Photonics market

Dinesh Patel
SEO Analyst
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Global Photonics Market is estimated to reach $930 Billion by 2024; growing at a CAGR of 6.5%
from 2016 to 2024. Photonics is the science and technology of generating, detecting, and
controlling photons, which are particles of light. The features of the photons and waves can be
used to cure diseases, explore universe, and even solve crimes. Photonics discovers a
widespread variety of wavelengths, ranging from gamma rays to radio, including UV, X-rays, and
infrared light. Photonics is viewed as one of the key enabling technologies in the past, leading to
the growth of new products and services with considerable economic benefits. Other useful
applications of photonics include transmission, modulation, switching, signal processing, and
sensing.
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The growth of global photonics market is primarily driven by increased demand from
applications such as displays, need for energy efficient products, and increased adoption of
photonics products in numerous application. Also, rising application of photonics in medical
technology and life sciences, information and communication technology have boosted the
market growth. Besides, high cost of photonics products and services, and strict
environmental guidelines have acted as the major hindrances for the growth of the market.
Moreover, continuous R&D coupled with advancement in technology, and photonics used in
the manufacturing of consumer electronics is expected to generate various growth
opportunities in the market in the coming future.
The global photonics market is mainly classified on the basis of product, application, and
geography. By product, the market is segmented into waveguides, optical modulators, optical
interconnects, LED, wavelength division multiplexer filters, photo detectors, lasers, amplifiers,
and other products. The application segment includes consumer electronics, displays, safety
and defense technology, communication, metrology, sensing, medical and healthcare, high
performance computing, and other applications.
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Based on geography, photonics market is segmented into North America, Europe, Asia-Pacific, and Rest
of the World (RoW). North America is further bifurcated in U.S., Canada, and Mexico whereas Europe
consists of UK, Russia, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India,
China, Japan, South Korea and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle
East, and Africa.

 Royal Philips N.V.
 Nikon Corporation
 Corning Incorporated
 Shin-Etsu Chemical Company Limited
 Schott AG, American Elements
 Asahi Glass Company Limited
 Ohara Inc.
 Hoya Corporation
 II-VI Inc.

 The report will provide detailed analysis of Global Photonics Market with respect to major
segments such as product, application, and geography
 The report will include the qualitative and quantitative analysis with market estimation over
2015 – 2024 and compound annual growth rate (CAGR) between 2016 and 2024
 Comprehensive analysis of market dynamics including factors and opportunities will be
provided in the report
 An exhaustive regional analysis of Global Photonics Market has been included in the
report
 Profile of the key players in the Global Photonics Market will be provided, which include
key financials, product & services, new developments and business strategies

Product Segment
 Waveguides
 Optical Modulators
 Optical Interconnects
 LED
 Wavelength Division Multiplexer Filters
 Photo Detectors
 Lasers
 Amplifiers
 Other Products
Application Segments
 Consumer Electronics
 Displays
 Safety and Defense Technology
 Communication
 Metrology
 Sensing
 Medical and Healthcare
 High Performance Computing
 Other Applications

Chapter 1 Prefix
1.1 Market Scope
1.2 Report Description
1.3 Research Methodology
1.3.1 Primary Research
1.3.2 Secondary Research
1.3.3 In-house Data Modeling
Chapter 2 Executive Summary
2.1 Global Photonics Market Year-on-Year Growth, 2016 – 2024 (%)

Chapter 3 Market Outline
3.1 Market Inclination, Trend, Outlook and Viewpoint
3.2 Market Share Analysis: Company’s Competitive Scenario
3.3 Market Dynamics
3.3.1 Drivers
3.3.1.1 Impact Analysis
3.3.2 Restraints
3.3.2.1 Impact Analysis
3.3.3 Opportunities
………………………….

Chapter 7 Company Profiles
7.1 Royal Philips N.V.
7.2 Nikon Corporation
7.3 Corning Incorporated
7.4 Shin-Etsu Chemical Company Limited
7.5 Schott AG
7.6 American Elements
7.7 Asahi Glass Company Limited
7.8 Ohara Inc.
7.9 Hoya Corporation
7.10 II-VI Inc.

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Photonics market

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