Optical switches market to grow a CAGR of 11.38% by 2027, Market driven by increasing data center construction - Technavio

NEW YORK, Feb. 22, 2023 /PRNewswire/ -- According to Technavio, the global optical switches market size is estimated to grow by USD 4,896.63 million from 2022 to 2027. The market is estimated to grow at a CAGR of 11.38% during the forecast period.   APAC will account for 55% of the market growth during the forecast period. For more insights on the historic (2017 to 2021) and forecast market size (2022 to 2027)  - Request a sample report

Global Optical Switches Market - Segmentation Assessment

Segment Overview
Technavio has segmented the market based on application (data communications, telecommunications, and others), type (large enterprise and SMEs), and geography (APAC, North America, Europe, Middle East and Africa, and South America). 

• The market growth in the data communications segment will be significant during the forecast period. The growth of the segment is driven by the increase in the number of IoT applications. Also, the rise in the number of individuals accessing content through smartphones is driving the growth of the segment.

Geography Overview
By geography, the global optical switches market is segmented into APAC, North America, Europe, Middle East and Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global optical switches market.

• APAC will account for 55% of the market growth during the forecast period. Many global organizations are expanding their operations and building data centers in APAC. In addition, the increased penetration of low-cost 3G- and 4G-enabled smartphones and the high demand for Internet protocol-based voice, data, and video services are driving the growth of the optical switches market in APAC.

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Global Optical Switches Market ? Market Dynamics

Key factor driving market growth

• The market is driven by increasing data center construction.
• Growth in data traffic and the rising adoption of cloud-based solutions are increasing the demand for data centers.
• The need for fast and efficient data transmission between data centers is increasing the use of optical modules that can address important requirements, such as low power consumption, a broader reach, and increasing bandwidth.
• With the increasing construction of data centers, the significance of new-age technologies, such as fiber optics networks will increase during the forecast period.
• This, in turn, will drive the growth of the global optical switches market during the forecast period.

Leading trends influencing the market 

• The transition toward Ethernet fiber optics is a key trend in the market.
• Globally, firms are trying to adopt ethernet-based services that can achieve 400 Gbps speeds.
• This transition requires the use of fiber optic cables to transfer high-speed ethernet signals.
• The demand for ethernet-based services is expected to increase from data center and telecommunication firms during the forecast period.
• This will create a significant demand for fiber optics, thereby supporting the market growth.

Major challenges hindering market growth

• Issues in optical fiber network deployments are identified as major challenges in the market.
• The deployment of fiber networks is affected by various challenges such as space constraints and multiple cable networks. It increases media installation time and the cost of the project.
• In addition, pulling fiber above ceilings and within walls, and making other pathways create bottlenecks in the deployment process.
• It creates the need for NOCs and approvals from customers and residents, and other important state and municipal approval certificates.
• Many such challenges associated with the deployment of fiber optics are reducing the growth potential in the market.

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What are the key data covered in this optical switches market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the optical switches market between 2023 and 2027
• Precise estimation of the size of the optical switches market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the optical switches market industry across APAC, North America, Europe, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of optical switches market vendors

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Related Reports:

• The optical network hardware market is estimated to grow at a CAGR of 7.43% between 2022 and 2027. The size of the market is forecast to increase by USD 6,074.53 million. The high demand for data centers is notably driving the optical network equipment market growth, although factors such as the lack of OTN standards may impede the market growth.
• The optical modulators market is estimated to grow at a CAGR of 6.65% between 2022 and 2027. The size of the market is forecast to increase by USD 9,519.57 million. The growing demand for optic fibers is notably driving the market growth, although factors such as the high operating costs for managing optical modulators may impede the market growth.

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)

• 4.2 Application Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size ? Application Segment 2017 - 2021 ($ million)

• 4.3 Type Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size ? Type Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size ? Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size ? Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers ? Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers ? Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants ? Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes ? Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry ? Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

• 6.1 Market segments 
• Exhibit 30: Chart on Application - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Application - Market share 2022-2027 (%)

• 6.2 Comparison by Application 
• Exhibit 32: Chart on Comparison by Application
• Exhibit 33: Data Table on Comparison by Application

• 6.3 Data communications - Market size and forecast 2022-2027
• Exhibit 34: Chart on Data communications - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Data communications - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Data communications - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Data communications - Year-over-year growth 2022-2027 (%)

• 6.4 Telecommunications - Market size and forecast 2022-2027
• Exhibit 38: Chart on Telecommunications - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Telecommunications - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Telecommunications - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Telecommunications - Year-over-year growth 2022-2027 (%)

• 6.5 Others - Market size and forecast 2022-2027
• Exhibit 42: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Application 
• Exhibit 46: Market opportunity by Application ($ million)

7 Market Segmentation by Type

• 7.1 Market segments 
• Exhibit 47: Chart on Type - Market share 2022-2027 (%)
• Exhibit 48: Data Table on Type - Market share 2022-2027 (%)

