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Photonics Market Trends and Forecast
The future of the global photonics market looks promising with opportunities in the display, information & communication technology, photovoltaics, medical technology & life science, measurement & automated vision, lighting, and production technology markets. The global photonics market is expected to reach an estimated $1,304.6 billion by 2030 with a CAGR of 5.7% from 2024 to 2030. The major drivers for this market are increasing adoption of photonics products in various applications in developing countries, rising need for energy-efficient products, and rising proliferation of cloud-based services and data centers across the globe.
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Photonics Market by Segment
The study includes a forecast for the global photonics market by type, application, and region
Photonics Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• LED
• Lasers
• Detectors
• Sensors and Imaging Devices
• Optical Communication Systems & Networking Components
• Consumer Electronics & Devices
Photonics Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Display
• Information & Communication Technology
• Photovoltaics
• Medical Technology & Life Sciences
• Measurement & Automated Vision
• Lighting
• Production Technology
Photonics Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Photonics Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies photonics companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the photonics companies profiled in this report include-
• Signify
• Shin-Etsu Chemical Company
• Nikon Corporation
• SCHOTT
• Hoya
• Corning
• American Elements
• Ohara
• Asahi Glass
Photonics Market Insights
Lucintel forecasts that LED will remain the largest segment over the forecast period due to its cost-effective pricing and growing utilization of LEDs in lighting, and display functions.
Within this market, information and communication will remain the largest segment due to growing adoption of photonics in data generation, transformation, data transmission and storage, data conversion, and data usage.
APAC will remain the largest region over the forecast period due to increasing industrial activities and growing research and development activities in the region..
Features of the Global Photonics Market
Market Size Estimates: Photonics market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Photonics market size by various segments, such as by type, application, and region in terms of value ($B).
Regional Analysis: Photonics market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the photonics market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the photonics market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the photonics market size?
Answer: The global photonics market is expected to reach an estimated $1,304.6 billion by 2030.
Q.2 What is the growth forecast for photonics market ?
Answer: The global photonics market is expected to grow with a CAGR of 5.7% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the photonics market ?
Answer: The major drivers for this market are increasing adoption of photonics products in various applications in developing countries, rising need for energy-efficient products, and rising proliferation of cloud-based services and data centers across the globe.
Q4. What are the major segments for photonics market ?
Answer: The future of the photonics market looks promising with opportunities in the display, information & communication technology, photovoltaics, medical technology & life science, measurement & automated vision, lighting, and production technology markets.
Q5. Who are the key photonics market companies?
Answer: Some of the key photonics market companies are as follows:
• Signify
• Shin-Etsu Chemical Company
• Nikon Corporation
• SCHOTT
• Hoya
• Corning
• American Elements
• Ohara
• Asahi Glass
Q6. Which photonics market segment will be the largest in future?
Answer: Lucintel forecasts that LED will remain the largest segment over the forecast period due to its cost-effective pricing and growing utilization of LEDs in lighting, and display functions.
Q7. In photonics market , which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to increasing industrial activities and growing research and development activities in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the photonics market by type (LED, lasers, detectors, sensors and imaging devices, optical communication systems & networking components, and consumer electronics & devices), application (display, information & communication technology, photovoltaics, medical technology & life sciences, measurement & automated vision, lighting, and production technology), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to photonics market or related to photonics companies, photonics market size, photonics market share, photonics market growth, photonics market research, write Lucintel analyst at email: helpdesk@lucintel.com we will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Photonics Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Photonics Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Photonics Market by Type
3.3.1: LED
3.3.2: Lasers
3.3.3: Detectors
3.3.4: Sensors and Imaging Devices
3.3.5: Optical Communication Systems & Networking Components
3.4: Global Photonics Market by Application
3.4.1: Display
3.4.2: Information & Communication Technology
3.4.3: Photovoltaics
3.4.4: Medical Technology & Life Sciences
3.4.5: Measurement & Automated Vision
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Photonics Market by Region
4.2: North American Photonics Market
4.2.1: North American Photonics Market by Type: LED, Lasers, Detectors, Sensors and Imaging Devices, Optical Communication Systems & Networking Components, and Consumer Electronics & Devices
4.2.2: North American Photonics Market by Application: Display, Information & Communication Technology, Photovoltaics, Medical Technology & Life Sciences, Measurement & Automated Vision, Lighting, and Production Technology
4.3: European Photonics Market
4.3.1: European Photonics Market by Type: LED, Lasers, Detectors, Sensors and Imaging Devices, Optical Communication Systems & Networking Components, and Consumer Electronics & Devices
4.3.2: European Photonics Market by Application: Display, Information & Communication Technology, Photovoltaics, Medical Technology & Life Sciences, Measurement & Automated Vision, Lighting, and Production Technology
4.4: APAC Photonics Market
4.4.1: APAC Photonics Market by Type: LED, Lasers, Detectors, Sensors and Imaging Devices, Optical Communication Systems & Networking Components, and Consumer Electronics & Devices
4.4.2: APAC Photonics Market by Application: Display, Information & Communication Technology, Photovoltaics, Medical Technology & Life Sciences, Measurement & Automated Vision, Lighting, and Production Technology
4.5: ROW Photonics Market
4.5.1: ROW Photonics Market by Type: LED, Lasers, Detectors, Sensors and Imaging Devices, Optical Communication Systems & Networking Components, and Consumer Electronics & Devices
4.5.2: ROW Photonics Market by Application: Display, Information & Communication Technology, Photovoltaics, Medical Technology & Life Sciences, Measurement & Automated Vision, Lighting, and Production Technology
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Photonics Market by Type
6.1.2: Growth Opportunities for the Global Photonics Market by Application
6.1.3: Growth Opportunities for the Global Photonics Market Region
6.2: Emerging Trends in the Global Photonics Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Photonics Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Photonics Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Signify
7.2: Shin-Etsu Chemical Company
7.3: Nikon Corporation
7.4: SCHOTT
7.5: Hoya
7.6: Corning
7.7: American Elements
7.8: Ohara
7.9: Asahi Glass
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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