Portland, June 24, 2020 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the global consumer active optical cable market generated $80.9 million in 2018, and is estimated to reach $383.0 million by 2026, witnessing a CAGR of 19.7% from 2019 to 2026. The report offers an extensive analysis of changing market trends, key winning strategies, company profiles, major segments, and competitive landscape.
Increase in higher bandwidth demand, rise in investments by governments for better connectivity in China, and surge in penetration of video on demand, gaming, video conferencing, and home surveillance services drive the growth of the global consumer active optical cable market. However, high capital investment related to the active optical cable and limitations regarding optical network security fiber hack hinder the market growth. On the other hand, technological advancements in fiber optics create new opportunities in the coming years.
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Covid-19 scenario:
- During the coronavirus pandemic, the demand for consumer active optical cables has been increased due to its application in network connectivity for video conferencing and corporate meetings during work from home.
- However, the sales channel and manufacturing activities have been negatively impacted during global lockdown.
- The new installation activities of AOC in IT and corporate offices have been postponed due to the Covid-19 outbreak.
The report offers a detailed segmentation of the global consumer active optical cable market based on technology, connector type, and region.
Based on technology, the HDMI segment contributed to the largest share in 2018, accounting for nearly one-third of the total share, and is estimated to maintain its dominant position during the forecast period. However, the same segment is expected to register the highest CAGR of 22.6% from 2019 to 2026.
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Based on connector type, the SFP segment accounted for the largest share in 2018, holding nearly two-thirds of the total share, and is expected to maintain the largest share throughout the forecast period. However, the CFP segment is estimated to portray the highest CAGR of 26.5% during the forecast period.
Based on region, North America contributed the highest share, accounting for nearly two-fifths of the total market share in 2018, and will maintain its dominance throughout the forecast period. However, Asia-Pacific is expected to grow at the highest CAGR of 23.9% from 2019 to 2026.
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Leading market players analyzed in the research include Finisar Corporation, Amphenol Corporation, Shenzhen Gigalight Technology, Sopto Technologies, IBM Corporation, Broadcom, Fujitsu, 3M Corporation, Siemon, Molex, LLC.
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