According to a new report, published by KBV research, The Global Optical Waveguide Market size is expected to reach $9.9 billion by 2029, rising at a market growth of 7.0% CAGR during the forecast period.
The Planar Waveguide segment is showcasing a CAGR of 9.5% during (2023 - 2029). Photons are exclusively guided in one direction by the planar shape of the planar waveguide. Fabricating these waveguides creates a slab waveguide structure using a thin transparent sheet. The planar waveguide substrates have cladding material inserted into them on both sides that raises the material's refractive index and aids in high-speed data transport. The planar waveguide structure is ideal for data-intensive applications, including chip-to-chip optical, interconnects, lasers, and optical transceivers.
The Board-to-board & Rack-level Optical Interconnect segment acquired maximum revenue share in the Global Optical Waveguide Market by Interconnect Level in 2022 thereby, achieving a market value of $5.3 billion by 2029. Optical interconnect waveguide solutions for data transmission applications in high-performance computing, cloud computing, and data centers are credited with driving the market expansion. In addition, the expanding use of machine learning, big data, and IoT has significantly raised the need for data centers & applications for high-performance computing.
The Glass segment has shown the growth rate of 6.5 % during (2023 - 2029). The numerical aperture of glass-based optical waveguides is greater than that of polymer-based waveguides. The glass composition permits more light rays to enter the device and transfer across a broad range extending from 200 to 2,200 nanometers. Optical waveguides from glass resist corrosive substances and severe temperatures and can operate in harsh situations.
The Single-mode segment is leading the Global Optical Waveguide Market by Propagation in 2022 thereby, achieving a market value of $6.1 billion by 2029. This segment's expansion can be ascribed to the rapid usage of single-mode optical waveguides for long-distance telecommunication networking applications. Single-mode waveguides may transmit signals faster and across greater distances than their multimode counterparts. Increasing advancements in 5G network infrastructure, the better-established optical networks, and the rising usage of 5G connectivity globally are anticipated to fuel the expansion of the market for single-mode optical waveguides throughout the forecast period.
The Data Center & High-Performance Computing (HPC) segment is poised to grow at a CAGR of 5.7% during (2023 - 2029). The global expansion of colocation data centers is to blame for the segment's expansion. High-speed data transmission, quality, and performance benefits are provided by optical waveguide solutions found in data center networks like optical transceivers, fiber optics, connectors, and active optical cables. It facilitates correct data transmission between two sites and aids in transmitting data over greater distances and with resilience to electromagnetic interference.
The Asia Pacific market dominated the Global Optical Waveguide Market by Region in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $3.7 billion by 2029. The Europe market is exhibiting a CAGR of 6.7% during (2023 - 2029). Additionally, The North America market would showcase a CAGR of 6.4% during (2023 - 2029).
Full Report: https://www.kbvresearch.com/optical-waveguide-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Corning Incorporated, Sumitomo Electric Industries, Ltd., Yangtze Optical Fibre and Cable Joint Stock Limited Company, Fujikura Ltd., Prysmian Group, Furukawa Electric Co., Ltd., CommScope Holding Company, Inc., Sterlite Technologies Limited, Coherent Corp. and DigiLens Inc.
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