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Optical Waveguide Market Size

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

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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.

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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.

Optical Waveguide Market Report Attributes
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:	Technological advancements in photonic integrated circuits Rising number of data centers worldwide Rise in adoption of electronic devices Growing demand for high bandwidth
Pitfalls & Challenges:	Issue related to designing and fabricating optical waveguide High installation cost of optical waveguides

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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.