Global Photonics Market by Product Type (LED, Lasers Sensors Detectors & Imaging Devices, Consumer Electronics & Devices, Others), By Application (Displays, Information & Communication Technology, Photovoltaic, Production Technology, Lighting, Medical Technology & Biophotonics, Others), By End User (Building & Construction, Media Broadcasting & Telecommunication, Consumer & Business Automation, Medical, Industrial, Safety & Defense, Others), By Region, Competition, 2018-2028

  • Industry : ICT
  • Pages : NA
  • Published Date : NA
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Summary

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 812.24 million

CAGR (2023-2028)

7.79%

Fastest Growing Segment

Small & Medium-Sized Enterprises

Largest Market

North America

 

Market Overview

The projected market size for the global photonics market is expected to reach USD 812.24 million by the end of 2022, with a compound annual growth rate (CAGR) of 7.79% during the forecast period. The global photonics market is experiencing rapid growth, fueled by its vital applications across various industries. Photonics, encompassing the manipulation and utilization of light, is pivotal in telecommunications, healthcare, manufacturing, and defense sectors. Its role in high-speed data transmission through fiber optics has revolutionized global communication networks, while in healthcare, photonics drives precision in medical imaging and diagnostics. Industries benefit from laser-based manufacturing enhancements and advanced sensing technologies. With its widespread contributions, the photonics market continues to expand, fostering innovation and collaboration across sectors, thus illuminating a path towards a more advanced future.

Key Market Drivers

Technological Advancements and Innovations

One of the primary drivers propelling the global photonics market is the continuous stream of technological advancements and innovations. As researchers and engineers delve deeper into the realm of photonics, they are uncovering new ways to harness the power of light for various applications. Breakthroughs in materials science, laser technology, and nanophotonics have paved the way for more efficient and cost-effective photonics solutions. For instance, the development of photonic integrated circuits (PICs) has led to compact and multifunctional devices that can perform tasks such as data routing, modulation, and detection on a single chip. Additionally, the integration of photonics with other emerging technologies, such as artificial intelligence and quantum computing, has unlocked novel possibilities in fields like quantum cryptography, sensing, and information processing. As the pace of innovation accelerates, companies are investing in research and development to capitalize on these advancements, driving the growth of the photonics market.

Increasing Demand for High-Speed Data Transmission

The surging demand for high-speed data transmission is another significant driver behind the global photonics market's expansion. The proliferation of digital content, cloud computing, online streaming, and the Internet of Things (IoT) has led to an exponential increase in data traffic. Traditional copper-based communication networks struggle to meet these demands due to bandwidth limitations and signal degradation over long distances. Photonics, particularly through the use of optical fibers, provides a solution by enabling high-capacity, low-latency data transmission over long distances with minimal signal loss. This is crucial for supporting the global digital infrastructure and driving seamless connectivity across regions. As data consumption continues to rise, the photonics market is poised to experience sustained growth as telecommunications companies invest in expanding and upgrading their optical network infrastructure.

Healthcare Advancements and Medical Imaging

In the healthcare sector, photonics has emerged as a powerful tool for advancements in medical imaging, diagnostics, and treatments. Technologies such as optical coherence tomography (OCT) and multiphoton microscopy enable non-invasive and high-resolution imaging of tissues at the cellular level. These innovations have transformed early disease detection, guided surgical procedures, and personalized medicine approaches. Additionally, laser-based therapies have revolutionized treatments for conditions ranging from vision problems to cancer. The demand for better healthcare outcomes, coupled with the potential to reduce medical costs through improved diagnostics and targeted treatments, has spurred investments in photonics research and its integration into medical devices and procedures, thus contributing to the growth of the photonics market.

Sustainability and Energy Efficiency

With a growing emphasis on sustainability and energy efficiency, the photonics market is finding new opportunities for growth. Photonics technologies are playing a crucial role in developing renewable energy sources, efficient lighting solutions, and environmental monitoring systems. Solar cells that convert sunlight into electricity, for instance, benefit from advances in photonics materials and designs. Light-emitting diodes (LEDs) and organic LEDs (OLEDs) are replacing traditional lighting systems, offering longer lifespans and reduced energy consumption. Furthermore, photonics-based sensors are deployed for monitoring air and water quality, agricultural health, and industrial emissions. As the world seeks more eco-friendly solutions, the photonics market stands to benefit from its contributions to sustainable technologies and practices. Moreover, Photonics providers often stay abreast of emerging technologies, enabling them to offer guidance on integrating new solutions seamlessly into existing environments.

