Photonics Market Expected to Reach $1344.56 billion by 2026 – American Elements, Asahi Glass, Cisco Systems, Coherent, Corning, General Electric Company, Hitachi, Hoya, Huawei Technologies

Press Release

Photonics market is accounted for $548.63 billion in 2017 and is expected to reach $1344.56 billion by 2026 growing at a CAGR of 10.5%. Growing utilization of photonics in various industries, raising demand for energy efficient products, and technologically advanced innovative product introductions are some of the factors propelling the market growth. In addition, increasing adoption in IT sector is also favouring the market growth. However, lack of international standards, high initial investment costs are limiting the market growth.

Light Emitting Diodes (LEDs) segment dominated the global market due to emerging smart cities in developing countries and increasing demand for energy efficient products. Lasers segment is witnessing a significant growth driven by rising applications in industries. North America accounted for the largest share in global Photonics market followed by Europe. Growing investments by U.S government to adopt lasers in defense is favoring the market growth in North America. Asia Pacific is expected to witness fastest growth on account of rapid industrialization in India, Japan, and China.

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Some of the key players in Photonics market include American Elements, Asahi Glass, Cisco Systems, Coherent, Corning, General Electric Company, Hitachi, Hoya, Huawei Technologies, Nikon, Ohara, Philips, Schott, Shin-ETSU Chemical, Toshiba Medical, and Trumpf Group.

Products Covered:
– Amplifiers
– Lasers
– LED
– Optical interconnects
– Optical modulators
– Photo detectors
– Waveguides
– WDM filters
– Other Products

Applications Covered:
– Production Technology
– Photovoltaic
– Lighting
– Displays
– Information & Communication Technology
– Measurement & Automated Vision
– Medical Technology & Life Sciences
– Sensing
– Metrology
– Other Applications

End Users Covered:
– Building & Construction
– Consumer & Business Automation
– Consumer electronics
– Industrial
– Media, Broadcasting & Telecommunication
– Medical
– Security & Defense
– Other End Users

What our report offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements

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