Photonics Market - Global Forecast to 2025

Growing application of photonics enabled products in the healthcare sector, information, communication sector, and industrial manufacturing sector are the major drivers of the global Photonics market during the forecast period.

The LED segment is the largest type of Photonics market.

LED segment account for the largest share in the overall Photonics market. LED products are energy efficient and available at affordable prices - increasing usage of LED in lighting and display applications to drive its demand during the forecast period. APAC accounted for the largest market share of the LED product type segment in 2019. Energy-saving measures drive the surge in demand from applications such as general lighting, automotive, and backlighting.

Information and Communication Technology is the largest application for the Photonics market.

By application, the Photonics market is classified into seven main end use application, namely Displays, Information & communication technology, Photovoltaic, Medical Technology & Life sciences (Biophotonics), Measurement & automated vision, Lighting and Production Technology.

Photonics technology is majorly used for data generation, transformation, data transmission and storage, data conversion, and data usage in the information and communication technology application. Devices used in each of these processes are a part of the photonics materials & component industry. Also, there are services based on these processes that utilize photonics. The photonics materials & component industry includes devices used for data conversion, amplifier systems, light modulation systems (modulators, switches, and routers), and fiber optic cables.

APAC is estimated to account for the largest market share during the forecast period.

APAC is estimated to be the largest market for Photonics and is projected to register the fastest CAGR during the forecast period. China is expected to account for the largest share of the market in APAC by 2025. The growing photonics enabled applications, industrial activities, investment in end use industry of Photonics, and labor costs in these countries are the main drivers for the Photonics market.

Extensive primary interviews were conducted to determine and verify the market size for several segments and sub segments and information gathered through secondary research.

Research Coverage

This research report categorizes the Photonics market based on type, application, end use industry, and region. The report includes detailed information regarding the major factors influencing the photonics market's growth, such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key industry players has been done to provide insights into business overviews, products & services, key strategies, expansions, new product developments, agreements, and recent developments associated with the market.

Reasons to Buy the Report

The report will help market leaders/new entrants in this market in the following ways:
This report segments the Photonics market comprehensively and provides the closest approximations of market sizes for the overall market and subsegments across verticals and regions.
The report will help stakeholders understand the market's pulse and provide them with information on the key market drivers, restraints, challenges, and opportunities.
This report will help stakeholders understand the major competitors and gain insights to enhance their business position. The competitive landscape section includes expansions, new product developments, and agreements.
The report includes the COVID-19 impact on the Photonics market.
The report includes both historical market size and the updated market size.

For more information please click on:
Photonics Market - Global Forecast to 2025

Contact Research and Markets
David Murphy

Contact Swissphotonics
Dr. Christoph S. Harder
President Swissphotonics
+41 79 219 90 51

14 February 2021, Beni Muller + Iris Bollinger