The photonics market is expected to grow with a CAGR of 8% from 2019 to 2024


   October 23, 2019
According to a market report by Lucintel, the future of the photonics market looks promising with opportunities in the media, broadcasting & telecommunication, and consumer & business automation industries. The photonics market is expected to grow with a CAGR of 8% from 2019 to 2024. The major growth drivers for this market are increasing adoption of photonic products in various applications such as displays, information and communication technology, and lighting.

Free customization on reports https://www.lucintel.com/global-photonics-market.aspx

In this market, LED & lasers, detectors, sensors, and imaging devices are the major product type of photonics market.

Within the photonics market, media, broadcasting & telecommunication, and consumer & business automation are the major end use industries.

Download Free PDF Brochure @ https://www.lucintel.com/global-photonics-market.aspx#/

Asia Pacific will remain the largest market over the forecast period due increasing awareness among consumers and rising adoption of electronic devices in various industries.

Pre-Purchase Query @ https://www.lucintel.com/global-photonics-market.aspx#/

Signify, Schott, Nikon, Shin-Etsu Chemical company, HOYA, Corning, Asahi Glass, II-VI Inc., OHARA, and American Elements are among the major manufacturers of photonics.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the photonics market by product type, application, end use industry, and region. Lucintel has prepared a comprehensive research report entitled "Photonics Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the photonics market by product type, application, end use industry, and region as follows:

By Product Type [$M shipment analysis for 2013 – 2024]:



  • LED & Lasers


  • Detectors


  • Sensors


  • Imaging Devices


By Application [$M shipment analysis for 2013 – 2024]:



  • Information & Communication Technology


  • Production Technology


By End Use Industry [$M shipment analysis for 2013 – 2024]



  • Media


  • Broadcasting & Telecommunication


  • Consumer & Business Automation


By Region [$M shipment analysis for 2013 – 2024]:



  • North America


  • United States


  • Canada


  • Mexico


  • Europe


  • UK


  • Germany


  • Italy


  • Asia Pacific


  • China


  • Japan


  • India


  • Rest of the World


Download Free Sample Page @ https://www.lucintel.com/global-photonics-market.aspx#/

This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/global-photonics-market.aspx or helpdesk@lucintel.com.

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.


Lucintel Corporate Customers

Market Entry, M & A, Opportunity Screening,...

Private Equity Customers

Buy Side Services (target screening, due diligence, ..)

Market Research Reports

Aerospace & Defense [51]
Chemical [258]
Composites & Advanced Materials [160]
Construction & Industrial [68]
Consumer and Retail [120]
Economic Analysis [86]
Energy & Utility [73]
Finance & Services [10]
Healthcare [62]
Media & Entertainment [16]
Metals & Mining [17]
Technology & Telecommunication [162]
Transportation [140]

Customer Quotes

"With more than 20 years experience in the industry, this is the first time we have come across such an extensive market analysis for our industry." Ven Cote, CEO, ZCL

"The insights we gained from Lucintel work helped with our business plan…a wonderful professional job…" Mike Jackson, Stahlin

"The report from Lucintel is useful not only for business planners, but also for the technology officers wanting to create a roadmap …" Dr. Giulio Ranzo, Booz Allen

"The information is so comprehensive, it has allowed us to identify & focus our business development efforts. It saved months of leg-work." Bill Barz, L&L Products

"We bought Lucintel report because it is the best report about our industry…a complete and appropriate analysis." Cesare Andrenacci, Ferretti

Quick Query

Lucintel Insights in News

Follow us on