Optical Switches Market Growth, Size, Trends, Share and Industry Forecast 2022-2027
IMARC Group’s latest research report, titled “Optical Switches Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
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 enable signals in integrated optical circuits (IOCs) or visual fibers to switch selectively from one course to another. They operate through electro- or magneto-optic effects or via mechanical methods, including physically shifting an optical fiber for driving one or more alternative fibers. Optical switches can transmit light signals between several channels in communication networks. As a result, these devices find extensive utilization across various sectors, such as retail, manufacturing, defense, telecommunications, banking, financial services and insurance (BFSI), etc.
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Important Attribute and highlights of the Report:
- Detailed analysis of the global market share
- Market Segmentation by type, enterprise size, application and industry vertical and region.
- Historical, current, and projected size of the market in terms of volume and value
- Latest industry trends and developments
- Competitive Landscape for Optical Switches Market
- Strategies of major players and product offerings
The escalating product demand for network monitors, optical cross-connects (OXCs), external modulators, optical add-drop multiplexers (OADM), fiber optic component testing, etc., is among the primary factors driving the optical switches market. Besides this, the elevating need for these devices in fiber communication systems for wavelength routing, restoration, and management and the increasing technological advancements are further augmenting the market growth. Apart from this, the development of slow and fast optical switches for alternate routing of a visual transmission path and to perform logic operations is also catalyzing the global market. Moreover, the growing popularity of these machines in high-speed networks and automation is acting as another significant growth-inducing factor. Furthermore, the rising improvements in hardware in the manufacturing of scalable devices with faster response times are expected to bolster the optical switches market in the coming years.
Key Players Included in Global Research Report:
- 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.
COVID-19 Impact Overview:
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.
Market Segmentation:
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
TOC for the Optical Switches Market Research Report:
- Preface
- Scope and Methodology
- Executive Summary
- Introduction
- Global Optical Switches Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
Who we are:
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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