According to the latest report by IMARC Group, “Global Optical Switches Market Analysis: Size, Share, Growth, Industry Trends, Opportunity and Forecast 2022-2027“, the global optical switches market reached a value of US$ 5.61 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 11.43 Billion by 2027, exhibiting a CAGR of 12.20% during 2022-2027.
Optical switches are devices that enable signals in optical fibers and integrated optical circuits (IOCs) in order to switch selectively from one circuit to another. They operate via magneto- or electro-optic effects or via physically shifting an optical fiber for driving alternative fibers. Optical switches can transmit light signals between various channels in communication networks. Consequently, they are widely used in the retail, manufacturing, defense, telecommunications, and banking, financial services and insurance (BFSI) sectors across the globe.
|Base Year: 2021|
|Forecast Year: 2022-2027|
Optical Switches Market Trends and Drivers:
The increasing automation levels across industry verticals are primarily stimulating the optical switches market. Moreover, the growing product usage in high-speed networks, external modulators, network monitors, optical add-drop multiplexers (OADM), fiber optic component testing, optical cross-connects (OXCs), etc., is further catalyzing the market growth.
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Besides this, optical switches are extensively utilized in fiber communication systems for restoration, wavelength routing, fiber management, etc., which is acting as another significant growth-inducing factor. In addition to this, the elevating requirement for slow optical switches for alternate routing of an optical transmission path, such as routing around faults, is augmenting the global market.
In line with this, the increasing demand for fast optical switches in performing logic operations is also bolstering the market growth. Furthermore, continuous improvements in hardware systems for reconfigurable optical networks to develop more scalable product variants with faster response times are expected to fuel the optical switches market in the coming years.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Optical Switches Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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.
The report has segmented the market on the basis of region, 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
Breakup by Enterprise Size:
- Small and Medium-sized Enterprise
- Large Enterprises
Breakup by Application:
- Circuit Switching
- Signal Monitoring
Breakup by Industry Vertical:
- Government and Defense
- IT and Telecom
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
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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Key Questions Answered in This Report:
1. What was the size of the global market in 2021?
2. What is the expected growth rate of the market during 2022-2027?
3. What are the key factors driving the 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?