Photonics Market by Product Type (LED and Lasers, Detectors, Sensors & Imaging Devices), Application (ICT and Production Tech.), End-Use Industry (Media, Broadcasting & Telecommunication and Consumer & Business Automation) - Global Forecast to 2023

Photonics Market by Product Type (LED and Lasers, Detectors, Sensors & Imaging Devices), Application (ICT and Production Tech.), End-Use Industry (Media, Broadcasting & Telecommunication and Consumer & Business Automation) - Global Forecast to 2023

“The photonics market is projected to grow at a CAGR of 7.0% from 2018 to 2023.”
The photonics market is projected to grow from USD 556.4 billion in 2018 to USD 780.4 billion by 2023, at a CAGR of 7.0%. The increased demand for photonics in applications such as displays, information & communication technology, photovoltaic, medical technology & life sciences, measurement & automated vision, lighting, and production technology is expected to drive the growth of the photonics market across the globe. Improved properties, such as better energy efficiency and longer lifespan, contribute to the increased demand for photonics. Growing digitalization and increasing preference for smart infrastructures and smart manufacturing are driving the consumption of these products in the global market. Regulations on some chemical substances used in the manufacturing of photonics products act as a restraint for the photonics market growth.

“The production technology application segment is projected to grow at the highest CAGR from 2018 to 2023.”
Among the applications, production technology segment of the photonics market is projected to grow at the highest CAGR during the forecast period, in terms of value. This expected high growth is attributed to the increasing use of photonics products to improve the process and energy efficiency of production technologies. Increasing adoption of digital model in production workflows resulting in smart manufacturing is also a driving factor for the market

“The LED segment is estimated to be the largest product type segment during the forecast period.”
Based on product type, the LED segment is estimated to lead the photonics market between 2018 and 2023. The growth of this segment is attributed to the increasing use of relatively higher energy-efficient LEDs in the lighting and display applications.

“The Asia Pacific photonics market is projected to grow at the highest CAGR during the forecast period.”
The Asia Pacific photonics market is projected to grow at the highest CAGR between 2018 and 2023, due to the growth of the region’s end-user industries, such as building & construction; media, broadcasting, & telecommunication; medical; industrial; and security & defense. Urbanization and the continuously growing population are also expected to increase the demand for photonics in this region.

Extensive primary interviews have been conducted to determine and verify the market size for several segments and subsegments.
The break-up of primary interviews has been given below.
By Company Type: Tier 1 - 50%, Tier 2 - 35%, and Tier 3 - 15%
By Designation: C Level - 50%, Director Level - 30%, and Others - 20%
By Region: North America - 45%, Europe - 25%, Asia Pacific - 20%, RoW - 10%

The companies profiled in this market research report include Signify (Netherlands), SCHOTT (Germany), Nikon (Japan), Shin-Etsu Chemical Company (Japan), HOYA (Japan), Corning (US), Asahi Glass (Japan), II-VI Inc.(US), OHARA (Japan), and American Elements (US).

Research Coverage:
This research report has categorized the photonics market on the basis of product type, application, end-use industry, and region. It includes detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the photonics market. A detailed analysis of the key players has been done to provide insights on their business overviews, products & services offered, and key strategies, such as investments & expansions and mergers & acquisitions, adopted by them to strengthen their position in the photonics market.

