Optical Switches Market Subjected to Expand to Showcase Rampant Growth by 2024
According to Market Research Future, the
market for Optical
Switches has been
segmented on the basis of type, sales channel, application, and region.
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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.
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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.
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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