NORTH AMERICA PHOTONICS MARKET 2021-2028

ICT | Semiconductor

NORTH AMERICA PHOTONICS MARKET 2021-2028

Market by Product, Application, and Country | Forecast 2021-2028

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Triton’s report has established the photonics market in North America to expect growth at a CAGR of 7.41% during the forecast period 2021-2028.


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The countries studied in this market are:

•        United States

•        Canada

Presently, the country is witnessing a rise in the adoption of photonic for various applications, including telecommunications, data centers, and healthcare. In the region, the US dominates the studied market. The region’s growth can be attributed to the advanced industrial infrastructure, investment in R&D facilities, and the presence of prominent players. Additionally, the development of hyper-scale data centers is amplifying the adoption of photonics technology.

Furthermore, photonic devices are widely adopted in industrial applications as they ensure ease in automation and detection of wear and tear of machinery. Hence, the growing application of photonics devices is anticipated to offer growth opportunities to the photonics market across the United States and Canada.

In the US, companies like Facebook and Microsoft have enhanced the need to optimize the data transmission process for data centers. Additionally, several companies have invested in the growing photonics market, which adds to the market’s growth. Besides, the American Institute of Manufacturing Integrated Photonics collaborated with Analog Photonics to launch a silicon photonics process design kit for high speed optical communication. Hence, these developments and the presence of data centers are supplementing the growth of the photonics market across the country.

IPG Photonics Corporation is engaged in manufacturing fiber lasers and amplifiers for application in various sectors, such as communications, materials processing, and medical applications. The company also designs and manufacturers laser components, such as optical processing heads, beam switches, and chillers, among others. IPG Photonics has operations in various countries and is headquartered in Massachusetts, the United States. 

