Market by Product, Application, and Geography | Forecast 2021-2028
As per Triton Market Research, the global photonics market was valued at $459.92 billion in 2020 and is expected to reach $921.66 billion by 2028, growing at a CAGR of 8.15% during the forecast period.
Triton’s research report on the
photonics market provides an in-depth insight into the market. The detailed analysis
of the market includes key insights, Porter’s five forces analysis, market attractiveness
index, vendor scorecard, key strategies, and impact of COVID-19.
The growing need for advanced
data transmission technologies is majorly driving the photonics market. For
instance, the use of fiber optic technology to replace copper interconnects has
been the norm in the data center environment to facilitate faster data
transmission. Here, photonic technology has emerged as a potential solution to
overcome the limitations posed by traditional methods. Moreover, photonics
holds the potential to speed up transmission up to 100 Gbps. Additionally,
several major companies such as Kothura, Intel, and IBM are striving to achieve
breakthroughs using this technology.
Furthermore, among the major
opportunities is the deployment of photonics in the automotive sectors,
especially in autonomous driving and the Advanced Driver Assistance System
(ADAS). These autonomous vehicles and ADAS require photodetectors that help
identify objects based on light. Besides, photonics can improve multiple areas,
including lighting, vision systems, and driver assistance within the sector.
Other than this, photonics technology can enable advances like high-performance
electric vehicles and perform key functions such as improving media
communication networks.
However, the high cost of silicon-enabled products and devices compared to conventional products negatively impacts the growth of technology in various fields. Moreover, photonics-based devices remain inaccessible to many small-and-medium-sized end-users in multiple verticals due to this high cost.
Key
geographies covered in the global photonics market are:
• North America: United States and Canada
• Europe: United Kingdom, France, Germany, Spain, Italy,
Russia, and Rest of Europe
• Asia-Pacific: China, Japan, India, Australia, South Korea,
ASEAN Countries, and Rest of Asia-Pacific
• Latin America: Brazil, Mexico, and Rest of Latin America
• Middle East and Africa: Saudi Arabia, Turkey, United Arab
Emirates, South Africa, and Rest of Middle East & Africa
The
segmentation analysis of the photonics market consists of:
• Market by Product:
o Waveguides
o Optical
Modulators
o Optical
Interconnects
o LED
o Wavelength
Division Multiplexer (WDM) Filters
o Photodetectors
o Lasers
o Amplifiers
o Other
Product Types
• Market by Application:
o Security,
Surveying, & Detection
o Production
Technology
o Data
Communication
o Image
Capture & Display
o Medical
Technology
o Lighting
o Photovoltaic
o Other
Applications (Traffic, Research)
The widely known
companies in the photonics market include Hamamatsu Photonics KK, International
Business Machines Corporation (IBM), Koninklijke Philips NV, Schott AG, Innolume
GmbH, Finisar Corporation (II-VI Incorporated), 3S Photonics, IPG Photonics
Corporation, Huber+Suhner Polatis Photonics Inc, Molex LLC, Osram Licht AG, Infinera
Corporation, Carl Zeiss AG, NEC Corporation, and Intel Corporation.
Market by Technology (Data ana ..
