The global Optical Waveguide Market is forecasted to reach USD 13.70 Billion by 2027, according to a new report by Emergen Research. The optical waveguide market is expected to expand significantly due to the growing demand for higher bandwidth and fast cloud computing adoption by various data centers.
Those are further intended to assist businesses involved in this sector in sound decision-making and formulating lucrative business plans. The primary addressees of this report include some of the globally renowned venture capitalists. The report offers these individuals a vivid description of the competitive spectrum of the global Optical Waveguide market.
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The growing global requirement of more data and reliable high-speed network coverage among consumers leads to the implementation of 5th generation wireless network connectivity to transmit more data with a more stable connection. It is anticipated to increase in the global optical waveguide market along with the implementation of 5G shortly.
The expensive configuration cost is restraining the market growth. However, the growing penetration of the internet and increasing consumers' awareness about IoT enabled smart devices is expected to provide opportunities in the optical waveguide market.
Optical Waveguide Market research report depicts the latest market scenario with updated trends and segmentation of the products and services. The study provides crucial information on the market situation, size, share, growth factors of the Optical Waveguide
The leading manufactures in the market include Fujikura Ltd, LEONI Fiber Optics, Inc., Corning Inc., Sterlite Technologies Ltd., ZTT International Ltd., Sumitomo Electric Industries Ltd., Futong Group Company Ltd., Furukawa Electric Company Ltd., FiberHome Telecommunication Technologies Company Ltd., and Mouser Electronics Inc. among others.
Some Key Highlights from the Report
Channel type optical waveguide is expected to witness significant growth due to the capabilities of providing better bandwidth and faster speed owing to two-way transverse optical confinement, where planar optical confinement is one transverse direction.
The multi-mode propagation dominates the market due to the maximum bandwidth (28000MHz) presence of OM5 fiber. The multi-mode held the largest market share of 66.8% in the year 2019.
With the benefits of high index variation and CMOS compatibility, which makes a smaller angle along with the high-level integration density, the silicon-based optical waveguide is efficient in comprehending multi functionalities in a single chip.
The graded-index is dominated by a market share of 68.0% in 2019 due to less attenuation and higher bandwidth than the step-index. Besides, in graded-index, light propagation is in the skew ray form, and it makes sure not to cross the fiber axis, wherein step-index, the light ray propagation is in the meridional ray form, and it goes through the fiber axis.
Telecom IT industry is expected to grow at the fastest rate over the period, followed by Oil Gas and Aerospace. Escalating demand for steady and high-speed internet among consumers and IT organizations is driving the optical waveguide market. The telecom IT industry is expected to rise by a CAGR of 7.7% in the forecasted period.
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Emergen Research has segmented the global Optical Waveguide Market based on type, application, propagation mode, material, connectivity, refractive index, end-use, and region:
Type Outlook (Revenue, USD Billion; 2017-2027)
- Channel
- Planar
End-Use Outlook (Revenue, USD Billion; 2017-2027)
- Oil and Gas
- Telecom and IT
- Healthcare
- Defense
- Aerospace
- BFSI
- Others
Propagation Outlook (Revenue, USD Billion; 2017-2027)
- Single-Mode
- Multi-Mode
Application Outlook (Revenue, USD Billion; 2017-2027)
- Printer
- Router
- Medical Equipment
- Inspection Devices
- High-Performance Computing (HPC)
- Automobiles and Aircraft
- Ultra HDTV
- Others
Connectivity Outlook (Revenue, USD Billion; 2017-2027)
- On-Chip Interconnection
- On-Board Interconnection
- Others
Material Outlook (Revenue, USD Billion; 2017-2027)
- Polymer
- Semiconductor
- Silicon
- Electro-optic
- Glass
Refractive Index Outlook (Revenue, USD Billion; 2017-2027)
- Step-Index
- Graded-Index
Each section of the report reveals critical information about the global Optical Waveguide market that could be used to ensure strong growth in the coming years. Our unique blend of primary and secondary research techniques helped us to recognize hidden business opportunities available in the global Optical Waveguide market, besides collecting significant insights of market participants and obtaining precise market data. It includes several research studies such as manufacturing cost analysis, absolute dollar opportunity, pricing analysis, company profiling, production and consumption analysis, and market dynamics.
Highlights of the Optical Waveguide Market Report:
This research report focuses on the Optical Waveguide Market overview, market share, demand and supply ratio, and import/export details, supply chain analysis, and others.
The report includes different approaches and procedures used by established market players for efficient business decisions.
The report offers detailed information regarding the production value, strategies adopted by the key market players, their products/services offerings, and many more.
Read More: https://www.emergenresearch.com/industry-report/optical-waveguide-market
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