Optical Waveguide Industry - Regional Synopsis
APAC Market Forecasts
Asia Pacific industry is predicted to dominate majority revenue share of 39% by 2037. In order to support the expansion of broadband and mobile networks, many Asian countries are experiencing rapid growth in their telecommunications infrastructure, and optical waveguides play an important role in providing high-speed data transmission. Several Asian countries are increasingly investing in smart city initiatives, which support the need to provide a sufficient level of bandwidth and reliability for different applications like Smart Traffic Management and Public Services by supporting the use of photonic waveguides. Singapore the country investing heavily in smart city initiatives expected to offer funds worth USD 2 billion for smart initiatives by 2020.
North American Market Statistics
The optical waveguide market in the North America region is anticipated to cross 30% share by the end of 2037. The use of optic waveguides in the telecommunications sector is being driven by a growing volume of data traffic, as well as demand for faster and more reliable networks. Data centers are relying on optical waveguides to move large amounts of data rapidly and effectively in support of the demand for High-Performance computing, as storage and processing demands grow exponentially. Sufficient and powerful communication infrastructure is required for the deployment of 5G networks. In support of the data transfer speed and lowest latency requirements for 5G technologies, optical waveguides play an essential role. By 2028, there are expected to be almost 406 million 5G subscriptions in North America. North America had 166 million 5G subscriptions at the end of 2022.
