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Major participants are focus on implementing different growth strategies to strengthen their offerings and expand their market reach. These strategies involve new product developments & launches, partnerships & collaborations, mergers & acquisitions, and customer retention. The market players also heavily invest in research & development to introduce innovative and technologically advanced solutions in the market.
Some of the major players operating in the active optical cable & extender industry are:
The PCI Express (PCIe) segment held over 12% share of the active optical cable & extender market in 2023 and is expected to register an appreciable CAGR from 2024 to 2032 due to rising need to cater to specific requirements of industries, such as data centers, telecommunications, and entertainment.
Asia Pacific held over 30% share of the active optical cable & extender market in 2023 and is expected to register a commendable CAGR from 2024 to 2032 due to the substantial investments and construction activities in the region.
Amphenol Communications Solutions, Broadcom Inc., Coherent Corp., Corning Incorporated, Eaton Corporation Plc, Molex LLC, and T&S Communication Co., Ltd. are some of the major active optical cable & extender companies worldwide.
The market size of active optical cable & extender was crossed USD 4 billion in 2023 and is expected to register over 15% CAGR from 2024 to 2032, owing to the increasing trend toward higher data transfer rates and expanded bandwidth worldwide.