Optical Waveguide Market Size

Optical Waveguide Market size was over USD 7.11 billion in 2024 and is poised to exceed USD 17.56 billion by 2037, growing at over 7.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of tris nonylphenyl phosphite is evaluated at USD 7.52 billion. The need for strong and effective communication systems is increasing, due to the growing acceptance of autonomous driving technology. In meeting the communication needs of autonomous vehicles, which contribute to overall developments and adoption of autonomous driving technologies like light detection and range systems and higher data transmission rates, photonic waveguides with their unique characteristics and abilities have a key role. By 2040, 70% of new cars will be fitted with some form of automation, and by 2045 60% will be fully autonomous. A 90% reduction in traffic emissions and an increase in fuel efficiency between 10% and 20% can also be achieved by self driving technology.

The adoption of optical waveguides is driven by the increasing demand for high-speed data transmission in telecommunications and data centers, as they have inherent advantages in data transmission, such as greater data capacity, high speed, low latency, long-distance transmission, and more. As these technologies and trends drive the need for communication infrastructure able to cope effectively with increasing data traffic, this is having a significant impact on the demand for optic waveguides.