The global optical switches market reached a value of US$ 5.61 billion in 2021. Looking forward, the market is projected to reach a value of US$ 11.43 billion by 2027, exhibiting a CAGR of 12.20% during 2022-2027. Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different End-use industries. These insights are included in the report as a major market contributor.
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.
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.
This report provides an analysis of the key trends in each sub-segment of the global optical switches market, along with forecasts at the global, regional and country level from 2022-2027. The report has categorized the market based on type, enterprise size, application and industry vertical.
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.
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
This report provides an analysis of the key trends in each sub-segment of the global optical switches market, along with forecasts at the global, regional and country level from 2022-2027. The 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
- How has the global optical switches market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global optical switches market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the enterprise size?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the industry vertical?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global optical switches market and who are the key players?
- What is the degree of competition in the industry?
Frequently Asked Questions about the Global Optical Switches Market
What is the estimated value of the Global Optical Switches Market?
What is the growth rate of the Global Optical Switches Market?
What is the forecasted size of the Global Optical Switches Market?
Who are the key companies in the Global Optical Switches Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 146 |
| Published | April 2022 |
| Forecast Period | 2021 - 2027 |
| Estimated Market Value ( USD | $ 5.61 Billion |
| Forecasted Market Value ( USD | $ 11.43 Billion |
| Compound Annual Growth Rate | 12.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
Table of Contents
1 Preface3 Executive Summary12 Value Chain Analysis14 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Optical Switches Market
6 Market Breakup by Type
7 Market Breakup by Enterprise Size
8 Market Breakup by Application
9 Market Breakup by Industry Vertical
10 Market Breakup by Region
11 SWOT Analysis
13 Porters Five Forces Analysis
15 Competitive Landscape
List of Figures
List of Tables
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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