- Waveguides
- Optical Modulators
- Optical Interconnects
- LED
- Wavelength Division
- Multiplexer Filters
- Photo Detectors
- Lasers
- Amplifiers
- Others
Photonics Market size was valued at USD 612.9 million in 2022 and is poised to grow at a significant CAGR of 7.5 % from 2023-2029 owing to the rising application in silicone-based photonics, increasing usage of photonics for non-invasive healthcare, and growing use of photonics-enabled devices in information and communication industries production sectors throughout the projected period. Moreover, the growing demand of minimally invasive surgery across the globe is expected to drive the photonics market. With applications ranging from diagnostics to surgical instruments to therapies, the medical device business is a rapidly growing area of potential for optical and photonics technology. However, the high cost of photonic products and the requirement for substantial amounts of labor are hampering the market growth. Photonics is the study of radiant energy and waves, which may be used to treat diseases, explore the world, and even solve crimes. Advances have aided advancements in fiber optics and the advent of electricity in the photonics sector, accelerating the conversion process. Photonics advancements have also led to continual improvements in the performance of both OPV and OLED technologies.
Study Period
Base Year
CAGR
Largest Market
Fastest Growing Market
The information technology segment is valued at USD 203.5 million in 2022 and is anticipated to grow at a substantial growth over the forecast period (2023-2029). Photonic technology is required for data generation, processing, storage and retrieval, data acquisition, and data utilization. Photonic materials and component manufacturing equipment are used in each of these procedures. It also provides photonics-related services. Photonic materials and equipment include data conversion devices, amplifier systems, light manipulation systems (stimulators, switches, routers), and fiber optic cables.
The Photonics Market is projected to expand at a CAGR of 7.5% during the forecast period.
Hamamatsu Photonics KK, Intel Corporation, Polatis Photonics Inc., Alcatel-Lucent SA, Molex Inc
North America is the fastest-growing region for Photonics Market
1.Executive Summary |
2.Global Photonics Market Introduction |
2.1.Global Photonics Market - Taxonomy |
2.2.Global Photonics Market - Definitions |
2.2.1.Product Type |
2.2.2.Application |
2.2.3.Region |
3.Global Photonics Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Product Landscape |
3.6. New Product Launches |
3.7. Impact of COVID 19 on Market |
4.Global Photonics Market Analysis, 2018-2022 and Forecast 2023-2029 |
4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5.Global Photonics Market By Product Type, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
5.1. Waveguides |
5.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Optical Modulators |
5.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
5.3. Optical Interconnects |
5.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.3. Market Opportunity Analysis |
5.4. LED |
5.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.4.3. Market Opportunity Analysis |
5.5. Wavelength Division |
5.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.5.3. Market Opportunity Analysis |
5.6. Multiplexer Filters |
5.6.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.6.3. Market Opportunity Analysis |
5.7. Photo Detectors |
5.7.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
5.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.7.3. Market Opportunity Analysis |
5.8. Lasers |
5.8.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
5.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.8.3. Market Opportunity Analysis |
5.9. Amplifiers |
5.9.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
5.9.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.9.3. Market Opportunity Analysis |
5.10. Others |
5.10.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
5.10.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.10.3. Market Opportunity Analysis |
6.Global Photonics Market By Application, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
6.1. Consumer Electronics |
6.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Displays |
6.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. Safety & Defense Technology |
6.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
6.4. Communication |
6.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.4.3. Market Opportunity Analysis |
6.5. Metrology |
6.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.5.3. Market Opportunity Analysis |
6.6. Sensing |
6.6.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.6.3. Market Opportunity Analysis |
6.7. Medical & Healthcare |
6.7.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
6.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.7.3. Market Opportunity Analysis |
6.8. High-Performance Computing |
6.8.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
6.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.8.3. Market Opportunity Analysis |
