How big is the Optical Interconnect Market?

The Optical Interconnect Market size is expected to reach USD 17.14 billion in 2024 and grow at a CAGR of 13.15% to reach USD 31.80 billion by 2029. Read More

What is the current Optical Interconnect Market size?

In 2024, the Optical Interconnect Market size is expected to reach USD 17.14 billion. Read More

Who are the key players in Optical Interconnect Market?

3M Company, Sumitomo Electric Industries, Ltd., Molex Electronic Solutions, Amphenol Corporation and TE Connectivity are the major companies operating in the Optical Interconnect Market. Read More

Which is the fastest growing region in Optical Interconnect Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Optical Interconnect Market?

In 2024, the Asia Pacific accounts for the largest market share in Optical Interconnect Market. Read More

What years does this Optical Interconnect Market cover, and what was the market size in 2023?

In 2023, the Optical Interconnect Market size was estimated at USD 15.15 billion. The report covers the Optical Interconnect Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Optical Interconnect Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Optical Interconnect Market - Revenue, Size & Forecast

Optical Interconnect Industry Overview

The Optical Interconnect Market is fragmented in nature and is characterized by the presence of several key vendors and other prominent vendors. The key vendors are increasingly focusing on creating awareness about the optical Interconnect development courses and their benefits, along with new innovation and acquisitions. Further, global vendors are trying to stabilize themselves in the market, through strategic collaborations and investements. Key players are 3M, Sumitomo Electric Industries, etc.

December 2020 - Corning Inc. spent USD 450 million to expand its Cabarrus County fiber optic cable plant in Concord, N.C., generating 475 new jobs and making it the largest such facility in the world.
November 2020 - Ayar Labs, which makes chip solutions based on optical networking principal's architecture raised USD 35 million in a Series B round of funding. According to the company's CEO, the funding will be used to continue developing its product and working on further commercialization. The main application area for the company's technology is next-generation computing, anywhere that there is a massive movement of data, including aerospace and government applications, artificial intelligence and high-performance computing, telecoms and cloud applications, and lidar for self-driving car and other autonomous systems.