Optical Waveguide Market Size

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.

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.