September 27, 2022
optical switches market

The latest research study “Optical Switches Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds 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.

Covid-19 Impact:

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.

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Industry Definition and Application:

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.

Global 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. 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.

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Optical Switches Market Report Scope
Report CoverageDetails
Market size value in 2021US$ 5.61 Billion
Market forecast in 2027US$ 11.43 Billion
Growth RateCAGR of 12.20% from 2022 to 2027
Base year for estimation2021
Historical data2016-2021
Forecast period2022-2027
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments coveredType, Enterprise Size, Application, Industry Vertical and Region
Regional scopeNorth America, Europe, Asia-Pacific, Latin America, Middle East and Africa
Key companies profiledAgiltron 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.
Market DynamicsParent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
Customization previewIf our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Report Segmentation:

The report has been segmented the market into following categories:

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

By Geography:

  • 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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List of Major Key Players:

The major players in the market are 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.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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