Photonics - Global Market Outlook (2019-2027)

According to Stratistics MRC, the Global Photonics market accounted for $554.34 billion in 2019 and is expected to reach $1,196.95 billion by 2027 growing at a CAGR of 10.1% during the forecast period. Increasing adoption of photonics products in various applications in developing countries and need for energy-efficient products are some of the key driving factors for the growth of the market. However, increasing product costs due to expensive components may hinder the market growth.

Photonics is a technology for generating and harnessing the light and other forms of energy which has quantum structure of photon. Photonics technology is used for lasers, optics, fiber-optics, and electro-optical devices among others. Purposes such as modulation, transmission, signal processing, switching, amplification, and sensing can be done through photonics.

Based on type, light emitting diode (LED) segment is going to have high growth during the forecast period owing to the increasing usage of LED in lighting and display applications which is attributed to its energy efficiency. By geography, North America is expected to grow at a faster rate due to the increasing adoption of advanced next-generation technologies in the region coupled with the increasing government funding in the R&D.

Some of the key players profiled in the Photonics include 3SP Technologies, Cisco Systems, Coherent Inc, Finisar Corporation, General Electric Company, Genia Photonics, Inc, Hamamatsu Photonics, Huawei Technologies, Infinera Corporation, Innolume GmbH, IPG Photonics, Luxtera, Inc, Redfern Integrated Optics, Trumpf Group. 

Types Covered:
• Consumer Electronics & Devices
• Lasers, Detectors, Sensors, and Imaging Devices
• Light Emitting Diode (LED)
• Optical Communication Systems & Components
• Reflective Microdisplay
• Transmissive Microdisplay

Manufacturing Industries Covered:
• Laser Material Processing
• Lithography
• Optical Measurement

Applications Covered:
• Displays
• Information and Communication Technologies (ICTs)
• Photovoltaic (Light Sources)
• Medical Technology & Life sciences (Biophotonics)
• Measurement & Automated Vision
• Lighting (Compact Fluorescent Lamp)
• Production Technology
• Solar Energy
• Flat Panel Displays
• Metrology
• Sensing
• High-Performance Computing
• Image Processing
• Holography
• Terahertz Imaging
• Photonic Servers and Routers
• Iometrics
• Wireless Communication
• Surveying & Detection
• Data Communication
• Image Capture

Products Covered:
• Amplifiers
• Germanium (Ge) Photonics
• Indium Gallium Arsenide (InGaAs) Photonics
• Optical Interconnects
• Optical Modulators
• Optical Waveguides
• Photo Detectors
• Silicon (Si) Photonics
• Wavelength-Division Multiplexing (WDM) Filters

End Users Covered:
• Aerospace
• Building & Construction
• Consumer & Business Automation
• Entertainment
• Industrial
• Manufacturing
• Media, Broadcasting and Telecommunication
• Safety & Defense Technology
• Automotive
• Healthcare
• Military
• Other End Users 

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances