Global Photonics Market: Industry Analysis and Forecast (2021-2027) by Type, Application and End-User, and Region

Global Photonics Market size was valued at US$ 593.70 Bn. in 2020 and the total revenue is expected to grow at 7.1 % through 2021 to 2027, reaching nearly US$ 959.61 Bn.

Global Photonics Market Overview:

Photonics is a branch of science that studies light. It is the study of how optical signals and photons are created, regulated, and sensed. The properties of waves and photons can be utilised to study the universe, treat ailments, and even catch criminals. For hundreds of years, scientists have been investigating light. The rainbow tones are only a small fraction of the electromagnetic spectrum, which encompasses the complete wavelength range of light waves. Photonics is the study of photons with a spectrum of wavelengths, including gamma radiation, radio waves, and X-ray, ultraviolet, and infrared photons. Global Photonics Market To know about the Research Methodology :- Request Free Sample Report 2020 is considered as a base year to forecast the market from 2021 to 2027. 2020’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years trends are considered while forecasting the market through 2027. 2020 is a year of exception and analyzed specially with the impact of lockdown by region.

Global Photonics Market Dynamics:

The market for photonics is expected to increase significantly over the forecast period due to its broad use in a range of end-use sectors. The industries covered include life sciences, production, electronics, information and communication technology, solar cells, and security and defense. The market is expected to grow throughout the projected period, thanks to increased demand for high-quality healthcare and its extensive use in diagnostic imaging. Furthermore, rising awareness of early disease diagnosis will drive the need for effective imaging, driving a potential market with higher demand for real-time data resolution and precision. The continuous downsizing of devices has prompted the development of photonic sensors in comparison to other sensors, driving the global photonics market over the forecast period. In addition, the rise of the internet of photonic things is driving market demand in the forecast period and in the next years, thanks to the increased acceptance of IoT and its advances. The development of the photonics market is being fueled by factors such as the need for high bandwidth for large data transfers and increased investment in the silicon photonics market. Many corporations, for example, have expanded their financing for silicon photonics research and development. This is due to its superior technical capabilities compared to conventional data communication techniques. On the other hand, high initial investments related to photonic-enabled technologies are expected to challenge the market development during the forecast period (2021-2027). Also, technological obsolescence & increasing demand for counterfeit technology are likely to control the market development in the future.

COVID-19 Impact:

Demand for Photonics UV-C Led light has grown as a result of the pandemic, because UV-C Led light is used to disinfect the virus. The epidemic wreaked havoc on a range of end-user enterprises because of supply chain interruption, containment limits, and social distancing traditions. As a result of supply chain interruptions, the adoption of 5G in many countries may be delayed, and fibre optic cable prices may rise as fibre optic cable producing countries such as China are badly impacted.

Global Photonics Market Segment Analysis:

Based on the Type, the global Photonics market is segmented into LED, Lasers, Detectors, Sensors, and Imaging devices, Optical Communication Systems & Components, and Consumer Electronics & Devices. High-brightness LEDs are revolutionising the lighting sector, and the market for LEDs is likely to grow significantly throughout the forecast period. Integration of LEDs with television backlights and mobile phones is a growing trend in the industry, since it improves illumination, display, and energy economy. These products constitute a risk to the advancement of a low-carbon economy. Global Photonics Market Based on the Application, the global Photonics market is segmented into Measurement & automated vision, Communication, Information technology, Displays, Lighting, Defense & Security, Optical Components & Systems, Photovoltaic, and Production Technology. The information technology is expected to grow at a higher CAGR of xx% in the global Photonics market during the forecast period. Data generation, processing, storage and retrieval, data acquisition, and data utilisation all require photonic technology. Each of these procedures makes use of photonic materials and component manufacturing equipment. It also offers photonics-based services. Data conversion devices, amplifier systems, light manipulation systems (stimulators, switches, and routers), and fibre optic cables are all part of the photonic materials and equipment business. Global Photonics Market

