How big is the Photonics Market?

The Photonics Market size is expected to reach USD 1.64 trillion in 2024 and grow at a CAGR of 6.5% to reach USD 2.25 trillion by 2029. Read More

What is the current Photonics Market size?

In 2024, the Photonics Market size is expected to reach USD 1.64 trillion. Read More

Which is the fastest growing region in Photonics Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Photonics Market?

In 2024, the Asia Pacific accounts for the largest market share in Photonics Market. Read More

What years does this Photonics Market cover, and what was the market size in 2023?

In 2023, the Photonics Market size was estimated at USD 1.53 trillion. The report covers the Photonics Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Photonics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the emerging trends in the Photonics Market?

Emerging trends in the Photonics Market are a) Development of eco-friendly photonic products b) Integration of AI and IoT with photonics technologies c) Enhancing functionality and efficiency in various applications Read More

Photonics Market - Size, Share & Companies

Photonics Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2024 - 2029)

The Photonics Industry Outlook Report is Segmented by End-User Industry (Consumer, Aerospace and Defense, Display, Solar, LED Lighting, Medical and Bioinstrumentation, Industrial and Manufacturing, Automotive, and Other End-User Industries) and Geography (North America, Europe, Asia-Pacific, and the Rest of the World). The Global Market Size and Forecasts are Provided in Terms of Value (USD) for all the Above-Mentioned Segments.

Photonics Industry Overview

The photonics market is highly fragmented, with the presence of various major players, among which the largest companies are Hamamatsu Photonics KK, Intel Corporation, Polatis Incorporated (Huber+Suhner), Alcatel-Lucent SA (Nokia Corporation), and Molex Inc. (Koch Industries). The largest companies in the market are adopting strategies, such as partnerships and acquisitions, to enhance their product offerings and gain sustainable competitive advantage.

November 2023 - Innolume announced the introduction of high-power O-Band quantum Dot SOA with 1W optical power. It can be used in LiDARs, PONs, and FSO.
September 2023 - Ams OSRAM AG and the Malaysian Investment Development Authority (MIDA) announced mutual support for the continued investment and expansion in Malaysia. Through a collaborative agreement, MIDA demonstrated significant support for Ams OSRAM’s initiatives in Malaysia.