The global optical waveguide market size is expected to reach USD 11,434.98 million by 2032, according to a new study by Polaris Market Research. The report “Optical Waveguide Market Share, Size, Trends, Industry Analysis Report, By Type (Planar Waveguide, Channel Waveguide); By Material; By Propagation; By Refractive Index; By Interconnect Level; By End-user; By Region; Segment Forecast, 2023-2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Optical waveguides have been widely employed in communication, illumination, and sensing. They have recently drawn more interest in biological applications. In July 2022, researchers at the Vrije Universiteit Amsterdam created an optical fiber micro-endoscope to study the effects of neurological illnesses like Alzheimer's. An acupuncture needle may readily accommodate the ultra-thin multi-mode fiber optic-based micro-endoscope, which enables real-time imaging of deep tissues.
Waveguides are the main technology that has made augmented visualization possible in AR/MR. As new technologies are introduced, the market for AR is expanding. For instance, in January 2023, VividQ & Dispelix announced that they are working on a new technology in AR that can display objects with a variable depth of field. This could enhance gaming with transparent augmented reality glasses. The company's "3D Waveguide Combiner" and software produce convincing augmented reality by fusing natural and artificial light.
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Due to their large bandwidth and long-distance capabilities, optical waveguides, especially single-mode waveguides, are ideally suited for telecommunications applications. Additionally, technological advancements in optical waveguide technology have improved the performance and reliability of optical waveguides. This is fueling market expansion. For instance, in January 2023, researchers at the University of Bath, UK, fabricated a novel fiber type to increase network resilience. Using topological mathematics, the team has created optical fibers that can shield light. The structure of each changed fiber may be maintained for hundreds of kilometers, which is the best part about these modified fibers.
Optical Waveguide Market Report Highlights
Polaris Market Research has segmented the Optical Waveguide Market report based on type, material, propagation, refractive index, interconnect level, end-user and region:
Optical Waveguide Market, Type Outlook (Revenue - USD Million, 2019 - 2032)
Optical Waveguide Market, Material Outlook (Revenue - USD Million, 2019 - 2032)
Optical Waveguide Market, Propagation Outlook (Revenue - USD Million, 2019 - 2032)
Optical Waveguide Market, Refractive Index Outlook (Revenue - USD Million, 2019 - 2032)
Optical Waveguide Market, Interconnect Level Outlook (Revenue - USD Million, 2019 - 2032)
Optical Waveguide Market, End-user Outlook (Revenue - USD Million, 2019 - 2032)
Optical Waveguide Market, Regional Outlook (Revenue - USD Million, 2019 - 2032)