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Global Photonics Market Analysis, Share, Trends, Forecast: By Type: LED, Lasers, Detectors, and Sensors and Imaging Devices, Optical Communication Systems and Components, Consumer Electronics and Devices, Others; By Application: Surveying and Detection, Others; By End Use; Regional Analysis; Competitive Landscape; 2024-2032
Competitive Landscape
The market players are increasing their research and development activities and are increasingly focusing on cross-industry collaborations to develop strategic partnerships and gain a competitive edge
- Schott AG
- Nikon Corporation
- Hoya Corporation
- Corning Incorporated
- Intel Corporation
- Ohara Corporation
- Hamamatsu Photonics K.K.
- Others
These companies operate in various segments, including optical components, lasers, imaging systems, photovoltaic cells, and fibre optics, among others.
Photonics Market Report Snapshots
Photonics Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Photonics Market Analysis
8.1 Key Industry Highlights
8.2 Global Photonics Historical Market (2018-2023)
8.3 Global Photonics Market Forecast (2024-2032)
8.4 Global Photonics Market by Type
8.4.1 LED
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Laser, Detectors, and Sensors and Imaging Devices
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Optical Communication Systems and Components
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Consumer Electronics and Devices
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Others
8.5 Global Photonics Market by Application
8.5.1 Surveying and Detection
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Production Technology
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Data Communication
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Image Capture and Display
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Medical Technology
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Lighting
8.5.6.1 Historical Trend (2018-2023)
8.5.6.2 Forecast Trend (2024-2032)
8.5.7 Others
8.6 Global Photonics Market by End Use
8.6.1 Building and Construction
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Media, Broadcasting and Telecommunication
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Consumer and Business Automation
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Medical
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Security and Defense
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Industrial
8.6.6.1 Historical Trend (2018-2023)
8.6.6.2 Forecast Trend (2024-2032)
8.6.7 Others
8.7 Global Photonics Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Photonics Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Photonics Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Photonics Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Photonics Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Photonics Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Schott AG
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Nikon Corporation
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Hoya Corporation
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Corning Incorporated
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Intel Corporation
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Ohara Corporation
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Hamamatsu Photonics K.K.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Photonics Market: Key Industry Highlights, 2018 and 2032
2. Global Photonics Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Photonics Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Photonics Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Global Photonics Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Global Photonics Historical Market: Breakup by End Use (USD Billion), 2018-2023
7. Global Photonics Market Forecast: Breakup by End Use (USD Billion), 2024-2032
8. Global Photonics Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Photonics Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Photonics Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Photonics Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Photonics Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Photonics Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Photonics Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Photonics Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Photonics Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Photonics Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Photonics Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Photonics Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Photonics Market Structure
Key Questions Answered in the Report
In 2023, the market attained a value of approximately USD 741.65 billion.
The market is projected to grow at a CAGR of 7.5% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach around USD 1421.38 billion by 2032.
The major drivers of the market are the rising demand for energy-efficient products and the increasing use of photonic products in diverse applications.
The key trends guiding the growth of the market include the technological progress of light-based technologies, sustainable solutions, and growing applications in healthcare sectors.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
LED, lasers, detectors, and sensors and imaging devices, optical communication systems and components, and consumer electronics and devices, among others, are the leading types of photonics in the market.
Surveying and detection, production technology, data communication, image capture and display, medical technology, and lighting, among others, are the significant applications of photonics.
Building and construction, media, broadcasting and telecommunication, consumer and business automation, medical, security and defence, and industrial, among others, are the major end uses of photonics in the market.
The major players in the market are Schott AG, Nikon Corporation, Hoya Corporation, Corning Incorporated, Intel Corporation, Ohara Corporation, and Hamamatsu Photonics K.K., among others.
Analyst Review
The global photonics market attained a value of USD 741.65 billion in 2023, driven by the rising demand for energy-efficient products. Aided by the rising technological advancements, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 7.5%. The photonics market is projected to reach USD 1421.38 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on types, the photonics industry can be segmented into LED, lasers, detectors, and sensors and imaging devices, optical communication systems and components, and consumer electronics and devices, among others. On the basis of application, the industry is divided into surveying and detection, production technology, data communication, image capture and display, medical technology, lighting, and others. By end uses, the industry is categorised into building and construction, media, broadcasting and telecommunication, consumer and business automation, medical, security and defence, industrial, and others. The major regional markets for photonics are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Schott AG, Nikon Corporation, Hoya Corporation, Corning Incorporated, Intel Corporation, Ohara Corporation, and Hamamatsu Photonics K.K., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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