The Business Research Company’s report on the Optical Waveguide Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the primary drivers fueling the growth of the optical waveguide market in recent years?
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 2022, according to the Korea Data Center Council (KDCC), a Korea-based organization that is dedicated to promoting the development of the data center industry in Korea, the overall capacity of colocation data centers information technology (IT) load reached 430 MW, accounting for 11% of the total APAC IT load. Following Savills Korea projections, the total commercial data center IT load in Korea 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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What is the projected market size of the optical waveguide industry, and how is it expected to grow?
The optical waveguide market size has grown strongly in recent years. It will grow from $7.43 billion in 2024 to $7.99 billion in 2025 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to telecommunications infrastructure expansion, demand for high-speed data transmission, increasing internet penetration, growth in the it and telecommunication sector, and rising demand for energy-efficient communication systems
The optical waveguide market size is expected to see strong growth in the next few years. It will grow to $11.33 billion in 2029 at a compound annual growth rate (CAGR) of 9.1%. The growth in the forecast period can be attributed to 5g network deployment, expansion of data centers, demand for high bandwidth applications, increasing adoption of cloud computing, surge in demand for optical communication in automotive. Major trends in the forecast period include increased use of flexible optical waveguides, rising demand for optical waveguides in healthcare applications, growing focus on environmentally friendly and sustainable optical waveguide materials, advancements in integrated photonics, and innovations in optical signal processing technologies.
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Who are the key players driving competition in the optical waveguide market?
Major companies operating in the optical waveguide market include Sumitomo Electric Industries Ltd., Prysmian SpA, Corning Incorporated, Synopsys Inc., Fujikura Ltd., FibreHome Telecommunication Co. Ltd., Mouser Electronics Inc., Yangtze Optical Fiber and Cable Co. Ltd., America Fujikura Ltd., Bizlink Technology Inc., Sterlite Technologies Ltd., Accelink Technologies Corporation, Himachal Futuristic Communications Ltd., Eoptolink Technology Inc. Ltd., ZTT International Ltd., SAB Brockskes GmbH & Co. KG, OFS Fitel LLC, Wooriro Co. Ltd, LEONI Fiber Optics Inc., Digilens Inc., LUMUS Ltd., Wave Optics Ltd, INGUN, Waveguide Communications Inc., Vescent Photonics LLC, MicroVacuum Ltd., Cognifiber Ltd, Waveguide Optical Technologies LLC, Anello Photonics Inc., AdvR Inc.
What key trends are expected to drive the optical films market during the forecast period?
Product innovation has emerged as a key trend gaining popularity in the optical waveguide market. Major companies operating in the optical waveguide market are developing innovative products with advanced technologies to sustain their position in the market. For instance, in January 2023, Lumus Ltd., an Israel-based augmented reality company, introduced the Next Generation 2D ‘Z-Lens’. The Z-Lens waveguide architecture is built upon Lumus’ 2D Maximus technology and features a more miniature projector and prescription. The optical engine of the Z-Lens is 50% smaller than its predecessor, Maximus, and allows for more flexibility for glasses manufacturers to place the entrance aperture in various positions. The Z-Lens is considered a game-changing technology in AR glasses and is expected to pave the way for widespread consumer adoption.
Which key geographies are driving the growth of the optical waveguide market?
North America was the largest region in the optical waveguide market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the optical waveguide market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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What are the key segments driving growth in the optical waveguide market?
The optical waveguide market covered in this report is segmented –
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 And Defense, Consumer Electronics, Industrial, Other End-Users
Subsegments:
1) By Planar Waveguide: Glass Planar Waveguides, Polymer Planar Waveguides
2) By Channel Waveguide: Optical Channel Waveguides, Integrated Waveguides
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What defines the structure and scope of the optical waveguide market?
An optical waveguide is a spatially irregular structure that transmits optical messages by guiding and confining light along a predetermined path. optical waveguides are essential components in photonics, where configuring the waveguides in 3D space provides integration between electronic components on a chip and optical fibers.
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