Reasons to buy the report:
The report is expected to help market leaders/new entrants in this market in the following ways:
1. This report comprehensively segments the photonics market and provides the closest approximations of the market sizes for the overall market and its sub-segments across different regions.
2. The report is expected to help the stakeholders understand the pulse of the market and provide them information on the key market drivers, restraints, challenges, and opportunities.
3. This report is also expected to help the stakeholders understand major competitors in the market and gain insights to enhance their competitive positions in the market. The competitive landscape section includes major industry players from different regions, contributing to the market.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • MARKET SEGMENTATION
      • REGIONS COVERED
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • DATA TRIANGULATION
    • ASSUMPTIONS
    • LIMITATIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN THE PHOTONICS MARKET
    • APAC PHOTONICS MARKET, BY PRODUCT TYPE AND COUNTRY
    • PHOTONICS MARKET, BY KEY COUNTRIES
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
    • PORTER'S FIVE FORCES ANALYSIS
      • BARGAINING POWER OF SUPPLIERS
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTES
      • BARGAINING POWER OF BUYERS
      • INTENSITY OF COMPETITIVE RIVALRY
  • PHOTONICS MARKET, BY PRODUCT TYPE
    • INTRODUCTION
      • Table PHOTONICS MARKET SIZE, BY PRODUCT TYPE, 2016-2023 (USD BILLION)
    • LED
      • INCREASING USAGE OF LED IN LIGHTING AND DISPLAY APPLICATIONS TO DRIVE ITS DEMAND DURING THE FORECAST PERIOD
        • Table LED: PHOTONICS MARKET SIZE, BY REGION, 2016-2023 (USD BILLION)
    • LASERS, DETECTORS, AND SENSORS & IMAGING DEVICES
      • THE ADOPTION PHOTONICS PRODUCTS IN VARIOUS APPLICATIONS IS DRIVING THIS PRODUCT TYPE SEGMENT
        • Table LASERS, DETECTORS, AND SENSORS & IMAGING DEVICES: PHOTONICS MARKET SIZE, BY REGION, 2016-2023 (USD BILLION)
    • OPTICAL COMMUNICATION SYSTEMS & COMPONENTS
      • TECHNOLOGICAL ADVANCEMENTS IN OPTICAL NETWORKS OFFERING HIGHER CAPACITY WITH LOWER COST IS LIKELY TO BOOST THE OPTICAL COMMUNICATION SYSTEMS & COMPONENTS SEGMENT
        • Table OPTICAL COMMUNICATION SYSTEMS & COMPONENTS: PHOTONICS MARKET SIZE, BY REGION, 2016-2023 (USD BILLION)
    • CONSUMER ELECTRONICS & DEVICES
      • INTEGRATED PRODUCTS WITH BETTER PERFORMANCE AND EFFICIENT DATA TRANSFER WILL INCREASE THE DEMAND FOR SMART DEVICES
        • Table CONSUMER ELECTRONICS & DEVICES: PHOTONICS MARKET SIZE, BY REGION, 2016-2023 (USD BILLION)
    • OTHERS
      • Table OTHERS: PHOTONICS MARKET SIZE, BY REGION, 2016-2023 (USD BILLION)
  • PHOTONICS MARKET, BY APPLICATION
    • INTRODUCTION
      • Table PHOTONICS MARKET SIZE, BY APPLICATION, 2016-2023 (USD BILLION)
    • DISPLAY
      • DISPLAY IN MOBILE DEVICES
      • DISPLAY IN TELEVISION
        • Table PHOTONICS MARKET SIZE IN DISPLAY, BY REGION, 2016-2023 (USD BILLION)
    • INFORMATION & COMMUNICATION TECHNOLOGY
      • DATA TRANSMISSION
      • DATA STORAGE
        • Table PHOTONICS MARKET SIZE IN INFORMATION & COMMUNICATION TECHNOLOGY, BY REGION, 2016-2023 (USD BILLION)
    • PHOTOVOLTAIC
      • THE RISING DEMAND FOR CLEAN ENERGY IS FUELING THE GROWTH OF THE PHOTOVOLTAIC SECTOR
        • Table PHOTONICS MARKET SIZE IN PHOTOVOLTAIC, BY REGION, 2016-2023 (USD BILLION)
    • MEDICAL TECHNOLOGY & LIFE SCIENCES
      • PHOTONICS IN MEDICAL DIAGNOSTICS