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Key Market Challenges

High Initial Costs and Infrastructure Development

One of the significant challenges facing the global photonics market is the high initial costs associated with research, development, and infrastructure deployment. Developing cutting-edge photonics technologies often demands substantial investments in specialized equipment, skilled personnel, and research facilities. The cost of materials, especially for advanced photonics components like lasers, photodetectors, and photonic integrated circuits (PICs), can also be significant. Moreover, the complexity of photonics systems necessitates stringent quality control and testing procedures, further increasing costs. These financial barriers can deter smaller companies and startups from entering the market, limiting innovation and competition. In addition to development costs, the deployment of photonics technologies often requires significant infrastructure upgrades. For instance, upgrading existing telecommunication networks to support high-capacity optical fibers or implementing quantum communication systems involves substantial investments in hardware and expertise. This challenge is particularly pronounced in regions with outdated or inadequate infrastructure. As a result, the photonics market faces the hurdle of not only creating groundbreaking technologies but also ensuring the necessary supporting infrastructure is in place to realize their potential.

Standardization and Compatibility Issues

The diverse nature of photonics technologies, coupled with the rapid pace of innovation, has led to challenges in standardization and compatibility. Unlike some mature industries, photonics lacks universally accepted standards for various components and systems. This lack of standardization can create compatibility issues, making it difficult to integrate different photonics solutions seamlessly. For example, in the telecommunications sector, varying standards for optical interfaces can lead to interoperability problems between different network components, hindering network efficiency and scalability.

The absence of standardized testing procedures and metrics can also hinder the comparison and evaluation of different photonics products, making it challenging for consumers and businesses to make informed purchasing decisions. This challenge can slow down the adoption of new photonics technologies, as potential users may be hesitant to invest in solutions that may not be compatible with future innovations or may not meet their specific requirements. Efforts are being made to address these challenges through industry collaboration and the establishment of standards organizations. However, achieving consensus across a rapidly evolving field can be complex and time-consuming. As the photonics market continues to expand and diversify, finding common ground on standards and compatibility remains an ongoing challenge that requires careful navigation.

Key Market Trends

Integration of Photonics with Other Technologies

A prominent trend in the global photonics market is the increasing integration of photonics with other cutting-edge technologies. As industries continue to seek innovative solutions, combining photonics with disciplines like artificial intelligence (AI), quantum computing, and biotechnology is gaining traction. Photonics is becoming an essential component in the development of advanced sensors, processors, and communication systems. For instance, the marriage of photonics with AI enables faster data processing and decision-making in various applications, including autonomous vehicles and industrial automation. Similarly, the synergy between photonics and quantum computing is poised to revolutionize secure communication, optimization problems, and material discovery. This trend highlights the market's shift towards interdisciplinary collaborations that unlock new functionalities and address complex challenges across industries.

Miniaturization and Photonic Integration

The trend towards miniaturization and photonic integration is reshaping the landscape of photonics applications. Traditional optical systems often involve bulky components and complex setups, limiting their practicality in various scenarios. However, advancements in photonic integration are enabling the consolidation of multiple optical functions onto a single chip. Photonic integrated circuits (PICs) are emerging as versatile platforms that combine lasers, modulators, detectors, and waveguides, providing compact and efficient solutions for diverse applications. This trend has significant implications for industries like telecommunications, where compact optical transceivers can increase data transmission capacities and reduce power consumption in data centers. Additionally, miniaturization is facilitating the integration of photonics into wearable devices, medical implants, and consumer electronics, paving the way for personalized and unobtrusive healthcare monitoring and augmented reality experiences.

Quantum Photonics and Secure Communication

Quantum photonics is a burgeoning trend that holds immense potential for both fundamental research and practical applications. Quantum technologies, such as quantum key distribution (QKD), leverage the principles of quantum mechanics to create inherently secure communication channels. By encoding information in quantum states, these systems offer unprecedented levels of data security, as any attempt to intercept or eavesdrop on the communication would disrupt the quantum states, immediately alerting the parties involved. As cybersecurity concerns intensify, quantum photonics is gaining attention as a solution for secure communication in sectors like finance, defence, and government. Research and development efforts in this field are focused on developing practical and scalable quantum communication systems that can be deployed in real-world scenarios. As the technology matures, quantum photonics is likely to emerge as a pivotal driver in shaping secure and tamper-proof communication infrastructures.

