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Photonics Market Size, Share & Trends Analysis Report By Products, By Application, By Region, And Segment Forecasts, 2025 - 2030

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  • 100 Pages
  • December 2024
  • Region: Global
  • Grand View Research
  • ID: 6040899
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Photonics Market Growth & Trends

The global photonics market size is expected to reach USD 1.30 trillion by 2030, registering a CAGR of 4.8% from 2025 to 2030. The prospects for market growth can be attributed to rapid innovations in the industry for the development of technologically-enhanced products and related services, as well as growing opportunities for the new market development.

Photonics is regarded as one of the Key Enabling Technologies (KETs) in the recent past, leading to the development of new products and services with substantial economic benefits. The broad diversity of devices with photonic-based components is expected to impact the global demand for this technology positively. Photonics is a technologically advanced field, being at the forefront of innovation and R&D and is thus presumed to incorporate substantial growth prospects over the forecast period.

The industry encompasses a broad scope of applications based on photonic-based products, which are anticipated to drive the dynamic emergence of new economic activities in the potential markets. The emergence of green and sustainable photonic-based solutions, such as Photovoltaic (PV) solar cells, is envisioned to drive the industry over the forecast period, owing to the increasing support by both local governments and consumers.

The industry encompasses substantial opportunities for growth over the next eight years. The key impact of photonics technology on energy supply is presumed to offer enhanced PV efficiency in the next-generation solar cells to make PV cost-competitive with fossil fuel electricity generation. Advanced products, such as polycrystalline silicon PV, thin film PV, dye-sensitized PV, and further new developments, such as embedding nanoparticles into solar cells and nanostructure substrates, are expected to boost the demand for photonic components in renewable energy sources over the forecast period.

However, significant initial investments and absence of proper international standards in the technology are expected to challenge the industry growth over the forecast period. The high cost of technology and risk of thermal effect haveled to the limited commercialization of this technology worldwide. Moreover, technology obsolescence and growing presence of counterfeit technologies across the globe are anticipated to challenge the industry growth in the near future.

Photonics Market Report Highlights

  • The photo detectors segment dominated the market with a revenue share of 18.8% in 2024. This dominance can be attributed to the growing demand for efficient light detection technologies across various applications, including telecommunications, consumer electronics, and industrial automation.
  • The display segment dominated the market with the highest share in 2024, reflecting a robust demand for high-quality visual technologies. Innovations in display technologies, including organic light-emitting diodes (OLEDs) and liquid crystal displays (LCDs), have enhanced consumer electronics and industrial applications.
  • The North America photonics market dominated the global market with a revenue share of 35.5% in 2024, driven by the region's strong technological infrastructure and extensive investment in research and development.
  • The Asia Pacific photonics market is anticipated to grow at the highest CAGR during the forecast period, driven by rapid technological advancements and increasing investments in research and development.

Why should you buy this report?

  • Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
  • Competitive Landscape: Explore the market presence of key players worldwide.
  • Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
  • Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.

This report addresses:

  • Market intelligence to enable effective decision-making
  • Market estimates and forecasts from 2018 to 2030
  • Growth opportunities and trend analyses
  • Segment and regional revenue forecasts for market assessment
  • Competition strategy and market share analysis
  • Product innovation listing for you to stay ahead of the curve
  • COVID-19's impact and how to sustain in these fast-evolving markets

This product will be delivered within 1-3 business days.

