Global Optical Waveguide Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Optical Waveguide Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

An optical waveguide is a physical structure that guides electromagnetic waves in the optical spectrum. Common types of optical waveguides include optical fiber and transparent dielectric waveguides made of plastic and glass.
Optical waveguides are used as components in integrated optical circuits or as the transmission medium in local and long haul optical communication systems.

Market Overview:


The latest research study on the global Optical Waveguide market finds that the global Optical Waveguide market reached a value of USD 11714.23 million in 2022. It’s expected that the market will achieve USD 25540.55 million by 2028, exhibiting a CAGR of 13.87% during the forecast period.

Increased use of electronic equipment

Scientific interconnection can be divided into two main types, namely optical fiber and the optical waveguide. Optical waveguides are components that interconnect various devices of optical integrated circuits. However, light waves propagate in the waveguide in different optical modes, which helps solve the problem of data traffic congestion with low power consumption. Optical waveguides can also help process large amounts of data from data centers and high-bandwidth cloud computing. Therefore, with the popularization of electronic equipment, data traffic, the processing of large amounts of data generated by data centers, and the wide application of high-speed cloud computing, the optical waveguide market is showing rapid growth.

New entrants are severely restricted

Optical waveguide technology has high barriers, complex production processes, and difficult mass production, which is requiring a long time of deep technical cultivation and accumulation. At present, companies with optical waveguide technology around the world have accumulated a long time in this field. For example, Wave optics, a British AR company established as early as 2010, and Lumus, an Israeli company established in 2012, have both experienced a long time. . New entrants cannot realize the whole chain process of optical waveguide technology from R&D to production in a short time. According to our forecast, one of the most important downstream application areas in the future-AR equipment is expected to usher in an explosion in 2021. In the next two and a half years, it is difficult for new manufacturers to accumulate from scratch and catch up with the climax of demand. This is too costly for the giants.

Region Overview:


In global comparison, a significant portion of the revenue was generated in Asia-Pacific (46.34% in 2021).

Company Overview:


Corning Incorporated is one of the major players operating in the Optical Waveguide market, holding a share of 15.84% in 2020.

Corning Incorporated

Corning Incorporated is a global technology-based company. The Company produces optical fiber, cable, and photonic components for the telecommunications industry, as well as manufactures glass panels, funnels, liquid crystal display glass, and projection video lens assemblies for the information display industry.

HTGD

Hengtong Optic-Electric Co., LTD operates as an optical fiber and optical cable manufacturer and solutions provider. The Company produces communication optical fibers, electricity fibers, rail transit cables, and more. Hengtong Optic-Electric provides solutions for big data, smart ocean, quantum communication, and electricity areas.

Segmentation Overview:


Among different product types, the Channel Waveguide segment is anticipated to contribute the largest market share in 2027.

Channel Waveguide

A channel waveguide (with guidance in both directions) has a guiding structure in the form of a stripe with a finite width. This may be a ridge on top of the cladding structure or an embedded channel. Channel Waveguide's main representative product is an optical fiber.

Planar Waveguide

Planar waveguides are waveguides with planar geometry, which guide light only in one dimension. They are often fabricated in the form of a thin transparent film with an increased refractive index on some substrate, or possibly embedded between two substrate layers.

Application Overview:


The market's largest segment by application is the segment Telecom, with a market share of 52.74% in 2021.

Key Companies in the global Optical Waveguide market covered in Chapter 3:

Fujikura Limited
HTGD
DigiLens
Sumitomo
Himachal Futuristic Communications
Corning Incorporated
Yangtze Optical Fiber and Cable
Leoni Fiber Optics
Sterlite Technologies
Prysmian

In Chapter 4 and Chapter 14.2, on the basis of types, the Optical Waveguide market from 2018 to 2029 is primarily split into:

Channel Waveguide
Planar Waveguide

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Optical Waveguide market from 2018 to 2029 covers:

Telecom
Military & Aerospace
Industrial
Medical
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)