The Photonics Market research report provides a detailed analysis of diverse segments across 6 regions and 25 countries including Type (LED, Lasers, Detectors, Sensors, and Imaging Devices, Optical Communication Systems and Components, Consumer Electronics, Others), Application (Surveying and Detection, Production Technology, Data Communication, Image Capture and Display, Medical Technology, Lighting, Others), End-User (Building and Construction, Media and Telecommunications, Consumer and Business Automation, Medical, Industrial, Others).
Productivity, technology enablement, and sustainability remain the key market driving forces in the global Photonics industry landscape. Companies that invest in that supply chain and operational resiliency are poised to gain competitive edge over other market players. The global energy investments are set to increase from around $1,652 Billion in 2024 to $2845 Billion in 2040. As the world is making steady progress towards net zero, energy security, affordability, and industrial competitiveness remain key focus areas of most Photonics companies. The Photonics demand trajectory varies based on multiple scenarios, from macroeconomic conditions, regulatory support, investment scenario, and the global landscape. Decision makers across PHOTONICS industry value chain formulating long-term transition strategies with diverse range of future scenarios are likely to stay ahead of the competition curve.
The photonics landscape is witnessing dynamic trends driven by technological leaps and evolving applications. Notably, rapid advancements in photonics technologies, particularly in lasers, optics, and related systems, are fostering more compact and efficient devices. This trend aligns with the surging demand for high-speed data transmission, especially in telecommunications and data centers, propelling the photonics market's growth. Moreover, photonics' impact extends to healthcare, where it plays a pivotal role in medical imaging and diagnostics, revolutionizing procedures in fields like endoscopy and ophthalmology. Additionally, the integration of photonics in manufacturing processes, including precision engineering and 3D printing, signifies a transformative shift, enhancing productivity and efficiency across industries.
The photonics market is primarily driven by the escalating need for high-speed internet and data transmission, fueling demand for photonics-based communication technologies, notably in telecommunication infrastructure and data centers. Healthcare innovations heavily reliant on photonics for imaging and diagnostics contribute significantly to market growth, driven by a rising demand for minimally invasive medical procedures and precision medicine. Furthermore, the integration of photonics in Industry 4.0 technologies, such as robotics and machine vision, and its role in renewable energy solutions like solar cells and LED lighting, are key drivers propelling the expansion of photonics applications. Continuous investments in research and development further stimulate innovations, fostering the widespread adoption of photonics across diverse industries.
Photonics refers to the science and technology of generating, manipulating, and detecting photons, which are particles of light. It encompasses the study and application of light, typically in the form of photons, for various purposes such as communication, sensing, imaging, and other applications. Photonics involves the utilization of optical materials and devices to control and harness light for diverse technological advancements, including but not limited to telecommunications, laser technology, medical instrumentation, information processing, and sensing systems. It integrates principles from physics, optics, electrical engineering, materials science, and other disciplines to develop innovative solutions leveraging the unique properties of light particles for practical applications.
Type
• LED
• Lasers, Detectors, Sensors, and Imaging Devices
• Optical Communication Systems and Components
• Consumer Electronics
• Others
Application
• Surveying and Detection
• Production Technology
• Data Communication
• Image Capture and Display
• Medical Technology
• Lighting
• Others
End-User
• Building and Construction
• Media and Telecommunications
• Consumer and Business Automation
• Medical
• Industrial
• Others
• Koninklijke Philips N.V.
• Schott AG
• Nikon Corporation
• Shin-Etsu Chemical Co., Ltd.
• Hoya Corporation
• Corning Incorporated
• AGC Inc. (Asahi Glass Company)
• II-VI Incorporated
• Ohara Inc.
• American Elements Corporation
• Innolume GmbH
• Infinera Corporation
• Finisar Corporation
• Deepen your industry insights and navigate uncertainties for strategy formulation, CAPEX, and Operational decisions
• Gain access to detailed insights on the Photonics market, encompassing current market size, growth trends, and forecasts till 2030.
• Access detailed competitor analysis, enabling competitive advantage through a thorough understanding of market players, strategies, and potential differentiation opportunities
• Stay ahead of the curve with insights on technological advancements, innovations, and upcoming trends
• Identify lucrative investment avenues and expansion opportunities within the Photonics industry, guided by robust, data-backed analysis.
• Understand regional and global markets through country-wise analysis, regional market potential, regulatory nuances, and dynamics
• Execute strategies with confidence and speed through information, analytics, and insights on the industry value chain
• Corporate leaders, strategists, financial experts, shareholders, asset managers, and governmental representatives can make long-term planning scenarios and build an integrated and timely understanding of market dynamics
• Benefit from tailored solutions and expert consultation based on report insights, providing personalized strategies aligned with specific business needs.
