Global Photonics Market Reflecting a CAGR of 10.1% during 2017 – 2026

Industry Highlights

According to Stratistics MRC, the Global Photonics market is expected to grow from $490.26 billion in 2017 to reach $1165.92 billion by 2026 with a CAGR of 10.1%. Need for energy efficient products and increasing adoption of photonics products among various applications are some of the key factors driving the market growth. However, strict environmental regulations are hampering the market.

Photonics is the technology to facilitate merges optics with electronics. These crystals usually create awareness of both academic & industrial research, and are providing new tools for the manipulation of photons. Photonic crystals are used in information & telecommunication industry, healthcare, optics manufacturing, education & research, optical sensing energy, energy & displays, and other sectors.

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Market Top Player’s

Some of the key players in Photonics the market are Philips, Huawei Technologies, Coherent, Cisco Systems, Hitachi, Siemens, Samsung Electronics, IPG Photonics, General Electric Company, Toshiba Medical, Trumpf Group, Emerson, Nikon, Hewlett-Packard Company and 3S Photonics S.A.S.

What our report offers:

- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
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- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancement

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The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

Market Segments

By application, production technology segment has acquired significant growth. The high growth of this segment is attributed to the increasing use of photonics products to improve the process and energy efficiency of production technologies. Moreover, the LED segment is projected to lead the market during the forecast period. The growth of this segment is attributed to the rising use of relatively higher energy-efficient LEDs in the lighting and display applications.

Based on geography, Asia Pacific is estimated to grow at the highest CAGR during the forecast period due to increasing end-user industries, such as building & construction; media, broadcasting, & telecommunication; medical; industrial; and security & defense. Urbanization and the constant increasing population are also expected to increase the demand for photonics in this region.

Products Covered:
• Consumer Electronics & Devices
• Lasers, Sensors, Detectors & Imaging Devices
• Optical Communication Systems & Components
• Waveguides
• Wavelength Division Multiplexer Filters
• Amplifiers
• Other Products

Applications Covered:
• Production Technology
• Measurement & Automated Vision
• Information & Communication Technology
• Displays
• Medical Technology & Life Sciences
• Lighting
• Photovoltaic
• Surveying & Detection
• Data Communication
• Other Applications

End-Users Covered:
• Industrial
• Consumer & Business Automation
• Security & Defense
• Building & Construction
• Medical
• Media, Broadcasting & Telecommunication
• Other End Users

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This release was published on openPR.