Market Overview:
The global photonics market is expected to grow from USD XX billion in 2018 to USD XX billion by 2030, at a CAGR of X.X%. The growth of the market can be attributed to the increasing demand for consumer electronics, displays, safety & defense technology, communication, metrology, sensing and medical & healthcare applications. However, the high cost of optical components may restrain the growth of this market during the forecast period. On the basis of type, lasers are expected to hold a major share in the global photonics market during 2018-2030. Lasers are used in various applications such as material processing (cutting and welding), medical treatments (laser surgery), communications (optical fiber transmission) and measurement (spectroscopy). Waveguides are also projected to witness significant growth during 2018-2030 due their use in various optical devices such as lasers and photo detectors. On account of growing demand from end-use industries such as consumer electronics and displays among others; Asia Pacific is estimated to be one of fastest growing regions for photonics Market over next 10 years .
Product Definition:
Photonics is a branch of physics that deals with the emission, transmission, modulation and detection of light. It has applications in telecommunications, medicine, manufacturing and other fields.
Lasers:
Laser is a device that produces light by the stimulated emission of electromagnetic radiation. The term “laser” is an anglicized version of the French word for “light beam”, which in turn comes from the Latin word lāsium. A laser has different applications such as welding, cutting, marking & drilling and medical treatment (for removing skin lesions).
A laser can be classified into two categories: organic lasers and CO2 lasers.
Waveguides:
Waveguides are optical fibers that guide light by using a series of concentric tubes filled with a transparent conducting fluid. The main advantage of waveguides over other fiber optic cables is their ability to confine the guided light within the core while transmitting on average half the power loss in comparison to single-ended counterparts.
Application Insights:
The displays segment accounted for the largest revenue share in 2016 and is anticipated to continue its dominance over the forecast period. The growing demand for high-resolution displays, organic light-emitting diodes (OLEDs), flexible displays, and digital signage is expected to drive growth. Furthermore, new product developments such as optical fiber lasers that produce moving images are likely to create awareness about photonics in this application segment.
Safety & defense technology was another significant application sector of the global photonics market in 2016. New products such as laser systems with enhanced targeting options are being developed particularly for military applications across various end-use industries such as medicine, metrology, and safety & defense technology owing to their increasing adoption rate among other applications across diverse industry verticals globally.
Regional Analysis:
The Asia Pacific region is expected to emerge as the fastest-growing market for photonics over the forecast period. The growth can be attributed to increasing demand from emerging economies such as China and India, which are witnessing strong economic growth. In addition, rising investments in R&D activities by countries such as Japan and Singapore are anticipated to fuel regional market growth during the forecast period.
The Latin American region is also likely to witness significant growth over the next eight years owing to increasing government support for research & development activities in this field. For instance, in 2015, Brazil introduced a National Photonic Network (Rede Nacional de Nanocompute) that would provide high-speed internet using light instead of electricity with an aim towards developing innovative solutions based on photonics technology across various application areas including telecommunication and computing among others.
Growth Factors:
- Increasing demand for bandwidth-intensive services such as 4K/8K video, cloud storage, and 5G networks is expected to drive the growth of photonics market.
- Proliferation of data centers and the growing demand for energy-efficient data center infrastructure is also anticipated to fuel the growth of photonics market in near future.
- Rising number of smartphone users and increasing penetration of optical fiber in telecom networks are some other factors that are likely to contribute towards the growth of photonics market in coming years.
- Growing application areas such as medical imaging, biophotonics, and 3D printing are also projected to create new opportunities for players operating in this market over next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Photonics Market Research Report
By Type
Lasers, Waveguides, Optical Modulators, Optical Interconnects, Filters, Photo Detectors, Amplifiers, Photonic
By Application
Consumer Electronics, Displays, Safety & Defense Technology, Communication, Metrology, Sensing, Medical & Healthcare, High-performance Computing
By Companies
Coherent, Inc, IPG Photonics, Finisar Corporation, Hamamatsu Photonics, Lumentum, II-VI Incorporated, Infinera Corporation, NeoPhotonics, Luxtera, Inc, 3SP Technologies, Innolume GmbH, Genia Photonics, Inc, Redfern Integrated Optics, Photonic
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Photonics Market Report Segments:
The global Photonics market is segmented on the basis of:
Types
Lasers, Waveguides, Optical Modulators, Optical Interconnects, Filters, Photo Detectors, Amplifiers, Photonic
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Consumer Electronics, Displays, Safety & Defense Technology, Communication, Metrology, Sensing, Medical & Healthcare, High-performance Computing
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Coherent, Inc
- IPG Photonics
- Finisar Corporation
- Hamamatsu Photonics
- Lumentum
- II-VI Incorporated
- Infinera Corporation
- NeoPhotonics
- Luxtera, Inc
- 3SP Technologies
- Innolume GmbH
- Genia Photonics, Inc
- Redfern Integrated Optics
- Photonic
Highlights of The Photonics Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Lasers
- Waveguides
- Optical Modulators
- Optical Interconnects
- Filters
- Photo Detectors
- Amplifiers
- Photonic
- By Application:
- Consumer Electronics
- Displays
- Safety & Defense Technology
- Communication
- Metrology
- Sensing
- Medical & Healthcare
- High-performance Computing
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Photonics Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Photonics is the study of light and its properties. It covers everything from how light interacts with matter to the development of new optical technologies.
