Global $13.41 Billion Optical Switches Market Insights, Opportunity Analysis, Market Shares and Forecast 2017 - 2023 - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Global Optical Switches Market Insights, Opportunity Analysis, Market Shares and Forecast 2017 - 2023" report to their offering.

The global optical switches market was valued to be $4524 million in the year 2016. It is further estimated to reach $13415 million by the year 2023.

The global optical switches market is estimated to grow with the CAGR of 16.85 during the period 2016-2023. The major factors that are driving the growth of the global optical switches market are increasing demand of optical network technologies, high scalability and flexibility of optical switches, increasing demand of higher transmission rate and higher bandwidth, increasing data traffic due to computing and mobile devices and high energy consumption and floor spacing by electronic switch etc.

However, High capital requirement and presence of traditional technology and slow transformation of signals from routers are the major fact ors that hindering the growth of the market. Except these constraints, global optical switches market is yet to explore its full potential. Increasing application base and rising technological advancement are creating numerous expansion opportunities for the growth of the global optical switches market.

Market determinants

Market drivers

  • Increasing demand of high bandwidth
  • Increasing demand of optical network technologies
  • Increasing data traffic due to cloud computing and mobile devices
  • High scalability and flexibility of optical switches
  • High energy consumption and floor spacing by electronic switches

Market restraints

  • High capital requirement
  • Presence of traditional technology

Market opportunities

  • Increasing application base
  • Rising technological advancement

Market challenges

  • Slow transformation of signals from routers

Key market players of optical switches are

  • Agilent Technologies
  • Agiltorn Corp.
  • Alcatel Lucent
  • Cisco System Inc.
  • Coriant
  • Emcore Corp.
  • Ericsson Inc.
  • Fujitsu Ltd.
  • Hewlett Packard Company.
  • Huawei Technologies Co. Ltd
  • Infinera Corp.
  • Luna Innovation Inc.
  • Nec Corp.
  • Scot Analysis
  • TE Connectivity Ltd.
  • ZTE Corp.

For more information about this report visit http://www.researchandmarkets.com/research/4htj4n/global_optical

Contacts

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Related Topics: Optical Sensors

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Optical Sensors