Photonics Market: By Product (Waveguides, Optical Modulators, Optical Interconnects, LED, Wavelength Division, Multiplexer Filters, Photo Detectors, Lasers, Amplifiers, and Others), By Application (Consumer, Electronics, Displays, Safety and defense Technology, Communication, Metrology, Sensing, Medical & Healthcare, High-Performance Computing, and Others), and Geography  

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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.

Photonics Market Key Developments:
  • In January 2021 - Machine learning will benefit from the development of light-carrying chips. Researchers at the University of Muenster are developing innovative methodologies and process architectures to deal with these challenges in a highly efficient manner, collaborating with an international team. They have now demonstrated that so-called photonic processors, in which data is processed using light, may process information even faster and in parallel, which electronic chips are incapable of achieving.
  • In April 2019 - TRUMPF completed the acquisition of Philips' photonics division. Laser diodes from Philips Photonics are utilized in smartphones, digital data transmission applications, and sensors for autonomous driving. TRUMPF Photonics Components was formed because of the acquisition. TRUMPF will get access to a new market segment due to the acquisition, which will complement its current high-power diode laser business.

Photonics Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

7.14%

Largest Market

Asia Pacific

Fastest Growing Market

North America
Photonics Market Dynamics

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.

Key Features of the Reports

  • The photonics market report provides granular level information about market size, regional market share, historic market (2018-2022), and forecast (2023-2029).
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market.
  • The report tracks recent innovations, key developments and start-up details that are actively working in the market.
  • The report provides plethora of information about market entry strategies

Photonics Market Segmentation

By Product Type
  • Waveguides
  • Optical Modulators
  • Optical Interconnects
  • LED
  • Wavelength Division
  • Multiplexer Filters
  • Photo Detectors
  • Lasers
  • Amplifiers
  • Others
By Application
  • Consumer Electronics
  • Displays
  • Safety & Defense Technology
  • Communication
  • Metrology
  • Sensing
  • Medical & Healthcare
  • High-Performance Computing
  • Others
By Geography
  • North America
  • Latin America
  • Europe
  • Asia Pacifia
  • Middle East and Africa

Frequently Asked Questions

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 
  • Hamamatsu Photonics KK
  • Intel Corporation
  • Polatis Photonics Inc.
  • Alcatel-Lucent SA
  • Molex Inc
  • Infinera Corporation
  • NEC Corporation
  • Innolume GmbH
  • Finisar Corporation
  • IPG Photonics
  • Osram Licht AG
  • Philips Photonics
  • Photonics SAS
  • Schott AG
  • Carl Zeiss AG

Adjacent Markets