Photonics includes the array of technologies, devices, goods, and processes that create, transmit, transform, sense, and/or manipulate light in any form, hue, or setting. Photonics is a distinctive fusion of classical and quantum physics, semiconductor technology, waveguide systems, nanotechnology, and innovations in optical materials.
While photonics represents the discipline and technology involved with photons, the fundamental units of light, numerous photonics products and procedures leverage the wave-like characteristics of light. Photonics means the use of light in any capacity, regardless of the underlying principles, often utilizing both classical and quantum perspectives.
The Photonics industry analysis anticipates a compound annual growth rate (CAGR) of 6.8% between 2024 and 2034, with the worldwide Photonics market expected to reach a size of USD 1,026.38 Billion by 2034, following a typical growth trajectory. The global revenue for the Photonics sector is projected to reach USD 836.83 Billion in 2024.
Request Sample: https://wemarketresearch.com/reports/request-free-sample-pdf/photonics-market/1612
Global Photonics Market Scope
Report Attributes
Description: Global Photonics Market Analysis and Forecast
Market Size in 2024: USD 836.83 Billion
Market Forecast in 2034: USD 1,026.38 Billion
CAGR % 2024-2034: 6.8%
Base Year: 2023
Historical Data: 2019-2023
Forecast Period: 2024-2034
Market Segments
By Product Type
Lighting Devices
Displays
Optical Components
Sensors
Communication Devices
Photovoltaics
Others
By Material
Glass
Polymers
Silicon
Quartz
Others
By Application
Telecommunication
Healthcare
Aerospace & Defense
Industrial Manufacturing
Consumer Electronics
Energy
Automotive
Others
Key Market Players
Trump
IPG Photonics Corporation
Hamamatsu Photonics KK
Lumentum Holdings Inc.
Coherent Corp.
Jenoptik AG
Excelitas Technologies Corp.
Corning Incorporated
Schott AG
ASML Holding
nLIGHT, Inc.
NKT Photonics A/S
Recent Developments
In October 2023, a Silicon Photonics Research Center of Excellence was announced to be launched at IIT Madras with financial support from the MeitY. The facility is expected to bring critical training and improve the future ecosystem of PIC (photonic integrated circuit) production in India.
In July 2024, LPC, a global leader in the development of industrial laser systems announced moving to a new facility in Lake Mary, Florida. The area of a new 50,000-square-foot facility will allow for meeting the increasing demand for laser systems with the growing demand from the material processing industry and other industries applying welding and cutting technology.
Quick Buy: https://wemarketresearch.com/purchase/photonics-market/1612?license=single
Applications with specific photonics terms
Astronomy / telescope / Earth observation
Augmented / virtual reality
Autonomous sensing
Bio-photonics
Directed Energy
Lighting / Solid-state lighting
Machine vision
Materials processing
Laser based cutting, welding, marking, joining, peening, texturing, 3D printing
Microscopy / microscope
Observation
optical communications,
Quantum photonics
Situation awareness
Solar power
Spectroscopy / spectral
Key Takeaways
The report provides detailed insights into the photonics market, for clients to understand the primary drivers and opportunities.
The report includes recent developments, and market sizing, including overall data, segment data, market-share data, growth and expansion data, profit and extract revenue data, and other substantial information.
The study includes technological innovations and preliminary trends that will help to find a competitive edge in the photonics market.
Understanding regional descriptions helps the client to distinguish demands for the photonics market across the regions and fill it to the target marketplace.
Table of Contents – Major Key Points
- Introduction
- Industry Flowchart
- Research Methodology
- Market Dynamics
- Porter's 5 Forces Model
- Pest Analysis
- Photonics Market Segmentation, By Type
- Photonics Market Segmentation, By Application
- Photonics Market Segmentation, By End-Use Industry
- Regional Analysis
- Company Profiles
- Competitive Landscape
- Use Cases and Best Practices
- Conclusion
Explore More Reports:
PCR Technologies Market: https://wemarketresearch.com/reports/polymerase-chain-reaction-market/1590
IoT in Smart Cities Market: https://wemarketresearch.com/reports/iot-in-smart-cities-market/1591
Enzymes Market: https://wemarketresearch.com/reports/enzymes-market/1592
Request For Customization: https://wemarketresearch.com/customization/photonics-market/1612
About Us Market Research:
At We Market Research, we are passionate about data, insights, and helping businesses thrive in an ever-evolving marketplace. Our journey began with a simple yet profound belief: Informed decisions lead to sustainable success. With this principle at our core, we've grown into a dynamic and innovative market research company dedicated to providing you with the knowledge and strategies you need to navigate the complexities of your industry.
We provide a comprehensive range of research services, including brand perception research, pricing analysis, customer segmentation, competitive analysis, product development and innovation studies, market sizing and forecasts, and more. Our objective is to give our clients a comprehensive insight of their market environment so they can improve their competitive advantage, optimize their strategy, and drive growth.
Contact Us:
Robbin Joseph
Phone: +17246183925
Email: sales@wemarketresearch.com
Location: United States 99 WALL STREET, #2124 NEW YORK, NY 10005