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The global optical switches market was valued at US$ 5.61 Billion in 2021.
We expect the global optical switches market to exhibit a CAGR of 12.20% during 2022-2027.
The emerging automation trend across several sectors, such as retail, manufacturing, BFSI, etc.,
along with the growing adoption of optical switches in high-speed networks, is primarily driving the
global optical switches market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent
lockdown regulations across several nations resulting in temporary closure of numerous
manufacturing units for optical switches.
Based on the type, the global optical switches market has been segmented into electro-optic
switching, acousto-optic switching, thermo-optic switching, liquid crystal-based switching, mems-
based switching, and others. Among these, electro-optic switching represents the largest market
Based on the application, the global optical switches market can be bifurcated into circuit switching,
testing, multiplexing, cross-connects, and signal monitoring. Currently, circuit switching accounts for
the majority of the total market share.
On a regional level, the market has been classified into North America, Europe, Asia-Pacific, Middle
East and Africa, and Latin America, where Asia-Pacific currently dominates the global market.
Some of the major players in the global optical switches market include Agiltron Inc., D-Link
Corporation, EMCORE Corporation, Fujitsu Limited, Furukawa Electric Co. Ltd., Huawei Technologies
Co. Ltd., Juniper Networks Inc., Keysight Technologies Inc., Nokia Corporation, NTT Advanced
Technology Corporation (The Nippon Telegraph and Telephone Corporation), OMRON Corporation,
and Yokogawa Electric Corporation.
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