TABLE OF CONTENTS
1 INTRODUCTION TO 2024 Photonics MARKETS
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Analyzed
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain
2 RESEARCH METHODOLOGY
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations
3 EXECUTIVE SUMMARY
3.1 Global Photonics Market Size Outlook, $ Million, 2021 to 2030
3.2 Photonics Market Outlook by Type, $ Million, 2021 to 2030
3.3 Photonics Market Outlook by Product, $ Million, 2021 to 2030
3.4 Photonics Market Outlook by Application, $ Million, 2021 to 2030
3.5 Photonics Market Outlook by Key Countries, $ Million, 2021 to 2030
4 MARKET DYNAMICS
4.1 Key Driving Forces of Photonics Industry
4.2 Key Market Trends in Photonics Industry
4.3 Potential Opportunities in Photonics Industry
4.4 Key Challenges in Photonics Industry
5 MARKET FACTOR ANALYSIS
5.1 Competitive Landscape
5.1.1 Global Photonics Market Share by Company
5.1.2 Product Offerings by Company
5.2 Porter’s Five Forces Analysis
6 GROWTH OUTLOOK ACROSS SCENARIOS
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts
7 GLOBAL Photonics MARKET OUTLOOK BY SEGMENTS
7.1 Photonics Market Outlook by Segments
Type
- LED
- Lasers, Detectors, Sensors, and Imaging Devices
- Optical Communication Systems and Components
- Consumer Electronics
- Others
Application
- Surveying and Detection
- Production Technology
- Data Communication
- Image Capture and Display
- Medical Technology
- Lighting
- Others
End-User
- Building and Construction
- Media and Telecommunications
- Consumer and Business Automation
- Medical
- Industrial
- Others
8 NORTH AMERICA Photonics MARKET ANALYSIS AND OUTLOOK TO 2030
8.1 Introduction to North America Photonics Markets in 2024
8.2 North America Photonics Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Photonics Market size Outlook by Segments, 2021-2030
Type
- LED
- Lasers, Detectors, Sensors, and Imaging Devices
- Optical Communication Systems and Components
- Consumer Electronics
- Others
Application
- Surveying and Detection
- Production Technology
- Data Communication
- Image Capture and Display
- Medical Technology
- Lighting
- Others
End-User
- Building and Construction
- Media and Telecommunications
- Consumer and Business Automation
- Medical
- Industrial
- Others
9 EUROPE Photonics MARKET ANALYSIS AND OUTLOOK TO 2030
9.1 Introduction to Europe Photonics Markets in 2024
9.2 Europe Photonics Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Photonics Market size Outlook by Segments, 2021-2030
Type
- LED
- Lasers, Detectors, Sensors, and Imaging Devices
- Optical Communication Systems and Components
- Consumer Electronics
- Others
Application
- Surveying and Detection
- Production Technology
- Data Communication
- Image Capture and Display
- Medical Technology
- Lighting
- Others
End-User
- Building and Construction
- Media and Telecommunications
- Consumer and Business Automation
- Medical
- Industrial
- Others
10 ASIA PACIFIC Photonics MARKET ANALYSIS AND OUTLOOK TO 2030
10.1 Introduction to Asia Pacific Photonics Markets in 2024
10.2 Asia Pacific Photonics Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Photonics Market size Outlook by Segments, 2021-2030
Type
- LED
- Lasers, Detectors, Sensors, and Imaging Devices
- Optical Communication Systems and Components
- Consumer Electronics
- Others
Application
- Surveying and Detection
- Production Technology
- Data Communication
- Image Capture and Display
- Medical Technology
- Lighting
- Others
End-User
- Building and Construction
- Media and Telecommunications
- Consumer and Business Automation
- Medical
- Industrial
- Others
11 SOUTH AMERICA Photonics MARKET ANALYSIS AND OUTLOOK TO 2030
11.1 Introduction to South America Photonics Markets in 2024
11.2 South America Photonics Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Photonics Market size Outlook by Segments, 2021-2030
Type
- LED
- Lasers, Detectors, Sensors, and Imaging Devices
- Optical Communication Systems and Components
- Consumer Electronics
- Others
Application
- Surveying and Detection
- Production Technology
- Data Communication
- Image Capture and Display
- Medical Technology
- Lighting
- Others
End-User
- Building and Construction
- Media and Telecommunications
- Consumer and Business Automation
- Medical
- Industrial
- Others
12 MIDDLE EAST AND AFRICA Photonics MARKET ANALYSIS AND OUTLOOK TO 2030
12.1 Introduction to Middle East and Africa Photonics Markets in 2024
12.2 Middle East and Africa Photonics Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Photonics Market size Outlook by Segments, 2021-2030
Type
- LED
- Lasers, Detectors, Sensors, and Imaging Devices
- Optical Communication Systems and Components
- Consumer Electronics
- Others
Application
- Surveying and Detection
- Production Technology
- Data Communication
- Image Capture and Display
- Medical Technology
- Lighting
- Others
End-User
- Building and Construction
- Media and Telecommunications
- Consumer and Business Automation
- Medical
- Industrial
- Others
13 COMPANY PROFILES
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
List of Companies
- Koninklijke Philips N.V.
- Schott AG
- Nikon Corporation
- Shin-Etsu Chemical Co., Ltd.
- Hoya Corporation
- Corning Incorporated
- AGC Inc. (Asahi Glass Company)
- II-VI Incorporated
- Ohara Inc.
- American Elements Corporation
- Innolume GmbH
- Infinera Corporation
- Finisar Corporation
14 APPENDIX
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise
Type
• LED
• Lasers, Detectors, Sensors, and Imaging Devices
• Optical Communication Systems and Components
• Consumer Electronics
• Others
Application
• Surveying and Detection
• Production Technology
• Data Communication
• Image Capture and Display
• Medical Technology
• Lighting
• Others
End-User
• Building and Construction
• Media and Telecommunications
• Consumer and Business Automation
• Medical
• Industrial
• Others
The global Photonics Market is one of the lucrative growth markets, poised to register a 7.8% growth (CAGR) between 2024 and 2030.
Emerging Markets across Asia Pacific, Europe, and Americas present robust growth prospects.
Koninklijke Philips N.V., Schott AG, Nikon Corporation, Shin-Etsu Chemical Co., Ltd., Hoya Corporation, Corning Incorporated, AGC Inc. (Asahi Glass Company), II-VI Incorporated, Ohara Inc., American Elements Corporation, Innolume GmbH, Infinera Corporation, Finisar Corporation
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2030; Currency: USD; Volume