VIEW REPORT1. GLOBAL
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 FORCE 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. GLOBAL
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. GLOBAL
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. GLOBAL
PHOTONICS MARKET – REGIONAL OUTLOOK
5.1. NORTH
AMERICA
5.1.1. MARKET
BY PRODUCT
5.1.2. MARKET
BY APPLICATION
5.1.3. COUNTRY
ANALYSIS
5.1.3.1. UNITED
STATES
5.1.3.2. CANADA
5.2. EUROPE
5.2.1. MARKET
BY PRODUCT
5.2.2. MARKET
BY APPLICATION
5.2.3. COUNTRY
ANALYSIS
5.2.3.1. UNITED
KINGDOM
5.2.3.2. GERMANY
5.2.3.3. FRANCE
5.2.3.4. SPAIN
5.2.3.5. ITALY
5.2.3.6. RUSSIA
5.2.3.7. REST
OF EUROPE
5.3. ASIA-PACIFIC
5.3.1. MARKET
BY PRODUCT
5.3.2. MARKET
BY APPLICATION
5.3.3. COUNTRY
ANALYSIS
5.3.3.1. CHINA
5.3.3.2. JAPAN
5.3.3.3. INDIA
5.3.3.4. SOUTH
KOREA
5.3.3.5. ASEAN
COUNTRIES
5.3.3.6. AUSTRALIA
& NEW ZEALAND
5.3.3.7. REST
OF ASIA-PACIFIC
5.4. LATIN
AMERICA
5.4.1. MARKET
BY PRODUCT
5.4.2. MARKET
BY APPLICATION
5.4.3. COUNTRY
ANALYSIS
5.4.3.1. BRAZIL
5.4.3.2. MEXICO
5.4.3.3. REST
OF LATIN AMERICA
5.5. MIDDLE
EAST AND AFRICA
5.5.1. MARKET
BY PRODUCT
5.5.2. MARKET
BY APPLICATION
5.5.3. COUNTRY
ANALYSIS
5.5.3.1. UNITED
ARAB EMIRATES
5.5.3.2. SAUDI
ARABIA
5.5.3.3. TURKEY
5.5.3.4. SOUTH
AFRICA
5.5.3.5. REST
OF MIDDLE EAST & AFRICA
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
TABLE 1: GLOBAL
PHOTONICS MARKET, BY GEOGRAPHY, 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 SILICON PHOTONICS
TABLE 8: GLOBAL
PHOTONICS MARKET, BY PRODUCT, 2021-2028 (IN $ BILLION)
TABLE 9: GLOBAL
PHOTONICS MARKET, BY APPLICATION, 2021-2028 (IN $ BILLION)
TABLE 10: GLOBAL
PHOTONICS MARKET, BY GEOGRAPHY, 2021-2028 (IN $ BILLION)
TABLE 11: NORTH AMERICA
PHOTONICS MARKET, BY COUNTRY, 2021-2028 (IN $ BILLION)
TABLE 12: NORTH AMERICA
PHOTONICS MARKET, BY PRODUCT, 2021-2028 (IN $ BILLION)
TABLE 13: NORTH AMERICA
PHOTONICS MARKET, BY APPLICATION, 2021-2028 (IN $ BILLION)
TABLE 14: EUROPE
PHOTONICS MARKET, BY COUNTRY, 2021-2028 (IN $ BILLION)
TABLE 15: EUROPE
PHOTONICS MARKET, BY PRODUCT, 2021-2028 (IN $ BILLION)
TABLE 16: EUROPE
PHOTONICS MARKET, BY APPLICATION, 2021-2028 (IN $ BILLION)
TABLE 17: ASIA-PACIFIC
PHOTONICS MARKET, BY COUNTRY, 2021-2028 (IN $ BILLION)
TABLE 18: ASIA-PACIFIC
PHOTONICS MARKET, BY PRODUCT, 2021-2028 (IN $ BILLION)
TABLE 19: ASIA-PACIFIC
PHOTONICS MARKET, BY APPLICATION, 2021-2028 (IN $ BILLION)
TABLE 20: LATIN AMERICA
PHOTONICS MARKET, BY COUNTRY, 2021-2028 (IN $ BILLION)
TABLE 21: LATIN AMERICA
PHOTONICS MARKET, BY PRODUCT, 2021-2028 (IN $ BILLION)
TABLE 22: LATIN AMERICA
PHOTONICS MARKET, BY APPLICATION, 2021-2028 (IN $ BILLION)
TABLE 23: MIDDLE EAST AND
AFRICA PHOTONICS MARKET, BY COUNTRY, 2021-2028 (IN $ BILLION)
TABLE 24: MIDDLE EAST AND
AFRICA PHOTONICS MARKET, BY PRODUCT, 2021-2028 (IN $ BILLION)
TABLE 25: MIDDLE EAST AND
AFRICA PHOTONICS MARKET, BY APPLICATION, 2021-2028 (IN $ BILLION)
FIGURE 1: MARKET ATTRACTIVENESS
INDEX
FIGURE 2: INDUSTRY COMPONENTS
