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.
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.
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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.
Global Optical Waveguide Market COVID-19 Analysis
The report offers an extensive analysis of the factors that are likely to influence the growth of the industry. The research study considers the COVID-19 pandemic a key growth influencing factor. The pandemic has negatively impacted the Optical Waveguide industry through disruptions in global supply chains and grueling economic conditions. The report extensively analyzes the impact of the pandemic on the Optical Waveguide market on a global as well as regional scale. To be updated, the report is furnished with the latest impact of the currently unfolding coronavirus pandemic on the Optical Waveguide industry. The pandemic began in late 2019 and hit the world in early 2020, disrupting the normal lives and affecting every segment of the world. The report covers the impact of the pandemic on the Optical Waveguide market and its key segment. The report also offers an initial and future assessment of the impact of the pandemic on the Optical Waveguide market and offers revenue estimations in a post-COVID-19 scenario.
Revenue and cost profit analysis of major player dominating the Optical Waveguide market
The report also takes into consideration the effect of the different restrictions imposed in different regions on the Optical Waveguide industry and its key segments. It also offers a current and future impact analysis of the pandemic on the overall Optical Waveguide market.
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.
The growing internet penetration of IT industry is fueling the optical waveguide market in North America, and it is anticipated to achieve a significant market share. The rising demand of the telecommunication industry and growing demand for more data among consumers with a steady network is fueling the Asia Pacific market. The Asia Pacific region is forecasted to grow with the fastest CAGR of 7.2% in the anticipated period.
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.
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The segmentation of the market is done on the basis of product types, application spectrum, and the key regions of the Optical Waveguide market. Along with this, the report also provides extensive coverage of the key companies and their strategic schemes to gain a substantial market position.
- Type Outlook (Revenue, USD Billion; 2017-2027)
- End-Use Outlook (Revenue, USD Billion; 2017-2027)
- Oil and Gas
- Telecom and IT
- Propagation Outlook (Revenue, USD Billion; 2017-2027)
- Application Outlook (Revenue, USD Billion; 2017-2027)
- Medical Equipment
- Inspection Devices
- High-Performance Computing (HPC)
- Automobiles and Aircraft
- Ultra HDTV
- Connectivity Outlook (Revenue, USD Billion; 2017-2027)
- On-Chip Interconnection
- On-Board Interconnection
- Material Outlook (Revenue, USD Billion; 2017-2027)
- Refractive Index Outlook (Revenue, USD Billion; 2017-2027)
The report offers a comprehensive overview of the global Optical Waveguide market scenario pertaining to market value, volume, production and consumption rates, and market segmentation based on types, regions, and applications.
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Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Saudi Arabia
- Rest of MEA
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Key Questions Addressed in the Report:
- Who are the leading players of the Optical Waveguide industry?
- Which region is expected to dominate the market in the coming years?
- What are the key applications of the Optical Waveguide market?
- Which segment is expected to garner traction during the coming years?
- Report Overview
1.1 Research Scope
1.2 Key Optical Waveguide market segments
1.3 Target players
1.4 Market analysis by type
1.5 Market analysis by application
1.6 Key learning objectives
1.7 Report timeline
- Global Growth Trends
2.1 Global Optical Waveguide market size
2.2 Latest trends of the Optical Waveguide market by region
2.3 Key corporate trends
At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.
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