Optical Switches Market Growth, Size, Top Key Players, Covid-19 Impact, Upcoming Trends and Forecast to 2027 – Imarc Group
Research Reports
Apr 11, 2022
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 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.
Report Metric
- Historical: 2016-2021
- Base Year: 2021
- Forecast Year: 2022-2027
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.
Request Free Sample Report: https://www.imarcgroup.com/optical-switches-market/requestsample
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.
Note: 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.
Global Optical Switches Market 2022-2027 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.
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.
Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://bit.ly/3KdNcRK
The report has segmented the market on the basis of region, type, enterprise size, application and industry vertical.
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
Inquire Before Buying: https://www.imarcgroup.com/request?type=report&id=5266&flag=F
If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Key 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
- 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.
Browse Similar Reports:
- Biofuel Additives Market Trends, Industry Share, Growth and Forecast 2022-2027
- Molecular Spectroscopy Market Trends, Industry Share, Growth and Forecast 2022-2027
Contact Information:
IMARC Services Private Limited. 30 N Gould St Ste R Sheridan, WY 82801 USA – Wyoming Email: Sales@imarcgroup.com Tel No:(D) +91 120 433 0800 Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
Tags:
Reportedtimes, PR-Wirein, iCN Internal Distribution, Research Newswire, English