Segmental Insights

Application Insights

Based on application, the displays segment emerges as the predominant segment, exhibiting unwavering dominance projected throughout the forecast period. This segment's prominence is evident in its widespread utilization across various industries, including consumer electronics, advertising, information dissemination, and entertainment. The rapid advancements in display technology, encompassing innovations like OLED and LED screens, have fuelled the segment's consistent growth. The increasing demand for high-resolution, energy-efficient, and interactive displays further solidifies its position as a driving force in the market. As visual communication continues to play an integral role in modern society, the enduring dominance of the displays segment underscores its pivotal influence in shaping the way information and content are presented and consumed.

End User Insights

Based on end user, the media broadcasting & telecommunication segment emerges as a formidable frontrunner, exerting its dominance and shaping the market's trajectory throughout the forecast period. This segment's commanding influence is unmistakable, driven by the ever-increasing demand for seamless communication, data transmission, and content delivery. The convergence of media and telecommunications has propelled innovations like high-definition streaming, 5G-enabled services, and immersive virtual experiences. As the world becomes more interconnected and reliant on real-time communication, the media broadcasting and telecommunication sector stands as a pivotal driver of technological advancement, continuously reshaping how information is disseminated, entertainment is consumed, and communication is facilitated on a global scale.

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Regional Insights

North America stands resolutely as a dominant force within the global photonics market, solidifying its preeminent position and underscoring its pivotal role in steering the industry's trajectory. With a robust ecosystem of research institutions, technological innovators, and industry leaders, the region has consistently been at the forefront of photonics advancements. This dominance is particularly evident in sectors such as telecommunications, where North America's groundbreaking contributions to optical fiber technology and network infrastructure have revolutionized global communication. Additionally, its leadership in areas like semiconductor manufacturing, medical imaging, and aerospace applications further solidify its influence. As North America continues to foster innovation through research investments and strategic collaborations, its commanding presence in the photonics market is set to persist, driving progress, and guiding the industry's evolution on a global scale.

Recent Developments

  • In August 2023, Hamamatsu Photonics continues to demonstrate unwavering determination in its pursuit of the acquisition of NKT Photonics. This commitment underscores Hamamatsu's strategic vision and ambition to bolster its position in the photonics industry through strategic partnerships and expansions. The pursuit of NKT Photonics aligns with Hamamatsu's aspiration to harness synergies and expertise in photonics technologies. NKT Photonics, known for its innovations in fiber lasers, supercontinuum sources, and other photonics solutions, holds significant potential to complement Hamamatsu's existing portfolio and drive collaborative advancements.
  • In May 2023, a momentous development unfolded within the business realm as the Special Purpose Acquisition Company (SPAC) OmniLit revealed its strategic intention to merge with Syntec Optics, a prominent figure in the photonics sector. This strategic maneuver signifies a pivotal convergence in the swiftly evolving domain of optics and photonics. OmniLit's decision to merge with Syntec Optics underscores the growing significance of photonics and its applications in various industries, including telecommunications, healthcare, and manufacturing. The merger is poised to leverage Syntec Optics' established position as a photonics maker, known for its innovative solutions and expertise in light-based technologies.
  • In May 2023, Syntec Optics, a prominent player in the optics and photonics sector, has announced its intention to go public on the Nasdaq stock exchange. This strategic move is set to materialize through a business combination with OmniLit Acquisition Corp. As a leading optics and photonics company, Syntec Optics boasts a distinguished track record in delivering cutting-edge solutions across various industries, from telecommunications to healthcare, manufacturing, and beyond. By opting to go public on Nasdaq, Syntec Optics positions itself to access new avenues of capital, fostering the potential for accelerated growth, research and development initiatives, and strategic partnerships.

