The Market for Optical Switches is expected to Grow Exponentially from 2024 to 2032

Pune, India, April, 2019 /press release/-Market Research Future (MRFR) announces the publication of its half-cooked research report – Optical Switches Market 2018–2024

Optical Switches Market Overview

According to Market Research Future, the market for optical switches has been segmented on the basis of type, sales channel, application, and region.

An optical switch is a device used to provide selective switching of optical signals from one channel to another without the need for conversion to electrical signals. These switches are rapidly being used in areas, such as switching and routing of optical signal, optical network protection and restoration, and optical network monitoring. The growing data traffic and consequent increase in demand for high data transmission rates and reduction in energy consumption drive the demand for optical switches in the market. However, the high cost of optical switches limit the growth of the market.  

Based on type, the market has been segmented into acousto optical switches, liquid crystal optical switches, bubble optical switches, fiber Bragg grating-based optical switches, mechanical optical switches, magneto-optical switches, and others. The mechanical optical switches segment is estimated to be the largest during the review period; it is expected to register the highest CAGR during the forecast period. Mechanical optical switches are witnessing growing adoption by mechanical keyboards manufacturers owing to its benefits such as a faster actuation and better response time.

Based on sales channel, the market has been segmented into original equipment manufacturers (OEMs), offline distributor, and online distributor. OEMs are expected to dominate the market in 2018, and the offline distributor segment is expected to register the highest CAGR during the review period.

Based on application, the market has been segmented into optical switching, fiber restoration and optic component testing, optical add-drop multiplexing, optical cross-connects (OXC), signal monitoring, and others. The optical switching segment is expected to dominate the optical switches market during the forecast period owing to their growing adoption in data centers to facilitate both controlling traffic and providing protection switching between networks. However, the fiber restoration and optic component testing segment is expected to register the highest CAGR during the forecast period. In 2017, China Telecom constructed a massive wavelength division multiplexing automatically switched optical network (WDM ASON) at 21 nodes across Jiangsu, Shanghai, Zhejiang, Hubei, Anhui, and Jiangxi provinces. With this full-mesh networking that includes all-optical switching nodes, the company deployed the first all-optical network 2.0 backbone network in the country.

Regional Analysis

The global optical switches market has been segmented, by region, into North America, Europe, Asia-Pacific, and the rest of the world. Asia-Pacific is expected to be the largest market in the forecast period owing to the increasing automation across different industry verticals that demand the use of optical switches for optic component testing. The major countries identified to witness high growth in Asia-Pacific are China, Japan, Australia, and India.

North America is estimated to be the second largest market during the review period owing to the high concentration of market players and easy availability of proficient technical expertise.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Optical Switches Market Research Report

Key Players

The prominent players in the optical switches market are Juniper Networks  (US), Keysight Technologies Inc. (China), HP Enterprises (US), ON Semiconductor (US), Fujitsu Ltd (Japan), ZTE Corporation (China), Yokogawa Electric Corporation (Japan), Omron Corporation (Japan), Huawei Technologies (China), NEC Corporation (Japan), D-Link Corporation (Taiwan), Emcore Corporation (US), Cisco Systems, Inc. (US), DiCon Fiberoptics, Inc. (US), Luna Innovations Inc. (US), Ericsson (Sweden), Alcatel-Lucent SA (France), and OPTEK Technology, Inc. (US).

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