Optical Waveguide Market is projected to experience a robust CAGR of 13.29%

The optical waveguide market is expected to grow at a CAGR of 13.29% during the forecast period.

NOIDA, UTTAR PARDESH, INDIA, December 7, 2023 /EINPresswire.com/ -- According to a new study published by Knowledge Sourcing Intelligence, the optical waveguide market is projected to grow at a CAGR of 13.29% between 2021 and 2028.

The factors primarily linked to the market’s expansion are advancements in technology related to photonic integrated circuits, the surge in investments in augmented/mixed reality, the growth of subscription rates for both fixed-point and wireless communication systems, the availability of cost-effective communication equipment, the affordability of services offered by telecom service providers, and the expanding global Internet user base.

A waveguide serves as a tool or material designed to guide waves in a specific direction. It plays a crucial role in minimizing the loss of wave intensity while facilitating the propagation of waves from a source to a predetermined destination. This process involves constraining the wave along a specific dimensional path, preventing it from dispersing in all directions. Waveguides are integral components in various contemporary technologies, finding application in fiber optic cables that deliver high-speed broadband internet, as well as in microwave ovens to direct microwaves. Moreover, waveguides are essential elements in sophisticated scientific instruments used in the fields of physical sciences and medicine, contributing significantly to advancements in research and healthcare.

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Based on type, the market can be divided into planar and channel waveguides. Integrated optics extensively employs planar waveguides, which involve the fabrication of multiple optical components on a single substrate. These waveguides play a pivotal role in integrating various elements such as lasers, modulators, detectors, splitters, and other passive and active optical components onto a singular chip. The integration of optics is essential in various applications, including telecommunications, data communications, optical sensing, and optical computing.

Based on material, the market can be segmented into glass, polymer, and semiconductor. Integration of semiconductor optical waveguides with other semiconductor devices on a single chip is seamless, resulting in the creation of a compact and monolithic optical circuit. The fabrication of semiconductor optical waveguides can be achieved using established semiconductor manufacturing processes, including lithography, etching, and deposition techniques. Silicon photonics has been a subject of significant research and development efforts, with a focus on improving the integration density and complexity of silicon photonic circuits. Researchers are actively engaged in advancing fabrication techniques and introducing novel designs to enable additional functionalities on a single chip. This pursuit aims to achieve higher performance and enhance the efficiency of systems.

Based on the interconnect level, the market can be segmented into optical interconnects employed in metro and long-haul applications, board-to-board and rack-level connections, as well as chip and board-level interconnectivity. In November 2020, Ayar Labs, a company specializing in chip solutions based on the architectural principles of optical networking, secured $35 million in a Series B funding round. The funds were intended to expedite the product development and commercialization of Ayar Labs' in-package optical interconnect (I/O) solution, as well as to expand the company's global presence. The Optical I/O (OIO) technology addressed significant computing bottlenecks related to interconnect bandwidth, power consumption, and reach. The removal of these bottlenecks paved the way for innovative system architectures, offering improvements in power, performance, area, and cost beyond the constraints of traditional Moore's Law scaling. This impact was particularly notable in crucial applications such as artificial intelligence, high-performance computing, cloud services, telecommunications, and aerospace.

Based on the industry vertical, the market can be differentiated into telecommunication, medical, metrology, aerospace and defense, consumer electronics, and industrial purposes. Waveguides play a common role in spacecraft subsystem communication, with many satellite communication payloads incorporating waveguide technology. The industry is shifting towards higher-frequency waveguide systems in response to the growing demand for confined frequency spectrums. The manufacturing of these systems necessitates specialized RF design and innovative production techniques. As an illustration, in August 2022, Teledyne Technologies Inc. was selected by U.S. military researchers to develop integration and fabrication technologies for compact, high-performance RF and microwave electronics. The objective was to facilitate the creation of sensing and communication systems operating in the G-band frequency range (110 GHz to 300 GHz), catering to applications in telecommunication, remote security sensing, and radio astronomy.

Based on geography, the largest share of the optical waveguide market is held by the Asia Pacific region, primarily attributed to favourable government initiatives supporting the growth of the photonics and semiconductor sectors in the area, thereby propelling market expansion. In September 2022, the Indian government provided financial support equivalent to 50% of capital expenditure (CAPEX) for enterprises establishing manufacturing facilities for semiconductors, displays, and silicon photonics in the region. Such supportive government measures are expected to expedite the growth of the optical waveguide market throughout the forecasted period.

There are several companies in this market. OpenLight (US) unveiled an 800G DR8 photonic integrated circuit (PIC) in December 2022, specifically designed for data center interconnect (DCI) applications. The newly developed PIC has undergone extensive validation for its suitability in transceivers intended for DCI applications. These technological advancements are expected to contribute to the accelerated growth of the optical waveguide market.

The market analytics report segments the healthcare education market on the following basis:

• By Type

o Planar Waveguide
o Channel Waveguide

• By Material

o Glass
o Polymer
o Semiconductor

• By Interconnect Level

o Metro and Long-haul Optical Interconnect
o Board-to-board and Rack-level Optical Interconnect
o Chip and Board-level Optical Interconnect

• By Industry Vertical

o Telecommunication
o Medical
o Metrology
o Aerospace & Defense
o Consumer Electronics
o Industrial
o Others

• By Geography

o North America

• United States
• Canada
• Mexico

o South America

• Brazil
• Argentina
• Others

o Europe

• United Kingdom
• Germany
• France
• Spain
• Others

o Middle East and Africa

• Saudi Arabia
• UAE
• Israel
• Others

o Asia Pacific

• China
• Japan
• India
• South Korea
• Indonesia
• Thailand
• Others

Companies Profiled:

• Waveguide Optical Technologies
• Wave Optics Ltd
• LUMUS
• Optinvent
• HFCL
• Sumitomo Bakelite Co., Ltd.
• OFS Fitel, LLC
• Corning Incorporated
• MicroVacuum Ltd.
• SAB Bröckskes GmbH & Co.
• Sumitomo Electric Industries, Ltd.
• Synopsys, Inc.
• Waveguide Communications, Inc.

Explore More Reports:

• Global Optical Transport Network Market: https://www.knowledge-sourcing.com/report/global-optical-transport-network-market

• Optical Waveguide Market: https://www.knowledge-sourcing.com/report/optical-waveguide-market

• Optical Fiber Amplifier Market: https://www.knowledge-sourcing.com/report/optical-fiber-amplifier-market

Ankit Mishra
Knowledge Sourcing Intelligence LLP
+1 850-250-1698
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