Global Optical Switches Market Size

Statistics for the 2023 & 2024 Global Optical Switches market size, created by Mordor Intelligence™ Industry Reports. Global Optical Switches size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Global Optical Switches Industry

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:
optical switches market
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 11.58 %
Fastest Growing Market Asia-Pacific
Largest Market North America
Market Concentration Medium

Major Players

rd-img

*Disclaimer: Major Players sorted in no particular order

setting-icon

Need a report that reflects how COVID-19 has impacted this market and its growth?

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

Optical Switches Market Analysis

The market for Global Optical Switches is analyzed to grow at a CAGR of 11.58% during the forecast period 2022-2027. An optical switch is a device that amplifies and connects several optical fibers. It also manages data packet routing between the input and output ports. At the transmitter, many optical switches turn light signals into electrical data, which is then converted back into light signals at the receiver.

  • Factors such as reduced energy consumption facilitated by optical switches and a surge in demand for high bandwidth & data transmission rates are expected to propel the global optical switches market forward.
  • One of the primary factors driving the market is the rising automation in many industry verticals. Optical switches are deployed in high-speed networks, where large switches are needed to handle significant traffic. They are also widely used in external modulators, network monitors, optical cross-connects (OXCs), optical add-drop multiplexers (OADM), and fiber optic component testing.
  • They are also used for restoration, wavelength routing, and fiber management in fiber communication networks and for switching protection as they allow signals to be switched to another fiber before an issue emerges when a fiber fails. This, coupled with increasing technical improvements, is propelling the industry forward.
  • With the growing investments in optical devices and the fast development of optical communication in recent years, the global optical switches market has seen significant growth. Increasing data traffic and adopting cloud computing are driving the market growth. The widespread implementation of 5G and the rise in demand for data centers are two major factors influencing the growth of the optical switches market. Furthermore, the industry is growing due to a shift in focus on digital transformation.
  • Budget constraints and high costs hamper the optical switches market. Further, the COVID-19 pandemic has impacted the electronics industry since production facilities have stagnated, resulting in increased demand for electronics and semiconductor products. Its main effects are a significant industrial halt in Europe and a halt in Chinese parts exports, limiting the demand for optical switches.

Optical Switches Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)