Waveguide Optical Products Market to grow at a Steady Rate During the Forecast Period
High-internet traffic
congestion and surge in demand for higher bandwidth is expected to drive the global
waveguide optical products market through 2026
According
to TechSci Research report, “Optical
Waveguide Product Market - Global Industry Size, Share, Trends,
Competition, Opportunity and Forecast, 2016-2026”, the global waveguide optical products market is expected
to grow at steady rate during the forecast period. High-end investments and
rise in demand of the telecommunication industry due to increase in subscriber
base, enhanced internet connectivity and surge in demand of IoT devices is
driving the global waveguide optical products market. High bandwidth
requirements, bulk data generation by plethora of data centers established
around the globe and increase in internet traffic data congestion are the other
factors influencing the global waveguide optical products market growth.
However, technological advancements implementation
sluggishness and high cost for installation of data centers may hinder the
market growth in the coming next five years.
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Global optical waveguide product market is segmented based on type,
material type, fabrication process, optical interconnection, application, and
region. Based on type market is divided into planar waveguide and channel
waveguide. Planar segment is to register highest growth in terms of revenue due
to increase in use of sensing applications. In terms of application, market is
bifurcate into IT & telecommunication, defense, BFSI, oil & gas, industrial,
medical and others. Medical segment is to witness highest growth due to the
rising demand in health monitoring, diagnosis, and therapy. Based on optical
interconnection market is categorized by board-to-board optical
interconnection, optical backplane, on-chip optical interconnection,
interboard, chip-to-chip optical interconnection, and others. On-chip
interconnection will play a major role to drive the global waveguide optical
products market based on high carrier frequency, less power consumption and
attenuation. According to regional analysis, North America is leading the
global waveguide product market due to presence of key players in the region
and huge investments in the telecom industry. Europe and Asia-pacific is also
expected to register significant growth during the forecast period depending on
the government initiatives, rising consumer awareness and higher internet
penetration.
Waveguide Optical
Technologies LLC, Himachal Futuristic Communications Ltd., Leoni, Fiber Optics
GmbH, Yangtze Optical Fiber and Cable Co. Ltd., Fujikura Limited, Sumitomo
Bakelite Co., Ltd., DigiLens, Inc., Corning Incorporated, Prysmian S.p.A.,
Sterlite Technologies Limited and others are some of the leading players
operating in global waveguide optical products market. Companies operating in
the market are using strategies such as joint ventures, product launches, mergers,
and research collaborations to boost their share and increase their geographic
reach.
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“Emerging of the video technology and the
rising need for higher quality video streaming and wider bandwidth is driving
the growth of the global waveguide optical products market. Demand for
communication and residential appliances owing to higher living standards is
propelling the global waveguide product market growth. Long-term evolution and
LTE-Advanced technology implementation in addition of roll-out of 5G technology
will further boost the market growth till 2026 ” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based Global
management consulting firm.
“Optical Waveguide Product Market - Global Industry
Size, Share, Trends, Competition, Opportunity and Forecast, 2016-2026 Segmented By Type
(Planar Waveguide, Channel Waveguide), By Material Type (Semiconductor
Waveguides, Electro-optic Waveguides, Glass Waveguides, Silicon Waveguides,
Polymers Waveguides, Others), By Fabrication Process (Lithography Method,
Microreplication Method, and Photo-Address Method), By Optical Interconnection
(Board-To-Board Optical Interconnection, Optical Backplane, On-Chip Optical
Interconnection, Interboard, Chip-To-Chip Optical Interconnection, and Others),
By Application (IT & Telecommunication, Defense, BFSI, Oil & Gas,
Industrial, Medical, Others), By Region”, has evaluated the future growth potential of global waveguide
optical products market and provides statistics & information on market
size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in global waveguide
optical products market.
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