Report ID: SQMIG45K2106
Report ID:
SQMIG45K2106 |
Region:
Global |
Published Date: October, 2024
Pages:
198
|
Tables:
93 |
Figures:
69
Asia Pacific is slated to emerge as the fastest-expanding regional market in the global optical interconnect market. The ongoing development in the communication sector in the Asia Pacific region is majorly driving the sales of optical interconnect systems. China and India are key markets for optical interconnect producers. Most optical cable demand is observed from China. Thus, the presence of strong end users and dominance of domestic markets is fueling the sales of optical interconnect systems.
High internet usage and the presence of giant data centers are boosting the high sales of optical interconnects in North America allowing us to hold a prominent chunk of the global market share. The United States and Canada are majorly contributing to the North American market growth. Key market players operating in North America are focusing on acquisitions to increase their market shares. Furthermore, growing investments in the deployment of 5G networks are increasing the need for effective optical interconnect systems. The rapid growth in the equipment manufacturing sector is also increasing the demand for optical interconnect solutions in North America.
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Report ID: SQMIG45K2106