Market Research Report
Global Optical Switches Market Insights, Opportunity Analysis, Market Shares and Forecast, 2017 - 2023
|Published by||Occams Business Research & Consulting Pvt. Ltd.||Product code||455301|
|Published||Content info||140 Pages
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|Global Optical Switches Market Insights, Opportunity Analysis, Market Shares and Forecast, 2017 - 2023|
|Published: February 28, 2017||Content info: 140 Pages||
The global optical switches market was valued to be $4524 million in the year 2016. It is further estimated to reach $13415 million by the year 2023. The global optical switches market is estimated to grow with the CAGR of 16.85 during the period 2016-2023. The major factors that are driving the growth of the global optical switches market are increasing demand of optical network technologies, high scalability and flexibility of optical switches, increasing demand of higher transmission rate and higher bandwidth, increasing data traffic due to computing and mobile devices and high energy consumption and floor spacing by electronic switch etc. However, High capital requirement and presence of traditional technology and slow transformation of signals from routers are the major fact ors that hindering the growth of the market. Except these constraints, global optical switches market is yet to explore its full potential. Increasing application base and rising technological advancement are creating numerous expansion opportunities for the growth of the global optical switches market.
Global Optical switches market is segmented into applications, network, technology, type and geography. Optical switches market on the basis of applications is bifurcated into fiber restoration, optic component testing and optical switchesing. Optical switchesing is anticipated to be the fastest growing application of optical switches. On the basis of the network, market is divided into optical time division multiplexing, wavelength division multiplexing and optical code division multiplexing. On the basis of technology is further bifurcated into mechanical optical switches, microelectronic mechanical switch (MEMS), liquid crystal optical switches, fiber Bragg optical switches, bubble switch, wave guide optical switches, thermal optical switches, semiconductor optical amplifiers switch, magneto optical switches, acousto-optic switch. Fiber brag optical switches are estimated to be the fastest growing segment during the forecast period owing to the fact that I ensure the connectivity between receiver and transmitter units. On the basis of the type the optical switches is further segmented into all optical switches and electro optical switches. All optical switches are estimated to be the fastest growing optical switches type during the forecast period. And on the basis of the geography, optical switches market is segmented into North America, Asia Pacific, Europe and Rest of World. North America is estimated to be the leading region in the global optical switches market owing to increasing demand of high bandwidth and higher transmission rate in the region. Asia Pacific is estimated to be the fastest growing region in the global optical switches market. Rising electronic industry and increasing demand of optical network technology are the key factors driving the growth of the global optical switches market in Asia Pacific region.
Key market players of optical switches are Alcatel Lucent, huawei technologies co. ltd, Cisco System INC, Ericsson INC, Fujitsu LTD, NEC Corp, Infinera Corp., Agilent Technologies, Agiltorn Corp., Hewlett-Packard Company, Luna Innovation INC, TE Connectivity LTD, Coriant, ZTE Corp, Emcore Corp. etc.