The UK optical interconnect market is projected to grow at a significant CAGR of around 10.5% during the forecast period. Several factors that are propelling the growth of the UK optical interconnect market include increasing data security concerns coupled with the emergence of new regulations, such as GDPR and better telecommunication infrastructure within the country. Moreover, growing penetration of the mobile phone further raises the demand of optical interconnect solutions in the country. UK has 79.2 million subscriptions of mobile connection which is about 121 subscriptions per 100 inhabitants. As per the ITU, an estimated 61 million people use the internet in the country which is around 95% of the total population in 2018, as compared to 92% in 2015. The rising internet penetration in the country further provide significant opportunity to the market in the near future.
The UK market for optical interconnect is segregated on the basis of product type and application industry. Based on the product type, the market is further classified into connectors, cable assemblies, optical transceivers silicon photonics, and others. The cable assemblies segment is projected to have a considerable share in the UK market. Based on the application, the UK optical interconnect market is further segmented into data communication and telecommunication. The data communication segment estimated to have a considerable share in the market owing to the growing number of data centers across the region and the rising adoption of big data analytics in small and medium enterprises. However, the telecommunication segment is projected to have significant growth during the forecast period.
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UK Optical Interconnect Market – Segmentation
By Product Type
- Connectors
- Cable Assemblies
- Optical Transceivers
- Silicon Photonics
- Other ( Optical Engines)
By Application
- Data Communication
- Telecommunication
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Company Profiles
- II-VI Inc.
- Acacia Communications, Inc.
- Accelink Technology Co. Ltd.
- Amphenol Corp
- Broadcom Inc.
- Corning Inc.
- Fujitsu Ltd.
- Furukawa Electric Co., Ltd.
- Huawei Technologies Co., Ltd.
- InnoLight Technology (Suzhou) Ltd.
- Infinera Corp.
- Intel Corp.
- Juniper Networks, Inc.
- Lumentum Operations LLC
- Molex, LLC
- NVIDIA Corp.
- NeoPhotonics Corp.
- Optoscribe Ltd.
- Sumitomo Electric Industries, Ltd.
- TE Connectivity Corp.
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