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. The key factors fueling the growth of the market are the rise in the global deployment of datacenters and the surge in the global adoption of cloud computing, big data analytics, and IoT.
Key players operating in the optical interconnect market include manufacturers of optical interconnect products. These companies are II-VI Incorporated (US); Lumentum Operations LLC (US); Molex, LLC (US); InnoLight Technology (Suzhou) Ltd. (China); NVIDIA Corporation (US); Fujitsu Ltd. (Japan); Sumitomo Electric Industries, Ltd. (Japan); Broadcom Inc. (US); TE Connectivity (Switzerland); Amphenol Corporation (US); Accelink Technology Co. Ltd. (China); Juniper Networks, Inc. (US); Infinera Corporation (US); Acacia Communications, Inc. (US); NeoPhotonics Corporation (US); Optoscribe Ltd. (UK); Smiths Interconnect (UK); Cailabs (France); Fiberplex Technologies, LLC (US); and Cleerline Technology Group (US). These companies focus on adopting both organic and inorganic growth strategies, such as new product launches and developments, acquisitions, collaborations, contracts, and expansions, on strengthening their position in the market.
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Top Players in Optical Interconnect Market:
II-VI Incorporated is a leading provider of optical interconnects across the world. It holds the largest share of the overall optical interconnect market owing to its portfolio, comprising a wide range of products. The company witnessed an 18% growth in its revenue between FY 2018 and FY 2019 owing to an increase in the sales of its optical communication products. Moreover, it has been focusing on strategic acquisitions, collaborations, and new product launches to sustain its position in the market. For instance, in February 2020, II-VI Incorporated collaborated with Infinera Corporation to launch XR optics-based networking solutions in the market. Similarly, in September 2019, the company acquired Finisar Corporation and expanded its presence in the optical interconnect market. Thus, the company could continue expanding its product portfolio and adopting inorganic growth initiatives such as acquisitions and partnerships in the future.
Lumentum Operations LLC holds a strong position in the optical interconnect market. The company foresees its growth by adopting inorganic growth strategies. For instance, in February 2020, the company collaborated with Infinera Corporation to launch XR optics-based networking solutions in the market. In December 2018, Lumentum Operations LLC acquired Oclaro, Inc. that strengthened its position in the optical interconnect market. However, organic growth initiatives are also important for the company to sustain its position in the highly competitive optical interconnect market. Thus, the company is expected to introduce new optical interconnect products in the market in near future.
Optical Interconnect Market by Product Category (Cable Assemblies, Connectors, Optical Transceivers), Interconnect Level, Fiber Mode, Data Rate, Distance, Application (Data Communication, Telecommunication), Region - Global Forecast to 2025
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