Optical switches market to grow by 10.58% Y-O-Y in 2023; Increasing data center construction will drive growth - Technavio
NEW YORK, Jan. 24, 2023 /PRNewswire/ --
Optical switches market insights -
Vendors: 15+, Including Agilent Technologies Inc., Agiltron Inc., Broadcom Inc., Cisco Systems Inc., D Link Corp., Fujitsu Ltd., Furukawa Electric Co. Ltd., HP Inc., Huawei Investment and Holding Co. Ltd., Infinera Corp., Juniper Networks Inc., Keysight Technologies Inc., NEC Corp., Nokia Corp., NTT Advanced Technology Corp., ON Semiconductor Corp., Siemens AG, Telefonaktiebolaget LM Ericsson, Yokogawa Electric Corp., ZTE Corp., among others
Coverage: Key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
Segments: Application (Data communications, Telecommunications, and Others), Type (Large enterprise and SMEs), and Geography (APAC, North America, Europe, Middle East and Africa, and South America)
In 2017, the optical switches market was valued at USD 4,958.89 million. From a regional perspective, APAC held the largest market share, valued at USD 2,451.68 million. The optical switches market size is estimated to grow by USD 4,896.63 million from 2022 to 2027 at a CAGR of 11.38% according to Technavio.
Optical switches market - Customer Landscape To help companies evaluate and develop growth strategies, the report outlines ?
The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers information on several market vendors including ?
Agiltron Inc. - The company offers optical switches such as Fiber optical switch systems, MEMs fiber optical switches, broadband optical switches, and fiber optical prism switches.
Broadcom Inc. - The company offers optical switches named Co Packaged Optics with CPO transceivers and CPO switches.
Cisco Systems Inc. - The company offers optical switches named Cisco Prisma II optical switch modules.
D Link Corp. - The company offers optical switches named DGS 3630 Series Gigabit L3 Stackable Managed Switches.
Optical switches market ? Market Dynamics
Major Drivers ?
Increasing data center construction
Development of smart cities
Need for increased network bandwidth
KEY challenges ?
Issues in optical fiber network deployments
Inconsistent foreign exchange rates and weakening of the global economy
The optical switches market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.
The infrared radiation (IR) emitter and receiver market is estimated to grow at a CAGR of 5.28% between 2022 and 2027. The size of the market is forecast to increase by USD 701.11 million. The increase in the adoption of IR sensors is notably driving the market growth, although factors such as the high cost of InGaAs technology may impede the market growth.
The fiber management systems market size is expected to increase by USD 2 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 8.85%. The rise in global Internet traffic is a key factor driving the global fiber management systems market growth. The complexities involved in wired communication networks are the major challenge to the global fiber management systems market growth.
Optical Switches Market Scope
Report Coverage
Details
Page number
172
Base year
2022
Historic period
2017-2021
Forecast period
2023-2027
Growth momentum & CAGR
Accelerate at a CAGR of 11.38%
Market growth 2023-2027
USD 4896.63 million
Market structure
Fragmented
YoY growth 2022-2023 (%)
10.58
Regional analysis
APAC, North America, Europe, Middle East and Africa, and South America
Performing market contribution
APAC at 55%
Key countries
US, China, South Korea, India, and France
Competitive landscape
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled
Agilent Technologies Inc., Agiltron Inc., Broadcom Inc., Cisco Systems Inc., D Link Corp., Fujitsu Ltd., Furukawa Electric Co. Ltd., HP Inc., Huawei Investment and Holding Co. Ltd., Infinera Corp., Juniper Networks Inc., Keysight Technologies Inc., NEC Corp., Nokia Corp., NTT Advanced Technology Corp., ON Semiconductor Corp., Siemens AG, Telefonaktiebolaget LM Ericsson, Yokogawa Electric Corp., and ZTE Corp.
Market dynamics
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Table of contents:
1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary ? Chart on Market Overview
Exhibit 02: Executive Summary ? Data Table on Market Overview
Exhibit 03: Executive Summary ? Chart on Global Market Characteristics
Exhibit 04: Executive Summary ? Chart on Market by Geography
Exhibit 05: Executive Summary ? Chart on Market Segmentation by Application
Exhibit 06: Executive Summary ? Chart on Market Segmentation by Type
Exhibit 07: Executive Summary ? Chart on Incremental Growth
Exhibit 08: Executive Summary ? Data Table on Incremental Growth
Exhibit 09: Executive Summary ? Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Global optical switches market 2017 - 2021
Exhibit 18: Historic Market Size ? Data Table on Global optical switches market 2017 - 2021 ($ million)
Exhibit 159: Juniper Networks Inc. - Product / Service
Exhibit 160: Juniper Networks Inc. - Key offerings
12.14 Keysight Technologies Inc.
Exhibit 161: Keysight Technologies Inc. - Overview
Exhibit 162: Keysight Technologies Inc. - Business segments
Exhibit 163: Keysight Technologies Inc. - Key news
Exhibit 164: Keysight Technologies Inc. - Key offerings
Exhibit 165: Keysight Technologies Inc. - Segment focus
12.15 NEC Corp.
Exhibit 166: NEC Corp. - Overview
Exhibit 167: NEC Corp. - Business segments
Exhibit 168: NEC Corp. - Key news
Exhibit 169: NEC Corp. - Key offerings
Exhibit 170: NEC Corp. - Segment focus
12.16 Nokia Corp.
Exhibit 171: Nokia Corp. - Overview
Exhibit 172: Nokia Corp. - Business segments
Exhibit 173: Nokia Corp. - Key offerings
Exhibit 174: Nokia Corp. - Segment focus
12.17 Telefonaktiebolaget LM Ericsson
Exhibit 175: Telefonaktiebolaget LM Ericsson - Overview
Exhibit 176: Telefonaktiebolaget LM Ericsson - Business segments
Exhibit 177: Telefonaktiebolaget LM Ericsson - Key news
Exhibit 178: Telefonaktiebolaget LM Ericsson - Key offerings
Exhibit 179: Telefonaktiebolaget LM Ericsson - Segment focus
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 180: Inclusions checklist
Exhibit 181: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 182: Currency conversion rates for US$
13.4 Research methodology
Exhibit 183: Research methodology
Exhibit 184: Validation techniques employed for market sizing
Exhibit 185: Information sources
13.5 List of abbreviations
Exhibit 186: List of abbreviations
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