Some of the key players operating in the photonics market are Coherent, Inc, IPG Photonics, Finisar Corporation, Hamamatsu Photonics, Lumentum, II-VI Incorporated, Infinera Corporation, NeoPhotonics, Luxtera, Inc, 3SP Technologies, Innolume GmbH, Genia Photonics, Inc, Redfern Integrated Optics, Photonic.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Photonics Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Photonics Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Photonics Market - Supply Chain
4.5. Global Photonics Market Forecast
4.5.1. Photonics Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Photonics Market Size (000 Units) and Y-o-Y Growth
4.5.3. Photonics Market Absolute $ Opportunity
5. Global Photonics Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Photonics Market Size and Volume Forecast by Type
5.3.1. Lasers
5.3.2. Waveguides
5.3.3. Optical Modulators
5.3.4. Optical Interconnects
5.3.5. Filters
5.3.6. Photo Detectors
5.3.7. Amplifiers
5.3.8. Photonic
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Photonics Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Photonics Market Size and Volume Forecast by Application
6.3.1. Consumer Electronics
6.3.2. Displays
6.3.3. Safety & Defense Technology
6.3.4. Communication
6.3.5. Metrology
6.3.6. Sensing
6.3.7. Medical & Healthcare
6.3.8. High-performance Computing
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Photonics Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Photonics Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Photonics Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Photonics Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Photonics Demand Share Forecast, 2019-2026
9. North America Photonics Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Photonics Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Photonics Market Size and Volume Forecast by Application
9.4.1. Consumer Electronics
9.4.2. Displays
9.4.3. Safety & Defense Technology
9.4.4. Communication
9.4.5. Metrology
9.4.6. Sensing
9.4.7. Medical & Healthcare
9.4.8. High-performance Computing
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Photonics Market Size and Volume Forecast by Type
9.7.1. Lasers
9.7.2. Waveguides
9.7.3. Optical Modulators
9.7.4. Optical Interconnects
9.7.5. Filters
9.7.6. Photo Detectors
9.7.7. Amplifiers
9.7.8. Photonic
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Photonics Demand Share Forecast, 2019-2026
10. Latin America Photonics Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Photonics Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Photonics Market Size and Volume Forecast by Application
10.4.1. Consumer Electronics
10.4.2. Displays
10.4.3. Safety & Defense Technology
10.4.4. Communication
10.4.5. Metrology
10.4.6. Sensing
10.4.7. Medical & Healthcare
10.4.8. High-performance Computing
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Photonics Market Size and Volume Forecast by Type
10.7.1. Lasers
10.7.2. Waveguides
10.7.3. Optical Modulators
10.7.4. Optical Interconnects
10.7.5. Filters
10.7.6. Photo Detectors
10.7.7. Amplifiers
10.7.8. Photonic
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Photonics Demand Share Forecast, 2019-2026
11. Europe Photonics Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Photonics Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Photonics Market Size and Volume Forecast by Application
11.4.1. Consumer Electronics
11.4.2. Displays
11.4.3. Safety & Defense Technology
11.4.4. Communication
11.4.5. Metrology
11.4.6. Sensing
11.4.7. Medical & Healthcare
11.4.8. High-performance Computing
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Photonics Market Size and Volume Forecast by Type
11.7.1. Lasers
11.7.2. Waveguides
11.7.3. Optical Modulators
11.7.4. Optical Interconnects
11.7.5. Filters
11.7.6. Photo Detectors
11.7.7. Amplifiers
11.7.8. Photonic
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Photonics Demand Share, 2019-2026
12. Asia Pacific Photonics Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Photonics Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Photonics Market Size and Volume Forecast by Application
12.4.1. Consumer Electronics
12.4.2. Displays
12.4.3. Safety & Defense Technology
12.4.4. Communication
12.4.5. Metrology
12.4.6. Sensing
12.4.7. Medical & Healthcare
12.4.8. High-performance Computing
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Photonics Market Size and Volume Forecast by Type
12.7.1. Lasers
12.7.2. Waveguides
12.7.3. Optical Modulators
12.7.4. Optical Interconnects
12.7.5. Filters
12.7.6. Photo Detectors
12.7.7. Amplifiers
12.7.8. Photonic
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Photonics Demand Share, 2019-2026
13. Middle East & Africa Photonics Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Photonics Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Photonics Market Size and Volume Forecast by Application
13.4.1. Consumer Electronics
13.4.2. Displays
13.4.3. Safety & Defense Technology
13.4.4. Communication
13.4.5. Metrology
13.4.6. Sensing
13.4.7. Medical & Healthcare
13.4.8. High-performance Computing
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Photonics Market Size and Volume Forecast by Type
13.7.1. Lasers
13.7.2. Waveguides
13.7.3. Optical Modulators
13.7.4. Optical Interconnects
13.7.5. Filters
13.7.6. Photo Detectors
13.7.7. Amplifiers
13.7.8. Photonic
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Photonics Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Photonics Market: Market Share Analysis
14.2. Photonics Distributors and Customers
14.3. Photonics Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Coherent, Inc
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. IPG Photonics
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Finisar Corporation
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Hamamatsu Photonics
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Lumentum
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. II-VI Incorporated
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Infinera Corporation
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. NeoPhotonics
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Luxtera, Inc
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. 3SP Technologies
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Innolume GmbH
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Genia Photonics, Inc
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Redfern Integrated Optics
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Photonic
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic&nb