Key Market Players

  • IBM Hamamatsu Photonics KK
  • Intel Corporation
  • NEC Corporation
  • AMS OSRAM AG
  • IPG Photonics
  • Polatis Photonics Inc.
  • Alcatel-Lucent SA
  • Molex Inc. (Koch Industries)
  • Infinera Corporation
  • Innolume GmbH

By Product Type

By Application

By End User

By Region
  • LED
  • Lasers Sensors Detectors & Imaging Devices
  • Consumer Electronics & Devices
  • Others
  • Displays
  • Information & Communication Technology
  • Photovoltaic
  • Production Technology
  • Lighting
  • Medical Technology & Biophotonics
  • Others
  • Banking
  • Building & Construction
  • Media Broadcasting & Telecommunication
  • Consumer & Business Automation
  • Medical
  • Industrial
  • Safety & Defense
  • Others
  • North America
  • Europe
  • South America
  • Middle East & Africa
  • Asia Pacific

 

Report Scope:

In this report, the global photonics market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Global Photonics Market, By Product Type:

o   LED

o   Lasers Sensors Detectors & Imaging Devices

o   Consumer Electronics & Devices

o   Others

  • Global Photonics Market, By Application:

o   Displays

o   Information & Communication Technology

o   Photovoltaic

o   Production Technology

o   Lighting

o   Medical Technology & Biophotonics

o   Others

  • Global Photonics Market, By Organization Size:

o   Small & Medium-Sized Enterprises

o   Large Enterprises

  • Global Photonics Market, By End User:

o   Building & Construction

o   Media Broadcasting & Telecommunication

o   Consumer & Business Automation

o   Medical

o   Industrial

o   Safety & Defense

o   Others

  • Global Photonics Market, By Region:

o   North America

o   Europe

o   South America

o   Middle East & Africa

o   Asia Pacific

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Photonics Market.

Available Customizations:

Global Photonics market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Photonics Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]        

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.  Markets Covered

1.2.2.  Years Considered for Study

1.2.3.  Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

4.    Impact of COVID-19 on Global Photonics Market

5.    Voice of Customer

6.    Global Photonics Market Overview

7.    Global Photonics Market Outlook

7.1.  Market Size & Forecast

7.1.1.       By Value

7.2.  Market Share & Forecast

7.2.1.      By Product Type (LED, Lasers Sensors Detectors & Imaging Devices, Consumer Electronics & Devices, Others)

7.2.2.      By Application (Displays, Information & Communication Technology, Photovoltaic, Production Technology, Lighting, Medical Technology & Biophotonics, Others)

7.2.3.      By End User (Building & Construction, Media Broadcasting & Telecommunication, Consumer & Business Automation, Medical, Industrial, Safety & Defense, Others)

