Optical Switches Market Research Report - Global Forecast till 2027

Optical Switches Market Research Report: By Type (Acousto, Liquid Crystal, Mechanical, Magneto-Optical), Sales Channel (OEMs, Offline, Online), Application (Switching, Testing, Multiplexing, Cross-Connects, Signal Monitoring)—Forecast till 2027

ID: MRFR/SEM/6200-HCR | February 2021 | Region: Global | 100 pages

Market Synopsis


The global optical switches market is expected to grow from USD 3.98 billion in 2018 to USD 8.61 billion by 2024, at a CAGR of 14.05%, during the forecast period.


An optical switch is a device that is used to provide selective switching of optical signals from one channel to another without the need for conversion to electrical signals. The routing of signals through optical switches is independent of data rate and data protocol. The benefits of optical switches include reduced number of network equipment, increased switching speed, and decreased operating power.


The global optical switches market has been segmented based on type, sales channel, application, and region.


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. For instance, in 2018, Razor Inc. launched two new mechanical keyboards—the Huntsman and the Huntsman Elite that feature the company’s opto-mechanical switches. The switch provides faster actuation and better responsiveness.


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. However, the fiber restoration and optic component testing segment is expected to register the highest CAGR during the forecast period.


The key players profiled in the optical switches market research report are Juniper Networks  (US), Keysight Technologies Inc. (China), HP Enterprises (US), ON Semiconductor (US), Fujitsu Ltd. (Japan), ZTE Corporation (China), Yokogawa Electric Corporation (Japan), Omron Corporation (Japan), Huawei Technologies (China), NEC Corporation (Japan), D-Link Corporation (Taiwan), Emcore Corporation (US), Cisco Systems, Inc. (US), DiCon Fiberoptics, Inc. (US), and OPTEK Technology, Inc. (US).


The players of the market focus on growth strategies such as partnerships, mergers, acquisitions, and new product development to enhance their product offerings and expand their market. For instance, in 2018, Huber+Suhner launched a new range of high-density latching protection optical switches—Polatis—for wireless and metro networks at the European Conference on Optical Communication exhibition, 2018.


Optical switches Market Optical Switches Market


Source: MRFR Analysis


Segmentation


By type, the market has been segregated 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.


By sales channel vertical, the market has been segmented into OEMs, offline distributor, online distributor.


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.


By region, the market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.


Regional Analysis


The global market for optical switches market is estimated to grow at a significant rate during the forecast period from 2018 to 2024. The geographic analysis of the optical switches market is done for North America, Europe, Asia-Pacific, and the rest of the world. 


Asia-Pacific is expected to dominate the optical switches market from 2018 to 2024 owing to the increasing automation across different industry verticals that demand the use of optical switches for optic component testing. Furthermore, the high concentration of market players in the region and availability of low-cost raw material promote the mass production of low-cost optical switches.


North America is estimated to hold a significant share in the optical switches market owing to the growing number of data centers in the region. Furthermore, the high concentration of market players and easy availability of proficient technical expertise also propel the demand for optical switches in the region.


Competitive Analysis


The key players have adopted partnerships and new product launches as a part of their organic growth strategy to further strengthen their market position. For instance, in 2018, CALIENT Technologies, Inc., a provider optical switching technology launched a new optical circuit switch—Edge|640—that provides 640 fiber-optic cross connection. It is specially designed for data centers, and applications in telecommunication and test labs to meet the growing demand for device counts and the increased need for connectivity.


Key players


The prominent players in the optical switches market are Juniper Networks  (US), Keysight Technologies Inc. (China), HP Enterprises (US), ON Semiconductor (US), Fujitsu Ltd (Japan), ZTE Corporation (China), Yokogawa Electric Corporation (Japan), Omron Corporation (Japan), Huawei Technologies (China), NEC Corporation (Japan), D-Link Corporation (Taiwan), Emcore Corporation (US), Cisco Systems, Inc. (US), DiCon Fiberoptics, Inc. (US), Luna Innovations Inc. (US), Ericsson (Sweden), Alcatel-Lucent SA (France), and OPTEK Technology, Inc. (US).


