GLOBAL PHOTONICS MARKET 2021-2028

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GLOBAL PHOTONICS MARKET 2021-2028

Market by Product, Application, and Geography | Forecast 2021-2028

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As per Triton Market Research, the global photonics market was valued at $459.92 billion in 2020 and is expected to reach $921.66 billion by 2028, growing at a CAGR of 8.15% during the forecast period.


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Triton’s research report on the photonics market provides an in-depth insight into the market. The detailed analysis of the market includes key insights, Porter’s five forces analysis, market attractiveness index, vendor scorecard, key strategies, and impact of COVID-19.

The growing need for advanced data transmission technologies is majorly driving the photonics market. For instance, the use of fiber optic technology to replace copper interconnects has been the norm in the data center environment to facilitate faster data transmission. Here, photonic technology has emerged as a potential solution to overcome the limitations posed by traditional methods. Moreover, photonics holds the potential to speed up transmission up to 100 Gbps. Additionally, several major companies such as Kothura, Intel, and IBM are striving to achieve breakthroughs using this technology.

Furthermore, among the major opportunities is the deployment of photonics in the automotive sectors, especially in autonomous driving and the Advanced Driver Assistance System (ADAS). These autonomous vehicles and ADAS require photodetectors that help identify objects based on light. Besides, photonics can improve multiple areas, including lighting, vision systems, and driver assistance within the sector. Other than this, photonics technology can enable advances like high-performance electric vehicles and perform key functions such as improving media communication networks.

However, the high cost of silicon-enabled products and devices compared to conventional products negatively impacts the growth of technology in various fields. Moreover, photonics-based devices remain inaccessible to many small-and-medium-sized end-users in multiple verticals due to this high cost.



Key geographies covered in the global photonics market are:

•           North America: United States and Canada

•           Europe: United Kingdom, France, Germany, Spain, Italy, Russia, and Rest of Europe

•           Asia-Pacific: China, Japan, India, Australia, South Korea, ASEAN Countries, and Rest of Asia-Pacific

•           Latin America: Brazil, Mexico, and Rest of Latin America

•           Middle East and Africa: Saudi Arabia, Turkey, United Arab Emirates, South Africa, and Rest of Middle East & Africa

The segmentation analysis of the photonics market consists of:

•           Market by Product:

           o          Waveguides

           o          Optical Modulators

           o          Optical Interconnects

           o          LED

           o          Wavelength Division Multiplexer (WDM) Filters

           o          Photodetectors

           o          Lasers

           o          Amplifiers

           o          Other Product Types

•           Market by Application:

           o          Security, Surveying, & Detection

           o          Production Technology

           o          Data Communication

           o          Image Capture & Display

           o          Medical Technology

           o          Lighting

           o          Photovoltaic

           o          Other Applications (Traffic, Research)

The widely known companies in the photonics market include Hamamatsu Photonics KK, International Business Machines Corporation (IBM), Koninklijke Philips NV, Schott AG, Innolume GmbH, Finisar Corporation (II-VI Incorporated), 3S Photonics, IPG Photonics Corporation, Huber+Suhner Polatis Photonics Inc, Molex LLC, Osram Licht AG, Infinera Corporation, Carl Zeiss AG, NEC Corporation, and Intel Corporation.   