7.2.4.      By Region

7.3.  By Company (2022)

7.4.  Market Map

8.    North America Photonics Market Outlook

8.1.  Market Size & Forecast

8.1.1.       By Value

8.2.  Market Share & Forecast

8.2.1.      By Product Type

8.2.2.      By Application

8.2.3.      By End User

8.2.4.      By Country

8.3.    North America: Country Analysis

8.3.1.      United States Photonics Market Outlook

8.3.1.1.  Market Size & Forecast

8.3.1.1.1.  By Value 

8.3.1.2.  Market Share & Forecast

8.3.1.2.1. By Product Type

8.3.1.2.2. By Application

8.3.1.2.3. By End User

8.3.2.      Canada Photonics Market Outlook

8.3.2.1.  Market Size & Forecast

8.3.2.1.1.  By Value 

8.3.2.2.  Market Share & Forecast

8.3.2.2.1. By Product Type

8.3.2.2.2. By Application

8.3.2.2.3. By End User

8.3.3.      Mexico Photonics Market Outlook

8.3.3.1.  Market Size & Forecast

8.3.3.1.1.  By Value 

8.3.3.2.  Market Share & Forecast

8.3.3.2.1. By Product Type

8.3.3.2.2. By Application

8.3.3.2.3. By End User

9.    Europe Photonics Market Outlook

9.1.  Market Size & Forecast

9.1.1.       By Value

9.2.  Market Share & Forecast

9.2.1.      By Product Type

9.2.2.      By Application

9.2.3.      By End User

9.2.4.      By Country

9.3.    Europe: Country Analysis

9.3.1.      Germany Photonics Market Outlook

9.3.1.1.  Market Size & Forecast

9.3.1.1.1.  By Value 

9.3.1.2.  Market Share & Forecast

9.3.1.2.1. By Product Type

9.3.1.2.2. By Application

9.3.1.2.3. By End User

9.3.2.        United Kingdom Photonics Market Outlook

9.3.2.1.  Market Size & Forecast

9.3.2.1.1.  By Value 

9.3.2.2.  Market Share & Forecast

9.3.2.2.1. By Product Type

9.3.2.2.2. By Application

9.3.2.2.3. By End User

9.3.3.      France Photonics Market Outlook

9.3.3.1.  Market Size & Forecast

9.3.3.1.1.  By Value 

9.3.3.2.  Market Share & Forecast

9.3.3.2.1. By Product Type

9.3.3.2.2. By Application

9.3.3.2.3. By End User

9.3.4.      Spain Photonics Market Outlook

9.3.4.1.  Market Size & Forecast

9.3.4.1.1.  By Value 

9.3.4.2.  Market Share & Forecast

9.3.4.2.1. By Product Type

9.3.4.2.2. By Application

9.3.4.2.3. By End User

9.3.5.      Italy Photonics Market Outlook

9.3.5.1.  Market Size & Forecast

9.3.5.1.1.  By Value 

9.3.5.2.  Market Share & Forecast

9.3.5.2.1. By Product Type

9.3.5.2.2. By Application

9.3.5.2.3. By End User

10. South America Photonics Market Outlook

10.1.   Market Size & Forecast

10.1.1.    By Value

10.2.   Market Share & Forecast

10.2.1.    By Product Type

10.2.2.    By Application

10.2.3.    By End User

10.2.4.    By Country

10.3. South America: Country Analysis

10.3.1.    Brazil Photonics Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1.   By Value 

10.3.1.2. Market Share & Forecast

10.3.1.2.1.   By Product Type

10.3.1.2.2.   By Application

10.3.1.2.3.   By End User

10.3.2.     Argentina Photonics Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1.   By Value 

10.3.2.2. Market Share & Forecast

10.3.2.2.1.   By Product Type

10.3.2.2.2.   By Application

10.3.2.2.3.   By End User

10.3.3.    Colombia Photonics Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1.   By Value 

10.3.3.2. Market Share & Forecast

10.3.3.2.1.   By Product Type

10.3.3.2.2.   By Application

10.3.3.2.3.   By End User

11. Middle East & Africa Photonics Market Outlook

11.1.   Market Size & Forecast

11.1.1.    By Value

11.2.   Market Share & Forecast

11.2.1.    By Product Type

11.2.2.    By Application

11.2.3.    By End User

11.2.4.    By Country

11.3. Middle East & America: Country Analysis

11.3.1.    Israel Photonics Market Outlook

11.3.1.1. Market Size & Forecast

11.3.1.1.1. By Value 

11.3.1.2. Market Share & Forecast

11.3.1.2.1.   By Product Type

11.3.1.2.2.   By Application

11.3.1.2.3.   By End User

11.3.2.     Qatar Photonics Market Outlook

11.3.2.1. Market Size & Forecast

11.3.2.1.1. By Value 

11.3.2.2. Market Share & Forecast

11.3.2.2.1.   By Product Type

11.3.2.2.2.   By Application

11.3.2.2.3.   By End User

11.3.3.    UAE Photonics Market Outlook

11.3.3.1. Market Size & Forecast

11.3.3.1.1. By Value 

11.3.3.2. Market Share & Forecast

11.3.3.2.1.   By Product Type

11.3.3.2.2.   By Application

11.3.3.2.3.   By End User

11.3.4.    Saudi Arabia Photonics Market Outlook

11.3.4.1. Market Size & Forecast

11.3.4.1.1. By Value 

11.3.4.2. Market Share & Forecast

11.3.4.2.1.   By Product Type

11.3.4.2.2.   By Application

11.3.4.2.3.   By End User

12. Asia Pacific Photonics Market Outlook

12.1.   Market Size & Forecast

12.1.1.    By Value

12.2.   Market Share & Forecast