      • PHOTONICS IN SURGERIES
        • Table PHOTONICS MARKET SIZE IN MEDICAL TECHNOLOGY & LIFE SCIENCES, BY REGION, 2016-2023 (USD BILLION)
    • MEASUREMENT & AUTOMATED VISION
      • MEASURING INSTRUMENTS
      • AUTOMATED VISION
        • Table PHOTONICS MARKET SIZE IN MEASUREMENT & AUTOMATED VISION, BY REGION, 2016-2023 (USD BILLION)
    • LIGHTING
      • CFL
      • LED
        • Table PHOTONICS MARKET SIZE IN LIGHTING, BY REGION, 2016-2023 (USD BILLION)
    • PRODUCTION TECHNOLOGY
      • ADOPTION OF INDUSTRY 4.0 WILL DRIVE THE PRODUCTION TECHNOLOGY SEGMENT
        • Table PHOTONICS MARKET SIZE IN PRODUCTION TECHNOLOGY, BY REGION, 2016-2023 (USD BILLION)
    • OTHERS
      • Table PHOTONICS MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2016-2023 (USD BILLION)
  • PHOTONICS MARKET, BY END-USE INDUSTRY
    • INTRODUCTION
      • Table PHOTONICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD BILLION)
    • BUILDING & CONSTRUCTION
      • SMART CITIES CONSTRUCTION
        • Table PHOTONICS MARKET SIZE IN BUILDING & CONSTRUCTION, BY REGION, 2016-2023 (USD BILLION)
    • MEDIA, BROADCASTING & TELECOMMUNICATION
      • OPTICAL FIBERS WILL DRIVE THE MARKET IN THE MEDIA, BROADCASTING & TELECOMMUNICATION SEGMENT
        • Table PHOTONICS MARKET SIZE IN MEDIA, BROADCASTING & TELECOMMUNICATION, BY REGION, 2016-2023 (USD BILLION)
    • CONSUMER & BUSINESS AUTOMATION
      • NEED FOR IMPROVEMENT IN PROCESS EFFICIENCY AND IMPLEMENTATION OF INDUSTRY 4.0 ARE BOSOTING THE CONSUMER & BUSINESS AUTOMATION END-USE SEGMENT
        • Table PHOTONICS MARKET SIZE IN CONSUMER & BUSINESS AUTOMATION, BY REGION, 2016-2023 (USD BILLION)
    • MEDICAL
      • INCREASING DEMAND IN HEALTHCARE APPLICATIONS IS AUGMENTING THE MARKET IN THE MEDICAL DEVICES SEGMENT
        • Table PHOTONICS MARKET SIZE IN MEDICAL, BY REGION, 2016-2023 (USD BILLION)
    • SECURITY & DEFENSE
      • REQUIREMENT OF HI-TECH DEFENSE SYSTEMS IS INCREASING THE DEMAND FOR PHOTONICS IN THE SECURITY & DEFENSE END-USE INDUSTRY
        • Table PHOTONICS MARKET SIZE IN SECURITY & DEFENSE, BY REGION, 2016-2023 (USD BILLION)
    • INDUSTRIAL
      • REDUCING CARBON FOOTPRINT IN MANUFACTURING PLANTS IS FUELING THE PHOTONICS MARKET IN THE INDUSTRIAL SEGMENT
        • Table PHOTONICS MARKET SIZE IN INDUSTRIAL, BY REGION, 2016-2023 (USD BILLION)
    • OTHERS
      • Table PHOTONICS MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2016-2023 (USD BILLION)
  • PHOTONICS MARKET, BY REGION
    • INTRODUCTION
      • Table PHOTONICS MARKET SIZE, BY REGION, 2016-2023 (USD BILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA: PHOTONICS MARKET SIZE, BY COUNTRY, 2016-2023 (USD BILLION)
      • Table NORTH AMERICA: PHOTONICS MARKET SIZE, BY PRODUCT TYPE, 2016-2023 (USD BILLION)
      • Table NORTH AMERICA: PHOTONICS MARKET SIZE, BY APPLICATION, 2016-2023 (USD BILLION)
      • Table NORTH AMERICA: PHOTONICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD BILLION)
      • US
        • Table US: PHOTONICS MARKET SIZE, BY APPLICATION, 2016-2023 (USD BILLION)
        • Table US: PHOTONICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD BILLION)
      • CANADA
        • Table CANADA: PHOTONICS MARKET SIZE, BY APPLICATION, 2016-2023 (USD BILLION)
        • Table CANADA: PHOTONICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD BILLION)
      • MEXICO
        • Table MEXICO: PHOTONICS MARKET SIZE, BY APPLICATION, 2016-2023 (USD BILLION)
        • Table MEXICO: PHOTONICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD BILLION)
