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    Photonics Market Report

    Photonics Market Report
    Report code - SRCG221 Delivery - 2 Weeks
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    Photonics Market Size, Share, Trend, Forecast, & Industry Analysis – 2021-2026
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    Impact of COVID-19 on Photonics Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Photonics Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and statergy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Photonics Market Insights

    Photonics market is likely to witness a healthy CAGR of 7.1% during the forecast period. The demand for photonics is growing due to the increasing penetration of photonic products in different applications and need for energy efficient products to conserve energy.

    Photonics Market - Snapshot

    Growth

    7.1% for the next five years

    Fastest-growing Product Type

    Consumer Electronics & Devices

    Major Application Type

    Information & Communication Technology

    Dominant End-Use Industry Type

    Media, Broadcasting & Telecommunication

    Region with the highest demand

    Asia-Pacific

    Key Players

    AGC Inc., American Elements, Corning Incorporated, Hoya Corporation, II-VI Incorporated, Nikon Corporation, Ohara Corporation, Schott AG, Shin-Etsu Chemical Company, and Signify Holding.

     

    Market Share Analysis

    Photonics-Market-Dominant-Segments

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    Photonics Market Share: By Product Type

    Based on the product type, the market is segmented as LED, lasers, detectors, and sensors & imaging devices, optical communication systems & components, consumer electronics & devices and others. The consumer electronics & devices segment is expected to be the fastest-growing segment during the forecast period. Consumer electronics include products such as watches, holography, scanners, and optical computer devices such as optical mouse. The increasing demand for these products, globally, is driving the growth of this segment.

    Photonics Market Share: By Application Type

    Based on the application type, the market is segmented as display, information & communication technology, photovoltaic, medical technology & life sciences, measurement & automated vision, lighting, production technology, and others. The information & communication technology segment is expected to remain dominant market during the forecast period due to the increasing number of internet users and increase of data usage. Technological advancements such as high-speed optical fiber internet connectivity and digitization are going to rise the demand for this segment.

    Photonics Market Share: By End-Use Industry Type

    Based on the end-use industry type, the photonics market is segmented as building & construction, media, broadcasting & telecommunication, consumer & business automation, medical, security & defense, industrial, and others. The media, broadcasting & telecommunication segment leads the market owing to photonics being used in a wide range of applications such as display, information & communication technology, photovoltaic, medical technology & life sciences, measurement & automated vision, lighting, production technology, and others.

    Photonics Market Share: By Region

    In terms of regions, Asia-Pacific is estimated to be the largest photonics market during the forecast period, owing to increasing spending of government on digitization and increasing usage of photonic products in various applications such as lighting, information & communication technology, and displays.

    Photonics-Market-By-Region

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    Some of the major players in the photonics market are-

    • AGC Inc.
    • American Elements
    • Corning Incorporated
    • Hoya Corporation
    • II-VI Incorporated
    • Nikon Corporation
    • Ohara Corporation
    • Schott AG
    • Shin-Etsu Chemical Company
    • Signify Holding.

     

    Market Scope & Segmentation

    Photonics is the technology of light generation detection and manipulation through transmission, emission, modulation, switching, amplification, signal processing, and sensing. ‘Photonics’, the word has been derived from the Greek word "phos" meaning light. The application of photonics is everywhere, included in all areas from the most advanced science to everyday life, such as light detection, information processing, lighting, spectroscopy, photonic computing, telecommunications, and metrology.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Photonics Market Research Report - Features

    Market Segmentation

    4

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The photonics market is segmented into the following categories. 

    Photonics Market Size, Share, & Forecast, by Product Type:

    • LED (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Lasers, Detectors, and Sensors & Imaging Devices (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Optical Communication Systems & Components (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Consumer Electronics & Devices (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Photonics Market Size, Share, & Forecast, by Application Type:

    • Display
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Application Type Analysis: Display in Mobile Devices and Display in Television)
    • Information & Communication Technology
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Application Type Analysis: Data Transmission and Data Storage)
    • Photovoltaic (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Medical Technology & Life Sciences
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Application Type Analysis: Photonics in Medical Diagnostics and Photonics in Surgeries)
    • Measurement & Automated Vision
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Application Type Analysis: Measuring Instruments and Automated Vision)
    • Lighting
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Application Type Analysis: CFL and LED)
    • Production Technology (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Photonics Market Size, Share, & Forecast, by End-Use Industry Type:

    • Building & Construction (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Media, Broadcasting & Telecommunication (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Consumer & Business Automation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Medical (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Security & Defense (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Industrial (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Photonics Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

     

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the product types by end-use industry type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]

    Frequently Asked Questions (FAQs)

    The photonics market is expected to witness an impressive growth of 7.1% CAGR in the foreseeable future.

    AGC Inc., American Elements, Corning Incorporated, Hoya Corporation, II-VI Incorporated, Nikon Corporation, Ohara Corporation, Schott AG, Shin-Etsu Chemical Company, and Signify Holding are among the key players in the photonics market.

    Asia-pacific is expected to be the largest photonics market during the next five years.

    The information & communication technology segment is expected to remain dominant in the photonics market.

    •