Active Optical Cable Market is Poised to Grow at Robust CAGR of 18.15% to Reach Staggering Valuation of USD 2,177.68 Million By 2032: Astute Analytica [Yahoo! Finance]
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Source: Yahoo! Finance
supply chain volatility and competition from emerging wireless and direct-attach cable technologies. New Delhi, May 08, 2024 (GLOBE NEWSWIRE) -- The global active optical cable market kicked off 2023 with a valuation of US$ 485.39 million and is forecast to surge past US$ 2,177.68 million by 2032 at an impressive CAGR of 18.15% throughout the forecast period 2024-2032. Active optical cables (AOCs) are gaining traction due to their ability to transmit data at high speeds over long distances. This is primarily driven by the use of optical fibers which offer superior bandwidth and signal integrity compared to traditional copper cables. The increasing demand for high-bandwidth solutions in various sectors like telecommunication and data centers is a major factor propelling the Active optical cable market growth. The emergence of 5G technology further emphasizes the need for AOCs as they can handle data transmission without compromising performance over longer distances. Additionally,
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