Intended Audience



  • Raw material suppliers

  • Semiconductor foundries

  • Companies in the optical switches market

  • OEMs – white label manufacturing for others in bulk volume

  • Government and other regulatory bodies

  • Research institutes and organizations

  • Market research and consulting firms

  • Suppliers and distributors

  • Research institutes, organizations, and consulting companies  



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 8.61 Billion
  CAGR   14.05%
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Sales Channel, Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Juniper Networks (US), Keysight Technologies Inc. (China), HP Enterprises (US), ON Semiconductor (US), Fujitsu Ltd (Japan), ZTE Corporation (China), Yokogawa Electric Corporation (Japan), Omron Corporation (Japan), Huawei Technologies (China), NEC Corporation (Japan), D-Link Corporation (Taiwan), Emcore Corporation (US), Cisco Systems, Inc. (US), DiCon Fiberoptics, Inc. (US), Luna Innovations Inc. (US), Ericsson (Sweden), Alcatel-Lucent SA (France), and OPTEK Technology, Inc. (US)
  Key Market Opportunities   Growing number of data centers.
  Key Market Drivers

  • Increasing automation across different industry verticals.
  • The growing data traffic and consequent increase in demand for high data transmission rates and reduction in energy consumption


  • Frequently Asked Questions (FAQ) :


    At 14.05%, the global optical switches market can value at USD 8.6 Bn by 2024.

    Keysight Technologies Inc. (China), ON Semiconductor (US), HP Enterprises (US), and Fujitsu Ltd. (Japan) are some reputed companies in the optical switches market.

    Acousto optical switches, bubble optical switches, and liquid crystal optical switches are some types of optical switches.

    Industrial automation across organization in APAC can bolster the optical switches market expansion.

