Global $500+ Billion Photonics Market 2017-2022 by Product Type, Application , End-Use Industry

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Dec 13, 2017, 08:00 ET

DUBLIN, Dec. 13, 2017 /PRNewswire/ --

The "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 2022" report has been added to Research and Markets' offering.

The photonics market is projected to grow from USD 530.52 Billion in 2017 to USD 795.54 Billion by 2022, at a CAGR of 8.4% from 2017 to 2022.

On the basis of end-use industry, the media, broadcasting & telecommunication segment accounted for the largest share of the photonics market in 2016, and this trend is expected to continue during the forecast period. Photonics is used in this segment for communication, data storage, and data sharing purposes. The use of photonics products has significantly increased the speed of internet and the quality of voice calling.

Asia Pacific accounted for the largest share of the photonics market in 2016, and the market in this region is also projected to grow at the highest CAGR during the forecast period. China is expected to account for the largest share of the Asia Pacific photonics market by 2022, with India registering the fastest growth rate during the forecast period. Japan is home to prominent photonics companies, such as Nikon Corporation, Shin-Etsu Chemical Company Limited, and Hoya Corporation. The US accounts for the highest demand of photonics in North America. All these factors have contributed to the high demand for photonics products around the globe.

Market Dynamics

Drivers

Need for Energy Efficient Products
Increasing Adoption of Photonics Products in Various Applications

Restraints

Stringent Environmental Regulations Hampering Performance of Photonics Products

Opportunities

Technological Advancements Leading to New Innovative Avenues

Challenges

High Cost of Photonics Enabled Products and Services
Stiff Competition in the Market

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Photonics Market, By Product Type

7 Photonics Market, By Application

8 Photonics Market, By End-Use Industry

9 Photonics Market, By Region

10 Competitive Landscape

11 Company Profiles

American Elements
Asahi Glass
Cisco Systems
Coherent
Corning
Emerson
General Electric Company
Hitachi
Hoya
Huawei Technologies
II-VI
IPG Photonics
Innolux
LG Display
Nikon
Ohara
Osram Licht
Philips
Samsung Electronics
Schott
Shin-ETSU Chemical
Siemens
Toshiba Medical
Trina Solar
Trumpf Group

For more information about this report visit https://www.researchandmarkets.com/research/rbrp22/global_500?w=5

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SOURCE Research and Markets