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Snapshot
2.2. Segment Snapshot
2.3. Competitive Landscape Snapshot
Chapter 3. Photonics Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Market Dynamics
3.2.1. Market Driver Analysis
3.2.2. Market Restraint Analysis
3.2.3. Industry Challenge
3.3. Industry Analysis Tools
3.3.1. PORTER’s Analysis
3.3.1.1. Bargaining power of the suppliers
3.3.1.2. Bargaining power of the buyers
3.3.1.3. Threats of substitution
3.3.1.4. Threats from new entrants
3.3.1.5. Competitive rivalry
3.3.2. PESTEL Analysis
3.3.2.1. Political landscape
3.3.2.2. Economic and social landscape
3.3.2.3. Technological landscape
Chapter 4. Photonics Market: Products Estimates & Trend Analysis
4.1. Photonics Market, By Products: Key Takeaways
4.2. Products Movement Analysis & Market Share, 2024 & 2030
4.3. Market Estimates & Forecasts, By Products, 2018 - 2030 (USD Billion)
4.3.1. Waveguides
4.3.1.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
4.3.2. Optical Modulators
4.3.2.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
4.3.3. Optical Interconnects
4.3.3.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
4.3.4. LED
4.3.4.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
4.3.5. WDM Filters
4.3.5.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
4.3.6. Photo Detectors
4.3.6.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
4.3.7. Lasers
4.3.7.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
4.3.8. Amplifiers
4.3.8.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
4.3.9. Others
4.3.9.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 5. Photonics Market: Application Estimates & Trend Analysis
5.1. Photonics Market, By Application: Key Takeaways
5.2. Application Movement Analysis & Market Share, 2024 & 2030
5.3. Market Estimates & Forecasts, By Application, 2018 - 2030 (USD Billion)
5.3.1. Consumer Electronics
5.3.1.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
5.3.2. Displays
5.3.2.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
5.3.3. Safety and Defense Technology
5.3.3.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
5.3.4. Communication
5.3.4.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
5.3.5. Metrology
5.3.5.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
5.3.6. Sensing
5.3.6.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
5.3.7. Medical and Healthcare
5.3.7.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
5.3.8. HPC
5.3.8.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
5.3.9. Others
5.3.9.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 6. Photonics Market: Regional Estimates & Trend Analysis
6.1. Photonics Market: Regional Outlook
6.2. Regional Marketplaces: Key Takeaways
6.3. Market Estimates & Forecasts, by Region, 2018 - 2030 (USD Billion)
6.4. North America
6.4.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.4.2. U.S.
6.4.2.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.4.3. Canada
6.4.3.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.4.4. Mexico
6.4.4.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.5. Europe
6.5.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.5.2. UK
6.5.2.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.5.3. Germany
6.5.3.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.5.4. France
6.5.4.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.6. Asia Pacific
6.6.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.6.2. China
6.6.2.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.6.3. Japan
6.6.3.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.6.4. India
6.6.4.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.6.5. Australia
6.6.5.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.6.6. South Korea
6.6.6.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.7. Latin America
6.7.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.7.2. Brazil
6.7.2.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.8. Middle East and Africa
6.8.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.8.2. UAE
6.8.2.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.8.3. KSA
6.8.3.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.8.4. South Africa
