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Optical Waveguide Market Share

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

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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.

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.