Optical Waveguide Market Size & Share, by Type (Channel, Planar); Propagation (Single-Mode, Multi-Mode); Material (Glass, Semiconductor, Polymer, Silicon); Application (Inspection Devices, Tablet PC, Aircraft & Automotive, Medical Equipment, Printers, High-Performance Server, Super High Vision) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 5067
  • Published Date: Jun 24, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2035

Optical Waveguide Market size is estimated to surpass USD 12 Billion by the end of 2035, witnessing around 5% CAGR during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of optical waveguide was over USD 7 Billion. The growing number of data centers is the major factor driving the market growth. There are approximately 8,000 data centers around the globe. Moreover, nearly 33% of these data centers are situated in the United States. Optical waveguides are used to transmit data signals in the form of light pulses. These cables consist of a core surrounded by a cladding layer, which guides the light through total internal reflection.

Besides this, the surging use of electronic devices has increased the usage of optical waveguides. Smartphones are the most popular of the several sorts of mobile phones. They are held by 96.6% of the customers all across the world. The proliferation of electronic devices, such as smartphones, tablets, laptops, and IoT devices has led to huge transmissions of data. Optical waveguides enable efficient transmission of large volumes of data.

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Optical Waveguide Market: Key Insights

Base Year


Forecast Year




Base Year Market Size (2022)

~ USD 7 Billion

Forecast Year Market Size (2035)

~ USD 12 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Optical Waveguide Sector: Growth Drivers and Challenges


Growth Drivers

  • Rising Advancement in Photonic Integrated Circuits– For instance, OpenLight unveiled the release of their first 800G DR8 PIC design for the interconnection of data centers. Tower Semiconductor's open silicon photonics foundry platform with embedded lasers was used by OpenLight to create and test these wafers. Photonic integrated circuits allow the integration of various optical components, such as lasers, modulators, detectors, and waveguides. The advancement of PICs will bring new opportunities for the optical waveguide market.
  • Increasing Need for High Bandwidth– Bandwidth consumption around the world frequently climbs by around 50% every year. At present, the typical home in around the globe receives 5 to 10 Mbps of bandwidth. Nevertheless, it is expected to increase to 40 Mbps in the next five years and to almost triple to 300 Mbps in the following ten years. Optical waveguides, in the form of fiber optical cables, are the backbone of high-bandwidth communication networks.
  • Growing Investment in Augmented and Mixed Reality (AR/MR)– In 2022, about $1.9 billion in venture capital investments have been invested in firms in the virtual and augmented reality software and hardware industry. Moreover, IDC reports suggest that around USD 4 billion are expected to be rolled out for training implementation of AR and MR all across the world. The growing production of AR/MR technology is boosting the demand for optical waveguides since they are crucial for creating compact and lightweight AR displays. Moreover, waveguides can be integrated into eyewear or headsets.


  • The Cost of Optical Waveguide Used in AR is High – The cost of materials, fabrication processes, and equipment required for production can limit their widespread adoption. Lowering the cost of optical waveguide manufacturing while maintaining high quality and performance is a crucial challenge for market growth
  • Lack of Standardized Designs and Manufacturing Processes
  • Complexity Associated with the Integration of Waveguides and Advanced technologies

Optical Waveguide Segmentation

Type (Channel, Planar)

The channel segment is expected to hold 60% share of the global optical waveguide market during the forecasted period. The growing adoption of the bi-lateral transverse optical confident property enables the delivery of both high bandwidth and high speed. Moreover, there are various components of a channel waveguide, such as active optical cables, fiber cables, optical fibers, and others. These components can be customized as per the need. On the other hand, the growing use of Fiber to the Building (FTTB) or Fiber to the Home (FTTH)is likely to drive the segment’s growth.

Propagation (Single-Mode, Multi-Mode)

In the year 2035, the single-mode segment in the optical waveguide market is predicted to have a considerable share of roughly 46%. The growing development of 5g infrastructure and higher use of 5G services and next generation wireless network will drive the demand for single-mode propagation of optical waveguides. Single mode is of much more compact size than multiple mode which is of around 9 micron-unit. Moreover, they enable us to carry high-speed signals over much longer distances in comparison to multi-mode. From the end of 2021 to the end of 2022, global 5G wireless connections climbed by 76%, reaching 1.05 billion. By 2025, 5G networks will be projected to cover one-third of the world's population.

