Global Optical Waveguide Display Market – Industry Trends and Forecast to 2029

Global Optical Waveguide Display Market, By Type (Channel Waveguide and Planar Waveguide), Material Type (Electro-Optic Waveguides, Silicon Waveguides, Semiconductor Waveguides, Glass Waveguides, Polymers Waveguides, and Others), Fabrication Process (Lithography Method, Microreplication Method, and Photo-Address Method), Optical Interconnection (Board-To-Board Optical Interconnection, Optical Backplane, On-Chip Optical Interconnection, Interboard, Chip-To-Chip Optical Interconnection, and Others), Application (Inspection Devices, High-Performance Server, Printers, Aircraft and Automobiles, Tablet PC, Super High Vision, Medical Equipment, Computing, Router, and Others) – Industry Trends and Forecast to 2029

Market Analysis and Size

Augmented reality (AR) portable and wearable devices have emerged as one of the greatest technology in past few years. Optical waveguide technology has the best potential to enable the consumer-grade AR glasses owing to its appearance, mass production capability and optical performance. It is being considered an unparalleled choice for consumer-grade AR glasses.

Global Optical Waveguide Display Market was valued at USD 10.72 billion in 2021 and is expected to reach USD 28.30 billion by 2029, registering a CAGR of 12.90% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Market Definition

Waveguides are translucent, tiny (approximately 1 mm thick per plate) optical components that take a projected virtual picture and transfer it to the eye while simultaneously widening the exit pupil (viewing window). A physical shape that aids in the guidance of electromagnetic waves in the optical spectrum is referred to as an optical waveguide. Products such as optical fibre and transparent dielectric waveguides composed of glass and plastic are examples of common optical waveguides.

Report Scope and Market Segmentation

Optical Waveguide Display Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• Adoption of electronic devices

The growing adoption of electronic devices, data traffic paired with data centre management of considerable amounts of data generated, and high-speed cloud computing are the major factors driving the growth of the market.

• Application of high-speed cloud computing

Data centres' increasing adoption of high-speed cloud computing is likely to boost demand for optical waveguides in the market. The heightened scale of data traffic onward with the immense volume of data that is staying created by the IT hubs, and the high-speed cloud computing systems are arbitrarily heightening the increment of the business.

• Miniaturization of electronic devices

Manufacturing of smaller mechanical, optical, and electronic items and gadgets is known as miniaturisation. Miniaturization of mobile phones and computers, as well as car engine downsizing, are examples of miniaturised electronics which further influences the market.

Opportunities

Furthermore, growing internet connectivity, rise in the demand for bandwidth and decrease in the power consumption extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, surge in investments by key players will further expand the market.

Restraints/Challenges

On the other hand, increased installation cost optical waveguide for data communication areas such as data centres are expected to obstruct market growth. Also, sluggish introduction of several optical waveguide related technologies is projected to challenge the optical waveguide display market in the forecast period of 2022-2029.

This optical waveguide display market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on optical waveguide display market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Optical Waveguide Display Market

The COVID-19 has impacted optical waveguide display market. This has created a positive impact in the market because of growing adoption of electronic devices, data traffic paired with data centre management of considerable amounts of data generated, and high-speed cloud computing. moreover, due to the lockdown and restrictions there has been a need for optical waveguides is increasing due to the increasing pace of data among users and the requirement for a stable internet connection.

Recent Developments

• In December 2019, DigiLens Inc., a leader in holographic waveguide display technology for augmented reality, has announced its expansion into China with the addition of Crystal Optech as its first Chinese licensee and Country Manager Xiaoshu Lin. DigiLens Crystal waveguides will be able to expand their market presence as a result of this relationship.

Global Optical Waveguide Display Market Scope and Market Size

The optical waveguide display market is segmented on the basis of type, material type, fabrication process, optical interconnection and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Channel Waveguide
• Planar Waveguide

Material Type

• Electro-Optic Waveguides
• Silicon Waveguides
• Semiconductor Waveguides
• Glass Waveguides
• Polymers Waveguides
• Others

Fabrication Process

• Lithography Method
• Microreplication Method
• Photo-Address Method

Optical Interconnection

• Board-To-Board Optical Interconnection
• Optical Backplane
• On-Chip Optical Interconnection
• Interboard
• Chip-To-Chip Optical Interconnection
• Others

Application

• Inspection Devices
• High-Performance Server
• Printers
• Aircraft and Automobiles
• Tablet PC
• Super High Vision
• Medical Equipment
• Computing
• Router
• Others

Optical Waveguide Display Market Regional Analysis/Insights

The optical waveguide display market is analyzed and market size insights and trends are provided by country, type, material type, fabrication process, optical interconnection and application as referenced above.

The countries covered in the optical waveguide display market report are U.S., Canada, and Mexico in North America, Brazil, Argentina, and the rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific (APAC)  in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, rest of the Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA).

North America dominates the optical waveguide display market because of the increased internet penetration and the occurrence of key players in the field of the internet including Google, and Facebook within the region.

Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 because of the rise in the telecommunication capital in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Optical Waveguide Display Market Share Analysis

The optical waveguide display market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to optical waveguide display market.

Some of the major players operating in the optical waveguide display market are

• Waveguide Optical Technologies. (US)
• HFCL Limited (India)
• LEONI AG (Germany)
• Fujikura Ltd. (Japan)
• Corning Incorporated (US)
• Sterlite Technologies Limited. (India)
• FURUKAWA ELECTRIC CO., LTD. (Japan)
• Prysmian Group (Italy)
• Finisar Corporation (US)
• Sumitomo Electric Industries, Ltd. (US)