6.8.4.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 7. Competitive Landscape
7.1. Company Categorization
7.2. Company Market Positioning
7.3. Company Heat Map Analysis
7.4. Company Profiles/Listing
7.4.1. 3SP TECHNOLOGIES S.A.S.
7.4.1.1. Company Overview
7.4.1.2. Financial Performance
7.4.1.3. Product Portfolio
7.4.1.4. Recent Developments/ Strategic Initiatives
7.4.2. Coherent Corp.
7.4.2.1. Company Overview
7.4.2.2. Financial Performance
7.4.2.3. Product Portfolio
7.4.2.4. Recent Developments/ Strategic Initiatives
7.4.3. Hamamatsu Photonics K.K.
7.4.3.1. Company Overview
7.4.3.2. Financial Performance
7.4.3.3. Product Portfolio
7.4.3.4. Recent Developments/ Strategic Initiatives
7.4.4. TRUMPF
7.4.4.1. Company Overview
7.4.4.2. Financial Performance
7.4.4.3. Product Portfolio
7.4.4.4. Recent Developments/ Strategic Initiatives
7.4.5. Lumentum Operations LLC
7.4.5.1. Company Overview
7.4.5.2. Financial Performance
7.4.5.3. Product Portfolio
7.4.5.4. Recent Developments/ Strategic Initiatives
7.4.6. Infinera Corporation
7.4.6.1. Company Overview
7.4.6.2. Financial Performance
7.4.6.3. Product Portfolio
7.4.6.4. Recent Developments/ Strategic Initiatives
7.4.7. INNOLUME
7.4.7.1. Company Overview
7.4.7.2. Financial Performance
7.4.7.3. Product Portfolio
7.4.7.4. Recent Developments/ Strategic Initiatives
7.4.8. IPG Photonics Corporation
7.4.8.1. Company Overview
7.4.8.2. Financial Performance
7.4.8.3. Product Portfolio
7.4.8.4. Recent Developments/ Strategic Initiatives
7.4.9. Cisco Systems, Inc.
7.4.9.1. Company Overview
7.4.9.2. Financial Performance
7.4.9.3. Product Portfolio
7.4.9.4. Recent Developments/ Strategic Initiatives
7.4.10. Luna Innovations Incorporated
7.4.10.1. Company Overview
7.4.10.2. Financial Performance
7.4.10.3. Product Portfolio
7.4.10.4. Recent Developments/ Strategic Initiatives
List of Tables
Table 1 Global photonics market: Key market driver analysis
Table 2 Global photonics market: Key market restraint analysis
Table 3 Global photonics market estimates & forecast, by products (USD Billion)
Table 4 Global photonics market estimates & forecast, by application (USD Billion)
Table 5 Global photonics market estimates & forecast, by region (USD Billion)
Table 6 North America Photonics market estimates and forecast, by country, 2018 - 2030 (USD Billion)
Table 7 North America photonics market estimates and forecast, by products, 2018 - 2030 (USD Billion)
Table 8 North America photonics market estimates and forecast, by application, 2018 - 2030 (USD Billion)
Table 9 U.S. photonics market estimates and forecast, 2018 - 2030 (USD Billion)
Table 10 U.S. photonics market estimates and forecast, by products, 2018 - 2030 (USD Billion)
Table 11 U.S. photonics market estimates and forecast, by application, 2018 - 2030 (USD Billion)
Table 12 Canada photonics market estimates and forecast, 2018 - 2030 (USD Billion)
Table 13 Canada photonics market estimates and forecast, by products, 2018 - 2030 (USD Billion)
Table 14 Canada photonics market estimates and forecast, by application, 2018 - 2030 (USD Billion)
Table 15 Mexico photonics market estimates and forecast, 2018 - 2030 (USD Billion)
Table 16 Mexico photonics market estimates and forecast, by products, 2018 - 2030 (USD Billion)
Table 17 Mexico photonics market estimates and forecast, by application, 2018 - 2030 (USD Billion)
Table 18 Europe photonics market estimates and forecast, by country, 2018 - 2030 (USD Billion)
Table 19 Europe photonics market estimates and forecast, by products, 2018 - 2030 (USD Billion)
Table 20 Europe photonics market estimates and forecast, by application, 2018 - 2030 (USD Billion)
Table 21 UK photonics market estimates and forecast, 2018 - 2030 (USD Billion)
Table 22 UK photonics market estimates and forecast, by products, 2018 - 2030 (USD Billion)
Table 23 UK photonics market estimates and forecast, by application, 2018 - 2030 (USD Billion)
Table 24 Germany photonics market estimates and forecast, 2018 - 2030 (USD Billion)
Table 25 Germany photonics market estimates and forecast, by products, 2018 - 2030 (USD Billion)
Table 26 Germany photonics market estimates and forecast, by application, 2018 - 2030 (USD Billion)
