The global optical switches market is expected to reach USD 6,925.2 million in 2023 and USD 19663.8 million by 2033, growing at a CAGR of 11% during the forecast time frame (2023 to 2033).
Several factors are predicted to fuel the worldwide optical switches market’s development. These drivers include optical switches’ reduced energy usage and an upsurge in demand for high capacity and data transfer speeds. With the increased adoption of innovative technologies including smart appliances, connected residences, and IoT, there is a mounting need for high data transfer rates.
Revenue generation from equipment including optical switches, which aid in improving transmission speed, is projected to continue to climb as demand rises.Increased automation in several industrial verticals such as manufacturing, and IT & telecom drives overall market expansion.
Get a Sample PDF of the Optical Switches Market Report
Asia Pacific is the world’s biggest market for wireless communications and gadgets. The digitalization of plants and machinery is progressively gaining traction in the Asia Pacific region. This has increased data traffic in the Asia Pacific area. The area has led the optical switches industry for the last two years. It is also predicted to rise considerably throughout the projection year due to the expansion of the IT and telecom sectors.
The widespread adoption of 5th generation optical switches, along with growing demand for data centres, are important drivers for development in the optical switches market.
Key Takeaways
- The market has grown at a CAGR of 10% during the last five years.
- Between 2023 and 2033, sales in India are expected to expand at an excellent 10.5% CAGR.
- North America is expected to account for 32% of the optical switches market.
- The European optical switch market accounts for 25% of the global market.
Competitive Landscape
The optical switches industry is exceptionally competitive, with numerous manufacturers controlling market margins. Through joint efforts that boost profitability and market share, players have built a large share of the market.
- In February 2022, Fujitsu, a major provider of network digital transformation approaches, cooperated with Ekinops, a manufacturer of optical transport and connection technologies. The next-generation OTN small modular switches from Ekinops will be implemented in Fujitsu’s Fujitsu 1FINITY open optical networking portfolio, giving service providers even more flexibility and choice.
- In April 2022, Echola Systems launched a 20-port Air Gap Switch to meet the growing need for 25/100 GbE servers and storage.
Key Players
- Brocade Communication Systems, Inc.
- Juniper Networks
- D-Link Corporation
- Furukawa Electric Co. Ltd.
- Fujitsu Ltd.
- NEC Corporation
- Siemens AG
- ON Semiconductor
- Huawei Technologies Co., Ltd.
- Cisco Systems, Inc.
Checkout Now to Access Premium Information
More Valuable Insights
Future Market Insights, in its new offering, presents an unbiased analysis of the global Optical Switches market presenting a historical analysis from 2018 to 2022 and forecast statistics between 2023 and 2033.
The study reveals essential insights by Type (Electro-Optical Switches, All-Optical Switches), Application (Fiber Restoration, Optic Component Testing, Optical Switching), and Region.
Key Segmentations
By Type:
- Electro-Optical Switches
- All-Optical Switches
By Application:
- Fiber Restoration
- Optic Component Testing
- Optical Switching
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia & Pacific
- East Asia
- Middle East & Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