Global Photonics Market Regional Insights:

Asia Pacific dominates the global Photonics market during the forecast period 2021-2027. Asia Pacific held the largest market share of xx% in 2020. Due to the significant increase in the number of players. Additionally, the increasing acceptance of information technology and the increased use of communications are estimated to contribute to the regional market's expansion. Through the end of 2030, this region is estimated to earn USD 149.15 billion in sales, with a CAGR of 8.28 %. Whereas, North America held the second largest market share of xx% in the global Photonics market in 2020. As a result of North America's increased acceptance of advanced next-generation technology. Growing government financing in R&D and applications of laser optics and photonic-enabled technology can be credited for the development in the United States. Over the period 2021-2027, the US government is expected to invest heavily in the development of new lasers for military applications, which is expected to boost industry growth.Global Photonics MarketThe objective of the report is to present a comprehensive analysis of the global Photonics Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also helps in understanding the global Photonics Market dynamic, structure by analyzing the market segments and project the global Photonics Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Photonics Market make the report investor’s guide.

Global Photonics Market Scope: Inquire before buying Global Photonics Market

Global Photonics Market, by Region

• North America • Europe • Asia Pacific • South America • Middle East and Africa

Global Photonics Market Key Players

American ElementsAsahi Glass Company • Corning, Inc. • Hoya Corporation • II-VI Inc. • Koninklijke Philips N.V. • Nikon Corporation • Ohara Corporation • Schott AG • Shin-Etsu Chemical Co., Ltd. • Signify • Magic Leap, Inc. • Providence Photonics, LLC • FLIR Systems, Inc. • Thorlabs, Inc. • Halma PLC • IPG Photonics Corporation • greenTEG AG • Orange Photonics, Inc. • Teem Photonics • Hamamatsu Photonics KK • Intel Corporation • Alcatel-Lucent SA

Frequently Asked Questions:

