Optical Waveguide Market Trends

Growth Drivers

• Demand for Green and Sustainable Technologies - The growing focus on Green and Sustainable Technologies is reflected in the use of photonic waveguides, which have been known to be energy efficient. Optical waveguides transmit data by means of light, which use less energy than conventional copper-based communication systems that require electricity for transmitting signals. The overall sustainability and reduction of energy consumption goals are aligned with these energy efficiency characteristics.
• Rising Demand for Fiber to the Home - Increased interest in FTTH deployment is due to the demand for high-speed broadband in residential areas. To provide direct home broadband services, the waveguides needed to be primarily fiber optic. A number of factors, that increase demand for FTTx and thereby accelerate the need for optical waveguides, are listed below. Demand for FTTH is driven by the growing need for high-speed internet services as a result of increasing data consumption and streaming.

Challenges

• High Cost of Production - It may be costly to produce advanced optical waveguides, which may prevent widespread adoption, in particular for small-scale applications. For the manufacture of optical waveguides which are more costly than others, quality materials like glasses and polymers with special optical properties are often applied.
• Integration complexities associated are anticipated to hamper the Optical Waveguide Market expansion in the upcoming period
• Issues associated with the design and fabrication of optical waveguide is set to hamper the market growth in the forecast period