Market
Research Future (MRFR), in its latest report on the global Optical Switches market 2020, reveals
different aspects of the market and potential forces that can impact the market
dynamics. The influence of COVID 19 outbreak on the market is also revealed in
the report. As per MRFR data, the optical switches market is
expected to reach a valuation of USD
8.61 billion by 2024, at a CAGR of
14.05%, across the review period. 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 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
·
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.
·
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.
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
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).
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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.
TABLE OF CONTENTS:
1.
Market Introduction
2.
Research Methodology
3.
Market Dynamics
4.
Executive Summary
5.
Market Factor Analysis
6.
Optical Switches Market, By Segments
7.
Competitive Analysis
Continued…
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