Category: ICT

As per latest industry analysis published by Fact.MR, the global market for AR in education reached around US$ 1.5 Bn in 2020, and is slated to accelerate at a colossal CAGR of 80% to top US$ 85 Bn by 2031. Demand for AR in K12 is set to increase at a CAGR of 75% across the assessment period of 2021 to 2031.

Today’s learning process is becoming much more tuned to bring in the elements of interaction and creativity. By providing visual representations, AR helps students acquire, process, and remember information. Thereby, it helps them test out their knowledge in practice. Experimental learning is a crucial way to obtain new and innovative skills as it involves learning on the basis of conceptualization, observation, and testing situations.

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Key Segments Covered in AR in Education Industry Research

• Product
• • Use of AR Solutions in Education
  • Use of AR Hardware in Education
  • Use of AR Content Management in Education
  • Use of AR Gaming in Education
  • Use of AR Video Games in Education
• Application
  • AR in K-12
  • AR in Primary and Secondary Education
  • AR in Higher education

Key Takeaways from Market Study

• Global AR in education market to top US$ 85 Bn by 2031.
• AR in K12 projected to reach around US$ 30 Bn by 2031.
• AR in higher education projected to record above 75% CAGR over next 10 years.
• Market in North America holds share of more than 40%.
• Market in South Korea expected to reach valuation of US$ 12 Bn by 2031.
• Market in Australia to record 50% CAGR over forecast period of 2021- 2031.

“Implementation of AR in education enhances skill development and instils significant advantages in a student’s overall growth. With rising adoption of AR technology, a pool of opportunities for educational institutions and businesses will certainly open,” according to a Fact.MR analyst

Market Competition

• In June 2018, Dell collaborated with Tata ClassEdge, a technology-based learning solutions provider, for the common objective of taking digital training to schools and equipping teachers with the requisite knowledge of implementing technologies in classrooms.
• In August 2020, Google Ventures invested around US$ 14.5 Mn in Blue Vision Labs, an AR start-up company based in the U.K.

Competitive Landscape

The market witnesses several strategic partnerships, alongside other strategic initiatives such as expansion, collaborations, mergers & acquisitions, and product & technology launches.

Top companies in the AR in education market make strategic investments in research & development activities and fostering their expansion plans.

• In 2019, zSpace announced planned for expansion of its augmented reality (AR) solutions for Career and Technical Education (CTE) coursework. The expansion will include applications for industrial robotics and advanced manufacturing, and will help prepare students for industry certifications and provide industry-related experience in the classroom through a hands-on learning experience.

Augmented reality in education is a rapidly growing field of technology that is being used to enhance the educational experience. It allows students to use their devices to interact with virtual elements in their physical environment, such as diagrams, 3D models, and videos. This technology can be used to create engaging and interactive learning experiences for students, allowing them to explore and manipulate objects in ways that were not possible before. Augmented reality also encourages collaboration, allowing students to work together to explore and understand concepts. Furthermore, it can be used to provide personalized learning experiences for students, allowing them to focus on their individual strengths and weaknesses. As augmented reality technology continues to develop and become more accessible, it has the potential to revolutionize education and provide students with exciting and engaging learning experiences.

The study offers a comprehensive overview on diverse features that are inducing demand, revenue generation, and sales in the Optical Interconnect Market across the globe.

The global optical interconnect market was valued at US$ 10.2 Billion in 2021, and is projected to register a Y-o-Y increase of 13.7% in 2022 to be valued at US$ 11.6 Billion. During the 2022-2032 period of assessment, demand is expected to rise at a 12.5% value CAGR, likely to reach US$ 37.6 Billion by the end of the said forecast period.

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The following insights and evaluations are worth knowing for any market participant, helping them in ascertaining the prevailing dynamics and the future trajectories of the Optical Interconnect Market. They are a part of the estimations of the opportunities in various segments. The additional new opportunities have turned the Global Demand of Optical Interconnect Market into a fragmented landscape with more entry-level players entering the market, thanks to low barriers for investments.

Key Segments Covered in the Optical Interconnect Market Study

• Optical Interconnect Market by Product Type :
  • Optical Interconnect Cable Assemblies
    • Indoor Cable Assemblies
    • Outdoor Cable Assemblies
    • Active Optical Cables
    • Multi-Source Agreements
  • Optical Interconnect Connectors
    • LC Connectors
    • SC Connectors
    • ST Connectors
    • MPO/MTO Connectors
  • Optical Transceivers
  • Free Space Optics, Fiber and Waveguides
  • Silicon Photonics
  • PIC-based Interconnects
  • Optical Engines
• Optical Interconnect Market by Interconnect Level :
  • Metro and Long-haul Optical Interconnect
  • Board-to-Board and Rack-level Optical Interconnect
  • Chip- and Board-level Optical Interconnect
• Optical Interconnect Market by Fiber Mode :
  • Single Mode Fiber
  • Multimode Fiber
• Optical Interconnect Market by Data Rate :
  • Less than 10 Gbps
  • 10 Gbps to 40 Gbps
  • 41 Gbps to 100 Gbps
  • More than 100 Gbps
• Optical Interconnect Market by Application :
  • Data Communication
  • Telecommunication
  • Others
• Optical Interconnect Market by Distance :
  • Less than 1 Km
  • 1 Km to 10 Km
  • 11 Km to 100 Km
  • More than 100 Km
• Optical Interconnect Market by Region :
  • North America
  • Europe
  • Asia pacific
  • Middle East and Africa
  • Latin America

Outlook on Market Size Evaluation

The market has been analyzed for each market segment in terms of value (US$ Mn).

Market estimates at global and regional levels for Optical Interconnect are available in terms of “US$ Mn” for value. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global Optical Interconnect market.

In-depth Analysis on Competitive Landscape

Prominent manufacturers of optical Interconnect market are eyeing technological innovations in order to provide the most accurate and precise system arrangements to their customers. As the threat of technology looms large over the world, companies are forging collaborative agreements with government entities to enhance their presence across major geographies. In addition, the vendors are likely to leverage upgradation and product differentiation to gain an edge over other competitors in the market.

• In April 2020, NVIDIA Corporation acquired a US-based provider of optical interconnects Mellanox Technologies, Ltd. Through this acquisition, NVIDIA Corporation combines it datacenter with high-performance networking technologies of Mellanox.
• In December 2020, Corning Inc. expand its Cabarrus County fiber optic cable plant in Concord, by spending US 450 Million, this will generate new jobs and make it the largest facility of its type in the world.
• In November 2020, Ayar Labs initiated funding for manufacturing chip solutions based on optical networking principal’s architecture. The amount raised was US$ 35 Million. This funding will be used to continue developing its product and working on further commercialization

Global Optical Interconnect Market: Research Methodology

A number of primary and secondary sources were consulted during the course of the study. Secondary sources include Factiva, Morningstar and Hoovers, and company annual reports and publications. Comprehensive interviews have been conducted by our analysts, and the intelligence and insights obtained have been used for validating the information gained through secondary research. The report also includes a description of assumptions and acronyms utilized for research purposes. Data gathered has been validated using the triangulation method to offer useful quantitative and qualitative insights into the Optical Interconnect market.