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Table of Content

1. GLOBAL PHOTONICS MARKET - SUMMARY

2. INDUSTRY OUTLOOK

2.1. IMPACT OF COVID-19 ON PHOTONICS MARKET

2.2. KEY INSIGHTS

2.2.1. BROADENING APPLICATIONS OF SILICON PHOTONICS

2.2.2. NEED FOR HIGH-PERFORMANCE AND ECO-FRIENDLY SOLUTIONS

2.3. PORTER’S FIVE FORCE ANALYSIS

2.3.1. THREAT OF NEW ENTRANTS

2.3.2. THREAT OF SUBSTITUTE

2.3.3. BARGAINING POWER OF BUYERS

2.3.4. BARGAINING POWER OF SUPPLIERS

2.3.5. THREAT OF COMPETITIVE RIVALRY

2.4. MARKET ATTRACTIVENESS INDEX

2.5. VENDOR SCORECARD

2.6. INDUSTRY COMPONENTS

2.7. KEY MARKET STRATEGIES

2.7.1. ACQUISITIONS

2.7.2. PRODUCT LAUNCHES

2.7.3. PARTNERSHIPS

2.7.4. BUSINESS EXPANSIONS

2.8. MARKET DRIVERS

2.8.1. BANDWIDTH REQUIREMENT FOR HUGE AMOUNT OF DATA TRANSFER

2.8.2. GROWING FUNDING IN THE SILICON PHOTONICS INDUSTRY

2.9. MARKET CHALLENGES

2.9.1. COST CONSTRAINTS

2.9.2. STRINGENT GOVERNMENT AND ENVIRONMENTAL REGULATIONS

2.10. MARKET OPPORTUNITIES

2.10.1. INCREASING SMARTPHONE PENETRATION AND RISING INTERNET CONNECTIVITY

2.10.2. APPLICATIONS IN THE AUTOMOTIVE SECTOR

3. GLOBAL PHOTONICS MARKET OUTLOOK - BY PRODUCT

3.1. WAVEGUIDES

3.2. OPTICAL MODULATORS

3.3. OPTICAL INTERCONNECTS

3.4. LED

3.5. WAVELENGTH DIVISION MULTIPLEXER (WDM) FILTERS

3.6. PHOTODETECTORS

3.7. LASERS

3.8. AMPLIFIERS

3.9. OTHER PRODUCT TYPES

4. GLOBAL PHOTONICS MARKET OUTLOOK - BY APPLICATION

4.1. SECURITY, SURVEYING, & DETECTION

4.2. PRODUCTION TECHNOLOGY

4.3. DATA COMMUNICATION

4.4. IMAGE CAPTURE AND DISPLAY

4.5. MEDICAL TECHNOLOGY

4.6. LIGHTING

4.7. PHOTOVOLTAIC

4.8. OTHER APPLICATIONS (TRAFFIC, RESEARCH)

5. GLOBAL PHOTONICS MARKET – REGIONAL OUTLOOK

5.1. NORTH AMERICA

5.1.1. MARKET BY PRODUCT

5.1.2. MARKET BY APPLICATION

5.1.3. COUNTRY ANALYSIS

5.1.3.1. UNITED STATES

5.1.3.2. CANADA

5.2. EUROPE

5.2.1. MARKET BY PRODUCT

5.2.2. MARKET BY APPLICATION

5.2.3. COUNTRY ANALYSIS

5.2.3.1. UNITED KINGDOM

5.2.3.2. GERMANY

5.2.3.3. FRANCE

5.2.3.4. SPAIN

5.2.3.5. ITALY

5.2.3.6. RUSSIA

5.2.3.7. REST OF EUROPE

5.3. ASIA-PACIFIC

5.3.1. MARKET BY PRODUCT

5.3.2. MARKET BY APPLICATION

5.3.3. COUNTRY ANALYSIS

5.3.3.1. CHINA

5.3.3.2. JAPAN

5.3.3.3. INDIA

5.3.3.4. SOUTH KOREA

5.3.3.5. ASEAN COUNTRIES

5.3.3.6. AUSTRALIA & NEW ZEALAND

5.3.3.7. REST OF ASIA-PACIFIC

5.4. LATIN AMERICA

5.4.1. MARKET BY PRODUCT

5.4.2. MARKET BY APPLICATION

5.4.3. COUNTRY ANALYSIS

5.4.3.1. BRAZIL

5.4.3.2. MEXICO

5.4.3.3. REST OF LATIN AMERICA

5.5. MIDDLE EAST AND AFRICA

5.5.1. MARKET BY PRODUCT

5.5.2. MARKET BY APPLICATION

5.5.3. COUNTRY ANALYSIS

5.5.3.1. UNITED ARAB EMIRATES

5.5.3.2. SAUDI ARABIA

5.5.3.3. TURKEY

5.5.3.4. SOUTH AFRICA

5.5.3.5. REST OF MIDDLE EAST & AFRICA

6. COMPETITIVE LANDSCAPE

6.1. 3S PHOTONICS

6.2. CARL ZEISS AG

6.3. FINISAR CORPORATION (II-VI INCORPORATED)

6.4. HAMAMATSU PHOTONICS KK

6.5. HUBER+SUHNER POLATIS PHOTONICS INC

6.6. INFINERA CORPORATION

6.7. INNOLUME GMBH

6.8. INTEL CORPORATION

6.9. INTERNATIONAL BUSINESS MACHINES CORPORATION (IBM)

6.10. IPG PHOTONICS CORPORATION

6.11. KONINKLIJKE PHILIPS NV

6.12. MOLEX LLC

6.13. NEC CORPORATION

6.14. OSRAM LICHT AG

6.15. SCHOTT AG

7. RESEARCH METHODOLOGY & SCOPE

7.1. RESEARCH SCOPE & DELIVERABLES

7.2. SOURCES OF DATA

7.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1: GLOBAL PHOTONICS MARKET, BY GEOGRAPHY, 2021-2028 (IN $ BILLION)       

