Press release
United States Photonics Market to hit US$ 312 Billion by 2031| North America leads with 35% share | Top Companies - 3SP Technologies S.A.S, Corning Incorporated, Hamamatsu Photonics K.K
Photonics Market
As per DataM intelligence research report "The Global Photonics Market size reached USD 666.5 billion in 2022 and is expected to reach USD 1,040 billion by 2031, growing at a CAGR of 5.8% during the forecast period 2024-2031."
The market is driven by increasing demand in telecommunications, healthcare, and manufacturing. Optical components, lasers, and sensors dominate applications. End-users include telecom operators, research labs, and industrial manufacturers. Advancements in imaging, sensing, and optical computing fuel growth.
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Photonics Market: Competitive Intelligence
3SP Technologies S.A.S, Corning Incorporated, Hamamatsu Photonics K.K, Hoya Photonics, Inc., II-VI Incorporated, Infinera Corporation, Innolume GmbH
The Photonics Market is being significantly strengthened by the combined presence of 3SP Technologies S.A.S, Corning Incorporated, Hamamatsu Photonics K.K, Hoya Photonics, Inc., II-VI Incorporated, Infinera Corporation, and Innolume GmbH, as these companies collectively advance light-based technologies across communications, sensing, healthcare, and industrial applications. Their innovations support high-speed data transmission, precision measurement, medical diagnostics, and advanced manufacturing, all of which are central to modern digital and industrial ecosystems. By enabling higher performance, lower signal loss, and greater system reliability, these companies contribute to the growth, scalability, and long-term evolution of the Photonics Market. This collective impact reinforces photonics as a foundational technology for next-generation connectivity and automation.
The complementary strengths of these companies create strong momentum within the Photonics Market by integrating materials science, device engineering, and system-level innovation. Corning Incorporated and II-VI Incorporated provide critical optical materials, fibers, and components that form the backbone of photonic systems. Infinera Corporation, 3SP Technologies S.A.S, and Innolume GmbH add value through advanced lasers, optical amplifiers, and integrated photonic solutions for high-capacity optical networks. Hamamatsu Photonics K.K and Hoya Photonics, Inc. strengthen the ecosystem with high-precision photodetectors, imaging components, and specialty optics. Together, this combination accelerates technology adoption and enhances performance across telecom, healthcare, and industrial markets.
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Fund Raisings
✅ January 2026 - Lumentum Holdings Inc. (North America)
Lumentum allocated strategic investment to expand its photonics and optical component production capabilities. The funding supports R&D for high-speed optical communications and sensing solutions.
✅ December 2025 - AMS-OSRAM AG (Europe)
AMS-OSRAM directed growth capital toward developing advanced photonics technologies for automotive and industrial applications. The investment strengthens laser, sensor, and LED systems innovation.
✅ November 2025 - II-VI Incorporated (North America)
II-VI invested internal capital to scale photonics solutions for telecom, healthcare, and defense industries. The initiative focuses on precision optics and integrated photonics devices.
Product Launches & Partnerships
✅ January 2026 - Lumentum Holdings Inc. (North America)
Lumentum launched a new photonics platform for optical networking with enhanced data transmission speed and reliability. The products target 5G, data centers, and high-performance computing applications.
✅ December 2025 - AMS-OSRAM AG (Europe)
AMS-OSRAM introduced next-generation photonics solutions including laser sensors and LED-based optical modules. The launch supports automotive LiDAR, industrial sensing, and medical diagnostics.
✅ October 2025 - II-VI Incorporated (North America)
II-VI unveiled advanced integrated photonics devices for telecom and defense applications. The products focus on miniaturization, high performance, and reliability in harsh environments.
Mergers & Acquisitions
✅ January 2026 - Lumentum Holdings Inc. (North America)
Lumentum expanded its photonics portfolio through acquisition of a high-speed optical component firm. The move strengthens its R&D and commercial capabilities in optical networking.
✅ November 2025 - AMS-OSRAM AG (Europe)
AMS-OSRAM acquired a European photonics startup to enhance laser and sensor technology offerings. The acquisition accelerates innovation for automotive, industrial, and healthcare applications.
✅ October 2025 - II-VI Incorporated (North America)
II-VI completed a strategic acquisition of a photonics and optics technology company. The deal reinforces its position in precision optics, integrated photonics, and advanced optical systems.
Segment Covered in the Photonics Market:
By Application
The market is segmented into production technology 20%, measurement 15%, medical technology 15%, communication 15%, lighting 10%, information 10%, display 5%, photovoltaics 5%, and others 5%, with production technology, measurement, and medical technology dominating due to high adoption in industrial automation, precision manufacturing, and healthcare diagnostics. Communication and lighting applications are growing with data transmission and energy-efficient lighting trends. Display and photovoltaic applications are emerging with technological advancements. Innovation, precision, and efficiency drive market adoption.
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Regional Analysis
North America - 35% Share
North America leads with 35% share due to adoption in the U.S. and Canada. Production technology, measurement, and medical technology dominate. Communication and lighting applications are growing. Strong R&D infrastructure, technological advancements, and industrial adoption drive market growth.
Europe - 25% Share
Europe holds 25% share driven by adoption in Germany, France, U.K., and Italy. Production technology, measurement, and medical technology dominate. Communication and photovoltaics applications are emerging. Industrial automation, healthcare innovation, and renewable energy adoption support growth.
Asia Pacific - 25% Share
Asia Pacific accounts for 25% share due to adoption in China, Japan, South Korea, and India. Production technology, medical technology, and communication dominate. Lighting, display, and photovoltaics applications are growing. Rapid industrialization, electronics manufacturing, and healthcare expansion drive market growth.
Latin America - 5% Share
Latin America records 5% share with adoption in Brazil, Mexico, and Argentina. Production technology and measurement dominate. Medical technology and communication applications are emerging. Industrial modernization and healthcare infrastructure development support market growth.
Middle East & Africa - 10% Share
Middle East & Africa hold 10% share due to adoption in UAE, Saudi Arabia, and South Africa. Production technology and communication dominate. Medical technology, lighting, and information applications are emerging. Industrial growth, healthcare investment, and energy-efficient infrastructure drive market adoption.
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