Table 27 France photonics market estimates and forecast, 2018 - 2030 (USD Billion)
Table 28 France photonics market estimates and forecast, by products, 2018 - 2030 (USD Billion)
Table 29 France photonics market estimates and forecast, by application, 2018 - 2030 (USD Billion)
Table 30 Asia Pacific photonics market estimates and forecast, by country, 2018 - 2030 (USD Billion)
Table 31 Asia Pacific photonics market estimates and forecast, by products, 2018 - 2030 (USD Billion)
Table 32 Asia Pacific photonics market estimates and forecast, by application, 2018 - 2030 (USD Billion)
Table 33 China photonics market estimates and forecast, 2018 - 2030 (USD Billion)
Table 34 China photonics market estimates and forecast, by products, 2018 - 2030 (USD Billion)
Table 35 China photonics market estimates and forecast, by application, 2018 - 2030 (USD Billion)
Table 36 India photonics market estimates and forecast, 2018 - 2030 (USD Billion)
Table 37 India photonics market estimates and forecast, by products, 2018 - 2030 (USD Billion)
Table 38 India photonics market estimates and forecast, by application, 2018 - 2030 (USD Billion)
Table 39 Japan photonics market estimates and forecast, 2018 - 2030 (USD Billion)
Table 40 Japan photonics market estimates and forecast, by products, 2018 - 2030 (USD Billion)
Table 41 Japan photonics market estimates and forecast, by application, 2018 - 2030 (USD Billion)
Table 42 Australia photonics market estimates and forecast, 2018 - 2030 (USD Billion)
Table 43 Australia photonics market estimates and forecast, by products, 2018 - 2030 (USD Billion)
Table 44 Australia photonics market estimates and forecast, by application, 2018 - 2030 (USD Billion)
Table 45 South Korea photonics market estimates and forecast, 2018 - 2030 (USD Billion)
Table 46 South Korea photonics market estimates and forecast, by products, 2018 - 2030 (USD Billion)
Table 47 South Korea photonics market estimates and forecast, by application, 2018 - 2030 (USD Billion)
Table 48 Latin America photonics market estimates and forecast, by country, 2018 - 2030 (USD Billion)
Table 49 Latin America photonics market estimates and forecast, by products, 2018 - 2030 (USD Billion)
Table 50 Latin America photonics market estimates and forecast, by application, 2018 - 2030 (USD Billion)
Table 51 Brazil photonics market estimates and forecast, 2018 - 2030 (USD Billion)
Table 52 Brazil photonics market estimates and forecast, by products, 2018 - 2030 (USD Billion)
Table 53 Brazil photonics market estimates and forecast, by application, 2018 - 2030 (USD Billion)
Table 54 Middle East & Africa photonics market estimates and forecast, by country, 2018 - 2030 (USD Billion)
Table 55 Middle East & Africa photonics market estimates and forecast, by products, 2018 - 2030 (USD Billion)
Table 56 Middle East & Africa photonics market estimates and forecast, by application, 2018 - 2030 (USD Billion)
Table 57 UAE photonics market estimates and forecast, 2018 - 2030 (USD Billion)
Table 58 UAE photonics market estimates and forecast, by products, 2018 - 2030 (USD Billion)
Table 59 UAE photonics market estimates and forecast, by application, 2018 - 2030 (USD Billion)
Table 60 KSA photonics market estimates and forecast, 2018 - 2030 (USD Billion)
Table 61 KSA photonics market estimates and forecast, by products, 2018 - 2030 (USD Billion)
Table 62 KSA photonics market estimates and forecast, by application, 2018 - 2030 (USD Billion)
Table 63 South Africa photonics market estimates and forecast, 2018 - 2030 (USD Billion)
Table 64 South Africa photonics market estimates and forecast, by products, 2018 - 2030 (USD Billion)
Table 65 South Africa photonics market estimates and forecast, by application, 2018 - 2030 (USD Billion)
Table 66 Recent developments & impact analysis, by key market participants
Table 67 Company heat map analysis, 2024
Table 68 Companies implementing key strategies
List of Figures
Fig. 1 Photonics market segmentation
Fig. 2 Market research process
Fig. 3 Information procurement
Fig. 4 Primary research pattern
Fig. 5 Market research approaches
Fig. 6 Value chain-based sizing & forecasting
Fig. 7 Parent market analysis
Fig. 8 Market formulation & validation
Fig. 9 Photonics market snapshot
