According to the latest report from the IMARC group, “Global Optical Switches Market Size, Share, Growth, Trends, Opportunities and Forecast 2022-2027“, the global optical switch market reached a value of US$5.61 billion in 2021. Looking ahead, IMARC Group expects the market to reach a value of US$11.43 billion by 2027, posting a CAGR of 12.20% in 2022-2027.
Optical switches are devices that activate signals in optical fibers and optical integrated circuits (IOCs) to selectively switch from one circuit to another. They operate via magneto- or electro-optical effects or via the physical displacement of an optical fiber to drive alternative fibers. Optical switches can transmit light signals between different channels in communication networks. Hence, they are widely used in the retail, manufacturing, defense, telecommunications, and banking, financial services and insurance (BFSI) industries across the world.
|Base year: 2021|
|Forecast year: 2022-2027|
Optical Switches Market Trends and Drivers:
Increasing levels of automation in industry verticals are primarily driving the optical switch market. In addition, the increasing use of the products in broadband networks, external modulators, network monitors, optical add-drop multiplexers (OADM), fiber optic component testing, optical interconnects (OXC) , etc., further catalyzes the growth of the market.
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In addition to this, optical switches are widely used in fiber communication systems for restoration, wavelength routing, fiber management, etc., which acts as another significant growth factor. In addition to this, the growing requirement for slow optical switches for alternative routing of an optical transmission path such as routing around faults is increasing the global market.
In this light, the growing demand for fast optical switches to perform logical operations is also enhancing the growth of the market. Additionally, continuous improvements in hardware systems for reconfigurable optical networks to develop more scalable product variants with faster response times are expected to drive the optical switch market in the coming years.
To note: We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
Analysis and segmentation of the global optical switches market 2022-2027:
The competitive landscape of the market has been studied in the report along with the detailed profiles of 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.
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The report has segmented the market based on region, type, company size, application, and industry vertical.
Breakdown by type:
- Electro-optical switching
- Acousto-optic switching
- Thermo-optical switching
- Liquid crystal based switching
- Mems-based switching
Breakdown by business size:
- Small and medium-sized enterprise
- Large companies
Breakdown by application:
- circuit switching
- Signal monitoring
Breakdown by vertical industry:
- Government and Defense
- IT and Telecom
Breakdown 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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Main 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
- Complete 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 part of the customization.
The IMARC Group is a leading market research firm providing management strategies and market research worldwide. We partner with clients across all industries and geographies to identify their most important opportunities, address their most critical challenges and transform their businesses.
IMARC’s information products include major business, scientific, economic and technological developments for business leaders in pharmaceutical, industrial and high-tech organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverages, travel and tourism, nanotechnology and new processing methods are at the top of the list. company expertise.
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