Global Photonics Market 2023-2027

Global Photonics Market 2023-2027
The photonics market is forecasted to grow by USD 287.13 bn during 2022-2027, accelerating at a CAGR of 6.11% during the forecast period. The report on the photonics market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by reduction in transmission costs and scalability beyond 400g, increasing need for energy-efficient products like silicon photonics, and increasing need for higher network bandwidth.

Technavio's photonics market is segmented as below:

By ApplicationConsumer electronicsDisplaysSafety and defense technologyMedical and healthcareOthersBy ProductWDM filtersOptical modulatorsOptical interconnectsPhoto detectorsOthersBy Geographical LandscapeNorth AmericaEuropeAPACMiddle East and AfricaSouth AmericaThis study identifies the emergence of optical data centers as one of the prime reasons driving the photonics market growth during the next few years. Also, ability of photonics to cater to demand for faster operation and technological advancements like 3d printing, displays, green photonics, photodetectors, sensors, and imaging will lead to sizable demand in the market.

The report on the photonics market covers the following areas:Photonics market sizingPhotonics market forecastPhotonics market industry analysisThe robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading photonics market vendors that include AIO Core Co. Ltd., ams OSRAM AG, Ayar Labs Inc., Carl Zeiss AG, Corning Inc., Hamamatsu Photonics KK, II VI Inc., Infinera Corp., Innolume GmbH, Intel Corp., International Business Machines Corp., IPG Photonics Corp., Koch Industries Inc., NKT Photonics AS, Nokia Corp., OSCPS Motion Sensing Inc, Polatis Inc., RANVOUS Inc., Sicoya GmbH, and TRUMPF SE Co. KG. Also, the photonics market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.