Cross Point Switch Market Size :
Cross Point Switch Market is estimated to reach over USD 88.66 Billion by 2030 from a value of USD 36.76 Billion in 2022, growing at a CAGR of 11.7% from 2023 to 2030.
Cross Point Switch Market Scope & Overview:
Cross point switch includes a collection of switches that are arranged in a matrix configuration. Cross point switch primarily comprise of several output and input lines that form a crossed pattern of interconnecting lines, which enables the establishment of a connection by closing a switch positioned at each intersection and elements of the matrix. Moreover, cross point switch offers various benefits including high performance, decreased bandwidth constraints, flexibility of connecting any input to any output, and others. The aforementioned benefits of cross point switches are key determinants for increasing its deployment in IT & telecommunication, electronics, aerospace and defense, and other industries.
Cross Point Switch Market Insights :
Cross Point Switch Market Dynamics - (DRO) :
Key Drivers :
Rising utilization of cross point switch in IT & telecommunication sector is driving the market growth
Cross point switches are primarily utilized in IT & telecommunication sector as a multiplexer or splitter in networking and telecommunications infrastructure equipment for providing redundancy for data and clock signals. Additionally, the benefits of cross point switches including high speed data, faster data transfer, and higher performance are prime aspects for increasing its utilization in IT & telecommunication sector.
Factors including the growing penetration of 5G infrastructure, increasing demand for wireless communication, and rising adoption of smartphones and communication devices are among the primary determinants for driving the growth of the telecommunication industry.
For instance, according to the Ookla 5G Map, 5G deployments reached 112 countries in November 2021, witnessing a growth of 13% from 99 countries in November 2020. Ookla further states that the overall number of 5G deployments increased considerably and reached up to 85,602 deployments in 2021 in comparison to 17,428 deployments in 2020. Thus, the rising penetration of 5G networks along with the growth of telecommunication sector is increasing the adoption of cross point switches for its application in base stations and communication systems, in turn driving the growth of the market.
Growing electronics industry is spurring the market growth
Cross point switches are used in PCB circuits integrated in electronic devices for providing switching functionality to electronic designs. The ability of cross point switches to handle several data streams with various protocols and enable easy connection of an input to an output without any interruptions are primary determinants for increasing its adoption in the electronics sector.
Factors including increasing penetration of smartphones, laptops, and other consumer devices, advancements in consumer electronics including AI (Artificial Intelligence) and IoT (Internet of Things) and increasing demand for energy-efficient devices are driving the growth of the electronics industry.
According to Japan Electronics and Information Technology, the total production of electronic sector by the Japanese electronics industry was valued at USD 95.2 billion in 2021, witnessing a growth of 9.9% in comparison to 2020. Hence, the growing electronics sector is driving the utilization of cross point switches in PCB circuits integrated in electronic devices, in turn proliferating the market growth.
Key Restraints :
Limitations and operational challenges associated with cross point switch is restraining the market growth
The utilization of cross point switches are usually associated with few limitations and operational challenges, which is a key factor limiting market growth. For instance, the primary limitation of cross point switches is that the failure of a single switch makes certain subscribers inaccessible, in turn hampering the switch performance.
Additionally, the input and output signaling levels of the cross point switches need to be compatible with the destination inputs and source outputs for efficient functioning. Therefore, the aforementioned limitations and operational challenges associated with cross point switches are restraining the growth of the market.
Future Opportunities :
Rising application of cross point switch in aerospace and defense sector is expected to promote potential opportunities for market growth
The rising application of cross point switch in the aerospace and defense sector is expected to present potential opportunities for the growth of the cross point switch market. Cross point switches are commonly used in amplifiers and splitters integrated in aircraft cabin management systems. Moreover, the features of cross point switches including low power, high speed, and strong signal conditioning circuits for driving and receiving high speed signals are increasing its utilization in aerospace and defense sector.
Factors including growing commercial flight activities, rising aircraft production, and increasing investments in air defense systems are fostering the growth of the aerospace & defense sector.
For instance, Boeing, a U.S.-based airline company, delivered 99 commercial jets in the fourth quarter of 2021, witnessing a significant increase of 68% from 59 deliveries in the fourth quarter of 2020. Therefore, the growth of the aerospace & defense sector is anticipated to increase the application of cross point switches, in turn promoting opportunities for market growth during the forecast period.
Cross Point Switch Market Report Insights :
| Report Attributes | Report Details |
| Study Timeline | 2017-2030 |
| Market Size in 2030 | USD 88.66 Billion |
| CAGR (2023-2030) | 11.7% |
| By Type | Digital Cross Point Switch and Analog Cross Point Switch |
| By End-User | IT and Telecommunication, Electronics, Aerospace and Defense, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
| Key Players | MACOM, Microsemi, Renesas Electronics Corporation, Analog Devices Inc., Semiconductor Components Industries LLC, Texas Instruments Incorporated, Microchip Technology Inc., Semtech Corporation, STMicroelectronics, NXP Semiconductors |
Cross Point Switch Market Segmental Analysis :
By Type :
Based on the type, the market is bifurcated into digital cross point switch and analog cross point switch. The digital cross point switch segment accounted for the largest revenue share in terms of revenue in the year 2022. Digital cross point switches are designed for utilization in high-speed signal switching for transmitting digital information including data and voice traffic at a faster rate. Digital cross point switches are capable of handling numerous protocols, data streams, and clock sources among others. The above benefits of digital cross point switches are increasing its application in IT & telecommunication, and aerospace & defense sectors among others.
According to Viavi Solutions Inc., the total number of cities with 5G networks reached 1,947 worldwide as of January 2022, with the addition of 635 new 5G cities in 2021. Thus, the growth of the telecommunication sector is among the key factors driving the adoption of digital cross point switch for high-speed signal switching applications, in turn contributing to the growth of the market.
Further, the analog cross point switch segment is anticipated to register the fastest CAGR growth during the forecast period. Analog cross point switches are primarily designed for routing high speed signals including audio and video signals. Moreover, analog cross point switches offer several benefits including low power dissipation, high reliability, low power consumption, and others. Additionally, analog cross point switches are commonly used in telecommunication, electronics, medical, and aviation & defense sectors for applications including video teleconferencing, medical imaging, in-flight entertainment, surveillance, and others. For instance, Airbus, a French airline company, delivered a total of 611 commercial aircraft in 2021, witnessing an increase of around 8% in comparison to 566 deliverables in 2020. Hence, the growing aerospace & defense sector is driving the adoption of analog cross point switches, attributing to its aforementioned benefits. The above factors are anticipated to drive the market growth during the forecast period.
By End-User :
Based on the end-user, the market is segregated into IT and telecommunication, electronics, aerospace and defense, and others. The IT and telecommunication segment accounted for the largest revenue share of 45.86% in the year 2022. Factors including the growing penetration of 5G infrastructure, increasing demand for wireless communication, along with rising need for high-speed data and cloud-based services are driving the growth of the IT & telecommunication sector.
For instance, according to GSM Association, the majority of countries in Europe deployed commercial 5G services in 2021, and approximately two thirds of operators in the region launched 5G networks. GSM Association also states that 5G connections across Europe are projected to reach 311 million by 2025. Therefore, the growth of IT & telecommunication sector is driving the adoption of cross point switches for application in base stations and communication systems among others, in turn proliferating the growth of the market.
The electronics segment is expected to witness the fastest CAGR growth during the forecast period. The growth of electronics segment is attributed to several factors including increasing penetration of smartphones, laptops, and other consumer devices, advancements in consumer electronics including AI (Artificial Intelligence) and IoT (Internet of Things) and increasing demand for energy-efficient devices.
For instance, according to the Brazilian Electrical and Electronics Industry Association (ABINEE), the electrical and electronics industry in Brazil was valued at USD 42.2 billion in 2022, witnessing a growth of nearly 8% in comparison to USD 39.2 billion in 2021. Cross point switches are used in PCB circuits integrated in electronic devices for providing dynamic switching functionality to electronic designs, owing to its ability to handle several data streams with various protocols. Thus, the rising production from the electronics industry is projected to drive the adoption of cross point switches, in turn driving the growth of the market during the forecast period.
By Region :
The regional segment includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
North America accounted for the largest revenue share of USD 12.04 Billion in 2022 and is expected to reach USD 28.83 Billion by 2030, registering a CAGR of 11.6% during the forecast period. In addition, in the region, the U.S. accounted for the maximum revenue share of 49.78% in the same year. The adoption of cross point switches in the North American region is mostly driven by its utilization in IT & telecommunication, aerospace & defense, and other sectors. Moreover, the increasing utilization of cross point switches in multiplexer or splitter used in networking and telecommunications infrastructure equipment for providing redundancy for data and clock signals is among the significant factors driving the market growth in the region. For instance, according to the GSM Association, approximately 140 million 5G connections were deployed across North America as of 2022. Hence, the growing telecommunication industry is propelling the deployment of cross point switch for high-speed data transfer and signal switching applications, in turn fostering market growth in the North American region. Additionally, increasing investments in the aerospace & defense industry are anticipated to promote lucrative growth aspects for the market in North America during the forecast period.
Asia-Pacific is expected to register the fastest CAGR growth during the forecast period. The growing pace of industrialization and development is creating lucrative growth aspects for the market in the region. Moreover, factors including the growth of multiple industries such as electronics, telecommunication, and others are fostering the market growth for cross point switch in the Asia-Pacific region.
For instance, according to the India Brand Equity Foundation, the consumer electronics sector in India was valued at USD 9.84 billion in 2021, and it is projected to grow at a considerable rate to reach USD 21.18 billion by 2025. Hence, the growing electronics sector is anticipated to drive the utilization of cross point switches in PCB circuits integrated in electronic devices for providing dynamic switching functionality to electronic designs, thereby, proliferating the market growth in the Asia-Pacific region during the forecast period.
Top Key Players & Market Share Insights:
The cross point switch market is highly competitive with major players providing cross point switch to the national and international markets. Key players are adopting several strategies in research and development (R&D), product innovation, and application launches to hold a strong position in cross point switch market. Key players in the cross point switch market include-
- Renesas Electronics Corporation
- Analog Devices Inc.
- Semiconductor Components Industries LLC
- Texas Instruments Incorporated
- Microchip Technology Inc.
Recent Industry Developments :
- In June 2022, CAES obtained Defense Logistics Agency's (DLA) Qualified Manufacturers List Class V (QML-V) rating for the cross point switch. The qualification assures company's customers that the switches have been through most rigorous and harshest testing standards, making it suitable for use in aerospace and defense industry.
Key Questions Answered in the Report
What is cross point switch? +
Cross point switch includes a collection of switches that are arranged in a matrix configuration. Cross point switch primarily comprises of several output and input lines that form a crossed pattern of interconnecting lines, which enables the establishment of a connection by closing a switch positioned at each intersection and elements of the matrix.
What specific segmentation details are covered in the cross point switch report, and how is the dominating segment impacting the market growth? +
For instance, by type segment has witnessed digital cross point switch as the dominating segment in the year 2022, owing to its increasing utilization in IT & telecommunication, and aerospace & defence sectors among others.
What specific segmentation details are covered in the cross point switch market report, and how is the fastest segment anticipated to impact the market growth? +
For instance, by end-user segment has witnessed electronics as the fastest-growing segment during the forecast period due to the rising adoption of cross point switches in PCB circuits integrated in electronic devices for providing dynamic switching functionality and other related features.
Which region/country is anticipated to witness the highest CAGR during the forecast period, 2023-2030? +
Asia-Pacific is anticipated to register fastest CAGR growth during the forecast period due to rapid pace of industrialization and growth of multiple industries such as electronics, IT & telecommunication, and others.