Fig. 10 Photonics market segment snapshot
Fig. 11 Photonics market competitive landscape snapshot
Fig. 12 Market research process
Fig. 13 Market driver relevance analysis (Current & future impact)
Fig. 14 Market restraint relevance analysis (Current & future impact)
Fig. 15 Photonics market estimates & forecast, by products (USD Billion)
Fig. 16 Waveguides market estimates & forecasts, 2018 - 2030 (USD Billion)
Fig. 17 Optical modulators market estimates & forecasts, 2018 - 2030 (USD Billion)
Fig. 18 Optical interconnects market estimates & forecasts, 2018 - 2030 (USD Billion)
Fig. 19 LED market estimates & forecasts, 2018 - 2030 (USD Billion)
Fig. 20 WDM filters market estimates & forecasts, 2018 - 2030 (USD Billion)
Fig. 21 Photo detectors market estimates & forecasts, 2018 - 2030 (USD Billion)
Fig. 22 Lasers market estimates & forecasts, 2018 - 2030 (USD Billion)
Fig. 23 Amplifiers market estimates & forecasts, 2018 - 2030 (USD Billion)
Fig. 24 Others market estimates & forecasts, 2018 - 2030 (USD Billion)
Fig. 25 Photonics market estimates & forecast, by application (USD Billion)
Fig. 26 Consumer electronics market estimates & forecasts, 2018 - 2030 (USD Billion)
Fig. 27 Displays market estimates & forecasts, 2018 - 2030 (USD Billion)
Fig. 28 Safety and defense Technology market estimates & forecasts, 2018 - 2030 (USD Billion)
Fig. 29 Communication market estimates & forecasts, 2018 - 2030 (USD Billion)
Fig. 30 Metrology market estimates & forecasts, 2018 - 2030 (USD Billion)
Fig. 31 Sensing market estimates & forecasts, 2018 - 2030 (USD Billion)
Fig. 32 Medical and healthcare market estimates & forecasts, 2018 - 2030 (USD Billion)
Fig. 33 HPC market estimates & forecasts, 2018 - 2030 (USD Billion)
Fig. 34 Others market estimates & forecasts, 2018 - 2030 (USD Billion)
Fig. 35 Regional marketplace: Key takeaways
Fig. 36 North America photonics market estimates & forecast, 2018 - 2030 (USD Billion)
Fig. 37 US photonics market estimates & forecast, 2018 - 2030 (USD Billion)
Fig. 38 Canada photonics market estimates & forecast, 2018 - 2030 (USD Billion)
Fig. 39 Mexico photonics market estimates & forecast, 2018 - 2030 (USD Billion)
Fig. 40 Europe photonics market estimates & forecast, 2018 - 2030 (USD Billion)
Fig. 41 Germany photonics market estimates & forecast, 2018 - 2030 (USD Billion)
Fig. 42 UK photonics market estimates & forecast, 2018 - 2030 (USD Billion)
Fig. 43 France photonics market estimates & forecast, 2018 - 2030 (USD Billion)
Fig. 44 Asia Pacific photonics market estimates & forecast, 2018 - 2030 (USD Billion)
Fig. 45 China photonics market estimates & forecast, 2018 - 2030 (USD Billion)
Fig. 46 India photonics market estimates & forecast, 2018 - 2030 (USD Billion)
Fig. 47 Japan photonics market estimates & forecast, 2018 - 2030 (USD Billion)
Fig. 48 Australia photonics market estimates & forecast, 2018 - 2030 (USD Billion)
Fig. 49 South Korea photonics market estimates & forecast, 2018 - 2030 (USD Billion)
Fig. 50 Latin America photonics market estimates & forecast, 2018 - 2030 (USD Billion)
Fig. 51 Brazil photonics market estimates & forecast, 2018 - 2030 (USD Billion)
Fig. 52 Middle East & Africa photonics market estimates & forecast, 2018 - 2030 (USD Billion)
Fig. 53 UAE photonics market estimates & forecast, 2018 - 2030 (USD Billion)
Fig. 54 KSA photonics market estimates & forecast, 2018 - 2030 (USD Billion)
Fig. 55 South Africa photonics market estimates & forecast, 2018 - 2030 (USD Billion)
Fig. 56 Strategy framework
Fig. 57 Company categorization

Companies Mentioned

  • 3SP TECHNOLOGIES S.A.S.
  • Coherent Corp.
  • Hamamatsu Photonics K.K.
  • TRUMPF
  • Lumentum Operations LLC
  • Infinera Corporation
  • INNOLUME
  • IPG Photonics Corporation
  • Cisco Systems, Inc.
  • Luna Innovations Incorporated

Methodology

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Table Information

Report AttributeDetails
No. of Pages100
PublishedDecember 2024
Forecast Period2024 - 2030
Estimated Market Value ( USD ) in 2024 $ 979.9 billion
Forecasted Market Value ( USD ) by 2030 $ 1300 billion
Compound Annual Growth Rate4.8%
Regions CoveredGlobal
No. of Companies Mentioned10

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