What is the global market size of Optical Interconnect Market?

Global optical interconnect market size was valued at USD 11.6 billion in 2022 and is poised to grow from USD 13.05 billion in 2023 to USD 33.48 billion by 2031, growing at a CAGR of 12.5% in the forecast period (2024-2031).

Optical Interconnect Market Size, Share, Growth Analysis, By Product(Cable Assemblies (Indoor Cable Assemblies, Outdoor Cable Assemblies, Active Optical Cables, Multi-source Agreements)), By Interconnect Level(Metro and Long-haul Optical Interconnect, Board-to-Board and Rack-level Optical Interconnect, Chip- and Board-level Optical Interconnect), By Fiber Mode(Single Mode Fiber, and Multimode Fiber), By Data Rate(Less than 10 Gbps, 10 Gbps to 40 Gbps, 41 Gbps to 100 Gbps, and More than 100 Gbps), By Distance(Less than 1 km, 1 km to 10 km, 11 km to 100 km, and more than 100 km), By Application(Less than Data Communication, and Telecommunication), By Region - Industry Forecast 2024-2031

Report ID: SQMIG45K2106 | Region: Global | Published Date: October, 2024
Pages: 198 | Tables: 93 | Figures: 69

Optical Interconnect Market News

In June 2023, Google and Microsoft collaborated with Lumen Technologies to create and launch a new optical interconnect ecosystem. This solution will satisfy the demand for high bandwidth whilst switching between networks dynamically.

Smiths Interconnect, a renowned name in the global optical interconnect space announced the launch of its new blind-mate optical interconnect system back in February 2022. The new launch was compliant with military standards.

Reflex Photonics, a Canada-based company was awarded a contract to supply optical module devices back in May 2021. These modules were intended to be used in high throughput communication satellites.

Optical Interconnect Market Report Snapshots

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Global Optical Interconnect Market size was valued at around USD 12.7 billion in 2022 and is expected to rise from USD 14.7 billion in 2023 to reach a value of USD 40.7 billion by 2031, at a CAGR of 13.6% over the forecast period (2024–2031).

Optical interconnect providers can benefit from the growing adoption of advanced digital technologies as they bring about the need for high-speed data transfers. Increasing adoption of cloud-based platforms is another trend that will help new as well as established optical interconnect market players to maximize their business potential across the forecast period and beyond. Optical interconnect providers can also collaborate or partner with tech companies that are looking to increase their bandwidth to grow their business in the future. Moreover, companies can always focus on research and development of novel optical interconnect technologies to create innovative new products. 'Coherent Corp ', 'Lumentum Operations LLC ', 'Molex, LLC ', 'Innolight Technology (Suzhou) Ltd. ', 'NVIDIA Corporation ', 'Sumitomo Electric Industries, Ltd. ', 'Broadcom Inc. ', 'TE Connectivity ', 'Fujitsu Ltd. ', 'Infinera Corporation ', 'Acacia Communications, Inc. ', 'Accelink Technology Co. Ltd. ', 'Juniper Networks, Inc. ', 'Amphenol Corporation ', 'NeoPhotonics Corporation ', 'Optoscribe Ltd. ', 'Smiths Interconnect ', 'Cailabs ', 'Fiberplex Technologies, LLC ', 'Cleerline Technology Group'

Growing data centers and surging adoption of advanced digital services around the world are projected to promote high-speed data transmission worldwide. Optical interconnect solutions can fulfil this demand and hence this can drive optical interconnect market growth in the future.

Advent of Silicon Photonics: Silicon photonics is the trend of integrating optical components on a single silicon chip. Optical interconnect companies can leverage this trend to maximize their sales by focusing on products such as CMOS semiconductor electronics. This trend can also help companies capitalize on the growing demand for miniaturization of electronics.

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.

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