The industry encompasses a broad scope of applications based on photonic-based products, which are anticipated to drive the dynamic emergence of new economic activities in the potential markets.

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Photonics market size is expected to reach USD 979.90 billion
by 2024
The global photonics market size is expected to reach USD 979.90 billion by
2024,according to a new report by Grand View Research,Inc. The prospects for
market growth can be attributed to rapid innovations in the industry for the
developmentof technologically-enhanced products and related services,as well as
growing opportunities for the new market development.
Photonics is regarded as one of the Key Enabling Technologies (KETs) in the recent
past, leading to the developmentof new products and services with substantial
economic benefits.The broad diversity of devices with photonic-basedcomponents is
expected to impact the global demand for this technology positively. Photonics is a
technologically advanced field, being at the forefrontof innovation and R&D and is thus
presumed to incorporate substantial growth prospectsover the forecastperiod.
“The industry encompasses a broad scope of applicationsbased on photonic-based
products, which areanticipated to drivethedynamic emergence of new economic
activitiesin the potential markets. The emergence of green and sustainable
photonic-based solutions, such as Photovoltaic (PV) solar cells, is envisioned to drive
the industry over the forecast period, owing to the increasing support by both local
governmentsand consumers.”

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Further Key Findings from the Study Suggest:
 Light Emitting Diodes (LEDs)accounted for approximately 10% of the overall
market share in 2015 and are presumed to grow at a considerable rate over the
forecastperiod owing to the introduction of new legislations and policies
worldwide to boostthe adoption of highly efficientand renewable energy devices.
LEDs are energy-efficient,high-performance,and environment-friendly
alternatives to traditional light bulbs. Further developments alongside organic and
inorganic LEDs,such as light emitting nanowires and quantum dots, and large
areas light-emitting plastics, are presumed to boostthe demand over the next
eight years.
 Lasers are anticipated to witness a substantial growth over the forecastperiod,
growing at an estimated CAGR of over 7% from 2016 to 2024.The growth in this
segmentcan be primarily attributed to rapid developments in the industry to
incorporate miniature laser projectionunits as a light source in next-generation
pico-projectors.Lasers are being increasingly used in the productionof textiles
and clothing as well as fine chemicals and pharmaceuticals.
 Displays are anticipated to emerge as a predominant application segmentover
the next eight years owing to increasing developments of sharper, better color,
energy-efficient,cheaper, and thin display devices.The increasing adoption of
flexible displays, miniaturized displays, holographic displays,enhanced touch,
and motion feedbackdisplays are anticipated to lead to new product
developmentand enhancement of existing products.
 In terms of revenue, North America dominated the global photonics market in
2015 and is expected to retain its dominance over the forecastperiod.The
demand in this region is mainly driven by the increasing adoption of advanced

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technologies.The U.S. is presumed to encompasssignificant investments in the
form of public spending and governmentfunding for the R&D of photonic-enabled
technologies.Europe is presumed to witness a considerable growth over the
forecastperiod,owing to the growing establishment of researchfacilities for
further developmentof thistechnology.
Table of contentof globalICP monitoringdevicesmarketresearch report:
Chapter 1. Methodology and Scope
1.1. Researchmethodology
1.2. Researchscope and assumptions
1.3. List of data sources
Chapter 2. Executive Summary
2.1. Photonics - Industry snapshot and key buying criteria, 2015 & 2024
Chapter 3. Photonics Industry Outlook
3.1. Market segmentation
3.2. Market size and growth prospects
3.3. Photonics value chain analysis
3.4. Photonics market dynamics
3.4.1. Market driver analysis
3.4.1.1. Increasing demand for high-speed and energy-efficient
electronic data interconnect
3.4.1.2. Increasing volume of data transfer
3.4.2. Market restraint analysis
3.4.2.1. Risk associated with thermal effect
3.5. Key opportunities prioritized
3.6. Industry analysis - Porter's
3.7. Photonics market PESTEL analysis,2015

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Chapter 4. Photonics ProductOutlook
4.1. Photonics market share, by product,2015& 2024
4.2. Waveguides
4.2.1. Global market estimates and forecasts,2012 - 2024 (USD
Million)
4.3. Optical modulators
4.3.1. Global market estimates and forecasts,2012 - 2024 (USD
Million)
4.4. Optical interconnects
4.4.1. Global market estimates and forecasts,2012 - 2024 (USD
Million)
4.5. LED
4.5.1. Global market estimates and forecasts,2012 - 2024 (USD
Million)
4.6. WDM filters
4.6.1. Global market estimates and forecasts,2012 - 2024 (USD
Million)
4.7. Photo detectors
4.7.1. Global market estimates and forecasts,2012 - 2024 (USD
Million)
4.8. Lasers
4.8.1. Global market estimates and forecasts,2012 - 2024 (USD
Million)
4.9. Amplifiers
4.9.1. Global market estimates and forecasts,2012 - 2024 (USD
Million)
4.10. Others

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4.10.1.Global market estimates and forecasts,(USD Million), 2015 – 2024
Chapter 5. Photonics Application Outlook
5.1. Photonics market share, by application, 2015 & 2024
5.2. Consumer electronics
5.2.1. Global market estimates and forecasts,2015 - 2024 (USD
Billion)
5.3. Displays
5.3.1. Global market estimates and forecasts,2015 - 2024 (USD
Billion)
5.4. Safety and defensetechnology
5.4.1. Global market estimates and forecasts,2015 - 2024 (USD
Billion)
5.5. Communication
5.5.1. Global market estimates and forecasts,2015 - 2024 (USD
Billion)
5.6. Metrology
5.6.1. Global market estimates and forecasts,2015 - 2024 (USD
Billion)
5.7. Sensing
5.7.1. Global market estimates and forecasts,2015 - 2024 (USD
Billion)
5.8. Medical and healthcare
5.8.1. Global market estimates and forecasts,2015 - 2024 (USD
Billion)
5.9. High-performance computing

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5.9.1. Global market estimates and forecasts,2015 - 2024 (USD
Billion)
5.10. Others
5.10.1.Global market estimates and forecasts,2015 - 2024 (USD
Billion)
Chapter 6. Photonics RegionalOutlook
6.1. Photonics market share, by region, 2015 & 2024
6.2. North America
6.2.1. North America market by product,2015 - 2024 (USD Billion)
6.2.2. North America market by application, 2015 - 2024 (USD Billion)
6.3. Europe
6.3.1. Europe market by product,2015 - 2024 (USD Billion)
6.3.2. Europe market by application, 2015 - 2024 (USD Billion)
6.4. Asia Pacific
6.4.1. Asia Pacific market by product, 2015 - 2024 (USD Billion)
6.4.2. Asia Pacific market by application, 2015 - 2024 (USD Billion)
6.5. RoW
6.5.1. Latin Americamarket by product,2015 - 2024 (USD Billion)
6.5.2. Latin Americamarket by application, 2015 - 2024 (USD Billion)

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Detailed ResearchReportavailable at:
http://www.grandviewresearch.com/industry-analysis/photonics-market
About Grand View Research,Inc.:
Grand View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.The company
provides syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, the company offers
market intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and energy.
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