    • EUROPE
      • Table EUROPE: PHOTONICS MARKET SIZE, BY COUNTRY, 2016-2023 (USD BILLION)
      • Table EUROPE: PHOTONICS MARKET SIZE, BY PRODUCT TYPE, 2016-2023 (USD BILLION)
      • Table EUROPE: PHOTONICS MARKET SIZE, BY APPLICATION, 2016-2023 (USD BILLION)
      • Table EUROPE: PHOTONICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD BILLION)
      • GERMANY
        • Table GERMANY: PHOTONICS MARKET SIZE, BY APPLICATION, 2016-2023 (USD BILLION)
        • Table GERMANY: PHOTONICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD BILLION)
      • FRANCE
        • Table FRANCE: PHOTONICS MARKET SIZE, BY APPLICATION, 2016-2023 (USD BILLION)
        • Table FRANCE: PHOTONICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD BILLION)
      • THE NETHERLANDS
        • Table NETHERLANDS: PHOTONICS MARKET SIZE, BY APPLICATION, 2016-2023 (USD BILLION)
        • Table NETHERLANDS: PHOTONICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD BILLION)
      • UK
        • Table UK: PHOTONICS MARKET SIZE, BY APPLICATION, 2016-2023 (USD BILLION)
        • Table UK: PHOTONICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD BILLION)
      • ITALY
        • Table ITALY: PHOTONICS MARKET SIZE, BY APPLICATION, 2016-2023 (USD BILLION)
        • Table ITALY: PHOTONICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD BILLION)
      • SWITZERLAND
        • Table SWITZERLAND: PHOTONICS MARKET SIZE, BY APPLICATION, 2016-2023 (USD BILLION)
        • Table SWITZERLAND: PHOTONICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD BILLION)
      • REST OF EUROPE
        • Table REST OF EUROPE: PHOTONICS MARKET SIZE, BY APPLICATION, 2016-2023 (USD BILLION)
        • Table REST OF EUROPE: PHOTONICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD BILLION)
    • APAC
      • Table APAC: PHOTONICS MARKET SIZE, BY COUNTRY, 2016-2023 (USD BILLION)
      • Table APAC: PHOTONICS MARKET SIZE, BY PRODUCT TYPE, 2016-2023 (USD BILLION)
      • Table APAC: PHOTONICS MARKET SIZE, BY APPLICATION, 2016-2023 (USD BILLION)
      • Table APAC: PHOTONICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD BILLION)
      • JAPAN
        • Table JAPAN: PHOTONICS MARKET SIZE, BY APPLICATION, 2016-2023 (USD BILLION)
        • Table JAPAN: PHOTONICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD BILLION)
      • CHINA
        • Table CHINA: PHOTONICS MARKET SIZE, BY APPLICATION, 2016-2023 (USD BILLION)
        • Table CHINA: PHOTONICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD BILLION)
      • SOUTH KOREA
        • Table SOUTH KOREA: PHOTONICS MARKET SIZE, BY APPLICATION, 2016-2023 (USD BILLION)
        • Table SOUTH KOREA: PHOTONICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD BILLION)
      • INDIA
        • Table INDIA: PHOTONICS MARKET SIZE, BY APPLICATION, 2016-2023 (USD BILLION)
        • Table INDIA: PHOTONICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD BILLION)
      • TAIWAN
        • Table TAIWAN: PHOTONICS MARKET SIZE, BY APPLICATION, 2016-2023 (USD BILLION)
        • Table TAIWAN: PHOTONICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD BILLION)
      • REST OF APAC
        • Table REST OF APAC: PHOTONICS MARKET SIZE, BY APPLICATION, 2016-2023 (USD BILLION)
        • Table REST OF APAC: PHOTONICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD BILLION)
    • MIDDLE EAST & AFRICA
      • Table MIDDLE EAST & AFRICA: PHOTONICS MARKET SIZE, BY COUNTRY, 2016-2023 (USD BILLION)
