Global Photonics Market Overview:
Photonics is the process of generating and harnessing light and other forms of radiant energy whose dramatic unit is the photon. It involves cutting-edge uses of lasers, optics, fiber-optics, and electro-optical devices in many and diverse fields of technology. Low power consumption by photonics based instruments and increasing volume of data transfer are some of the significant key factors boosting the global photonics market. However, the susceptibility of photonics devices to thermal effect is hampering the market. Photonics manufacturing makes up around two-thirds of the total reported output from the computing, electronics and optical products sectors.
As per latest study released by AMA Research, the Global Photonics market is expected to see growth rate of 7.9%Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Billion) |
High Growth Market | Asia Pacific |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increasing demand for high speed electronics
Market Growth Drivers:
Low power consumption by photonics based instruments and Increasing volume of data transfer
Challenges:
Regulations governing material availability
Restraints:
Susceptibility to thermal effect
Opportunities:
Increasing demand for photonics based instruments in emerging economies and Emergence of Internet 5.0
Competitive Landscape:
The companies are exploring the market in new regions by adopting mergers & acquisitions, expansions, new product launches and collaborations as their preferred strategies. Key players are exploring new geographies through expansions and acquisitions across the world to avail competitive advantage through combined synergies
Some of the key players profiled in the report are Philips (Netherlands), Schott (Germany), Nikon Corporation (Japan), Shin-Etsu Chemical Company (Japan), Hoya Corporation (Japan), Corning (United States), Asahi Glass Company (Japan), II-VI Inc. (United States), Ohara Inc. (Japan) and American Elements (United States). Additionally, following companies can also be profiled that are part of our coverage like Innolume GmbH (Germany), Infinera Corporation (United States) and Finisar Corporation (United States). Analyst at AMA Research see United States and Japanese Manufacturers to retain maximum share of Global Photonics market by 2028. Considering Market by End-User Industry, the sub-segment i.e. Building & Construction will boost the Photonics market.
On January 30, 2019, Infinera, provider of Intelligent Transport Networks, today announced the expansion of its portfolio of metro packet-optical solutions with the introduction of the Infinera 7100 PSX-3S platform
What Can be Explored with the Photonics Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Photonics Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Photonics
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Photonics market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Photonics market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of photonics, Dealers and suppliers of photonics, Traders and distributors photonics, Photonics raw material providers, Regulatory organizations and consulting companies, Research organizations and Government & Regional Agencies.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.