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Photonics Market Report by Type, Application, End User, and Region 2024-2032

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    Report

  • 138 Pages
  • April 2024
  • Region: Global
  • IMARC Group
  • ID: 5742975
The global photonics market size reached US$ 849.0 Billion in 2023. Looking forward, the market is projected to reach US$ 1.35 trillion by 2032, exhibiting a growth rate (CAGR) of 5.31% during 2023-2032.

Photonics represents a technology or an area of study that deals with the science of generating, detecting, controlling, and manipulating photons, radiant energies, and light. It is considered a subset of various optic disciplines, including geometrical, physical, and quantum. It includes a light-emitting diode (LED), imaging devices, laser, sensors, and detectors as standard product types.

These photonics-enabled devices offer higher energy efficiency, a longer life span, better accuracy, and faster operations than their counterparts. Apart from this, photonics ensures data transmission, generates less heat, and minimizes energy consumption cost-effectively. Based on these properties, it finds extensive applications in displays, photovoltaics, machine vision, image processing, optical components, and medical technologies.

Photonics Market Trends

The widespread product adoption across various industrial verticals can be attributed to the need for photonic-enabled connected services and the extensive utilization of additive manufacturing (AM) to produce complex components and prototype tools. In line with this, significant enhancements in the healthcare infrastructure and the escalating demand for non-invasive disease detection have facilitated the uptake of photonics in imaging techniques and point-of-care technologies, which is acting as another growth-inducing factor. Such solutions are used in medical and biological research for drug development, medical imaging, laser beam diagnostics, and optical coherence tomography (OCT) scanning to detect health conditions.

Additionally, the extensive utilization of photonics in communication networks, integrated circuits (IC), computing systems, and next-generation sensors to transmit, generate, convert, and use data instantly is impelling the market growth. Apart from this, the large-scale product incorporation in residential security systems, amplifiers, switches, light modulation devices, light detection and ranging (LiDAR), and the integration of the Internet of Things (IoT) solutions are creating a positive outlook for the market.

Key Market Segmentation

This report provides an analysis of the key trends in each sub-segment of the global photonics market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on type, application, and end user.

Breakup by Type:

  • LED
  • Lasers, Detectors, Sensors and Imaging Devices
  • Optical Communication Systems and Components
  • Others

Breakup by Application:

  • Surveying and Detection
  • Production Technology
  • Data Communication
  • Image Capture and Display
  • Medical Technology
  • Lighting
  • Others

Breakup by End User:

  • Building Construction
  • Media, Broadcasting and Telecommunication
  • Consumer Electronics
  • Medical
  • Safety and Defense
  • Industrial

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players being ams-OSRAM AG, Genia Photonics Inc., Hamamatsu Photonics, II-VI Incorporated, Infinera Corporation, Intel Corporation, IPG Photonics, Koninklijke Philips N.V., Ocean Insight (Halma plc) and Teem Photonics.

