Vancouver, British Columbia, Jan. 27, 2021 (GLOBE NEWSWIRE) -- The global Optical Waveguide Market is forecasted to reach USD 13.70 Billion by 2027; and register a significant revenue CAGR, according to latest analysis by Emergen Research. Increasing internet penetration across the world is expected to drive the global optical waveguide market growth during the forecast period. Besides, growing electronic devices' usage is expected to propel the global optical waveguide market growth during the forecast period. Increasing amount of data generated by data centers and data traffic rate are expected to further boost the global optical waveguide market growth over the forecast period.
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However, the lack of technological advancement to address patterning challenges of optical waveguides for sensing applications is expected to hamper the global optical waveguide market growth during the forecast period.
Key Highlights From The Report
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Emergen Research has segmented the global optical waveguide market based on type, application, propagation mode, material, connectivity, refractive index, end-use, and region:
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