The Europe Optical Waveguide Market should witness market growth of 6.7% CAGR during the forecast period (2023-2029).
The market for optical waveguides is being driven by high-end investments in the telecommunications sector as well as an increase in demand for IoT devices, better internet connectivity, and a rise in the number of subscribers. Other factors supporting the market's growth include the need for high bandwidth, the generation of bulk data by the abundance of data centers developed, and the rise in internet traffic data congestion.
The development of video technology and the growing demand for broader bandwidth and higher-quality video streaming are propelling the market for waveguide optical goods. In addition, the optical waveguide market is expanding due to increased demand for home and communication equipment due to rising living standards. The deployment of LTE-Advanced technology and the rollout of 5G technology will continue to advance the market's growth.
The size-viewing angle paradox of AR devices is resolved by AR Optical Waveguide, which also significantly reduces lens thickness. While maintaining good performance characteristics such as a wide field of view, high resolution, high light transmittance, and a broad eye movement range, the AR optical waveguide can be compacted to less than 3mm thick.
The United Kingdom is home to many headquarters and subsidiaries of multinational corporations, including some of the United States' most prominent medical technology firms. In addition, the region's demand for wearable skin adhesives, such as monitoring devices, health analytical devices, and clinical efficiency tools, is expanding. As a result of the increasing demand for wearable devices and the healthcare industry's favorable attitude toward adopting the most recent technologies, the demand for the miniaturization of electronic devices will grow. This will potentially boost the growth prospects for the regional optical waveguide market.
The Germany market dominated the Europe Optical Waveguide Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $614.1 million by 2029. The UK market is anticipated to grow at a CAGR of 5.8% during (2023-2029). Additionally, The France market would exhibit a CAGR of 7.5% during (2023-2029).
Based on Type, the market is segmented into Channel Waveguide and Planar Waveguide. Based on Interconnect Level, the market is segmented into Board-to-board & Rack-level Optical Interconnect, Chip- & Board-level Optical Interconnect and Metro & Long-haul Optical Interconnect. Based on Material, the market is segmented into Glass, Polymer and Semiconductor. Based on Propagation, the market is segmented into Single-mode and Multi-mode. Based on Industry, the market is segmented into Telecommunication, Data Center & High-Performance Computing (HPC), Industrial & Metrology, Medical, Aerospace & Defense, Consumer Electronics and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Corning Incorporated, Sumitomo Electric Industries, Ltd., Yangtze Optical Fibre and Cable Joint Stock Limited Company, Fujikura Ltd., Prysmian Group, Furukawa Electric Co., Ltd., CommScope Holding Company, Inc., Sterlite Technologies Limited, Coherent Corp. and DigiLens Inc.
The market for optical waveguides is being driven by high-end investments in the telecommunications sector as well as an increase in demand for IoT devices, better internet connectivity, and a rise in the number of subscribers. Other factors supporting the market's growth include the need for high bandwidth, the generation of bulk data by the abundance of data centers developed, and the rise in internet traffic data congestion.
The development of video technology and the growing demand for broader bandwidth and higher-quality video streaming are propelling the market for waveguide optical goods. In addition, the optical waveguide market is expanding due to increased demand for home and communication equipment due to rising living standards. The deployment of LTE-Advanced technology and the rollout of 5G technology will continue to advance the market's growth.
The size-viewing angle paradox of AR devices is resolved by AR Optical Waveguide, which also significantly reduces lens thickness. While maintaining good performance characteristics such as a wide field of view, high resolution, high light transmittance, and a broad eye movement range, the AR optical waveguide can be compacted to less than 3mm thick.
The United Kingdom is home to many headquarters and subsidiaries of multinational corporations, including some of the United States' most prominent medical technology firms. In addition, the region's demand for wearable skin adhesives, such as monitoring devices, health analytical devices, and clinical efficiency tools, is expanding. As a result of the increasing demand for wearable devices and the healthcare industry's favorable attitude toward adopting the most recent technologies, the demand for the miniaturization of electronic devices will grow. This will potentially boost the growth prospects for the regional optical waveguide market.
The Germany market dominated the Europe Optical Waveguide Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $614.1 million by 2029. The UK market is anticipated to grow at a CAGR of 5.8% during (2023-2029). Additionally, The France market would exhibit a CAGR of 7.5% during (2023-2029).
Based on Type, the market is segmented into Channel Waveguide and Planar Waveguide. Based on Interconnect Level, the market is segmented into Board-to-board & Rack-level Optical Interconnect, Chip- & Board-level Optical Interconnect and Metro & Long-haul Optical Interconnect. Based on Material, the market is segmented into Glass, Polymer and Semiconductor. Based on Propagation, the market is segmented into Single-mode and Multi-mode. Based on Industry, the market is segmented into Telecommunication, Data Center & High-Performance Computing (HPC), Industrial & Metrology, Medical, Aerospace & Defense, Consumer Electronics and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Corning Incorporated, Sumitomo Electric Industries, Ltd., Yangtze Optical Fibre and Cable Joint Stock Limited Company, Fujikura Ltd., Prysmian Group, Furukawa Electric Co., Ltd., CommScope Holding Company, Inc., Sterlite Technologies Limited, Coherent Corp. and DigiLens Inc.
Scope of the Study
By Type
- Channel Waveguide
- Planar Waveguide
By Interconnect Level
- Board-to-board & Rack-level Optical Interconnect
- Chip- & Board-level Optical Interconnect
- Metro & Long-haul Optical Interconnect
By Material
- Glass
- Polymer
- Semiconductor
By Propagation
- Single mode
- Multi-mode
By Industry
- Telecommunication
- Data Center & High-Performance Computing (HPC)
- Industrial & Metrology
- Medical
- Aerospace & Defense
- Consumer Electronics
- Others
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Corning Incorporated
- Sumitomo Electric Industries, Ltd.
- Yangtze Optical Fibre and Cable Joint Stock Limited Company
- Fujikura Ltd.
- Prysmian Group
- Furukawa Electric Co., Ltd.
- CommScope Holding Company, Inc.
- Sterlite Technologies Limited
- Coherent Corp.
- DigiLens Inc.
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Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 4. Europe Optical Waveguide Market by Type
Chapter 5. Europe Optical Waveguide Market by Interconnect Level
Chapter 6. Europe Optical Waveguide Market by Material
Chapter 7. Europe Optical Waveguide Market by Propagation
Chapter 8. Europe Optical Waveguide Market by Industry
Chapter 9. Europe Optical Waveguide Market by Country
Chapter 10. Company Profiles
Companies Mentioned
- Corning Incorporated
- Sumitomo Electric Industries, Ltd.
- Yangtze Optical Fibre and Cable Joint Stock Limited Company
- Fujikura Ltd.
- Prysmian Group
- Furukawa Electric Co., Ltd.
- CommScope Holding Company, Inc.
- Sterlite Technologies Limited
- Coherent Corp.
- DigiLens Inc.
Methodology
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