Key Questions Answered in This Report

1. What was the size of the global photonics market in 2023?
2. What is the expected growth rate of the global photonics market during 2024-2032?
3. What has been the impact of COVID-19 on the global photonics market?
4. What are the key factors driving the global photonics market?
5. What is the breakup of the global photonics market based on the application?
6. What are the key regions in the global photonics market?
7. Who are the key players/companies in the global photonics market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Photonics Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 LED
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Lasers, Detectors, Sensors and Imaging Devices
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Optical Communication Systems and Components
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Application
7.1 Surveying and Detection
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Production Technology
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Data Communication
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Image Capture and Display
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Medical Technology
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Lighting
7.6.1 Market Trends
7.6.2 Market Forecast
7.7 Others
7.7.1 Market Trends
7.7.2 Market Forecast
8 Market Breakup by End User
8.1 Building Construction
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Media, Broadcasting and Telecommunication
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Consumer Electronics
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Medical
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Safety and Defense
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Industrial
8.6.1 Market Trends
8.6.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 ams-OSRAM AG
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.2 Genia Photonics Inc.
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 Hamamatsu Photonics
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 II-VI Incorporated
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.5 Infinera Corporation
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.6 Intel Corporation
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 IPG Photonics
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.8 Koninklijke Philips N.V.
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 Ocean Insight (Halma plc)
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.10 Teem Photonics
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
List of Figures
Figure 1: Global: Photonics Market: Major Drivers and Challenges
Figure 2: Global: Photonics Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Photonics Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Photonics Market: Breakup by Type (in %), 2023
Figure 5: Global: Photonics Market: Breakup by Application (in %), 2023
Figure 6: Global: Photonics Market: Breakup by End User (in %), 2023
Figure 7: Global: Photonics Market: Breakup by Region (in %), 2023
Figure 8: Global: Photonics (LED) Market: Sales Value (in Million US$), 2018 & 2023
Figure 9: Global: Photonics (LED) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 10: Global: Photonics (Lasers, Detectors, Sensors and Imaging Devices) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Photonics (Lasers, Detectors, Sensors and Imaging Devices) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Photonics (Optical Communication Systems and Components) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Photonics (Optical Communication Systems and Components) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Photonics (Other Types) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Photonics (Other Types) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Photonics (Surveying and Detection) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Photonics (Surveying and Detection) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Photonics (Production Technology) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Photonics (Production Technology) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Photonics (Data Communication) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Photonics (Data Communication) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: Global: Photonics (Image Capture and Display) Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: Global: Photonics (Image Capture and Display) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: Global: Photonics (Medical Technology) Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: Global: Photonics (Medical Technology) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: Global: Photonics (Lighting) Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: Global: Photonics (Lighting) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: Global: Photonics (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: Global: Photonics (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: Global: Photonics (Building Construction) Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: Global: Photonics (Building Construction) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: Global: Photonics (Media, Broadcasting and Telecommunication) Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: Global: Photonics (Media, Broadcasting and Telecommunication) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: Global: Photonics (Consumer Electronics) Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: Global: Photonics (Consumer Electronics) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: Global: Photonics (Medical) Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: Global: Photonics (Medical) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: Global: Photonics (Safety and Defense) Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: Global: Photonics (Safety and Defense) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: Global: Photonics (Industrial) Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: Global: Photonics (Industrial) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: North America: Photonics Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: North America: Photonics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: United States: Photonics Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: United States: Photonics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: Canada: Photonics Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: Canada: Photonics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: Asia-Pacific: Photonics Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: Asia-Pacific: Photonics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: China: Photonics Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: China: Photonics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: Japan: Photonics Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: Japan: Photonics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: India: Photonics Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: India: Photonics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: South Korea: Photonics Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: South Korea: Photonics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: Australia: Photonics Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: Australia: Photonics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 60: Indonesia: Photonics Market: Sales Value (in Million US$), 2018 & 2023
Figure 61: Indonesia: Photonics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 62: Others: Photonics Market: Sales Value (in Million US$), 2018 & 2023
Figure 63: Others: Photonics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: Europe: Photonics Market: Sales Value (in Million US$), 2018 & 2023
Figure 65: Europe: Photonics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: Germany: Photonics Market: Sales Value (in Million US$), 2018 & 2023
Figure 67: Germany: Photonics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 68: France: Photonics Market: Sales Value (in Million US$), 2018 & 2023
Figure 69: France: Photonics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 70: United Kingdom: Photonics Market: Sales Value (in Million US$), 2018 & 2023
Figure 71: United Kingdom: Photonics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 72: Italy: Photonics Market: Sales Value (in Million US$), 2018 & 2023
Figure 73: Italy: Photonics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 74: Spain: Photonics Market: Sales Value (in Million US$), 2018 & 2023
Figure 75: Spain: Photonics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 76: Russia: Photonics Market: Sales Value (in Million US$), 2018 & 2023
Figure 77: Russia: Photonics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 78: Others: Photonics Market: Sales Value (in Million US$), 2018 & 2023
Figure 79: Others: Photonics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 80: Latin America: Photonics Market: Sales Value (in Million US$), 2018 & 2023
Figure 81: Latin America: Photonics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 82: Brazil: Photonics Market: Sales Value (in Million US$), 2018 & 2023
Figure 83: Brazil: Photonics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 84: Mexico: Photonics Market: Sales Value (in Million US$), 2018 & 2023
Figure 85: Mexico: Photonics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 86: Others: Photonics Market: Sales Value (in Million US$), 2018 & 2023
Figure 87: Others: Photonics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 88: Middle East and Africa: Photonics Market: Sales Value (in Million US$), 2018 & 2023
Figure 89: Middle East and Africa: Photonics Market: Breakup by Country (in %), 2023
Figure 90: Middle East and Africa: Photonics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 91: Global: Photonics Industry: SWOT Analysis
Figure 92: Global: Photonics Industry: Value Chain Analysis
Figure 93: Global: Photonics Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Photonics Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Photonics Market Forecast: Breakup by Type (in Million US$), 2024-2032
Table 3: Global: Photonics Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 4: Global: Photonics Market Forecast: Breakup by End User (in Million US$), 2024-2032
Table 5: Global: Photonics Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 6: Global: Photonics Market: Competitive Structure
Table 7: Global: Photonics Market: Key Players

Companies Mentioned

  • ams-OSRAM AG
  • Genia Photonics Inc.
  • Hamamatsu Photonics
  • II-VI Incorporated
  • Infinera Corporation
  • Intel Corporation
  • IPG Photonics
  • Koninklijke Philips N.V.
  • Ocean Insight (Halma plc)
  • Teem Photonics

Methodology

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Table Information