Stratview Research has published a report on the Photonics Market Segmented by Product Type (LED, Lasers, Detectors, and Sensors & Imaging Devices, Optical Communication Systems & Components, Consumer Electronics & Devices, and Others), by Application Type (Display, Information & Communication Technology, Photovoltaic, Medical Technology & Life Sciences, Measurement & Automated Vision, Lighting, Production Technology, and Others), by End-Use Industry Type (Building & Construction, Media, Broadcasting & Telecommunication, Consumer & Business Automation, Medical, Security & Defense, Industrial, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

According to the presented report, the photonics market was estimated at USD 615 billion in 2021 and is likely to grow at a CAGR of 7.07% during 2022-2028 to reach USD 993.56 billion in 2028.

The demand for photonics is growing due to the increasing penetration of photonic products in different applications and the need for energy-efficient products to conserve energy.

Photonics is the technology of light generation detection and manipulation through transmission, emission, modulation, switching, amplification, signal processing, and sensing. ‘Photonics’, the word has been derived from the Greek word "phos" meaning light. The application of photonics is everywhere, including in all areas from the most advanced science to everyday life, such as light detection, information processing, lighting, spectroscopy, photonic computing, telecommunications, and metrology.

What else are available in this report?

The answer lies in the TOC and other details. Take a sneak-peek into the TOCs of this report.

  • Report Scope
  • Report Objectives
  • Research Methodology
  • Market Segmentation
  • Secondary Research
  • Primary Research
  • Breakdown of Primary Interviews by Region, Designation, and Value Chain
  • Data Analysis and Triangulation

Key Players

  • AGC Inc.
  • American Elements
  • Corning Incorporated
  • Hoya Corporation
  • II-VI Incorporated
  • Nikon Corporation
  • Ohara Corporation
  • Schott AG
  • Shin-Etsu Chemical Company
  • Signify Holding.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

  • Market structure: Overview, industry life cycle analysis, supply chain analysis
  • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
  • Market trend and forecast analysis
  • Market segment trend and forecast
  • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
  • Attractive market segments and associated growth opportunities
  • Emerging trends
  • Strategic growth opportunities for the existing and new players
  • Key success factors

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Stratview Research is a global market research firm, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with insightful market data to aid strategic decision making. These exclusive reports are the result of exclusive research methodology and are available for key industries such as chemicals, composites, advanced materials, technology, renewable energy, and more.