Optical Switches Market Growth, Share & Size To 2028
According to the latest report by IMARC Group, "Global Optical Switches Market Size, Share, Growth, Industry Trends, Opportunity and Forecast 2023-2028", the global optical switches market size reached US$ 6.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 12.8 Billion by 2028, exhibiting a growth rate (CAGR) of 11.8% during 2023-2028.
Optical switches allow signals in integrated optical circuits (IOCs) or optical fibers to switch between circuits selectively. They work mechanically by physically shifting an optical fiber to drive one or more alternative fibers or through electro- or magneto-optic effects. They can send light signals across different channels in communication networks and control the data packets routing between outputs and inputs. As a result, optical switches find extensive applications in the defense, telecommunications, retail, manufacturing, and banking, financial services, and insurance (BFSI) industries across the globe.
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Market Trends:
The global optical switches market is primarily driven by the rising preferences for high bandwidth and data transfer rates among the masses and the rapid growth in the telecommunication industry. Moreover, the increasing automation across numerous industry verticals due to rapid digitization is positively influencing the market growth.
Besides this, the surging adoption of optical switches to aid in improving the fiber transmission capacity while cost-effectively transmitting optical signals to various subscribers represents another major growth-inducing factor. Additionally, the increasing number of infrastructure development projects related to data centers across numerous countries has catalyzed market growth.
Furthermore, the rising investments by several key players in various product innovations and recent technological advancements in the manufacturing process are contributing to market growth. Other factors, including ongoing research and development (RD) activities, escalating product adoption for network failure recovery, shifting focus toward digital transformation, and rapid urbanization, are also anticipated to propel the market growth.
Global Optical Switches Market 2023-2028 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Optical Switches Companies:
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), Agiltron Inc., D-Link Corporation, EMCORE Corporation, OMRON Corporation and Yokogawa Electric Corporation.
The report has segmented the market on the basis of type, enterprise size, application, industry vertical and region.
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
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- 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.
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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