1] What segments are covered in Photonics Market report? Ans. The segments covered in Photonics Market report are based on Type, Application and End-User. 2] Which region is expected to hold the highest share in the global Photonics Market? Ans. Asia Pacific is expected to hold the highest share in the global Photonics Market. 3] What is the market size of global Photonics Market by2027? Ans. The market size of global Photonics Market by 2027 is US $ 959.61 Bn. 4] Who are the top key players in the global Photonics Market? Ans. American Elements, Asahi Glass Company, Corning, Inc., Hoya Corporation, II-VI Inc., Koninklijke Philips N.V., Nikon Corporation are the top key players in the global Photonics Market. 5] What was the market size of global Photonics Market in 2020? Ans. The market size of global Photonics Market in 2020 was US $ 593.70 Bn.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Photonics Market Size, by Market Value (US$ Bn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2019 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Photonics Market 3.4. Geographical Snapshot of the Photonics Market, By Manufacturer share 4. Global Photonics Market Overview, 2019-2026 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Photonics Market 5. Supply Side and Demand Side Indicators 6. Global Photonics Market Analysis and Forecast, 2019-2026 6.1. Global Photonics Market Size & Y-o-Y Growth Analysis. 7. Global Photonics Market Analysis and Forecasts, 2019-2026 7.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 7.1.1. LED 7.1.2. Laser, Sensor, Detectors & Imaging Devices 7.1.3. Optical Communication Systems & Components 7.1.4. Others 7.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 7.2.1. Measurement & Image Processing 7.2.2. Communication 7.2.3. Information Technology 7.2.4. Display 7.2.5. Lighting 7.2.6. Defense & Security 7.2.7. Optical Components & Systems 7.2.8. Photovoltaic 7.2.9. Production Technology 7.3. Market Size (Value) Estimates & Forecast By End-use Industry, 2019-2026 7.3.1. Medical 7.3.2. Industrial 7.3.3. Defense 7.3.4. Consumer Electronics 7.3.5. Media & Telecommunication 7.3.6. Others 8. Global Photonics Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2019-2026 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Photonics Market Analysis and Forecasts, 2019-2026 9.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 9.1.1. LED 9.1.2. Laser, Sensor, Detectors & Imaging Devices 9.1.3. Optical Communication Systems & Components 9.1.4. Others 9.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 9.2.1. Measurement & Image Processing 9.2.2. Communication 9.2.3. Information Technology 9.2.4. Display 9.2.5. Lighting 9.2.6. Defense & Security 9.2.7. Optical Components & Systems 9.2.8. Photovoltaic 9.2.9. Production Technology 9.3. Market Size (Value) Estimates & Forecast By End-use Industry, 2019-2026 9.3.1. Medical 9.3.2. Industrial 9.3.3. Defense 9.3.4. Consumer Electronics 9.3.5. Media & Telecommunication 9.3.6. Others 10. North America Photonics Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2019-2026 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Photonics Market Analysis and Forecasts, 2019-2026 11.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 11.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 11.3. Market Size (Value) Estimates & Forecast By End-use Industry, 2019-2026 12. Canada Photonics Market Analysis and Forecasts, 2019-2026 12.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 12.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 12.3. Market Size (Value) Estimates & Forecast By End-use Industry, 2019-2026 13. Mexico Photonics Market Analysis and Forecasts, 2019-2026 13.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 13.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 13.3. Market Size (Value) Estimates & Forecast By End-use Industry, 2019-2026 14. Europe Photonics Market Analysis and Forecasts, 2019-2026 14.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 14.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 14.3. Market Size (Value) Estimates & Forecast By End-use Industry, 2019-2026 15. Europe Photonics Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2019-2026 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Photonics Market Analysis and Forecasts, 2019-2026 16.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 16.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 16.3. Market Size (Value) Estimates & Forecast By End-use Industry, 2019-2026 17. France Photonics Market Analysis and Forecasts, 2019-2026 17.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 17.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 17.3. Market Size (Value) Estimates & Forecast By End-use Industry, 2019-2026 18. Germany Photonics Market Analysis and Forecasts, 2019-2026 18.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 18.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 18.3. Market Size (Value) Estimates & Forecast By End-use Industry, 2019-2026 19. Italy Photonics Market Analysis and Forecasts, 2019-2026 19.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 19.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 19.3. Market Size (Value) Estimates & Forecast By End-use Industry, 2019-2026 20. Spain Photonics Market Analysis and Forecasts, 2019-2026 20.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 20.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 20.3. Market Size (Value) Estimates & Forecast By End-use Industry, 2019-2026 21. Sweden Photonics Market Analysis and Forecasts, 2019-2026 21.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 21.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 21.3. Market Size (Value) Estimates & Forecast By End-use Industry, 2019-2026 22. CIS Countries Photonics Market Analysis and Forecasts, 2019-2026 22.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 22.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 22.3. Market Size (Value) Estimates & Forecast By End-use Industry, 2019-2026 23. Rest of Europe Photonics Market Analysis and Forecasts, 2019-2026 23.