Photonics Market by Application (Display, Photovoltaic, Lighting, Manufacturing Technology), End-use Industry (Building & Construction, Media, Broadcasting & Telecommunication, Consumer & Business Automation, Medical, Industrial) - Global Forecasts to 2021

Published: September 2016
No. of Pages: 160

“Photonics market to witness CAGR of 8.4% during forecast period”

The photonics market size is estimated to reach USD 724.22 billion by 2021, at a CAGR of 8.4% between 2016 and 2021. High performance and energy saving photonics products such as high speed fiber optics communication networks and highly precise laser systems makes them preferable in various applications.

“Photonics market in manufacturing technology to register fastest growth”

The photonics market in the manufacturing technology application segment is projected to witness the highest growth during the forecast period. Photonics products are used in manufacturing units for cutting and welding operations using lasers. Lasers are replacing traditional machine tools in manufacturing applications as low cost fiber laser and industrial pulse lasers are being developed. Photonics are also used in the manufacturing of consumer electronics such as DVD players, television, and optical mouse pointers.

“Media, broadcasting, and telecommunication, the largest end-use industry for photonics”

The media, broadcasting, and telecommunication sector is estimated to be the largest end-use industry for photonics. The industry is growing due to rising demand for optical fibers. Optical fibers are preferred over metallic wires due to greater safety and security. Moreover, optical fibers cater to high speed transmission requirements for 4G, LTE, and FTTx networks. Optical fibers have witnessed an increase in demand due to investments in telecommunications and information technology and new developments in countries such as China, the U.S., India, and Western and Eastern European countries. Mobile phones and personal computing are promoting the use of photonics in the media and broadcasting industry by enabling data exchange using optical fibers.

“Asia-Pacific is the largest and the fastest-growing market for photonics”

Asia-pacific is estimated to be the largest and the fastest-growing market for photonics. The high growth rate in the region is owed to high demand from countries such as Japan, China, and India. China is projected to be the largest market for photonics in Asia-pacific in the near future. India is estimated to be the fastest-growing market in Asia-pacific. Growth of important industries such as building & construction and media, broadcasting, and telecommunication has increased the demand for photonics in the region.

Extensive primary interviews were conducted to determine and verify the market size for several segments and sub-segments gathered through secondary research.

The break-up of primary interviews is given below.

  • By Company Type - Tier 1 – 37%, Tier 2 – 50%, and Tier 3 – 13%
  • By Designation - C level – 50%, Director level – 31%, and Others – 19%
  • By Region - North America – 31%, Europe – 38%, Asia-Pacific – 25%, and RoW- 6%

The companies profiled in this market research report are Royal Philips N.V.(Netherlands), Schott AG (Germany), Nikon Corporation (Japan), Shin-Etsu Chemical Company Limited (Japan), Hoya Corporation (Japan), Corning Incorporated (U.S.), Asahi Glass Company Limited (Japan), II-VI Inc.(U.S.), Ohara Inc. (Japan), and American Elements (U.S.).

Published By: MarketsandMarkets
Product Code: MarketsandMarkets3750

Did you find what you are/were looking for ? If not, read below and browse through other relevant pages for similar market research reports OR get in touch with us through the form/contact info in your right navigation panel and well share relevant market report titles for you to explore.

Related Reports:


  • 500,000 market research reports and growing.
  • Top Fortune 500 Organizations trust us for research data.
  • 24/7 support on call as well as emails.
  • Your Details are safe with us.
  • Free support for your research requirements.
  • Report Delivery: Email
  • Delivery Time:
    • Upto 24 hrs - working days
    • Upto 48 hrs max - weekends and public holidays

Research Support / Custom Research

If this business study does not have the data and information analysis you need, contact us with your research requirements. We explore available market research reports to map your needs and share report titles with you. Alternatively, we can also offer custom research that suits your budget and timelines. Share your information requirements here.
Connect With Us
Email: Call : + 1 888 391 5441

Subscription Option

Using our subscription option, you get access to market research reports and industry data of Consumer Goods market as per your needs. Get the best of Consumer Goods research reports by utilizing your research budgets in an optimum way.

More about our Subscription option
Report Alerts

Get Email alerts about market research reports from industries and publishers of your interest: