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Optical Waveguide Market - By Type (Planar, Channel), By Refractive Index (Step, Graded), By Mode Structure (Single, Multi), By Material (Glass, Polymer, Silicon, Semiconductor), By End-Use (BFSI, Submarine, A&D, Manufacturing, HC) - Global Forecast to 2032

  • Report ID: GMI5472
  • Published Date: Mar 2023
  • Report Format: PDF

Optical Waveguide Market Size

Optical Waveguide Market size was recorded at over USD 5 billion in revenue in 2022 and is estimated to grow at over 10% CAGR from 2023 to 2032 driven by a burgeoning number of internet users.
 

Optical Waveguide Market

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Mounting numbers of data centers worldwide is expected to stimulate business growth. Fiber optics, optical transceivers, connectors, active optical cables, and other optical waveguide technologies offer benefits in high-speed data transfer, quality, and performance in data center networks. The United States International Trade Commission estimates that there were about 8,000 data centers worldwide as of January 2021. Additionally, the incorporation of advanced optical waveguides and the booming construction of 5G infrastructure are poised to present lucrative opportunities for the optical waveguide industry progression.
 

Issues related to designing and fabricating optical waveguides may restrain business expansion

Designing optical waveguides demands physics and engineering skills as they are constructed to meet precise specifications and principally rely on a specific set of waveguide transmission protocols. Such problems are anticipated to impede optical waveguide market growth. Nonetheless, the rising trend of augmented/mixed reality is expected to positively influence the product landscape as more companies are integrating AR/MR to make products such as smart glasses and head-up displays.
 

Optical Waveguide Market Analysis

In terms of refractive index, the graded index fiber segment is foreseen to garner a valuation of over USD 10 billion by the end of 2032. These fibers have large diameters that aid all single-mode devices address coupling and alignment concerns and can also significantly lower modal dispersion. A 2023 study found that optimized wavefronts with graded index fiber that tune the convergence in a fiber lens-less system can enhance the output power of experiments to more than 4.5dB compared to non-optimal configuration.
 

 

Optical waveguide Market Share, By Material

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Based on material, in 2022, the glass segment captured more than 25% share in the optical waveguide market propelled by their capacity to transmit both visible and infrared light. Additionally, their surging popularity in AR/MR solutions is also fostering segment expansion. In a recent instance, in January 2023, Lumus, an AR-specialty glass eyewear waveguide producer, launched 2D Z-lens waveguide architecture that is built on 2D maximus to enable the creation of smaller, lighter AR eyeglasses.
 

Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

Global market size for optical waveguide registered a valuation of more than USD 5 billion in 2022 and is primed to grow at over 10% CAGR between 2023 and 2032 propelled by mounting numbers of data centers and internet users worldwide.
Planar segment is poised to accumulate over 20% market share by 2032 as a result of its suitability for data-intensive solutions, including optical transceivers, lasers, and chip-to-chip optical interconnects.
Telecommunication end-use segment surpassed a valuation of USD 1 billion in 2022 owing to the accessibility of low-cost communication devices, affordable services offered by telecom service providers, and the expanding global internet user base.
North America optical waveguide industry was valued at over USD 2 billion in 2022 on account of supportive government plans to provide high-speed internet infrastructure in the region.

Optical Waveguide Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 11
  • Tables & Figures: 350
  • Countries covered: 20
  • Pages: 250
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