cable market during the forecast period.
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Key Market Segment Highlights:
The active optical cable market report is segmented by End-user (data center, consumer electronics, high performance computing, telecommunication, and others) and Geography (APAC, North America, Europe, South America, and Middle East and Africa).
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Key Market Vendor Landscape
The active optical cable market is fragmented and the vendors are deploying growth strategies such as focusing on launching new and innovative products, cost-effective production cycles, and technological developments to compete in the market. This statistical study of the active optical cable market encompasses successful business strategies deployed by the key vendors. The active optical cable market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. To make the most of the opportunities and recover from the pandemic impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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