6.9. Others |
6.9.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
6.9.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.9.3. Market Opportunity Analysis |
7.Global Photonics Market By Region, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
7.1. North America |
7.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Europe |
7.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Asia Pacific (APAC) |
7.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
7.4. Middle East and Africa (MEA) |
7.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.4.3. Market Opportunity Analysis |
7.5. Latin America |
7.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.5.3. Market Opportunity Analysis |
8.North America Photonics Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
8.1. Product Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
8.1.1.Waveguides |
8.1.2.Optical Modulators |
8.1.3.Optical Interconnects |
8.1.4.LED |
8.1.5.Wavelength Division |
8.1.6.Multiplexer Filters |
8.1.7.Photo Detectors |
8.1.8.Lasers |
8.1.9.Amplifiers |
8.1.10.Others |
8.2. Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
8.2.1.Consumer Electronics |
8.2.2.Displays |
8.2.3.Safety & Defense Technology |
8.2.4.Communication |
8.2.5.Metrology |
8.2.6.Sensing |
8.2.7.Medical & Healthcare |
8.2.8.High-Performance Computing |
8.2.9.Others |
8.3. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
8.3.1.United States of America (USA) |
8.3.2.Canada |
9.Europe Photonics Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
9.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.1.1.Waveguides |
9.1.2.Optical Modulators |
9.1.3.Optical Interconnects |
9.1.4.LED |
9.1.5.Wavelength Division |
9.1.6.Multiplexer Filters |
9.1.7.Photo Detectors |
9.1.8.Lasers |
9.1.9.Amplifiers |
9.1.10.Others |
9.2. Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.2.1.Consumer Electronics |
9.2.2.Displays |
9.2.3.Safety & Defense Technology |
9.2.4.Communication |
9.2.5.Metrology |
9.2.6.Sensing |
9.2.7.Medical & Healthcare |
9.2.8.High-Performance Computing |
9.2.9.Others |
9.3. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.3.1.Germany |
9.3.2.France |
9.3.3.Italy |
9.3.4.United Kingdom (UK) |
9.3.5.Spain |
9.3.6.Rest of EU |
10.Asia Pacific (APAC) Photonics Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
10.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.1.1.Waveguides |
10.1.2.Optical Modulators |
10.1.3.Optical Interconnects |
10.1.4.LED |
10.1.5.Wavelength Division |
10.1.6.Multiplexer Filters |
10.1.7.Photo Detectors |
10.1.8.Lasers |
10.1.9.Amplifiers |
10.1.10.Others |
10.2. Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.2.1.Consumer Electronics |
10.2.2.Displays |
10.2.3.Safety & Defense Technology |
10.2.4.Communication |
10.2.5.Metrology |
10.2.6.Sensing |
10.2.7.Medical & Healthcare |
10.2.8.High-Performance Computing |
10.2.9.Others |
10.3. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.3.1.China |
10.3.2.India |
10.3.3.Australia and New Zealand (ANZ) |
10.3.4.Japan |
10.3.5.Rest of APAC |
11.Middle East and Africa (MEA) Photonics Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
11.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.1.1.Waveguides |
11.1.2.Optical Modulators |
11.1.3.Optical Interconnects |
11.1.4.LED |
11.1.5.Wavelength Division |
11.1.6.Multiplexer Filters |
11.1.7.Photo Detectors |
11.1.8.Lasers |
11.1.9.Amplifiers |
11.1.10.Others |
11.2. Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.2.1.Consumer Electronics |
11.2.2.Displays |
11.2.3.Safety & Defense Technology |
11.2.4.Communication |
11.2.5.Metrology |
11.2.6.Sensing |
11.2.7.Medical & Healthcare |
11.2.8.High-Performance Computing |
11.2.9.Others |
11.3. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.3.1.GCC Countries |
11.3.2.South Africa |
11.3.3.Rest of MEA |
12.Latin America Photonics Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
12.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.1.1.Waveguides |
12.1.2.Optical Modulators |
12.1.3.Optical Interconnects |
12.1.4.LED |
12.1.5.Wavelength Division |
12.1.6.Multiplexer Filters |
12.1.7.Photo Detectors |
12.1.8.Lasers |
12.1.9.Amplifiers |
12.1.10.Others |
12.2. Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.2.1.Consumer Electronics |
12.2.2.Displays |
12.2.3.Safety & Defense Technology |
12.2.4.Communication |
12.2.5.Metrology |
12.2.6.Sensing |
12.2.7.Medical & Healthcare |
12.2.8.High-Performance Computing |
12.2.9.Others |
12.3. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.3.1.Brazil |
12.3.2.Mexico |
12.3.3.Rest of LA |
13. Competition Landscape |
13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
13.2.1.Hamamatsu Photonics KK |
13.2.2.Intel Corporation |
13.2.3.Polatis Photonics Inc. |
13.2.4.Alcatel-Lucent SA |
13.2.5.Molex Inc |
13.2.6.Infinera Corporation |
13.2.7.NEC Corporation |
13.2.8.Innolume GmbH |
13.2.9.Finisar Corporation |
13.2.10.IPG Photonics |
13.2.11.Osram Licht AG |
13.2.12.Philips Photonics |
13.2.13.Photonics SAS |
13.2.14.Schott AG |
13.2.15.Carl Zeiss AG |
14. Research Methodology |
15. Appendix and Abbreviations |