The Business Research Company’s Optical Waveguide Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Optical Waveguide Global Market Report 2023 evaluates optical waveguide market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global optical waveguide market is expected to grow from $6.4 billion in 2022 to $6.9 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The optical waveguide market is expected to reach $9.41 billion in 2027 at a CAGR of 8%.
The growing data center business is expected to propel the growth of the optical waveguide market going forward. A data center is a facility that uses a complicated network, computing, and storage infrastructure to allow shared access to applications and data. Optical waveguides are used in data centers to enable high-speed and high-bandwidth optical communication, allowing for efficient data transmission over long distances and boosting overall network performance and scalability. For instance, in February 2021, according to the Korea Data Center Council (KDCC), an organization that represents Korea’s data center industry, the overall capacity of colocation data centers information technology (IT) load reached 430 MW at the end of 2020, accounting for 11% of the total APAC IT load. Following Savills Korea projections, Korea’s total commercial data center IT load is expected to expand by 700 MW between 2021 and 2023, accounting for 15% of overall Asia-Pacific capacity. Therefore, the growing data center business is driving the optical waveguide market.
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The optical waveguide market segments in the report are:
1) By Type: Planar Waveguide, Channel Waveguide
2) By Material: Glass, Polymer, Semiconductor
3) By Interconnect Level: Metro And Long-Haul Optical Interconnect, Board-To-Board And Rack-Level Optical Interconnect, Chip-And Board-Level Optical Interconnect
4) By End-User: Telecommunication, Data Center And High Performance Computing, Medical, Metrology, Aerospace & Defense, Consumer Electronics, Industrial, Other End-Users
The table of contents in TBRC’s optical waveguide market report includes:
1. Executive Summary
2. Optical Waveguide Market Characteristics
3. Optical Waveguide Market Trends And Strategies
4. Optical Waveguide Market – Macro Economic Scenario
5. Optical Waveguide Market Segmentation
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26. South America Optical Waveguide Market
27. Brazil Optical Waveguide Market
28. Middle East Optical Waveguide Market
29. Africa Optical Waveguide Market
30. Optical Waveguide Market Competitive Landscape And Company Profiles
Top Major Players:
- Sumitomo Electric Industries Ltd
- Prysmian SpA
- Corning Incorporated
- Synopsys Inc
- Fujikura Ltd
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