Optical Switches Market SWOT Analysis, Growth Drivers, and Future Trends

Global Optical Switches Market is anticipated to witness exponential growth in the forecast period. An optical switch is a device that allows optical signals to be selectively switched on and off or switched from one channel to another. It is used in fiber optic transmission systems to contribute to the progress of the optical network.

The factors that propel the growth of the market include increasing data traffic due to mobile devices and cloud computing, increasing demand of optical network technologies, high energy and floor spacing by electronic switches, high scalability and flexibility of optical switches, and rising demand for high bandwidth.

On the other hand, there are factors that may hamper the growth of the market including the prevalence of conventional technology and high capital requirement. Globally, market is anticipated to grow at a significant CAGR of 10.89% in the upcoming period as the scope, product types, and its applications are increasing across the globe.

The new trend in the market is the migration of OTNs toward WDM architecture. OTNs have started migrating from SONET technology toward wavelength-division multiplexing (WDM) architecture, further significantly to dense WDM (DWDM). The deployment of DWDM systems by carriers has promoted them.

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The market may be explored by type, application, technology, and geography. Based on type, the market could span electro-optical switches and all-optical switches. The key applications that could be explored in the optical switches market include telecommunications and data communication. The “Data Communication” segment led the optical switches market in 2017 and will continue to lead in the forecast period. The market could be explored based on technology as Liquid Crystal Optical Switch, Mechanical Optical Switch, Thermal Optical Switch, Waveguide Optical Switch, Magneto-Optical Switch, and others.

APAC accounted for the major share of the market in 2016 and will continue to lead in the forecast period. The factors that could be attributed to the growth include the growth of data centers in the region and the development of the cloud computing platform and increased usage of optical switches.

Some of the key players that fuel the growth of the optical switches market comprise Agiltorn Corp., L.P., Agilent

Technologies, Coriant, FUJITSU, EMCORE Corporation, HP Development Company, Luna Innovations Incorporated, Huawei Technologies Co., Ltd., NEC Corporation and DiCon Fiber optics. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

 

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