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Table of Content

1. NORTH AMERICA PHOTONICS MARKET - SUMMARY

2. INDUSTRY OUTLOOK

2.1. IMPACT OF COVID-19 ON PHOTONICS MARKET

2.2. KEY INSIGHTS

2.2.1. BROADENING APPLICATIONS OF SILICON PHOTONICS

2.2.2. NEED FOR HIGH-PERFORMANCE AND ECO-FRIENDLY SOLUTIONS

2.3. PORTER’S FIVE FORCES ANALYSIS

2.3.1. THREAT OF NEW ENTRANTS

2.3.2. THREAT OF SUBSTITUTE

2.3.3. BARGAINING POWER OF BUYERS

2.3.4. BARGAINING POWER OF SUPPLIERS

2.3.5. THREAT OF COMPETITIVE RIVALRY

2.4. MARKET ATTRACTIVENESS INDEX

2.5. VENDOR SCORECARD

2.6. INDUSTRY COMPONENTS

2.7. KEY MARKET STRATEGIES

2.7.1. ACQUISITIONS

2.7.2. PRODUCT LAUNCHES

2.7.3. PARTNERSHIPS

2.7.4. BUSINESS EXPANSIONS

2.8. MARKET DRIVERS

2.8.1. BANDWIDTH REQUIREMENT FOR HUGE AMOUNT OF DATA TRANSFER

2.8.2. GROWING FUNDING IN THE SILICON PHOTONICS INDUSTRY

2.9. MARKET CHALLENGES

2.9.1. COST CONSTRAINTS

2.9.2. STRINGENT GOVERNMENT AND ENVIRONMENTAL REGULATIONS

2.10. MARKET OPPORTUNITIES

2.10.1. INCREASING SMARTPHONE PENETRATION AND RISING INTERNET CONNECTIVITY

2.10.2. APPLICATIONS IN THE AUTOMOTIVE SECTOR

3. NORTH AMERICA PHOTONICS MARKET OUTLOOK - BY PRODUCT

3.1. WAVEGUIDES

3.2. OPTICAL MODULATORS

3.3. OPTICAL INTERCONNECTS

3.4. LED

3.5. WAVELENGTH DIVISION MULTIPLEXER (WDM) FILTERS

3.6. PHOTODETECTORS

3.7. LASERS

3.8. AMPLIFIERS

3.9. OTHER PRODUCT TYPES

4. NORTH AMERICA PHOTONICS MARKET OUTLOOK - BY APPLICATION

4.1. SECURITY, SURVEYING, & DETECTION

4.2. PRODUCTION TECHNOLOGY

4.3. DATA COMMUNICATION

4.4. IMAGE CAPTURE AND DISPLAY

4.5. MEDICAL TECHNOLOGY

4.6. LIGHTING

4.7. PHOTOVOLTAIC

4.8. OTHER APPLICATIONS (TRAFFIC, RESEARCH)

5. NORTH AMERICA PHOTONICS MARKET – REGIONAL OUTLOOK

5.1. UNITED STATES

5.2. CANADA

6. COMPETITIVE LANDSCAPE

6.1. 3S PHOTONICS

6.2. CARL ZEISS AG

6.3. FINISAR CORPORATION (II-VI INCORPORATED)

6.4. HAMAMATSU PHOTONICS KK

6.5. HUBER+SUHNER POLATIS PHOTONICS INC

6.6. INFINERA CORPORATION

6.7. INNOLUME GMBH

6.8. INTEL CORPORATION

6.9. INTERNATIONAL BUSINESS MACHINES CORPORATION (IBM)

6.10. IPG PHOTONICS CORPORATION

6.11. KONINKLIJKE PHILIPS NV

6.12. MOLEX LLC

6.13. NEC CORPORATION

6.14. OSRAM LICHT AG

6.15. SCHOTT AG

7. RESEARCH METHODOLOGY & SCOPE

7.1. RESEARCH SCOPE & DELIVERABLES

7.2. SOURCES OF DATA

7.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1: NORTH AMERICA PHOTONICS MARKET, BY COUNTRY, 2021-2028 (IN $ BILLION)           

TABLE 2: VENDOR SCORECARD        

TABLE 3: LIST OF ACQUISITIONS        

TABLE 4: LIST OF PRODUCT LAUNCHES     

TABLE 5: LIST OF PARTNERSHIPS & AGREEMENTS        

TABLE 6: LIST OF BUSINESS EXPANSIONS 

TABLE 7: SOME OF THE PROMISING FUNDING IN THE SILICON PHOTONICS          

TABLE 8: NORTH AMERICA PHOTONICS MARKET, BY PRODUCT, 2021-2028 (IN $ BILLION)           

TABLE 9: NORTH AMERICA PHOTONICS MARKET, BY APPLICATION, 2021-2028 (IN $ BILLION)       

TABLE 10: NORTH AMERICA PHOTONICS MARKET, BY COUNTRY, 2021-2028 (IN $ BILLION)                        

List of Figures

FIGURE 1: MARKET ATTRACTIVENESS INDEX       

FIGURE 2: INDUSTRY COMPONENTS

FIGURE 3: NORTH AMERICA PHOTONICS MARKET, BY WAVEGUIDES, 2021-2028 (IN $ BILLION)       

FIGURE 4: NORTH AMERICA PHOTONICS MARKET, BY OPTICAL MODULATORS, 2021-2028 (IN $ BILLION)         

FIGURE 5: NORTH AMERICA PHOTONICS MARKET, BY OPTICAL INTERCONNECTS, 2021-2028 (IN $ BILLION)           

FIGURE 6: NORTH AMERICA PHOTONICS MARKET, BY LED, 2021-2028 (IN $ BILLION)     

FIGURE 7: NORTH AMERICA PHOTONICS MARKET, BY WAVELENGTH DIVISION MULTIPLEXER (WDM) FILTERS, 2021-2028 (IN $ BILLION)           

FIGURE 8: NORTH AMERICA PHOTONICS MARKET, BY PHOTODETECTORS, 2021-2028 (IN $ BILLION)       

FIGURE 9: NORTH AMERICA PHOTONICS MARKET, BY LASERS, 2021-2028 (IN $ BILLION)           

FIGURE 10: NORTH AMERICA PHOTONICS MARKET, BY AMPLIFIERS, 2021-2028 (IN $ BILLION)       

FIGURE 11: NORTH AMERICA PHOTONICS MARKET, BY OTHER PRODUCT TYPES, 2021-2028 (IN $ BILLION)           

FIGURE 12: NORTH AMERICA PHOTONICS MARKET, BY SECURITY, SURVEYING & DETECTION, 2021-2028 (IN $ BILLION)

FIGURE 13: NORTH AMERICA PHOTONICS MARKET, BY PRODUCTION TECHNOLOGY, 2021-2028 (IN $ BILLION)           

FIGURE 14: NORTH AMERICA PHOTONICS MARKET, BY DATA COMMUNICATION, 2021-2028 (IN $ BILLION)         

FIGURE 15: NORTH AMERICA PHOTONICS MARKET, BY IMAGE CAPTURE AND DISPLAY, 2021-2028 (IN $ BILLION) 

FIGURE 16: NORTH AMERICA PHOTONICS MARKET, BY MEDICAL TECHNOLOGY, 2021-2028 (IN $ BILLION)         

FIGURE 17: NORTH AMERICA PHOTONICS MARKET, BY LIGHTING, 2021-2028 (IN $ BILLION)           

FIGURE 18: NORTH AMERICA PHOTONICS MARKET, BY PHOTOVOLTAIC, 2021-2028 (IN $ BILLION)       

FIGURE 19: NORTH AMERICA PHOTONICS MARKET, BY OTHER APPLICATIONS (TRAFFIC, RESEARCH), 2021-2028 (IN $ BILLION)           

FIGURE 20: NORTH AMERICA PHOTONICS MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)      

FIGURE 21: UNITED STATES PHOTONICS MARKET 2021-2028 (IN $ BILLION)          

FIGURE 22: CANADA PHOTONICS MARKET 2021-2028 (IN $ BILLION)  

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