Global Photonics
Market Report
2024
The global Photonics market size is USD 810 billion in 2024. The Photonics market will show strongest growth with a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031. This growth can be attributed to initiatives for smart cities in poor nations.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Photonics market size is USD 810 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Photonics Market Sales Revenue 2024 | $ 810 Billion |
Global Photonics Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 7.2% |
Market Drivers: Trends for working and studying from home is anticipated to drive the Photonics market's expansion in the years ahead. | |
Market Restrains:
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Market Split by Type |
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Market Split by Application |
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Market Split by End use industry |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Photonics industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Photonics Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Photonics also referred to the study of radiant energy, or light, whose basic components are photons and waves, which are used to investigate the universe, treat illnesses, and even solve crimes. It deals with the creation, modification, transmission, detection, and application of electromagnetic radiation, including light. It is well recognized as a key enabling technology for creating intelligent systems that use energy effectively without compromising the overall performance of the system.The primary applications of photonics are in light generation, which includes light emission, transmission, amplification, detection, and modulation. Throughout the anticipated period, the growing application of photonics-enabled devices in the information and communication, industrial production, and healthcare sectors will drive the global market.
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In March 2024, With the help of VLC Photonics, a division of Hitachi, design and testing services for photonic integrated circuits (PICs) development were provided utilizing the OpenLight process design kit (PDK). Because of this, OpenLight is now able to support more designs on the Tower Semiconductor PH18DA process, which is propelling improvements in the silicon photonics industry across a range of applications and market segments. (Source:https://www.vlcphotonics.com/vlc-photonics-openlight/)
Top Companies Market Share in Photonics Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominated the market in 2024 because of the presence of IT giants like Microsoft and Facebook, who need to optimize data processing and transmission for their numerous data centers. Two key components of contemporary computer systems—high-speed data processing and transfer—can be significantly enhanced by photonics.
Asia-Pacific stands out as the fastest-growing region in the Photonics market because of the region's first mover advantage and growing share of innovations and R&D. The industry is anticipated to rise as a result of this product's increasing use in the creation of next-generation integrated electronics that are quicker and more effective.
The current report Scope analyzes Photonics Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Photonics Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Photonics Industry growth. Photonics market has been segmented with the help of its Type, Application End use industry, and others. Photonics market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on present and future trends, the market size is estimated from 2019 to 2031. Moreover, study also provides quantitative and qualitative analysis of each type to understand the driving factors for the fastest growing type segment for Photonics market.
Type of Photonics analyzed in this report are as follows:
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According to cognitive market research, Display is the dominant category because of its wide range of applications, which includes biosources, discrete and integrated optical components, photovoltaic and solar cells, supercontinuum sources and lasers, image sensors, optical fibers, and LEDs. By adjusting the flow of the incident light source, photonics-based components are used in displays to produce improved light beams and energy efficiency.
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Senior Research Analyst at Cognitive Market Research
ResearchGate Profile: https://www.researchgate.net/profile/Kalyani-Raje
An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.
With a work experience of over 10+ years in the market research and strategy development. I have worked with diverse industries, including FMCG, IT, Telecom, Automotive, Electronics and many others. I also work closely with other departments such as sales, product development, and marketing to understand customer needs and preferences, and develop strategies to meet those needs.
I am committed to staying ahead in the rapidly evolving field of research and analysis. This involves regularly attending conferences, participating in webinars, and pursuing additional certifications to enhance my skill set. I played a crucial role in conducting market research and competitive analysis. I have a proven track record of distilling complex datasets into clear, concise reports that have guided key business initiatives. Collaborating closely with multidisciplinary teams, I contributed to the development of innovative solutions grounded in thorough research and analysis.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Photonics Market is witnessing significant growth in the near future.
In 2023, the LED segment accounted for noticeable share of global Photonics Market and is projected to experience significant growth in the near future.
The Displays segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies TRUMPF (Ditzingen , Hamamatsu Photonics K.K. (Hamamatsu-city and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | LED, Lasers, Detectors, Sensors, and Imaging devices, Optical Communication Systems & Components, Consumer Electronics & Devices |
Application | Displays, Information & communication technology, Photovoltaic, Medical Technology & Life sciences (Biophotonics), Measurement & automated vision, Lighting, Production Technology |
End use industry | Building & Construction, Media, Broadcasting and Telecommunication, Consumer & business automation, Medical, Safety & defense, Industrial |
List of Competitors | TRUMPF (Ditzingen, Germany), Hamamatsu Photonics K.K. (Hamamatsu-city, Japan), IPG Photonics Corporation (Massachusetts, U.S.), Molex (Illinois, U.S.), Innolume (Dortmund, Germany), II-VI Incorporated (Pennsylvania, U.S.), NeoPhotonics Corporation (California, U.S.), One Silicon Chip Photonics Inc. (Montreal, Canada), NKT Photonics A/S (Birkerød, Denmark), AIO CORE (Tokyo, Japan), SICOYA GMBH (Berlin, Germany), RANOVUS (Ontario, Canada) |
This chapter will help you gain GLOBAL Market Analysis of Photonics. Further deep in this chapter, you will be able to review Global Photonics Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by End use industry Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Photonics market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why LED have a significant impact on Photonics market? |
What are the key factors affecting the LED and Lasers of Photonics Market? |
What is the CAGR/Growth Rate of Displays during the forecast period? |
By type, which segment accounted for largest share of the global Photonics Market? |
Which region is expected to dominate the global Photonics Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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