TABLE 2: VENDOR SCORECARD        

TABLE 3: LIST OF ACQUISITIONS        

TABLE 4: LIST OF PRODUCT LAUNCHES     

TABLE 5: LIST OF PARTNERSHIPS & AGREEMENTS        

TABLE 6: LIST OF BUSINESS EXPANSIONS 

TABLE 7: SOME OF THE PROMISING FUNDING IN SILICON PHOTONICS       

TABLE 8: GLOBAL PHOTONICS MARKET, BY PRODUCT, 2021-2028 (IN $ BILLION) 

TABLE 9: GLOBAL PHOTONICS MARKET, BY APPLICATION, 2021-2028 (IN $ BILLION)      

TABLE 10: GLOBAL PHOTONICS MARKET, BY GEOGRAPHY, 2021-2028 (IN $ BILLION)     

TABLE 11: NORTH AMERICA PHOTONICS MARKET, BY COUNTRY, 2021-2028 (IN $ BILLION)           

TABLE 12: NORTH AMERICA PHOTONICS MARKET, BY PRODUCT, 2021-2028 (IN $ BILLION)           

TABLE 13: NORTH AMERICA PHOTONICS MARKET, BY APPLICATION, 2021-2028 (IN $ BILLION)       

TABLE 14: EUROPE PHOTONICS MARKET, BY COUNTRY, 2021-2028 (IN $ BILLION)          

TABLE 15: EUROPE PHOTONICS MARKET, BY PRODUCT, 2021-2028 (IN $ BILLION)          

TABLE 16: EUROPE PHOTONICS MARKET, BY APPLICATION, 2021-2028 (IN $ BILLION)   

TABLE 17: ASIA-PACIFIC PHOTONICS MARKET, BY COUNTRY, 2021-2028 (IN $ BILLION)

TABLE 18: ASIA-PACIFIC PHOTONICS MARKET, BY PRODUCT, 2021-2028 (IN $ BILLION)

TABLE 19: ASIA-PACIFIC PHOTONICS MARKET, BY APPLICATION, 2021-2028 (IN $ BILLION)           

TABLE 20: LATIN AMERICA PHOTONICS MARKET, BY COUNTRY, 2021-2028 (IN $ BILLION)           

TABLE 21: LATIN AMERICA PHOTONICS MARKET, BY PRODUCT, 2021-2028 (IN $ BILLION)           

TABLE 22: LATIN AMERICA PHOTONICS MARKET, BY APPLICATION, 2021-2028 (IN $ BILLION)       

TABLE 23: MIDDLE EAST AND AFRICA PHOTONICS MARKET, BY COUNTRY, 2021-2028 (IN $ BILLION)       

TABLE 24: MIDDLE EAST AND AFRICA PHOTONICS MARKET, BY PRODUCT, 2021-2028 (IN $ BILLION)       

TABLE 25: MIDDLE EAST AND AFRICA PHOTONICS MARKET, BY APPLICATION, 2021-2028 (IN $ BILLION)                      

List of Figures

FIGURE 1: MARKET ATTRACTIVENESS INDEX       

FIGURE 2: INDUSTRY COMPONENTS

FIGURE 3: GLOBAL PHOTONICS MARKET, BY WAVEGUIDES, 2021-2028 (IN $ BILLION)   

FIGURE 4: GLOBAL PHOTONICS MARKET, BY OPTICAL MODULATORS, 2021-2028 (IN $ BILLION)       

FIGURE 5: GLOBAL PHOTONICS MARKET, BY OPTICAL INTERCONNECTS, 2021-2028 (IN $ BILLION)       

FIGURE 6: GLOBAL PHOTONICS MARKET, BY LED, 2021-2028 (IN $ BILLION)          

FIGURE 7: GLOBAL PHOTONICS MARKET, BY WAVELENGTH DIVISION MULTIPLEXER (WDM) FILTERS, 2021-2028 (IN $ BILLION)    

FIGURE 8: GLOBAL PHOTONICS MARKET, BY PHOTODETECTORS, 2021-2028 (IN $ BILLION)           

FIGURE 9: GLOBAL PHOTONICS MARKET, BY LASERS, 2021-2028 (IN $ BILLION)  

