Optical Switches Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report
139 Pages
June 2023
Region: Global
IMARC Group
ID: 5578042

The global optical switches market size reached US$ 6.4 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 12.8 Billion by 2028, exhibiting a growth rate (CAGR) of 11.8% during 2023-2028.

Optical switches enable signals in optical fibers or integrated optical circuits (IOCs) to switch selectively from one circuit to another. They operate via electro- or magneto-optic effects or through mechanical methods like physically shifting an optical fiber for driving one or more alternative fibers. They can transmit light signals between different channels in communication networks. At present, optical switches are employed in the retail, manufacturing, defense, telecommunications, and banking, financial services and insurance (BFSI) industries worldwide.

Optical Switches Market Trends:

The increasing automation in different industry verticals represents one of the key factors driving the market. Moreover, optical switches are used in high-speed networks, wherein large switches are required for handling enormous traffic. They also find extensive applications in external modulators, network monitors, optical cross-connects (OXCs), optical add-drop multiplexers (OADM), and fiber optic component testing. Besides this, they are utilized in fiber communication systems for restoration, wavelength routing, and fiber management. In addition, when a fiber fails, optical switches allow signals to be rerouted to another fiber before the problem occurs, and consequently, they are utilized for switching protection. This, along with rising technological advancements, is impelling the growth of the market. Apart from this, optical switches include slow optical switches, which are used for alternate routing of an optical transmission path, such as routing around a fault. They also comprise fast optical switches that further find application in performing logic operations. Additionally, rapid improvements in hardware for reconfigurable optical networks have resulted in the development of more scalable optical switches with faster response times. This, coupled with the rising focus on digital transformation around the world, is positively influencing the market.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global optical switches market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, enterprise size, application and industry vertical.

Breakup by Type:

Electro-Optic Switching
Acousto-Optic Switching
Thermo-Optic Switching
Liquid Crystal-Based Switching
Mems-Based Switching
Others

Breakup by Enterprise Size:

Small and Medium-sized Enterprise
Large Enterprises

Breakup by Application:

Circuit Switching
Testing
Multiplexing
Cross-Connects
Signal Monitoring

Breakup by Industry Vertical:

Government and Defense
IT and Telecom
BFSI
Retail
Manufacturing
Others

Breakup by Region:

North America

United States
Canada

Asia-Pacific

China
Japan
India
South Korea
Australia
Indonesia
Others

Europe

Germany
France
United Kingdom
Italy
Spain
Russia
Others

Latin America

Brazil
Mexico
Others

Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Agiltron Inc., D-Link Corporation, EMCORE Corporation, Fujitsu Limited, Furukawa Electric Co. Ltd., Huawei Technologies Co. Ltd., Juniper Networks Inc., Keysight Technologies Inc., Nokia Corporation, NTT Advanced Technology Corporation (The Nippon Telegraph and Telephone Corporation), OMRON Corporation and Yokogawa Electric Corporation.

Key Questions Answered in This Report

1. What was the size of the global optical switches market in 2022?
2. What is the expected growth rate of the global optical switches market during 2023-2028?
3. What are the key factors driving the global optical switches market?
4. What has been the impact of COVID-19 on the global optical switches market?
5. What is the breakup of the global optical switches market based on the type?
6. What is the breakup of the global optical switches market based on the application?
7. What are the key regions in the global optical switches market?
8. Who are the key players/companies in the global optical switches market?

1 Preface

2 Scope and Methodology

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

4.1 Overview
4.2 Key Industry Trends

5 Global Optical Switches Market

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market Breakup by Type

6.1 Electro-Optic Switching
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Acousto-Optic Switching
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Thermo-Optic Switching
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Liquid Crystal-Based Switching
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Mems-Based Switching
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Others
6.6.1 Market Trends
6.6.2 Market Forecast

7 Market Breakup by Enterprise Size

7.1 Small and Medium-sized Enterprise
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Large Enterprises
7.2.1 Market Trends
7.2.2 Market Forecast

8 Market Breakup by Application

8.1 Circuit Switching
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Testing
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Multiplexing
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Cross-Connects
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Signal Monitoring
8.5.1 Market Trends
8.5.2 Market Forecast

9 Market Breakup by Industry Vertical

9.1 Government and Defense
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 IT and Telecom
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 BFSI
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Retail
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Manufacturing
9.5.1 Market Trends
9.5.2 Market Forecast
9.6 Others
9.6.1 Market Trends
9.6.2 Market Forecast

10 Market Breakup by Region

10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast

11 SWOT Analysis

11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats

12 Value Chain Analysis

13 Porters Five Forces Analysis

13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes

14 Price Analysis

15 Competitive Landscape

15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Agiltron Inc.
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.2 D-Link Corporation
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3 EMCORE Corporation
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4 Fujitsu Limited
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.4.4 SWOT Analysis
15.3.5 Furukawa Electric Co. Ltd.
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.6 Huawei Technologies Co. Ltd.
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.7 Juniper Networks Inc.
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.7.4 SWOT Analysis
15.3.8 Keysight Technologies Inc.
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.8.4 SWOT Analysis
15.3.9 Nokia Corporation
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.9.4 SWOT Analysis
15.3.10 NTT Advanced Technology Corporation (The Nippon Telegraph and Telephone Corporation)
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.11 OMRON Corporation
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.12 Yokogawa Electric Corporation
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio

List of Figures

Figure 1: Global: Optical Switches Market: Major Drivers and Challenges
Figure 2: Global: Optical Switches Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Optical Switches Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Optical Switches Market: Breakup by Type (in %), 2022
Figure 5: Global: Optical Switches Market: Breakup by Enterprise Size (in %), 2022
Figure 6: Global: Optical Switches Market: Breakup by Application (in %), 2022
Figure 7: Global: Optical Switches Market: Breakup by Industry Vertical (in %), 2022
Figure 8: Global: Optical Switches Market: Breakup by Region (in %), 2022
Figure 9: Global: Optical Switches (Electro-Optic Switching) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Optical Switches (Electro-Optic Switching) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Optical Switches (Acousto-Optic Switching) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Optical Switches (Acousto-Optic Switching) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Optical Switches (Thermo-Optic Switching) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Optical Switches (Thermo-Optic Switching) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Optical Switches (Liquid Crystal-Based Switching) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Optical Switches (Liquid Crystal-Based Switching) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Optical Switches (Mems-Based Switching) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Optical Switches (Mems-Based Switching) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Optical Switches (Other Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Optical Switches (Other Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Optical Switches (Small and Medium-sized Enterprise) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Optical Switches (Small and Medium-sized Enterprise) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Optical Switches (Large Enterprises) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Optical Switches (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Optical Switches (Circuit Switching) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Optical Switches (Circuit Switching) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Optical Switches (Testing) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Optical Switches (Testing) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Optical Switches (Multiplexing) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Optical Switches (Multiplexing) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Optical Switches (Cross-Connects) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Optical Switches (Cross-Connects) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Optical Switches (Signal Monitoring) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Optical Switches (Signal Monitoring) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: Optical Switches (Government and Defense) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: Optical Switches (Government and Defense) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Global: Optical Switches (IT and Telecom) Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Global: Optical Switches (IT and Telecom) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Global: Optical Switches (BFSI) Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Global: Optical Switches (BFSI) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Global: Optical Switches (Retail) Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Global: Optical Switches (Retail) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Global: Optical Switches (Manufacturing) Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Global: Optical Switches (Manufacturing) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Global: Optical Switches (Other Industry Verticals) Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Global: Optical Switches (Other Industry Verticals) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: North America: Optical Switches Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: North America: Optical Switches Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: United States: Optical Switches Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: United States: Optical Switches Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Canada: Optical Switches Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Canada: Optical Switches Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Asia-Pacific: Optical Switches Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Asia-Pacific: Optical Switches Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: China: Optical Switches Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: China: Optical Switches Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Japan: Optical Switches Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Japan: Optical Switches Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: India: Optical Switches Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: India: Optical Switches Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: South Korea: Optical Switches Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: South Korea: Optical Switches Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Australia: Optical Switches Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Australia: Optical Switches Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Indonesia: Optical Switches Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Indonesia: Optical Switches Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Others: Optical Switches Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Others: Optical Switches Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Europe: Optical Switches Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Europe: Optical Switches Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Germany: Optical Switches Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Germany: Optical Switches Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: France: Optical Switches Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: France: Optical Switches Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: United Kingdom: Optical Switches Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: United Kingdom: Optical Switches Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Italy: Optical Switches Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Italy: Optical Switches Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Spain: Optical Switches Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Spain: Optical Switches Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Russia: Optical Switches Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Russia: Optical Switches Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Others: Optical Switches Market: Sales Value (in Million US$), 2017 & 2022
Figure 84: Others: Optical Switches Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 85: Latin America: Optical Switches Market: Sales Value (in Million US$), 2017 & 2022
Figure 86: Latin America: Optical Switches Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 87: Brazil: Optical Switches Market: Sales Value (in Million US$), 2017 & 2022
Figure 88: Brazil: Optical Switches Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 89: Mexico: Optical Switches Market: Sales Value (in Million US$), 2017 & 2022
Figure 90: Mexico: Optical Switches Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 91: Others: Optical Switches Market: Sales Value (in Million US$), 2017 & 2022
Figure 92: Others: Optical Switches Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 93: Middle East and Africa: Optical Switches Market: Sales Value (in Million US$), 2017 & 2022
Figure 94: Middle East and Africa: Optical Switches Market: Breakup by Country (in %), 2022
Figure 95: Middle East and Africa: Optical Switches Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 96: Global: Optical Switches Industry: SWOT Analysis
Figure 97: Global: Optical Switches Industry: Value Chain Analysis
Figure 98: Global: Optical Switches Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Optical Switches Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Optical Switches Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Optical Switches Market Forecast: Breakup by Enterprise Size (in Million US$), 2023-2028
Table 4: Global: Optical Switches Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: Optical Switches Market Forecast: Breakup by Industry Vertical (in Million US$), 2023-2028
Table 6: Global: Optical Switches Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Optical Switches Market: Competitive Structure
Table 8: Global: Optical Switches Market: Key Players

Companies Mentioned

Agiltron Inc.
D-Link Corporation
EMCORE Corporation
Fujitsu Limited
Furukawa Electric Co. Ltd.
Huawei Technologies Co. Ltd.
Juniper Networks Inc.
Keysight Technologies Inc.
Nokia Corporation
NTT Advanced Technology Corporation (The Nippon Telegraph and Telephone Corporation)
OMRON Corporation
Yokogawa Electric Corporation

Methodology

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Table Information

Report Attribute	Details
No. of Pages	139
Published	June 2023
Forecast Period	2022 - 2028
Estimated Market Value ( USD ) in 2022	$ 6.4 Billion
Forecasted Market Value ( USD ) by 2028	$ 12.8 Billion
Compound Annual Growth Rate	12.2%
Regions Covered	Global
No. of Companies Mentioned	12

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