FIGURE 3: GLOBAL PHOTONICS MARKET,
BY WAVEGUIDES, 2021-2028 (IN $ BILLION)
FIGURE 4: GLOBAL PHOTONICS MARKET,
BY OPTICAL MODULATORS, 2021-2028 (IN $ BILLION)
FIGURE 5: GLOBAL PHOTONICS MARKET,
BY OPTICAL INTERCONNECTS, 2021-2028 (IN $ BILLION)
FIGURE 6: GLOBAL PHOTONICS MARKET,
BY LED, 2021-2028 (IN $ BILLION)
FIGURE 7: GLOBAL PHOTONICS MARKET,
BY WAVELENGTH DIVISION MULTIPLEXER (WDM) FILTERS, 2021-2028 (IN $ BILLION)
FIGURE 8: GLOBAL PHOTONICS MARKET,
BY PHOTODETECTORS, 2021-2028 (IN $ BILLION)
FIGURE 9: GLOBAL PHOTONICS MARKET,
BY LASERS, 2021-2028 (IN $ BILLION)
FIGURE 10: GLOBAL PHOTONICS MARKET,
BY AMPLIFIERS, 2021-2028 (IN $ BILLION)
FIGURE 11: GLOBAL PHOTONICS MARKET,
BY OTHER PRODUCT TYPES, 2021-2028 (IN $ BILLION)
FIGURE 12: GLOBAL PHOTONICS MARKET,
BY SECURITY, SURVEYING, & DETECTION, 2021-2028 (IN $ BILLION)
FIGURE 13: GLOBAL PHOTONICS MARKET,
BY PRODUCTION TECHNOLOGY, 2021-2028 (IN $ BILLION)
FIGURE 14: GLOBAL PHOTONICS MARKET,
BY DATA COMMUNICATION, 2021-2028 (IN $ BILLION)
FIGURE 15: GLOBAL PHOTONICS MARKET,
BY IMAGE CAPTURE AND DISPLAY, 2021-2028 (IN $ BILLION)
FIGURE 16: GLOBAL PHOTONICS MARKET,
BY MEDICAL TECHNOLOGY, 2021-2028 (IN $ BILLION)
FIGURE 17: GLOBAL PHOTONICS MARKET,
BY LIGHTING, 2021-2028 (IN $ BILLION)
FIGURE 18: GLOBAL PHOTONICS MARKET,
BY PHOTOVOLTAIC, 2021-2028 (IN $ BILLION)
FIGURE 19: GLOBAL PHOTONICS MARKET,
BY OTHER APPLICATIONS (TRAFFIC, RESEARCH), 2021-2028 (IN $ BILLION)
FIGURE 20: GLOBAL 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)
FIGURE 23: UNITED KINGDOM PHOTONICS
MARKET 2021-2028 (IN $ BILLION)
FIGURE 24: GERMANY PHOTONICS MARKET
2021-2028 (IN $ BILLION)
FIGURE 25: FRANCE PHOTONICS MARKET
2021-2028 (IN $ BILLION)
FIGURE 26: SPAIN PHOTONICS MARKET
2021-2028 (IN $ BILLION)
FIGURE 27: ITALY PHOTONICS MARKET
2021-2028 (IN $ BILLION)
FIGURE 28: RUSSIA PHOTONICS MARKET
2021-2028 (IN $ BILLION)
FIGURE 29: REST OF EUROPE PHOTONICS
MARKET 2021-2028 (IN $ BILLION)
FIGURE 30: CHINA PHOTONICS MARKET
2021-2028 (IN $ BILLION)
FIGURE 31: JAPAN PHOTONICS MARKET
2021-2028 (IN $ BILLION)
FIGURE 32: INDIA PHOTONICS MARKET 2021-2028
(IN $ BILLION)
FIGURE 33: SOUTH KOREA PHOTONICS
MARKET 2021-2028 (IN $ BILLION)
FIGURE 34: ASEAN COUNTRIES
PHOTONICS MARKET 2021-2028 (IN $ BILLION)
FIGURE 35: AUSTRALIA & NEW
ZEALAND PHOTONICS MARKET 2021-2028 (IN $ BILLION)
FIGURE 36: REST OF ASIA-PACIFIC
PHOTONICS MARKET 2021-2028 (IN $ BILLION)
FIGURE 37: BRAZIL PHOTONICS MARKET
2021-2028 (IN $ BILLION)
FIGURE 38: MEXICO PHOTONICS MARKET
2021-2028 (IN $ BILLION)
FIGURE 39: REST OF LATIN AMERICA
PHOTONICS MARKET 2021-2028 (IN $ BILLION)
FIGURE 40: UNITED ARAB EMIRATES
PHOTONICS MARKET 2021-2028 (IN $ BILLION)
FIGURE 41: SAUDI ARABIA PHOTONICS
MARKET 2021-2028 (IN $ BILLION)
FIGURE 42: TURKEY PHOTONICS MARKET
2021-2028 (IN $ BILLION)
FIGURE 43: SOUTH AFRICA PHOTONICS
MARKET 2021-2028 (IN $ BILLION)
FIGURE 44: REST OF MIDDLE EAST
& AFRICA PHOTONICS MARKET 2021-2028 (IN $ BILLION)