• 7.2 Comparison by Type 
• Exhibit 49: Chart on Comparison by Type
• Exhibit 50: Data Table on Comparison by Type

• 7.3 Large enterprise - Market size and forecast 2022-2027
• Exhibit 51: Chart on Large enterprise - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Large enterprise - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Large enterprise - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Large enterprise - Year-over-year growth 2022-2027 (%)

• 7.4 SMEs - Market size and forecast 2022-2027
• Exhibit 55: Chart on SMEs - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on SMEs - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on SMEs - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on SMEs - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Type 
• Exhibit 59: Market opportunity by Type ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 61: Chart on Market share by geography 2022-2027 (%)
• Exhibit 62: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 63: Chart on Geographic comparison
• Exhibit 64: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027
• Exhibit 65: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 67: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027
• Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027
• Exhibit 73: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 77: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027
• Exhibit 81: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027
• Exhibit 85: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 US - Market size and forecast 2022-2027
• Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.10 South Korea - Market size and forecast 2022-2027
• Exhibit 93: Chart on South Korea - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on South Korea - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on South Korea - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on South Korea - Year-over-year growth 2022-2027 (%)

• 9.11 India - Market size and forecast 2022-2027
• Exhibit 97: Chart on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.12 France - Market size and forecast 2022-2027
• Exhibit 101: Chart on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 105: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 106: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 107: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 108: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 109: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 110: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 111: Matrix on vendor position and classification

• 12.3 Agilent Technologies Inc. 
• Exhibit 112: Agilent Technologies Inc. - Overview
• Exhibit 113: Agilent Technologies Inc. - Business segments
• Exhibit 114: Agilent Technologies Inc. - Key news
• Exhibit 115: Agilent Technologies Inc. - Key offerings
• Exhibit 116: Agilent Technologies Inc. - Segment focus

• 12.4 Agiltron Inc. 
• Exhibit 117: Agiltron Inc. - Overview
• Exhibit 118: Agiltron Inc. - Product / Service
• Exhibit 119: Agiltron Inc. - Key offerings

• 12.5 Broadcom Inc. 
• Exhibit 120: Broadcom Inc. - Overview
• Exhibit 121: Broadcom Inc. - Business segments
• Exhibit 122: Broadcom Inc. - Key news
• Exhibit 123: Broadcom Inc. - Key offerings
• Exhibit 124: Broadcom Inc. - Segment focus

• 12.6 Cisco Systems Inc. 
• Exhibit 125: Cisco Systems Inc. - Overview
• Exhibit 126: Cisco Systems Inc. - Business segments
• Exhibit 127: Cisco Systems Inc. - Key news
• Exhibit 128: Cisco Systems Inc. - Key offerings
• Exhibit 129: Cisco Systems Inc. - Segment focus

• 12.7 D Link Corp. 
• Exhibit 130: D Link Corp. - Overview
• Exhibit 131: D Link Corp. - Business segments
• Exhibit 132: D Link Corp. - Key news
• Exhibit 133: D Link Corp. - Key offerings
• Exhibit 134: D Link Corp. - Segment focus

• 12.8 Fujitsu Ltd. 
• Exhibit 135: Fujitsu Ltd. - Overview
• Exhibit 136: Fujitsu Ltd. - Business segments
• Exhibit 137: Fujitsu Ltd. - Key news
• Exhibit 138: Fujitsu Ltd. - Key offerings
• Exhibit 139: Fujitsu Ltd. - Segment focus

• 12.9 Furukawa Electric Co. Ltd. 
• Exhibit 140: Furukawa Electric Co. Ltd. - Overview
• Exhibit 141: Furukawa Electric Co. Ltd. - Business segments
• Exhibit 142: Furukawa Electric Co. Ltd. - Key news
• Exhibit 143: Furukawa Electric Co. Ltd. - Key offerings
• Exhibit 144: Furukawa Electric Co. Ltd. - Segment focus

• 12.10 HP Inc. 
• Exhibit 145: HP Inc. - Overview
• Exhibit 146: HP Inc. - Business segments
• Exhibit 147: HP Inc. - Key news
• Exhibit 148: HP Inc. - Key offerings
• Exhibit 149: HP Inc. - Segment focus

• 12.11 Huawei Investment and Holding Co. Ltd.
• Exhibit 150: Huawei Investment and Holding Co. Ltd. - Overview
• Exhibit 151: Huawei Investment and Holding Co. Ltd. - Business segments
• Exhibit 152: Huawei Investment and Holding Co. Ltd. - Key news
• Exhibit 153: Huawei Investment and Holding Co. Ltd. - Key offerings
• Exhibit 154: Huawei Investment and Holding Co. Ltd. - Segment focus

• 12.12 Infinera Corp. 
• Exhibit 155: Infinera Corp. - Overview
• Exhibit 156: Infinera Corp. - Product / Service
• Exhibit 157: Infinera Corp. - Key offerings

• 12.13 Juniper Networks Inc. 
• Exhibit 158: Juniper Networks Inc. - Overview
• 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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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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