    TABLE OF CONTENTS

    1 Executive Summary

    1.1 Market Attractiveness Analysis

    1.2 Global Optical Switches Market, by Type

    1.3 Global Optical Switches Market, by Sales Channels

    1.4 Global Optical Switches Market, by Application

    1.5 Global Optical Switches Market, by Region

    2 Scope of the Report

    2.1 Market Definition

    2.2 Scope of the Study

    2.3 Markets Structure

    2.4 Key Buying Criteria

    2.5 Macro Factor Indicator Analysis

    3 Market Research Methodology

    3.1 Research Process

    3.2 Secondary Research

    3.3 Primary Research

    3.4 Forecast Model

    3.5 List of Assumptions

    4 Market Insights

    5 Market Dynamics

    5.1 Introduction

    5.2 Drivers

    5.3 Restraints

    5.4 Opportunities

    5.5 Challenges

    5.6 Technological Trends

    5.7 Regulatory Landscape / Standards

    6 Market Factor Analysis

    6.1 Supply/Value Chain Analysis

    6.1.1 R&D

    6.1.2 Manufacturing

    6.1.3 Distribution & Sales

    6.1.4 Post-Sales Monitoring

    6.2 Porter’s Five Forces Model

    6.2.1 Threat of New Entrants

    6.2.2 Bargaining Power of Suppliers

    6.2.3 Bargaining Power of Buyers

    6.2.4 Threat of Substitutes

    6.2.5 Intensity of Rivalry

    7. Global Optical Switches Market, by Type

    7.1 Introduction

    7.2 Acousto

    7.2.1 Market Estimates & Forecast, 2020–2027

    7.2.2 Market Estimates & Forecast, by Region, 2020–2027

    7.3 Liquid Crystal

    7.3.1 Market Estimates & Forecast, 2020–2027

    7.3.2 Market Estimates & Forecast, by Region, 2020–2027

    7.4 Bubble

    7.4.1 Market Estimates & Forecast, 2020–2027

    7.4.2 Market Estimates & Forecast, by Region, 2020–2027

    7.5 Mechanical

    7.5.1 Market Estimates & Forecast, 2020–2027

    7.5.2 Market Estimates & Forecast, by Region, 2020–2027

    7.6 Magneto-Optical

    7.6.1 Market Estimates & Forecast, 2020–2027

    7.6.2 Market Estimates & Forecast, by Region, 2020–2027

    7.7 Others

    7.7.1 Market Estimates & Forecast, 2020–2027

    7.7.2 Market Estimates & Forecast, by Region, 2020–2027

    8. Global Optical Switches Market, by Sales Channel

    8.1 Introduction

    8.2 Original Equipment Manufacturers

    8.2.1 Market Estimates & Forecast, 2020–2027

    8.2.2 Market Estimates & Forecast, by Region, 2020–2027

    8.3 Offline Distributor

    8.3.1 Market Estimates & Forecast, 2020–2027

    8.3.2 Market Estimates & Forecast, by Region, 2020–2027

    8.4 Online Distributor

    8.4.1 Market Estimates & Forecast, 2020–2027

    8.4.2 Market Estimates & Forecast, by Region, 2020–2027

    9. Global Optical Switches Market, by Application

    9.1 Introduction

    9.2 Optical Switching

    9.2.1 Market Estimates & Forecast, 2020–2027

    9.2.2 Market Estimates & Forecast, by Region, 2020–2027

    9.3 Fiber Restoration and Optic Component Testing

    9.3.1 Market Estimates & Forecast, 2020–2027

    9.3.2 Market Estimates & Forecast, by Region, 2020–2027

    9.4 Optical Add-Drop Multiplexing

    9.4.1 Market Estimates & Forecast, 2020–2027

    9.4.2 Market Estimates & Forecast, by Region, 2020–2027

    9.5 Optical Cross-Connects

    9.5.1 Market Estimates & Forecast, 2020–2027

    9.5.2 Market Estimates & Forecast, by Region, 2020–2027

    9.6 Signal Monitoring

    9.6.1 Market Estimates & Forecast, 2020–2027

    9.6.2 Market Estimates & Forecast, by Region, 2020–2027

    9.7 Others

    9.7.1 Market Estimates & Forecast, 2020–2027

    9.7.2 Market Estimates & Forecast, by Region, 2020–2027

    10. Global Optical Switches Market, by Region

    10.1 Introduction

    10.2 North America

    10.2.1 Market Estimates & Forecast, by Country, 2020–2027

    10.2.2 Market Estimates & Forecast, by Type, 2020–2027

    10.2.3 Market Estimates & Forecast, by Sales Channel, 2020–2027

    10.2.4 Market Estimates & Forecast, by Application, 2020–2027

    10.2.5 US

    10.2.5.1 Market Estimates & Forecast, 2020–2027

