The US Optical Interconnect Market is projected to grow at a significant CAGR of around 11.2% during the forecast period (2021-2027). The rise in the number of cyber-attacks and hacker linked with the rival nation that targets government organizations, systems, infrastructures to steal political insights are also very frequent. These are also estimated to have a positive impact on the growth of the market. Rising cyber-attacks in the US are estimated to continue the trend in the foreseeable future. This problem gives rise to the need for effective security systems for investigation of the cyber-crimes. Therefore, it is estimated to drive the growth of the market.
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Numerous cyber-attacks have surged an increase in the demand for enhanced communication services in the military and defense sector. For instance, in March 2019, in the US and Saudi Arabia, an Iranian cyber reconnaissance group attacked the government and digital industry infrastructure. Broad ranges of cyber-attacks have made every industry more aware of security; thus, optical encryption has taken off throughout the telecommunications market, especially for military and defense services. Various government organizations and enterprises are opting for optical interconnect to secure their data from cyber-attacks. Further, there are several projects such as Let’s Encrypt undertaken by the country’s government and other private organizations along with the key players that support the growth of the market during the forecast period.
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US 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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