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Photonics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global photonics market size reached US$ 744.38 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 1,080.05 Billion by 2027, exhibiting a growth rate (CAGR) of 6.15% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Photonics represents a technology or an area of study that deals with the science of generating, detecting, controlling, and manipulating photons, radiant energies, and light. It is considered a subset of various optic disciplines, including geometrical, physical, and quantum. It includes a light-emitting diode (LED), imaging devices, laser, sensors, and detectors as standard product types. These photonics-enabled devices offer higher energy efficiency, a longer life span, better accuracy, and faster operations than their counterparts. Apart from this, photonics ensures data transmission, generates less heat, and minimizes energy consumption cost-effectively. Based on these properties, it finds extensive applications in displays, photovoltaics, machine vision, image processing, optical components, and medical technologies.

Photonics Market Trends:

The widespread product adoption across various industrial verticals can be attributed to the need for photonic-enabled connected services and the extensive utilization of additive manufacturing (AM) to produce complex components and prototype tools. In line with this, significant enhancements in the healthcare infrastructure and the escalating demand for non-invasive disease detection have facilitated the uptake of photonics in imaging techniques and point-of-care technologies, which is acting as another growth-inducing factor. Such solutions are used in medical and biological research for drug development, medical imaging, laser beam diagnostics, and optical coherence tomography (OCT) scanning to detect health conditions. Additionally, the extensive utilization of photonics in communication networks, integrated circuits (IC), computing systems, and next-generation sensors to transmit, generate, convert, and use data instantly is impelling the market growth. Apart from this, the large-scale product incorporation in residential security systems, amplifiers, switches, light modulation devices, light detection and ranging (LiDAR), and the integration of the Internet of Things (IoT) solutions are creating a positive outlook for the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global photonics market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, application and end user.

Breakup by Type:

  • LED
  • Lasers, Detectors, Sensors and Imaging Devices
  • Optical Communication Systems and Components
  • Others
     

Breakup by Application:

  • Surveying and Detection
  • Production Technology
  • Data Communication
  • Image Capture and Display
  • Medical Technology
  • Lighting
  • Others
     

Breakup by End User:

  • Building Construction
  • Media, Broadcasting and Telecommunication
  • Consumer Electronics
  • Medical
  • Safety and Defense
  • Industrial
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being ams-OSRAM AG, Genia Photonics Inc., Hamamatsu Photonics, II-VI Incorporated, Infinera Corporation, Intel Corporation, IPG Photonics, Koninklijke Philips N.V., Ocean Insight (Halma plc) and Teem Photonics.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Type, Application, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered ams-OSRAM AG, Genia Photonics Inc., Hamamatsu Photonics, II-VI Incorporated, Infinera Corporation, Intel Corporation, IPG Photonics, Koninklijke Philips N.V., Ocean Insight (Halma plc) and Teem Photonics.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Photonics Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Type
    6.1    LED
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Lasers, Detectors, Sensors and Imaging Devices
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Optical Communication Systems and Components
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Others
        6.4.1 Market Trends
        6.4.2 Market Forecast
7    Market Breakup by Application
    7.1    Surveying and Detection
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Production Technology
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Data Communication
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Image Capture and Display
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Medical Technology
        7.5.1 Market Trends
        7.5.2 Market Forecast
    7.6    Lighting
        7.6.1 Market Trends
        7.6.2 Market Forecast
    7.7    Others
        7.7.1 Market Trends
        7.7.2 Market Forecast
8    Market Breakup by End User
    8.1    Building Construction
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Media, Broadcasting and Telecommunication
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Consumer Electronics
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Medical
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Safety and Defense
        8.5.1 Market Trends
        8.5.2 Market Forecast
    8.6    Industrial
        8.6.1 Market Trends
        8.6.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    ams-OSRAM AG
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
           14.3.1.3 Financials
        14.3.2    Genia Photonics Inc.
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
        14.3.3    Hamamatsu Photonics
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
           14.3.3.3 Financials
           14.3.3.4 SWOT Analysis
        14.3.4    II-VI Incorporated
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
           14.3.4.3 Financials
        14.3.5    Infinera Corporation
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
           14.3.5.3 Financials
        14.3.6    Intel Corporation
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
           14.3.6.3 Financials
           14.3.6.4 SWOT Analysis
        14.3.7    IPG Photonics
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
           14.3.7.3 Financials
        14.3.8    Koninklijke Philips N.V.
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
           14.3.8.3 Financials
           14.3.8.4 SWOT Analysis
        14.3.9    Ocean Insight (Halma plc)
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
        14.3.10    Teem Photonics
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio

