Optical Switches Market to Experience Significant Growth during the Forecast Period 2018-2028
Optical switches are an integral part of fiber optic transmission systems. Optical switches are used to enable the routing of optical data signals in more advanced and efficient ways.
[USPRwire, Wed Jul 31 2019] The optical switches market is significantly fuelled by increasing demand for high data transmission rates as the data traffic is increasing rapidly. Other factors, such as reduction in energy consumption, flexibility and reduced floor space requirements, etc. are additional benefits that result in increasing deployment of optical switches in fiber optic networks. Applications of optical switches in different areas, such as switching and routing of optical signal, optical network protection and restoration, optical network monitoring and others, is one of the important factors driving the Optical Switches Market.
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Constant technological advancements and increasing network connectivity between devices is resulting in rising issues with respect to data generation and transmission. Increasing connectivity demands high-speed network connections to carry out data operations in a specified way and thus, optical networks are in demand these days. Optical switches are an integral part of fiber optic transmission systems. Optical switches are used to enable the routing of optical data signals in more advanced and efficient ways. Optical switches are increasingly being preferred as they don’t demand conversion of electrical signals and are independent in terms of operation of data protocols and data rates.
Optical switches carry out signal transmission and perform routing of signals to the next switch via a correct path. Optical switches are placed between fibers as networking equipment. The Optical switches market is expected to witness significant growth over the forecast period due to their aforementioned applications in the area of networking.
The growth of optical switches market is also being fuelled by its applications in video distribution, instrumentation resource sharing, military communication and others. On the other hand, higher cost of optical switches and lack of awareness about optical switch applications are the major challenges being faced in optical switches market.
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The global optical switches market is segmented on the basis of the sales channel, technology and region.
On the basis of sales channel, the optical switch market is segmented into OEMs (original equipment manufacturers) and aftermarket.
On the basis of technology, the optical switches market is segmented into mechanical optical switches, liquid crystal optical switches, waveguide optical switches, thermal optical switches, magneto-optical switches and others.
On the basis of region, the market is segmented into North America, Latin America, Europe, Eastern Europe, CIS & Russia, Japan and MEA.
Examples of some of the key players operating in the global Optical Switches market are Honeywell, Omron, ON Semiconductor, EMCORE Corporation, Optek Technology, Broadcom Limited, Sharp Microelectronics, Agiltron Inc., NTT Advanced Technology Corporation and others. Optical Switches vendors are continuously focusing on product innovations to survive the increasing global competition. Also, vendors are focusing on improving optical switches’ performance so that switches are able to meet the industry requirements and data traffic is handled with improved speed. For instance, in April 2016, DiCon Fiberoptics launched ‘32x32 MEMS 3D Matrix Optical Switch’. This optical switch has 32 outputs and 32 inputs for connecting together. This switch is a non-blocking and all optical cross-connect fiber optic switch.
APEJ holds a major market share in the global optical switches market due to the increasing production of optical switch units in developing countries, such as China, India and others. This increasing production of optical switches is primarily being driven by the availability of cheap raw materials and lower labour costs in these countries. North American and European countries are the second-largest markets for optical switches as the data traffic is highest in this region. Also, industries in this region are more focused on delivering outstanding services in terms of data operations and hence, the deployment of optical switches is increasing in this region. On the other hand, the demand for optical switches in the MEA region is expected to grow at a moderate CAGR over the forecast period.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.
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