Impact of Covid-19 on Optical Switches Market 2020: Prosperous Growth, Recent Trends and Demand by Top Vendors- Keysight Technologies Inc., Juniper Networks, etc.

 

Market Synopsis

The global optical switches market is expected to reach a valuation of USD 8.61 billion by 2024, at a CAGR of 14.05%, according to the latest research report from Market Research Future (MRFR). The global market was valued at USD 3.98 billion in 2018, according to the report.

Market Scenario

The rising data traffic and the consequent rise in demand for high data transfer rates and a decrease in energy consumption drive the industry demand for optical switches. Owing to driving factors such as increased demand for high bandwidth and data transfer rates, the optical switches market is expected to grow during the forecast period. Related benefits such as lower energy consumption along with high scalability and versatility are likely to fuel optical switch market growth. The high cost of optical switches, however, is constraining market growth. In addition , high costs and budget constraints could impede market growth over the forecast period. At the other hand, the growing number of data centers creates substantial opportunities for market players operating in the global optical switch market to expand.

Market Segmentation

The global optical switches market has been segmented based on sales channel, type, and application.

·         By 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 expected to dominate the market during the forecast period owing to its increased deployment in mechanical keyboards. For instance, in 2018, Razor Inc. launched two new mechanical keyboards—the Huntsman and the Huntsman Elite that feature the company’s opto-mechanical switches. The switch provides faster actuation and better responsiveness.

·         By 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. However, the offline distributor segment is expected to register the highest CAGR during the forecast period.

·         By 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 the networks.

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The Significant Competitors in The Market for Optical Switches comprises of Keysight Technologies Inc. (China), Juniper Networks  (US), HP Enterprises (US), ON Semiconductor (US), ZTE Corporation (China), Fujitsu Ltd. (Japan), Yokogawa Electric Corporation (Japan), Huawei Technologies (China), Omron Corporation (Japan), NEC Corporation (Japan), Emcore Corporation (US), D-Link Corporation (Taiwan), DiCon Fiberoptics, Inc. (US), Cisco Systems, Inc. (US), and OPTEK Technology, Inc. (US).

Regional Outlook

During the review period from 2018 to 2024 the global demand for optical switches is expected to rise at a significant pace. The optical switches market is geographically studied for North America, Europe , Asia-Pacific and the rest of the world.

Asia-Pacific is expected to dominate the optical switch market from 2018 to 2024 due to the increasing automation across various vertical industries requiring the use of optical switches for optical component testing. In addition, the high concentration of market players in the region and low-cost raw material availability promote mass production of low-cost optical switches. Due to the growing number of data centers in the world, North America is expected to hold a significant share of the optical switches market. In addition, the high concentration of industry players and easy availability of professional technical expertise also drive the region 's demand for optical switches.

Optical Switches Market@ http://heraldkeeper.com/featured/impact-of-covid-19-on-optical-switches-market-2020-prosperous-growth-recent-trends-and-demand-by-top-vendors-keysight-technologies-inc-juniper-networks-etc-577983.html

Intended Audience

·         Raw material suppliers

·         Semiconductor foundries

·         Companies in the optical switches market

·         OEMs – white label manufacturing for others in bulk volume

·         Government and other regulatory bodies

·         Research institutes and organizations

·         Market research and consulting firms

·         Suppliers and distributors

·         Research institutes, organizations, and consulting companies 

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