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 23.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 23.3. Market Size (Value) Estimates & Forecast By End-use Industry, 2019-2026 24. Asia Pacific Photonics Market Analysis and Forecasts, 2019-2026 24.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 24.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 24.3. Market Size (Value) Estimates & Forecast By End-use Industry, 2019-2026 25. Asia Pacific Photonics Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2019-2026 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Photonics Market Analysis and Forecasts, 2019-2026 26.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 26.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 26.3. Market Size (Value) Estimates & Forecast By End-use Industry, 2019-2026 27. India Photonics Market Analysis and Forecasts, 2019-2026 27.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 27.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 27.3. Market Size (Value) Estimates & Forecast By End-use Industry, 2019-2026 28. Japan Photonics Market Analysis and Forecasts, 2019-2026 28.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 28.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 28.3. Market Size (Value) Estimates & Forecast By End-use Industry, 2019-2026 29. South Korea Photonics Market Analysis and Forecasts, 2019-2026 29.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 29.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 29.3. Market Size (Value) Estimates & Forecast By End-use Industry, 2019-2026 30. Australia Photonics Market Analysis and Forecasts, 2019-2026 30.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 30.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 30.3. Market Size (Value) Estimates & Forecast By End-use Industry, 2019-2026 31. ASEAN Photonics Market Analysis and Forecasts, 2019-2026 31.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 31.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 31.3. Market Size (Value) Estimates & Forecast By End-use Industry, 2019-2026 32. Rest of Asia Pacific Photonics Market Analysis and Forecasts, 2019-2026 32.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 32.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 32.3. Market Size (Value) Estimates & Forecast By End-use Industry, 2019-2026 33. Middle East Africa Photonics Market Analysis and Forecasts, 2019-2026 33.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 33.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 33.3. Market Size (Value) Estimates & Forecast By End-use Industry, 2019-2026 34. Middle East Africa Photonics Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2019-2026 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Photonics Market Analysis and Forecasts, 2019-2026 35.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 35.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 35.3. Market Size (Value) Estimates & Forecast By End-use Industry, 2019-2026 36. GCC Countries Photonics Market Analysis and Forecasts, 2019-2026 36.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 36.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 36.3. Market Size (Value) Estimates & Forecast By End-use Industry, 2019-2026 37. Egypt Photonics Market Analysis and Forecasts, 2019-2026 37.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 37.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 37.3. Market Size (Value) Estimates & Forecast By End-use Industry, 2019-2026 38. Nigeria Photonics Market Analysis and Forecasts, 2019-2026 38.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 38.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 38.3. Market Size (Value) Estimates & Forecast By End-use Industry, 2019-2026 39. Rest of ME&A Photonics Market Analysis and Forecasts, 2019-2026 39.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 39.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 39.3. Market Size (Value) Estimates & Forecast By End-use Industry, 2019-2026 40. South America Photonics Market Analysis and Forecasts, 2019-2026 40.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 40.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 40.3. Market Size (Value) Estimates & Forecast By End-use Industry, 2019-2026 41. South America Photonics Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2019-2026 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Photonics Market Analysis and Forecasts, 2019-2026 42.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 42.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 42.3. Market Size (Value) Estimates & Forecast By End-use Industry, 2019-2026 43. Argentina Photonics Market Analysis and Forecasts, 2019-2026 43.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 43.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 43.3. Market Size (Value) Estimates & Forecast By End-use Industry, 2019-2026 44. Rest of South America Photonics Market Analysis and Forecasts, 2019-2026 44.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 44.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 44.3. Market Size (Value) Estimates & Forecast By End-use Industry, 2019-2026 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Photonics Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. American Elements 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Asahi Glass Company 45.3.3. Corning, Inc. 45.3.4. Hoya Corporation 45.3.5. II-VI Inc. 45.3.6. Koninklijke Philips N.V. 45.3.7. Nikon Corporation 45.3.8. Ohara Corporation 45.3.9. Schott AG 45.3.10. Shin-Etsu Chemical Co., Ltd. 45.3.11. Signify 45.3.12. Magic Leap, Inc. 45.3.13. Providence Photonics, LLC 45.3.14. FLIR Systems, Inc. 45.3.15. Thorlabs, Inc. 45.3.16. Halma plc 45.3.17. IPG Photonics Corporation 45.3.18. greenTEG AG 45.3.19. Orange Photonics, Inc. 45.3.20. Teem Photonics 45.3.21. Hamamatsu Photonics KK 45.3.22. Intel Corporation 45.3.23. Alcatel-Lucent SA 46. Primary Key Insights

About This Report

Report ID363
Category Electronics
Published DateOct 2020
Updated DateSep 2021
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