    10.2.5.2 Market Estimates & Forecast, by Type, 2020–2027

    10.2.5.3 Market Estimates & Forecast, by Sales Channel, 2020–2027

    10.2.5.4 Market Estimates & Forecast, by Application, 2020–2027

    10.2.6 Canada

    10.2.6.1 Market Estimates & Forecast, 2020–2027

    10.2.6.2 Market Estimates & Forecast, by Type, 2020–2027

    10.2.6.3 Market Estimates & Forecast, by Sales Channel, 2020–2027

    10.2.6.4 Market Estimates & Forecast, by Application, 2020–2027

    10.2.7 Mexico

    10.2.7.1 Market Estimates & Forecast, 2020–2027

    10.2.7.2 Market Estimates & Forecast, by Type, 2020–2027

    10.2.7.3 Market Estimates & Forecast, by Sales Channel, 2020–2027

    10.2.7.4 Market Estimates & Forecast, by Application, 2020–2027

    10.3 Europe

    10.3.1 Market Estimates & Forecast, by Country, 2020–2027

    10.3.2 Market Estimates & Forecast, by Type, 2020–2027

    10.3.3 Market Estimates & Forecast, by Sales Channel, 2020–2027

    10.3.4 Market Estimates & Forecast, by Application, 2020–2027

    10.3.5 Germany

    10.3.5.1 Market Estimates & Forecast, 2020–2027

    10.3.5.2 Market Estimates & Forecast, by Type, 2020–2027

    10.3.5.3 Market Estimates & Forecast, by Sales Channel, 2020–2027

    10.3.5.4 Market Estimates & Forecast, by Application, 2020–2027

    10.3.6 UK

    10.3.6.1 Market Estimates & Forecast, 2020–2027

    10.3.6.2 Market Estimates & Forecast, by Type, 2020–2027

    10.3.6.3 Market Estimates & Forecast, by Sales Channel, 2020–2027

    10.3.6.4 Market Estimates & Forecast, by Application, 2020–2027

    10.3.7 France

    10.3.7.1 Market Estimates & Forecast, 2020–2027

    10.3.7.2 Market Estimates & Forecast, by Type, 2020–2027

    10.3.7.3 Market Estimates & Forecast, by Sales Channel, 2020–2027

    10.3.7.4 Market Estimates & Forecast, by Application, 2020–2027

    10.3.8 Italy

    10.3.8.1 Market Estimates & Forecast, 2020–2027

    10.3.8.2 Market Estimates & Forecast, by Type, 2020–2027

    10.3.8.3 Market Estimates & Forecast, by Sales Channel 2020–2027

    10.3.8.4 Market Estimates & Forecast, by Application, 2020–2027

    10.3.9 Rest of Europe

    10.3.9.1 Market Estimates & Forecast, 2020–2027

    10.3.9.2 Market Estimates & Forecast, by Type, 2020–2027

    10.3.9.3 Market Estimates & Forecast, by Sales Channel, 2020–2027

    10.3.9.4 Market Estimates & Forecast, by Application, 2020–2027

    10.4 Asia-Pacific

    10.4.1 Market Estimates & Forecast, by Country, 2020–2027

    10.4.2 Market Estimates & Forecast, by Type, 2020–2027

    10.4.3 Market Estimates & Forecast, by Sales Channel, 2020–2027

    10.4.4 Market Estimates & Forecast, by Application, 2020–2027

    10.4.5 Japan

    10.4.5.1 Market Estimates & Forecast, 2020–2027

    10.4.5.2 Market Estimates & Forecast, by Type, 2020–2027

    10.4.5.3 Market Estimates & Forecast, by Sales Channel, 2020–2027

    10.4.5.4 Market Estimates & Forecast, by Application, 2020–2027

    10.4.6 China

    10.4.6.1 Market Estimates & Forecast, 2020–2027

    10.4.6.2 Market Estimates & Forecast, by Type, 2020–2027

    10.4.6.3 Market Estimates & Forecast, by Sales Channel, 2020–2027

    10.4.6.4 Market Estimates & Forecast, by Application, 2020–2027

    10.4.7 India

    10.4.7.1 Market Estimates & Forecast, 2020–2027

    10.4.7.2 Market Estimates & Forecast, by Type, 2020–2027

    10.4.7.3 Market Estimates & Forecast, by Sales Channel, 2020–2027

    10.4.7.4 Market Estimates & Forecast, by Application, 2020–2027

    10.4.8 Rest of Asia-Pacific

    10.4.8.1 Market Estimates & Forecast, 2020–2027

    10.4.8.2 Market Estimates & Forecast, by Type, 2020–2027

    10.4.8.3 Market Estimates & Forecast, by Sales Channel, 2020–2027

    10.4.8.4 Market Estimates & Forecast, by Application, 2020–2027

    10.5 Rest of the World

    10.5.1 Market Estimates & Forecast, by Region, 2020–2027

    10.5.2 Market Estimates & Forecast, by Type, 2020–2027