Our in-depth analysis of the global market includes the following segments:


  • Channel
  • Planar


  • Single-Mode
  • Multi-Mode


  • Glass
  • Semiconductor
  • Polymer
  • Silicon


  • Inspection Devices
  • Tablet PC
  • Aircraft & Automotive
  • Medical Equipment
  • Printers
  • High-Performance Server
  • Super High Vision

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Optical Waveguide Industry- Regional Synopsis

North American Market Forecast

The optical waveguide market in North America is projected to be approximately 35% by the end of 2035, compared to the market share in all other regions.  Moreover, in 2022 the region was responsible for around 28% of the market share.  The growing deployment of fiber networks is followed by higher investment put in by the government to increase the accessibility of the broadband network. The US government has committed over USD 170 billion to improve broadband service in rural and suburban areas of the country.  Furthermore, the expenditure has been doubled in order to double the fiber network by 2027. Furthermore, the growing penetration of the internet in the region and the presence of key players, such as Facebook and Google are anticipated to augment the market growth in North America. The United States is one of the world's largest online markets. In 2023, about 92 percent of Americans in the United States have a connection to the internet, compared to roughly 75 percent in 2012.

APAC Market Statistics

The Asia Pacific optical waveguide market anticipates to be the second largest, accounting for around 28% of the market by the conclusion of 2035.  The growth of the market in the region can be attributed majorly to rising investment to boost the production of semiconductors and photonics. Beijing is putting together a USD 146 billion) incentive package to boost the global competitiveness of its domestic semiconductor industry. Moreover, the Chinese government has provided around 140 billion to the semiconductor industry under the Integrated circuit investment fund.

Research Nester
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Companies Dominating the Optical Waveguide Landscape

    • Corning Incorporated
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Penn Engineering
    • Jupiter Microwave Components Inc.
    • Quantic Electronics
    • Cobham Advanced Electronic Solutions
    • Ducommun Incorporated
    • Smiths Interconnect
    • DigiLens, Inc.
    • Global Invacom Group
    • Flann Microwave Ltd. 


In The News

  • DigiLens Inc. announced the launch of the next generation of its optical technology, that enables the production of smart glass consumer electronics category. The full-color Crystal30 2nd generation waveguide is constructed with DigiLens' volume bragg gratings (VBG) technology.
  •  Corning Incorporated has announced the release of a novel glass composition to aid in the development of diffractive waveguides for augmented and mixed reality (AR/MR) wearable devices.The glass's optical advances take the augmented reality experience to an entirely new dimension by providing interesting and interactive user experiences.

Author Credits:  Abhishek Verma, Hetal Singh

  • Report ID: 5067
  • Published Date: Jun 24, 2023
  • Report Format: PDF, PPT

Key Questions Answered in the Report

1) What are the major factors driving the growth of the optical waveguide market?

Ans: The rising proliferation of 5G network, the rise in the number of data centers, and the technological advancement of PICs are the major factors driving the market growth.

2) What would be the CAGR of the optical waveguide market over the forecast period?

Ans: The market size of optical waveguide is anticipated to attain a CAGR of approximately 5% over the forecast period, i.e., 2023 – 2035.

3) What are the various types of waveguides?

Ans: Step index and graded index are the two main types of optical waveguides.

4) Who are the major players dominating the optical waveguide market?

Ans: The major players in the market are Penn Engineering, Jupiter Microwave Components Inc, Quantic Electronics, Cobham Advanced Electronic Solutions, Ducommun Incorporated, Smith’s Interconnect, DigiLens, Inc., Global Invacom, Flann Microwave Ltd., and Corning Incorporated.

5) Which segment captures the largest market size in the type segment in the optical waveguide market?

Ans: The channel segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

6) What makes optical waveguide so important?

Ans: It is crucial for propagating the electromagnetic signal to support all types of transmission modes.

7) What is the application of rectangular and circular optical waveguide?

Ans: Rectangular and circular waveguides are frequently used to connect parabolic dish signals to their electronics, which can be low-noise receivers or power amplifiers.

8) Which region will provide more business opportunities for the growth of the optical waveguide market in the future?

Ans: The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

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