12.2.1.    By Product Type

12.2.2.    By Application

12.2.3.    By End User

12.2.4.    By Country

12.3. Asia Pacific: Country Analysis

12.3.1.    China Photonics Market Outlook

12.3.1.1. Market Size & Forecast

12.3.1.1.1.   By Value 

12.3.1.2. Market Share & Forecast

12.3.1.2.1.   By Product Type

12.3.1.2.2.   By Application

12.3.1.2.3.   By End User

12.3.2.     Japan Photonics Market Outlook

12.3.2.1. Market Size & Forecast

12.3.2.1.1.   By Value 

12.3.2.2. Market Share & Forecast

12.3.2.2.1.   By Product Type

12.3.2.2.2.   By Application

12.3.2.2.3.   By End User

12.3.3.    South Korea Photonics Market Outlook

12.3.3.1. Market Size & Forecast

12.3.3.1.1.   By Value 

12.3.3.2. Market Share & Forecast

12.3.3.2.1.   By Product Type

12.3.3.2.2.   By Application

12.3.3.2.3.   By End User

12.3.4.    India Photonics Market Outlook

12.3.4.1. Market Size & Forecast

12.3.4.1.1.   By Value 

12.3.4.2. Market Share & Forecast

12.3.4.2.1.   By Product Type

12.3.4.2.2.   By Application

12.3.4.2.3.   By End User

12.3.5.    Australia Photonics Market Outlook

12.3.5.1. Market Size & Forecast

12.3.5.1.1.   By Value 

12.3.5.2. Market Share & Forecast

12.3.5.2.1.   By Product Type

12.3.5.2.2.   By Application

12.3.5.2.3.   By End User

13. Market Dynamics

13.1.   Drivers

13.2.   Challenges

14. Market Trends and Developments

15. Company Profiles

15.1.   Hamamatsu Photonics KK

15.1.1. Business Overview

15.1.2. Key Financials & Revenue

15.1.3. Key Contact Person

15.1.4. Headquarters Address

15.1.5. Key Product/Service Offered

15.2.   Intel Corporation

15.2.1. Business Overview

15.2.2. Key Financials & Revenue

15.2.3. Key Contact Person

15.2.4. Headquarters Address

15.2.5. Key Product/Service Offered

15.3.     NEC Corporation

15.3.1. Business Overview

15.3.2. Key Financials & Revenue

15.3.3. Key Contact Person

15.3.4. Headquarters Address

15.3.5. Key Product/Service Offered

15.4.   AMS OSRAM AG

15.4.1. Business Overview

15.4.2. Key Financials & Revenue

15.4.3. Key Contact Person

15.4.4. Headquarters Address

15.4.5. Key Product/Service Offered

15.5.    IPG Photonics

15.5.1. Business Overview

15.5.2. Key Financials & Revenue

15.5.3. Key Contact Person

15.5.4. Headquarters Address

15.5.5. Key Product/Service Offered

15.6.    Polatis Photonics Inc.

15.6.1. Business Overview

15.6.2. Key Financials & Revenue

15.6.3. Key Contact Person

15.6.4. Headquarters Address

15.6.5. Key Product/Service Offered

15.7.   Alcatel-Lucent SA

15.7.1. Business Overview

15.7.2. Key Financials & Revenue

15.7.3. Key Contact Person

15.7.4. Headquarters Address

15.7.5. Key Product/Service Offered

15.8.   Molex Inc. (Koch Industries)

15.8.1. Business Overview

15.8.2. Key Financials & Revenue

15.8.3. Key Contact Person

15.8.4. Headquarters Address

15.8.5. Key Product/Service Offered

15.9.   Infinera Corporation

15.9.1. Business Overview

15.9.2. Key Financials & Revenue

15.9.3. Key Contact Person

15.9.4. Headquarters Address

15.9.5. Key Product/Service Offered

15.10. Innolume GmbH

15.10.1.  Business Overview

15.10.2.  Key Financials & Revenue

15.10.3.  Key Contact Person

15.10.4.  Headquarters Address

15.10.5.  Key Product/Service Offered

16. Strategic Recommendations

17. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the global photonics market was estimated to be USD 812.24 million in 2022.

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In 2022, LED was the dominant segment by service type in the global photonics market. With exceptional energy efficiency, longevity, and adaptability, Light Emitting Diodes (LEDs) have solidified their position as the preferred choice in various applications. Their impact ranges from lighting solutions to automotive illumination and even horticultural lighting. As sustainability gains prominence and energy-efficient solutions become imperative, the unyielding dominance of the LED segment reflects its pivotal role in shaping the future of illumination and beyond.

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Key players in the market are Hamamatsu Photonics KK, Intel Corporation, NEC Corporation, AMS OSRAM AG, IPG Photonics, Polatis Photonics Inc., Alcatel-Lucent SA, Molex Inc. (Koch Industries), Infinera Corporation, Innolume GmbH and others.

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Increasing demand for high-speed data transmission and healthcare advancements & medical imaging are the major drivers for the global photonics market.

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