    10.5.3 Market Estimates & Forecast, by Sales Channel, 2020–2027

    10.5.4 Market Estimates & Forecast, by Application, 2020–2027

    10.5.5 Middle East & Africa

    10.5.5.1 Market Estimates & Forecast, 2020–2027

    10.5.5.2 Market Estimates & Forecast, by Type, 2020–2027

    10.5.5.3 Market Estimates & Forecast, by Sales Channel, 2020–2027

    10.5.5.4 Market Estimates & Forecast, by Application, 2020–2027

    10.5.6 South America

    10.5.6.1 Market Estimates & Forecast, 2020–2027

    10.5.6.2 Market Estimates & Forecast, by Type, 2020–2027

    10.5.6.3 Market Estimates & Forecast, by Sales Channel, 2020–2027

    10.5.4.4 Market Estimates & Forecast, by Application, 2020–2027

    11. Company Landscape

    11.1 Competitive Overview

    11.2 Competitor Dashboard

    11.3 Major Growth Strategy in the Global Optical Switches Market

    11.4 Competitive Benchmarking

    11.5 Key Developments & Growth Strategies

    11.5.1 New Product Launch/Service Deployment

    11.5.2 Merger & Acquisition

    11.5.3 Joint Ventures

    12. Company Profiles

    12.1 Juniper Networks

    12.1.1 Company Overview

    12.1.2 Product/Business Segment Overview

    12.1.3 Financial Updates

    12.1.4 Key Developments

    12.2 Keysight Technologies Inc.

    12.2.1 Company Overview

    12.2.2 Product/Business Segment Overview

    12.2.3 Financial Updates

    12.2.4 Key Developments

    12.3 HP Enterprises

    12.3.1 Company Overview

    12.3.2 Product/Business Segment Overview

    12.3.3 Financial Updates

    12.3.4 Key Developments

    12.4 ON Semiconductor

    12.4.1 Company Overview

    12.4.2 Product/Business Segment Overview

    12.4.3 Financial Updates

    12.4.4 Key Developments

    12.5 Fujitsu Ltd

    12.5.1 Company Overview

    12.5.2 Product/Business Segment Overview

    12.5.3 Financial Updates

    12.5.4 Key Developments

    12.6 ZTE Corporation

    12.6.1 Company Overview

    12.6.2 Product/Business Segment Overview

    12.6.3 Financial Updates

    12.6.4 Key Developments

    12.7 Yokogawa Electric Corporation

    12.7.1 Company Overview

    12.7.2 Product/Business Segment Overview

    12.7.3 Financial Updates

    12.7.4 Key Developments

    12.8 Omron Corporation

    12.8.1 Company Overview

    12.8.2 Product/Business Segment Overview

    12.8.3 Financial Updates

    12.8.4 Key Developments

    12.9 Huawei Technologies

    12.9.1 Company Overview

    12.9.2 Product/Business Segment Overview

    12.9.3 Financial Updates

    12.9.4 Key Developments

    12.10 NEC Corporation

    12.10.1 Company Overview

    12.10.2 Product/Business Segment Overview

    12.10.3 Financial Updates

    12.10.4 Key Developments

    12.11 D-Link Corporation

    12.11.1 Company Overview

    12.11.2 Product/Business Segment Overview

    12.11.3 Financial Updates

    12.11.4 Key Developments

    12.12 Emcore Corporation

    12.12.1 Company Overview

    12.12.2 Product/Business Segment Overview

    12.12.3 Financial Updates

    12.12.4 Key Developments

    12.13 Cisco Systems, Inc.

    12.13.1 Company Overview

    12.13.2 Product/Business Segment Overview

    12.13.3 Financial Updates

    12.13.4 Key Developments

    12.14 DiCon Fiberoptics, Inc.

    12.14.1 Company Overview

    12.14.2 Product/Business Segment Overview

    12.14.3 Financial Updates

    12.14.4 Key Developments

    12.15 OPTEK Technology, Inc.

    12.15.1 Company Overview

    12.15.2 Product/Business Segment Overview

    12.15.3 Financial Updates

    12.15.4 Key Developments

    12 Conclusion


    LIST OF TABLES

    Table 1 Global Optical Switches Market, by Region, 2020–2027

    Table 2 North America: Optical Switches Market, by Country, 2020–2027

    Table 3 Europe: Optical Switches Market, by Country, 2020–2027

    Table 4 Asia-Pacific: Optical Switches Market, by Country, 2020–2027

    Table 5 Middle East & Africa: Optical Switches Market, by Country, 2020–2027

    Table 6 South America: Optical Switches Market, by Country, 2020–2027

    Table 7 Global Optical Switches Market, by Region, 2020–2027

    Table 8 North America: Optical Switches Market, by Country, 2020–2027

    Table 9 Europe: Optical Switches Market, by Country, 2020–2027

    Table10 Asia-Pacific: Optical Switches Market, by Country, 2020–2027

    Table11 Middle East & Africa: Optical Switches Market, by Country, 2020–2027

    Table12 South America: Optical Switches Market, by Country, 2020–2027

    Table13 Global Optical Switches Sales Channel Market, by Region, 2020–2027

    Table14 North America: Optical Switches Sales Channel Market, by Country, 2020–2027

    Table15 Europe: Optical Switches Sales Channel Market, by Country, 2020–2027

    Table16 Asia-Pacific: Optical Switches Sales Channel Market, by Country, 2020–2027

    Table17 Middle East & Africa: Optical Switches Sales Channel Market, by Country, 2020–2027

    Table18 South America: Optical Switches Sales Channel Market, by Country, 2020–2027

    Table19 Global Optical Switches Application Market, by Region, 2020–2027

    Table20 North America: Optical Switches Application Market, by Country, 2020–2027

    Table21 Europe: Optical Switches Application Market, by Country, 2020–2027

    Table22 Asia-Pacific: Optical Switches Application Market, by Country, 2020–2027

    Table23 Middle East & Africa: Optical Switches Application Market, by Country, 2020–2027

    Table24 South America: Optical Switches Application Market, by Country, 2020–2027

    Table25 Global Type Market, by Region, 2020–2027

    Table26 Global Sales Channel Market, by Region, 2020–2027

    Table27 Global Application Market, by Region, 2020–2027

    Table28 North America: Optical Switches Market, by Country

    Table29 North America: Optical Switches Market, by Type

    Table30 North America: Optical Switches Market, by Sales Channel

    Table31 North America: Optical Switches Market, by Application

    Table32 Europe: Optical Switches Market, by Country

    Table33 Europe: Optical Switches Market, by Type

    Table34 Europe: Optical Switches Market, by Sales Channel

    Table 35 Europe: Optical Switches Market, by Application

    Table36 Asia-Pacific: Optical Switches Market, by Country

    Table37 Asia-Pacific: Optical Switches Market, by Type

    Table38 Asia-Pacific: Optical Switches Market, by Sales Channel

    Table 39 Asia-Pacific: Optical Switches Market, by Application

    Table40 Middle East & Africa: Optical Switches Market, by Country

    Table41 Middle East & Africa: Optical Switches Market, by Type

    Table42 Middle East & Africa: Optical Switches Market, by Sales Channel

    Table43 Middle East & Africa: Optical Switches Market, by Application

    Table44 South America: Optical Switches Market, by Country

    Table45 South America: Optical Switches Market, by Type

    Table46 South America: Optical Switches Market, by Sales Channel

    Table47 South America: Optical Switches Market, by Application

    LIST OF FIGURES

    FIGURE 1 Global Optical Switches Market Segmentation

    FIGURE 2 Forecast Methodology

    FIGURE 3 Porter’s Five Forces Analysis of the Global Optical Switches Market

    FIGURE 4 Value Chain of the Global Optical Switches Market

    FIGURE 5 Share of the Global Optical Switches Market in 2020, by Country (in %)

    FIGURE 6 Global Optical Switches Market, 2020–2027

    FIGURE 7 Sub-segments of Type

    FIGURE 8 Global Optical Switches Market Size, by Type, 2020

    FIGURE 9 Share of the Global Optical Switches Market, by Type, 2020–2027

    FIGURE 10 Global Optical Switches Market Size, by Sales Channel, 2020

    FIGURE 11 Share of the Global Optical Switches Market, by Sales Channel, 2020–2027

    FIGURE 12 Global Optical Switches Market Size, by Application, 2020–2027

    FIGURE 13 Share of the Global Optical Switches Market, by Application, 2020–2027