Dublin, Feb. 14, 2024 (GLOBE NEWSWIRE) -- The "Global Optical Waveguide Market by Type (Nonplanar, Planar), Refractive Index (Graded Index, Step Index), Material, Mode Structure, Interconnection Level, Application - Forecast 2024-2030" report has been added to ResearchAndMarkets.com's offering.
The Optical Waveguide Market size was estimated at USD 7.23 billion in 2023, USD 7.78 billion in 2024, and is expected to grow at a CAGR of 7.80% to reach USD 12.24 billion by 2030.
The optical waveguide is a spatially inhomogeneous structure that guides electromagnetic waves across the optical spectrum. Optical waveguides contain a region of the increased refractive index, known as cladding, compared with the surrounding medium. Optical waveguides are deployed as components in integrated optical circuits and also as the transmission medium in local and long-haul optical communication systems.
The surge in the number of data centers & prominent use of high-performance computers, and fiber expansion to the home with the rise of smart home & smart city projects is accelerating the use of optical waveguides. Design and fabrication issues associated with optical waveguide solutions hamper the market growth. The designing of optical waveguides requires skilled personnel in physics and engineering as they need to meet unique requirements and mainly rely on a specific set of waveguide transmission protocols. Moreover, the advancement of nanomaterial optical waveguides enables the integration of high-density compact photonics and 3-D printing of waveguides.
Regional Insights
International players are making strategic acquisitions & expansions for optical fiber production to implement next-gen communications. Increase in internet-enabled devices has promoted the demand for high-speed data which is in turn shaping the optical waveguides that enable the high-speed transfer of a large amount of data in Americas. Moreover, the American government supports plans to provide high speed internet infrastructure which boost the optical waveguide market.
The EU's new telecom regulatory framework promotes fiber network investment to improve the broadband coverage of all EU countries. European companies are signing agreements to accelerate fiber optic rollout across Europe. The increasing deployment of newer data centers in Europe fuels the optical waveguide market growth.
Asia-Pacific is expected to witness significant growth because of the rise in the telecommunication capital in the region. The presence of several photonics start-up players in the region is supporting the optical waveguide market growth. Data centers' increasing adoption of high-speed cloud computing will likely boost demand for optical waveguides in the region. China has the major fiber-optic companies focussing on research and development in optoelectronics and optical fiber communications.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Optical Waveguide Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Optical Waveguide Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Market Segmentation & Coverage
This research report categorizes the Optical Waveguide Market to forecast the revenues and analyze trends in each of the following sub-markets:
- Type
- Nonplanar
- Planar
- Refractive Index
- Graded Index
- Step Index
- Material
- Electro-Optic
- Glass
- Polymer
- Semiconductor
- Silicon
- Mode Structure
- Multi-Mode
- Single-Mode
- Interconnection Level
- Board-To-Board Optical Interconnection
- Chip-To-Chip Optical Interconnection
- Long-Haul Interconnection
- Rack-to-Rack Interconnection
- Application
- Aerospace & Defense
- Consumer Electronics
- Data Center & High-Performance Computing (HPC)
- Industrial
- Medical
- Metrology
- Telecommunication
The report offers valuable insights on the following aspects:
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 181 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value (USD) in 2024 | $7.78 Billion |
| Forecasted Market Value (USD) by 2030 | $12.24 Billion |
| Compound Annual Growth Rate | 7.8% |
| Regions Covered | Global |
Companies Mentioned
- Aksh OptiFibre Ltd.
- ALLIED WIRE AND CABLE INC.
- Belden Inc.
- Birla Cable Ltd.
- BJG Electronics Inc.
- Coherent Corp.
- CommScope, Inc.
- Comstar Supply
- Corning Incorporated
- Digi-Key Electronics Germany GmbH
- DigiLens Inc.
- Fiber Instruments Sales Inc.
- Fiber Optics For Sale Co.
- Fiberinthebox
- Fujikura Ltd.
- Furukawa Electric Co., Ltd.
- Futong Group Company Ltd.
- GAO Tek, Inc.
- Himachal Futuristic Communications Ltd.
- Holographix LLC
- IBS Electronics Inc.
- Impulse Technologies
- Infinite Cables Inc.
- Lumus Ltd.
- M2Optics, Inc.
- Mitsubishi Chemical Group Corporation
- Mouser Electronics Inc.
- Multicom, Inc.
- NEC Corporation
- Nedco
- OFS Fitel, LLC
- Optical Cable Corporation
- Prysmian S.p.A.
- SAB Brockskes GmbH & Co. KG
- Shanghai Tangpin Technology Co., Ltd.
- Shenzhen Sopto Technology Co., Ltd.
- Sterlite Technologies Limited
- Structured Cable Products Inc.
- Sumitomo Electric Industries, Ltd.
- SUSS MicroOptics SA
- Teem Photonics
- Texcan, a Sonepar Company
- The Light Connection, Inc.
- TVC Canada, a division of Wesco International
- Wave Optics Ltd.
- Waveguide Optical Technologies
- Yangtze Optical Fibre and Cable Joint Stock Limited Company
- ZTT International Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/8b1mqi
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