List of Figures

Figure 1: Global: Photonics Market: Major Drivers and Challenges
Figure 2: Global: Photonics Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Photonics Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Photonics Market: Breakup by Type (in %), 2021
Figure 5: Global: Photonics Market: Breakup by Application (in %), 2021
Figure 6: Global: Photonics Market: Breakup by End User (in %), 2021
Figure 7: Global: Photonics Market: Breakup by Region (in %), 2021
Figure 8: Global: Photonics (LED) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Photonics (LED) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Photonics (Lasers, Detectors, Sensors and Imaging Devices) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Photonics (Lasers, Detectors, Sensors and Imaging Devices) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Photonics (Optical Communication Systems and Components) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Photonics (Optical Communication Systems and Components) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Photonics (Other Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Photonics (Other Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Photonics (Surveying and Detection) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Photonics (Surveying and Detection) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Photonics (Production Technology) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Photonics (Production Technology) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Photonics (Data Communication) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Photonics (Data Communication) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Photonics (Image Capture and Display) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Photonics (Image Capture and Display) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Photonics (Medical Technology) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Photonics (Medical Technology) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Photonics (Lighting) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Photonics (Lighting) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Photonics (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Photonics (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Photonics (Building Construction) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Photonics (Building Construction) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Photonics (Media, Broadcasting and Telecommunication) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Photonics (Media, Broadcasting and Telecommunication) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Photonics (Consumer Electronics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Photonics (Consumer Electronics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Global: Photonics (Medical) Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Global: Photonics (Medical) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Global: Photonics (Safety and Defense) Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Global: Photonics (Safety and Defense) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Global: Photonics (Industrial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Global: Photonics (Industrial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: North America: Photonics Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: North America: Photonics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: United States: Photonics Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: United States: Photonics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Canada: Photonics Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Canada: Photonics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Asia-Pacific: Photonics Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Asia-Pacific: Photonics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: China: Photonics Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: China: Photonics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Japan: Photonics Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Japan: Photonics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: India: Photonics Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: India: Photonics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: South Korea: Photonics Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: South Korea: Photonics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Australia: Photonics Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Australia: Photonics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Indonesia: Photonics Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Indonesia: Photonics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Others: Photonics Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Others: Photonics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Europe: Photonics Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Europe: Photonics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Germany: Photonics Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Germany: Photonics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: France: Photonics Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: France: Photonics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: United Kingdom: Photonics Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: United Kingdom: Photonics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Italy: Photonics Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Italy: Photonics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Spain: Photonics Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Spain: Photonics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Russia: Photonics Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Russia: Photonics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Others: Photonics Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Others: Photonics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Latin America: Photonics Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Latin America: Photonics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Brazil: Photonics Market: Sales Value (in Million US$), 2016 & 2021
Figure 83: Brazil: Photonics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 84: Mexico: Photonics Market: Sales Value (in Million US$), 2016 & 2021
Figure 85: Mexico: Photonics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 86: Others: Photonics Market: Sales Value (in Million US$), 2016 & 2021
Figure 87: Others: Photonics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 88: Middle East and Africa: Photonics Market: Sales Value (in Million US$), 2016 & 2021
Figure 89: Middle East and Africa: Photonics Market: Breakup by Country (in %), 2021
Figure 90: Middle East and Africa: Photonics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 91: Global: Photonics Industry: SWOT Analysis
Figure 92: Global: Photonics Industry: Value Chain Analysis
Figure 93: Global: Photonics Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Photonics Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Photonics Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Photonics Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 4: Global: Photonics Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 5: Global: Photonics Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Photonics Market: Competitive Structure
Table 7: Global: Photonics Market: Key Players


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Key Questions Answered in This Report

The global photonics market was valued at US$ 744.38 Billion in 2021.

We expect the global photonics market to exhibit a CAGR of 6.15% during 2022-2027.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous manufacturing units for photonics.

The rising demand for photonics-enabled devices over their counterparts, as they offer higher energy efficiency, longer life-span, enhanced accuracy, faster operations, etc., is primarily driving the global photonics market.

Based on the application, the global photonics market can be bifurcated into surveying and detection, production technology, data communication, image capture and display, medical technology, lighting, and others. Currently, image capture and display exhibits a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.

Some of the major players in the global photonics market include ams-OSRAM AG, Genia Photonics Inc., Hamamatsu Photonics, II-VI Incorporated, Infinera Corporation, Intel Corporation, IPG Photonics, Koninklijke Philips N.V., Ocean Insight (Halma plc), and Teem Photonics.

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