      • Table MIDDLE EAST & AFRICA: PHOTONICS MARKET SIZE, BY PRODUCT TYPE, 2016-2023 (USD BILLION)
      • Table MIDDLE EAST & AFRICA: PHOTONICS MARKET SIZE, BY APPLICATION, 2016-2023 (USD BILLION)
      • Table MIDDLE EAST & AFRICA: PHOTONICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD BILLION)
      • SAUDI ARABIA
        • Table SAUDI ARABIA: PHOTONICS MARKET SIZE, BY APPLICATION, 2016-2023 (USD BILLION)
        • Table SAUDI ARABIA: PHOTONICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD BILLION)
      • SOUTH AFRICA
        • Table SOUTH AFRICA: PHOTONICS MARKET SIZE, BY APPLICATION, 2016-2023 (USD BILLION)
        • Table SOUTH AFRICA: PHOTONICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD BILLION)
      • REST OF THE MIDDLE EAST & AFRICA
        • Table REST OF THE MIDDLE EAST & AFRICA: PHOTONICS MARKET SIZE, BY APPLICATION, 2016-2023 (USD BILLION)
        • Table REST OF THE MIDDLE EAST & AFRICA: PHOTONICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD BILLION)
    • SOUTH AMERICA
      • Table SOUTH AMERICA: PHOTONICS MARKET SIZE, BY COUNTRY, 2016-2023 (USD BILLION)
      • Table SOUTH AMERICA: PHOTONICS MARKET SIZE, BY PRODUCT TYPE, 2016-2023 (USD BILLION)
      • Table SOUTH AMERICA: PHOTONICS MARKET SIZE, BY APPLICATION, 2016-2023 (USD BILLION)
      • Table SOUTH AMERICA: PHOTONICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD BILLION)
      • BRAZIL
        • Table BRAZIL: PHOTONICS MARKET SIZE, BY APPLICATION, 2016-2023 (USD BILLION)
        • Table BRAZIL: PHOTONICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD BILLION)
      • ARGENTINA
        • Table ARGENTINA: PHOTONICS MARKET SIZE, BY APPLICATION, 2016-2023 (USD BILLION)
        • Table ARGENTINA: PHOTONICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD BILLION)
      • REST OF SOUTH AMERICA
        • Table REST OF SOUTH AMERICA: PHOTONICS MARKET SIZE, BY APPLICATION, 2016-2023 (USD BILLION)
        • Table REST OF SOUTH AMERICA: PHOTONICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD BILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • COMPETITIVE SCENARIO
      • EXPANSION
        • Table EXPANSION, 2016-2019
      • NEW PRODUCT LAUNCH
        • Table NEW PRODUCT LAUNCH, 2016-2019
      • MERGER & ACQUISITION
        • Table MERGER & ACQUISITION, 2016-2019
      • AGREEMENT/PARTNERSHIP
        • Table AGREEMENT/PARTNERSHIP, 2016-2019
  • COMPANY PROFILES
    • SIGNIFY
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • SCHOTT
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • SHIN-ETSU CHEMICAL COMPANY
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • NIKON CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • HOYA
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • CORNING
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • AMERICAN ELEMENTS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • OHARA
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • ASAHI GLASS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • II-VI
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • OTHER COMPANIES
      • HUAWEI TECHNOLOGIES
      • CISCO SYSTEMS
      • COHERENT INC.
      • TRUMPF GROUP
      • GENERAL ELECTRIC COMPANY
      • TOSHIBA MEDICAL SYSTEMS CORPORATION (TOSHIBA CORPORATION)
      • HITACHI
      • EMERSON
      • SIEMENS
      • LG DISPLAY CO., LTD.
      • SAMSUNG ELECTRONICS
      • INNOLUX
      • OSRAM LICHT
      • TRINA SOLAR
      • IPG PHOTONICS
  • APPENDIX
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook