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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.
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.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Optical Waveguide Market Size in 2022: | USD 5 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 10% |
| 2032 Value Projection: | USD 15 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 250 |
| Tables, Charts & Figures: | 350 |
| Segments covered: | Type, Refractive Index, Mode Structure, Material, End-use, and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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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.
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.
Optical waveguide market size from the telecommunication segment exceeded USD 1 billion revenue in 2022 and is set to observe sizable growth through 2032 as a result of the growing subscription rates for various fixed-point devices, the accessibility of low-cost communication devices, affordable services offered by telecom service providers, and the expanding global internet-user base.
By 2032, the planar segment is expected to accumulate over 20% share in the optical waveguide market owing to its suitability for data-intensive solutions, including optical transceivers, lasers, and chip-to-chip optical interconnects. The rise in need for energy-efficient and small optical transceivers within high-performance computing (HPC) and data centers is speculated to energize the planar waveguide industry expansion. Optical transceivers are the backbone of data transition that is applicable to all kinds of 400 GbE module assembly.
North America optical waveguide market was valued at over USD 2 billion in 2022 attributed to a drastic increase in internet-enabled devices that has promoted the demand for high-speed data which is in turn shaping the optical waveguides that enable the high-speed transfer of a large amount of data. Moreover, supportive government plans to provide high-speed internet infrastructure are driving the regional market progress further. To cite an instance, the Bipartisan Infrastructure Law invested USD 65 billion in high-speed internet for rural areas to ensure affordable access to reliable internet.
Optical Waveguide Market Share
- Sumitomo electric industries ltd.
- Corning Incorporated
- Prysmian Group S.p.A.
- Commscope
- Fujikura ltd
are some of the key participants involved in the optical waveguide market. These firms mainly engage in R&D initiatives and new product launches. For instance, in February 2022, Corning Incorporated (US), a technology firm, launched the new 2.0 high-index glass composition to improve the expansion of mixed and augmented reality (AR/MR) diffractive waveguides for wearable devices. With this move, the company purposed to accelerate the adoption of augmented reality (AR) technology.
Impact of COVID-19 panedmic
The onset of the COVID-19 pandemic had a two-fold influence on the optical waveguide market. As it disrupted the global supply chains, production and distribution of components and optical waveguide products was hampered. However, increased demand for high-speed internet and the growing adoption of fiber optic technology in various end-use industries bolstered the use of optical waveguides. Emerging trends of remote working, online education, and video conferencing resulted in high internet penetration across regions.
The optical waveguide market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue in USD from 2018 to 2032 for the following segments: Click here to Buy Section of this Report
By Type
- Planar
- Channel waveguide
By Refractive Index
- Step-index Fiber
- Graded index Fiber
By Mode Structure
- Single mode
- Multi-mode
By Material
- Glass
- Polymer
- Semiconductor
- Silicon
- Others
By End-use
- Consumer electronics
- Telecommunication
- Submarine
- Aerospace & defense
- BFSI
- Manufacturing
- Healthcare
- BFSI
- Oil and Gas
- Others
The above information has been provided for the following regions and countries:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Asia Pacific
- China
- India
- Japan
- South Korea
- ANZ
- Latin America
- Brazil
- Mexico
- MEA
- KSA
- UAE
- South Africa
Frequently Asked Questions (FAQ) :
Optical Waveguide Market Scope
