Optical Waveguide Market Analysis

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.

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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.

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.