Photonics Market : Global Market Estimation, Dynamics, Trends, Competitor Analysis 2015-2020 and Forecast 2021-2027

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Photonics Market Analysis By Application (Consumer Electronics, Metrology, Displays, Safety & Defense Technology, Communication, Sensing, High-performance Computing, Medical & Healthcare,), by Product (Waveguides, Optical Modulators, LEDs, Amplifier, Optical Interconnects Wavelength Division Multiplexer Filters, Photo Detectors, Lasers,), And Segment Forecasts To 2026

 

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Description

The global photonics market was valued at USD 589.82 billion in the year 2020 and is anticipated to grow at USD 1019.77 billion till 2026, witnessing a CAGR of around 7.14% during the forecast period from 2020 to 2026

Global Photonics Market Overview

 

Photonics involves the utilization of radiant energy in which the essential elements such as waves and photos are used for treating illnesses, solving crimes and exploring the universe. Introduction of electricity and developments in the fiber optics field are the boosting and stimulating factors of photonics market. Photonics are hugely utilized in the consumer electronics industry since it can transmit the signals ten times earlier as compared to electrical signals. The huge use of photonics is seen in information technology applications for increasing the communication network speed. Increasing demand for handheld devices like tablets and smartphones results into extensive use of photonic devices in the industry like consumer electronics. In addition, photonics are widely utilized in system applications for transmitting the data via fiber optics at higher speed. Information technology is projected to grow at US$ 349.83 Bn till 2030 recording high CAGR of 8.33% during the prediction period.

 

Global Photonics Market: Dynamics

 

Photonics is the process involves creating, controlling and noticing photons. Photon is used in the photonics application similarly the electronic applications make use of electron. Hence, devices which run on light have several benefits over the electricity use. Hence, data transmitted through photonics is able to travel long distances in small part of the time. The boosting factor for the photonics market is silicon-based photonics application. Technological developments in light-based equipments are impelling the new innovation wave by offering best solutions to global confronts, which serve as prominent booming factor for the global photonics market. Hybrid silicon lasers are utilized in data center applications to give the huge benefit of light-emitting assets of III-V semiconductor materials. On the other hand, because of high price of applications of photonics products, a huge challenge can come in the photonics market.

 

Global Photonics Market: Segmentation

 

Photonics Market Segmentation on the Basis of Application

 

  • Defense & Security
  • Photovoltaic
  • Measurement & Image Processing
  • Display
  • Lighting
  • Information Technology
  • Communication
  • Optical Components & Systems
  • Production Technology

 

Photonics Market Segmentation on the Basis of Type

 

  • Optical Communication Systems & Components
  • LED
  • Laser, Sensor, Detectors & Imaging Devices
  • Others

 

Photonics Market Segmentation on the Basis of End-use Industry

 

  • Medical
  • Industrial
  • Defense
  • Consumer Electronics
  • Media & Telecommunication
  • Others

 

Photonics Market Segmentation on the Basis of Region

 

  • North America
    • S.
    • Canada
    • Rest of North America
  • Europe
    • K.
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific (APAC)
    • Japan
    • China
    • India
    • Rest of Asia Pacific
  • Middle East & Africa (MEA)
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America

 

Asia Pacific occupies the huge market share due to the presence of rising countries such as India and China. The photonics market is booming in the region due to the encouraging government proposals and the accessibility of low-priced workforce. China becomes a leader in manufacturing smartphones and consumer electronics like lighting products and flat panel displays and this will made China to become the prominent in the market.

 

Global Photonics Market – Competitive Analysis

 

There are a number of major key players operating in the global photonics market, which follow efficient strategies like joint ventures, expansions, acquisitions, mew product launches, partnerships agreements to make place in the market. A few of the major key players working in the market are:

 

  • Hamamatsu Photonics KK
  • Intel Corporation
  • Alcatel-Lucent SA,

 


Location

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