FIGURE 10: GLOBAL PHOTONICS MARKET, BY AMPLIFIERS, 2021-2028 (IN $ BILLION)    

FIGURE 11: GLOBAL PHOTONICS MARKET, BY OTHER PRODUCT TYPES, 2021-2028 (IN $ BILLION)       

FIGURE 12: GLOBAL PHOTONICS MARKET, BY SECURITY, SURVEYING, & DETECTION, 2021-2028 (IN $ BILLION) 

FIGURE 13: GLOBAL PHOTONICS MARKET, BY PRODUCTION TECHNOLOGY, 2021-2028 (IN $ BILLION)   

FIGURE 14: GLOBAL PHOTONICS MARKET, BY DATA COMMUNICATION, 2021-2028 (IN $ BILLION)       

FIGURE 15: GLOBAL PHOTONICS MARKET, BY IMAGE CAPTURE AND DISPLAY, 2021-2028 (IN $ BILLION)         

FIGURE 16: GLOBAL PHOTONICS MARKET, BY MEDICAL TECHNOLOGY, 2021-2028 (IN $ BILLION)       

FIGURE 17: GLOBAL PHOTONICS MARKET, BY LIGHTING, 2021-2028 (IN $ BILLION)         

FIGURE 18: GLOBAL PHOTONICS MARKET, BY PHOTOVOLTAIC, 2021-2028 (IN $ BILLION)           

FIGURE 19: GLOBAL PHOTONICS MARKET, BY OTHER APPLICATIONS (TRAFFIC, RESEARCH), 2021-2028 (IN $ BILLION)

FIGURE 20: GLOBAL PHOTONICS MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)     

FIGURE 21: UNITED STATES PHOTONICS MARKET 2021-2028 (IN $ BILLION)          

FIGURE 22: CANADA PHOTONICS MARKET 2021-2028 (IN $ BILLION) 

FIGURE 23: UNITED KINGDOM PHOTONICS MARKET 2021-2028 (IN $ BILLION)       

FIGURE 24: GERMANY PHOTONICS MARKET 2021-2028 (IN $ BILLION)          

FIGURE 25: FRANCE PHOTONICS MARKET 2021-2028 (IN $ BILLION) 

FIGURE 26: SPAIN PHOTONICS MARKET 2021-2028 (IN $ BILLION)      

FIGURE 27: ITALY PHOTONICS MARKET 2021-2028 (IN $ BILLION)       

FIGURE 28: RUSSIA PHOTONICS MARKET 2021-2028 (IN $ BILLION)   

FIGURE 29: REST OF EUROPE PHOTONICS MARKET 2021-2028 (IN $ BILLION)      

FIGURE 30: CHINA PHOTONICS MARKET 2021-2028 (IN $ BILLION)     

FIGURE 31: JAPAN PHOTONICS MARKET 2021-2028 (IN $ BILLION)     

FIGURE 32: INDIA PHOTONICS MARKET 2021-2028 (IN $ BILLION)       

FIGURE 33: SOUTH KOREA PHOTONICS MARKET 2021-2028 (IN $ BILLION) 

FIGURE 34: ASEAN COUNTRIES PHOTONICS MARKET 2021-2028 (IN $ BILLION)    

FIGURE 35: AUSTRALIA & NEW ZEALAND PHOTONICS MARKET 2021-2028 (IN $ BILLION)           

FIGURE 36: REST OF ASIA-PACIFIC PHOTONICS MARKET 2021-2028 (IN $ BILLION)         

FIGURE 37: BRAZIL PHOTONICS MARKET 2021-2028 (IN $ BILLION)    

FIGURE 38: MEXICO PHOTONICS MARKET 2021-2028 (IN $ BILLION)  

FIGURE 39: REST OF LATIN AMERICA PHOTONICS MARKET 2021-2028 (IN $ BILLION)     

FIGURE 40: UNITED ARAB EMIRATES PHOTONICS MARKET 2021-2028 (IN $ BILLION)     

FIGURE 41: SAUDI ARABIA PHOTONICS MARKET 2021-2028 (IN $ BILLION)  

FIGURE 42: TURKEY PHOTONICS MARKET 2021-2028 (IN $ BILLION)  

FIGURE 43: SOUTH AFRICA PHOTONICS MARKET 2021-2028 (IN $ BILLION)

FIGURE 44: REST OF MIDDLE EAST & AFRICA PHOTONICS MARKET 2021-2028 (IN $ BILLION)        

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