"Current And Future Optical Interconnect Market Size, Key Players, Analysis and 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. One of the factors fueling the growth of the market includes increase in the deployment of datacenters across the world and rise in investments by the industry players to increase their optical interconnect production.
Optical interconnects use
light signals to transmit data from one part of an integrated circuit to
another. The requirement of enhanced performance multiprocessors leads to the demand for high-speed optical interconnects. Traditional
copper-based electric interconnects are
being replaced with optical interconnects as the performance of electric interconnects degrades after 1 Gbps data rate
and causes signal latency, crosstalk, and frequency-dependent attenuation. The
adoption of optical interconnects has increased over the years as they offer high-speed
data transmissions, have low power consumption, and cause low signal attenuation.
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The cable assemblies product segment
held the largest size of the optical interconnect market in 2019. 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.
Based on interconnect level, the
board-to-board and rack-level optical interconnect
segment held the largest share of the optical interconnect market in 2019. The dominance of this segment can be attributed
to the increased demand for optical interconnects for data communication in datacenters, as well as in high-performance computing
and cloud computing applications.
Based on application, the data
communication segment held a larger share of the optical
interconnect market than the
telecommunication segment from 2020 to 2025. The growth of this segment can be attributed
to the ongoing adoption of cloud storage and increasing technological
developments taking place in the field of machine learning, artificial
intelligence, and deep learning. This, in turn, increases data traffic across
networks, thereby leading to significant
demand for high data rate transceivers used for efficient data communication.
North America accounted for the largest share of the optical
interconnect market in 2019. The growth of the market in North America can be attributed
to the presence of some leading datacenter
companies such as Microsoft, Google, Amazon, Facebook, and Apple in the US. These companies have a large number of hyperscale datacenters
installed across the region, thereby contributing significantly to the growth
of the optical interconnect market in North America.
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