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Optical Waveguide Market Size, Share, Growth, Trends,Forecast 2027 An optical waveguide refers to a physical form that helps in the guidance of electromagnetic waves in the optical spectrum . Some of the common forms of optical waveguides comprise products like optical fiber, transparent dielectric waveguides that are made of glass and plastic. The global optical waveguide market is expected to be influenced by phenomenal rise in the use of electronic devices.