High Refractive Index Wafer for AR/MR Waveguide Market Revenue Share, Insights & Future Outlook

What is Driving the Growth of the Global High Refractive Index Wafer Market?

The global High Refractive Index Wafer for AR/MR Waveguide market was valued at US$ 282 million in 2024 and is projected to reach US$ 445 million by 2031, growing at a CAGR of 5.3% during the forecast period.

In terms of sales volume, the market is expected to increase from 4,630.8 k Pcs in 2024 to 7,033.1 k Pcs by 2031, at a CAGR of 5.34%. The growth is driven by the rising adoption of augmented reality (AR) and mixed reality (MR) devices, which require high-performance wafers for waveguide applications.

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Which Regions Are Leading the High Refractive Index Wafer Market?

The market is concentrated in Japan, United States, and Europe, with the top players accounting for over 80% market share in 2024. The region-wise adoption is fueled by technological advancements in AR/MR devices and investment in optical materials manufacturing.

Who Are the Major Players Shaping the High Refractive Index Wafer Market?

• Hoya: Manufactures high-refractive-index glass wafers for AR/MR waveguide applications with precision and quality control.
• Corning: Provides advanced glass wafer solutions used in augmented and mixed reality optical systems.
• Schott: Specializes in high-performance optical materials and wafers for waveguide technologies.
• AGC: Develops innovative glass wafers for AR/MR devices focusing on refractive precision and durability.
• Nippon Electric Glass (NEG): Offers high-refractive-index glass wafers for optical waveguide applications in AR/MR devices.
• Mitsui Chemicals: Supplies polymer and composite wafers for AR/MR waveguide systems.
• Hubei New Huaguang Information Materials: Produces silicon carbide (SiC) and polymer wafers for AR/MR optical applications.

Segment by Type:
• Glass Wafer
• Polymer Wafer
• Silicon Carbide (SiC) Wafer

Segment by Application:
• 300mm (12 inch)
• 200mm (8 inch)
• 150mm (6 inch)

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This release was published on openPR.