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Photonics Market Share, Global Driving Factors by Manufacturers, Growth Opportunities, Regions,Size, Type and Application, Revenue Market Forecast 2023
Posted on May 5 2021 9:01 AM
"Photonics Market Research Report provides a basic overview of the industry including definitions, classifications, and industry chain structure. The Photonics Market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status with Forecast Period 2021-2023.
Global Photonics Market Research Report study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds impact on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.Photonics Market Research Report is highly research-intensive, powered by high R & D investment, and it possesses a strong product analysis to maintain growth and ensure long-term revenue generation.
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Photonics Market report offers a comprehensive view regarding the competitive landscape of the Photonics market and includes a deep description of performance by some of the key global players completing in the market. It offers a list of latest updates of several business strategies including mergers, acquisitions, partnerships, product launch, expansion of production units, and collaborations adopted by these major global players. The report provides a clear picture regarding R & D investment from key players and adoption of innovative technologies to widen their consumer base and expand the existing competitive position. Moreover, the report offers a detailed information about the position, scope of growth, and opportunities of new entrants or players in the market.
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The photonics market was valued at USD 590.35 million in 2017, and is expected to reach a value of USD 928.51 million by 2023, at a CAGR of 7.84% over the forecast period (2018 - 2023). The scope of the photonics market has been segmented based on application and region. The application type segment includes safety & defense technologies, automation & measurement systems, production technology, information technology, photonic servers & routers, iometrics, life sciences & medical technology, optical communications, wireless communication & sensor networks, and light sources (photovoltaic) among others. Other applications considered in the scope include traffic, environment, research and education, etc. The regional landscape of the report includes North America, Europe, Asia-Pacific, and Rest of the World.
Growing Adoption of Photonics is Replacing Semiconductor and Conductor Industry
Silicon photonics is an evolving branch of photonics offering clear advantage over electric conductors used in semiconductors, which are used in high-speed transmission systems. This technology is expected to push the transmission speeds up to 100 Gbps, with companies, such as IBM, Intel, and Kothura achieving breakthroughs using the technology. Intel optical transceivers developed using silicon photonics are being deployed for 100G connectivity. This technology is revolutionizing the semiconductor industry, enabling high-speed data transfer and processing. The market is expected to invest heavily for the mass adoption of this technology, and be a key aspect in the development of high-performance computing, in improving performance and efficiency. Thus, emergence of silicon-based photonics is driving the growth of the market.
Image Capturing & Display Captures the Major Market Share Among Other Applications
Image capturing & display deals with a broad palette of interrelated photonics technologies. The market share of LED technology is rapidly growing, and it is anticipated to become the dominant lighting technology before the end of the decade. This revolution in technology allowed the business to shift from light sources to intelligent lighting solutions. The evolvement of photonics has resulted in a steady increase in the performance of both OPV and OLED technologies, which is expected to drive the market during the forecast period.
US Occupies the Major Market Share Among Other Regions
The growth in the photonics market in the United States strongly correlates with the growth of parent markets, such as lighting, safety & defense applications, and healthcare and production technology. Similarly, the country leads the data center hardware market, which remains one of the major applications for photonics, with around one-third of the overall market share. The United States has the highest concentration of photonics-based application companies, with more than 35% accounting for the highest revenues in this segment, which are the primary reasons for market growth in the country.
Key Recent Developments
November 2017: IBM announced the successful testing of a fully-integrated Wavelength Division Multiplexing (WDM) Si photonics chip for Big Data and cloud services, enabling the download of an entire HD digital movie in two seconds.
June 2017: Hamamatsu Photonics KK and Nichia Corporation reached a basic agreement to build a wide-ranging collaborative framework, leveraging the two companiesâ€™ proprietary optical and other technologies.
May 2017: Intel announced plans to integrate Thunderbolt (optical Data Transfer) into future CPUs.
Major Players: HAMAMATSU PHOTONICS KK, INTEL CORP., HEWLETT-PACKARD COMPANY, IBM CORPORATION, MOLEX INC. (KOCH INDUSTRIES), INFINERA CORPORATION. , S PHOTONICS SAS, INNOLUME GMBH, FINISAR CORPORATION, LPG PHOTONICS, OSRAM AG, AND PHILIPS N.V. amongst others.
Reasons to Purchase this Report
Analyze how the growing adoption of photonics is taking over semiconductor and conductor in the global market scenario
Analyze various perspectives of the market with the help of Porterâ€™s five forces analysis
The regions that are expected to witness fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players.
3 months analyst support, along with the Market Estimate sheet (in excel).
Customization of the Report
This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
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Covered in this report
The Report Covers the Present Scenario and the Growth Prospects of the Global Photonics Market for 2021-2023. To calculate the market size, the report considers new installations or sales and subscription payments of Photonics.
Regional Market Analysis:
The Photonics Market report includes Global & Regional market status and outlook 2021-2023. Further, the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Global Photonics Market 2021-2023, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
- Growing research activities coupled with new product launches.
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- High Opportunity in the Industry
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- Complications associated with Photonics procedures.
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Key Attentions of Photonics Market Report:
- The report offers a comprehensive and broad perspective on the global Photonics market.
- The market statistics represented in different Photonics segments offers complete industry picture.
- Market growth drivers, challenges affecting the development of Photonics are analyzed in detail.
- The report will help in the analysis of major competitive market scenario, market dynamics of Photonics.
- Major stakeholders, top companies Photonics, investment feasibility and new market entrants study is offered.
- Development scope of Photonics in each market segment is covered in this report. The macro and micro-economic factors affecting the Photonics market
- Advancement is elaborated in this report. The upstream and downstream components of Photonics and a comprehensive value chain are explained.
Some Major Points from Toc :-
1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness Porter's Five Forces Analysis
3.2.5 Degree of Competition
3.3 Price Analysis
4. Market Dynamics
5. Market Segmentation and Analysis (Market Size, Growth & Forecast)
5.1 By Product Type
5.2 By Application
5.3 By End-user Industry
6. Regional Market Analysis
6.1 Production Analysis
6.1.4 Democratic Republic of Congo
6.2 Consumption Analysis (Market Size, Growth and Forecast)
18.104.22.168 South Korea
22.214.171.124 Rest of Asia-Pacific
6.2.2 North America
126.96.36.199 United States
188.8.131.52 Rest of North America
184.108.40.206 United Kingdom
220.127.116.11 Rest of Europe
6.2.4 South America
18.104.22.168 Rest of South America
6.2.5 Middle East & Africa
22.214.171.124 South Africa
126.96.36.199 Rest of Middle East & Africa
7. Future of the Market
8. Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements
8.2 Market Share Analysis**
8.3 Strategies Adopted by Leading Players
9. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)
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