Global Photonics Market Growth (Status and Outlook) 2023-2029

Global Photonics Market Growth (Status and Outlook) 2023-2029

Product Code:455053

Published Date: Feb 08,2023

Pages: 100

Region: Global

Category: Electronics & Semiconductor

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Photonics is one of the fastest growing high-tech industries in the world today. It includes optical communications (e.g., fiber optics, lasers, and infrared links), optical imaging (e.g., spy and weather satellites, night vision, holography, flat screen display, and CCD video cameras), optical data storage and optical computing (e.g., CD’s and DVD’s), optical detectors (e.g., supermarket scanners, medical optics, and nondestructive evaluation of materials), lasers (e.g., welding lasers, laser surgery, laser shows, and laser rangefinders), spectroscopy (e.g., chemical and biological detection, anti-terror detection) and quantum optics (e.g., quantum teleportation, quantum cryptography, and single-photon optics).

LPI (LP Information)' newest research report, the “Photonics Industry Forecast” looks at past sales and reviews total world Photonics sales in 2022, providing a comprehensive analysis by region and market sector of projected Photonics sales for 2023 through 2029. With Photonics sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Photonics industry.

This Insight Report provides a comprehensive analysis of the global Photonics landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Photonics portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Photonics market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Photonics and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Photonics.

The global Photonics market size is projected to grow from US$ 647380 million in 2022 to US$ 1022190 million in 2029; it is expected to grow at a CAGR of 6.7% from 2023 to 2029.

The major players in global Photonics market include Coherent, IPG Photonics, Finisar Corporation, etc., and the market concentration rate is low. Asia-Pacific and North America are main markets, they occupy about 80% of the global market. Lasers is the main type, with a share about 30%. Displays is the main application, which holds a share about 20%.

This report presents a comprehensive overview, market shares, and growth opportunities of Photonics market by product type, application, key players and key regions and countries.

Market Segmentation:
Segmentation by type
    Lasers
    Waveguides
    Optical Modulators
    Optical Interconnects
    Filters
    Photo Detectors
    Amplifiers
    Others

Segmentation by application
    Consumer Electronics
    Displays
    Safety & Defense Technology
    Communication
    Metrology
    Sensing
    Medical & Healthcare
    High-performance Computing
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Coherent, Inc
    IPG Photonics
    Finisar Corporation
    Hamamatsu Photonics
    Lumentum
    II-VI Incorporated
    Infinera Corporation
    NeoPhotonics
    Luxtera, Inc
    3SP Technologies
    Innolume GmbH
    Genia Photonics, Inc
    Redfern Integrated Optics