Optical Switches Market Outlook - 2030
The global optical switches market size was valued at $5.09 billion in 2020, and is projected to reach $13.96 billion by 2030, growing at a CAGR of 11.20% from 2021 to 2030.
Optical switch is a device used to amplify optical signal and links multiple optic fibers. In addition, it handles data packets routing between input & output port. Many optical switch changes light signal into electrical data at transmitter, and again converts it into a light signal at receiver.
The growth of the global optical switches market is anticipated to be driven by factors such as reduced energy consumption facilitated by optical switches and surge in demand for high bandwidth & data transfer rates. In addition, increase in automation across different industry verticals such as manufacturing and IT & telecom boosts the overall market growth. However, budget constraints and high costs of optical switches acts as a major restraint of the global optical switches industry. On the contrary, expansion of the IT & telecom sector in Asia-Pacific is expected to create lucrative opportunities for the industry.
Segmentation Analysis
The global optical switches market is segmented into type, enterprise size, application, industry vertical, and region. By type, the market is classified into electro-optic switching, acousto-optic switching, thermo-optic switching, liquid-crystal based switching, MEMS-based switching, and others. Depending on enterprise size, the market is categorized into small- & medium enterprise and large enterprise. The applications covered in the study include circuit switching, testing, multiplexing, cross-connects, and signal monitoring. On the basis of industry vertical, the market is classified into government & defense, IT & Telecom, BFSI, retail, manufacturing, and others.
By Type
Electro-Optic Switching Segment holds a dominant position throughout the forecast period.
Region wise, the optical switches market trends are analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, Italy, France, Russia, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). Asia-Pacific is dominated the optical switches market in 2020, and is projected to register the significant growth rate during the forecast period, owing to growth of the IT & telecom sector. Also, Asia-Pacific is likely to witnesses significant growth rate by the end of the forecast period, followed by LAMEA.
Leading optical switches market manufacturers such as Cisco Systems, Inc., Fujitsu Ltd., and Huawei Technologies Co., Ltd. are focusing on their investment on technologically advanced, cost-effective, and more secure products and solutions for various applications.
Top Impacting Factors
The prominent factors that impact the optical switches market growth are widespread implementation of 5G and increase in demand for data centers. In addition, rise in focus toward digital transformation drives the market growth. However, lack of trained professionals in optical switches industry restricts the market growth. On the contrary, surge in demand from manufacturing sector due to rise in automation is expected to create lucrative opportunities for the market.
By Application
Testing segment will grow at a highest CAGR of 14.2% during 2021 - 2030
Competitive Analysis
Competitive analysis and profiles of the major optical switches market players such as Brocade Communication Systems, Inc., Cisco Systems, Inc., D-Link Corporation, Fujitsu Ltd., Furukawa Electric Co. Ltd., Huawei Technologies Co., Ltd., Juniper Networks, NEC Corporation, ON Semiconductor, and Siemens AG have been covered in the report.
By Region
Asia-Pacific would exhibit the highest CAGR of 12.60% during 2021-2030
Key Benefits For Stakeholders
- This study comprises analytical depiction of the global optical switches market outlook along with the current trends and future estimations to depict the imminent investment pockets.
- The overall optical switches market analysis is determined to understand the profitable trends to gain a stronger foothold.
- The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The current optical switches market forecast is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
- Porter’s five forces analysis illustrates the potency of the buyers and the optical switches market share of key vendors.
- The report includes the market trends and the market share of key vendors.
Optical Switches Market Report Highlights
| Aspects | Details |
 By Type |
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 By Enterprise Size |
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 By Application |
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 By Industry Vertical |
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 By Region |
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 Key Market Players | Siemens AG, Cisco Systems, Inc., Furukawa Electric Co. Ltd., FUJITSU LIMITED, Juniper Networks, Inc., D-Link Corporation, NEC CORPORATION, Brocade Communication Systems, Inc. (Broadcom Inc.), HUAWEI TECHNOLOGIES CO., LTD., ON Semiconductor Corporation |
Analyst Review
Optical switch is a device used to separate signals at different wavelength & direct them to various ports. These optical switches change photons into electrons at input end of transmitter, and again change back electrons into photons at output side of receiver for proper signal transmission.
The global optical switches market is anticipated to witness significant growth during the forecast period, owing to reduced energy consumption facilitated by the use of optical switches and surge in demand for high bandwidth & data transfer rates. Moreover, increase in automation across different industry verticals such as manufacturing, and IT & telecom boosts the overall market growth. However, budget constraints and high costs of optical switches act as major restraints of the global optical switches industry. Conversely, development of the IT & telecom sector in Asia-Pacific is expected to create lucrative opportunities for optical switches industry.
The key players of the market focus on introducing technologically advanced products to remain competitive in the market. Acquisition, business expansion, and product launch are expected to be the prominent strategies adopted by the market players. Asia-Pacific accounted for a major share of the market in 2020, owing to the presence of major players in the region; Also, Asia-Pacific is expected to grow at the highest CAGR, owing to rise in adoption of optical switches in a variety of fields.
The Optical Switches Market is estimated to grow at a CAGR of 11.20% from 2021 to 2030.
The Optical Switches Market is projected to reach $13.96 billion by 2030.
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Factors such as reduced energy consumption facilitated by optical switches and surge in demand for high bandwidth & data transfer rates drives the growth of the Optical Switches market
The key players profiled in the report include Brocade Communication Systems, Inc., Cisco Systems, Inc., D-Link Corporation, Fujitsu Ltd., Furukawa Electric Co. Ltd., Huawei Technologies Co., Ltd., Juniper Networks, NEC Corporation, ON Semiconductor, and Siemens AG, and many more.
On the basis of top growing big corporations, we select top 10 players.
The Optical Switches Market is segmented on the basis of type, enterprise size, application, industry vertical, and region.
The key growth strategies of Optical Switches market players include product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations.
Electro-Optic Switching Segment holds a dominant position throughout the forecast period.
Testing segment will grow at a highest CAGR of 14.2% during 2021 - 2030
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