Photonics Market 2014 – 2020: Global Industry Analysis, Size, Share, Growth, Trends and Forecast

This market research study analyzes the photonics market globally and provides estimates in terms of revenue (USD billion) from 2014 to 2020. It recognizes the drivers and restraints affecting the industry and analyzes their impact over the forecast period. Moreover, it identifies the significant opportunities for market growth.
Photonics finds application across various segments including consumer electronics, displays, safety and defense technology, communication, metrology and sensing among others. Additionally, photonics also finds application across medical and health care, and the high performance computing segment. Medical and healthcare is one of the fastest growing application segments for photonics based instruments.
“North America is the largest market for photonics”
Waveguides, optical modulators, optical interconnects, LED, wavelength division multiplexer filters, photo detectors, lasers, amplifiers and spectroscopes among others are the major products of photonics. The prices of photonics-based equipment are less compared to conventional devices. Lower power consumption and need for high-speed electronics are the major factors fueling the demand for photonics. Wavelength division multiplexer filter is one of the major products. Increasing demand for high speed communication is one of the major factors fueling the demand for wavelength division multiplexers.
North America is the largest market for photonics globally because of increasing demand for early diagnostics coupled with demand for high-speed computing. Moreover, increasing demand for fast and early diagnosis coupled with demand for minimally invasive surgery are also expected to boost the demand for photonics in the healthcare segment. Apart from this, aging population is also expected to fuel the demand for photonics based instruments in medical utilities.
“The application of photonics in the field of medical and healthcare is the fastest growing segment, growing at a CAGR of 7.4 % from 2014 to 2020”
In addition, the report also analyzes macro economic factors influencing and inhibiting the growth of photonics market. The market attractiveness analysis provided in the report highlights key investing areas in this industry. The report intends to help manufacturers, suppliers and distributors to understand the present and future trends in this market and formulate their strategies accordingly.
“Medical and healthcare is the fastest growing segment”
It includes competitive analysis of various market segments based on the products, applications and in-depth cross sectional analysis of the photonics market across different geographic segments. To support strategic decision making, the report also includes profiles of leading players in the industry, their market share and various strategies adopted by them. The Porter’s Five Forces analysis and market attractiveness analysis included in the report provide insight into market dynamics and industry competition.
In the report, the market has been segmented by application, by product and by geography. It also covers the drivers, restraints and opportunities (DROs), Porters five forces analysis and value chain of the photonics market. The study highlights current market trends and provides the forecast from 2014 to 2020. The analysts have also covered the current market scenario for the photonics market and highlighted future trends that are expected to have an impact on demand. By geography, the market has been segmented into North America, Europe, Asia Pacific, and Rest of the World. The present market size and forecast until 2020 are provided in the report, as well as company market share analysis of the various industry participants with company overview, financial overview, business strategies, and recent developments in the field of photonics market. (Source: Optik & Photonik 3 / 2015)
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