Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 6.5 Billion | USD 11.6 Billion | 7.5% | 2022 |
FrequentlyAsked Questions
Several devices of the optical integrated circuits are interconnected with the help of the optical waveguide. In the waveguide, the optical wave travels in different modes of optical which helps in resolving the congestion of the data traffic and that too with low consumption of power. Data centers have a significant amount of data that can be handled by the optical waveguide.
The major factors that are driving the market for the optical waveguide are the increasing usage of electronic devices, the increased rate of data traffic along with the huge amount of data that is being generated by the data centers, and the high-speed cloud computing techniques are positively enhancing the growth of the market. The high demand for bandwidth, the increased usage of the internet, and the low consumption of power are other factors that will contribute to the growth of the market in the coming years.
According to the report, the global optical waveguide market size was worth around USD 6.5 billion in 2022 and is predicted to grow to around USD 11.6 billion by 2030.
The global optical waveguide market is expected to grow at a CAGR of 7.5% during the forecast period.
The global optical waveguide market growth is expected to be driven by North America. It is currently the world’s highest revenue-generating market owing to the increasing number of internet-enabled devices and the growing government support for high-speed internet infrastructure.
The global optical waveguide market is dominated by players like Waveguide Optical Technologies, Wave Optics Ltd, LUMUS, Optinvent, HFCL, Sumitomo Bakelite Co., Ltd., OFS Fitel, LLC, Corning Incorporated, MicroVacuum Ltd., SAB Bröckskes GmbH & Co. KG, Sumitomo Electric Industries, Ltd., WOORIRO, INGUN, Fujikura Ltd., STL Tech, AFL, Digilens, Commscope, Cognifiber.com, Synopsys, Inc., and Waveguide Communications, Inc. among others.
HappyClients
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed