This research scrutinizes the global photonics market with a focus on key industry players such as Philips (Netherlands), Schott (Germany), Nikon Corporation (Japan), Shin-Etsu Chemical Company (Japan), Hoya Corporation (Japan), Corning (US), Asahi Glass Company (Japan), II-VI Inc. (US), Ohara Inc. (Japan), and American Elements (US).
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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.
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Photonics are also used in the manufacturing of consumer electronics such as DVD players, television, and optical mouse pointers.
Photonics Market, by Product Type:
- Lasers, Detectors, Sensors, & Imaging Devices
- Optical Communication Systems & Components
- Consumer Electronics & Devices
Photonics Market, by Application:
- Information & Communication Technology
- Medical Technology & Life Sciences
- Measurement & Automated Vision
- Production Technology
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. 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.
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This study has been validated through primary interviews with various industry experts globally. The break-up profile of primary discussion participants is given here Tier 1 (37%); Tier 2 (50%) and Tier 3 (13%) companies were contacted for interviews.
The interviews were conducted with various key people such as C Level (50%), Directors Level (31%) and other (19%) from various key organizations. The primary interviews were conducted worldwide covering regions such as North America (31%), Europe (38%), Asia-Pacific (25%) and Row (6%).
Key Target Audience:
- Suppliers of Raw Materials
- Manufacturers of Photonics
- Traders, Distributors, and Suppliers of Photonics products & services
- Government & Regional Agencies, Research Organizations, and Investors related to Photonics
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.).
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The report offers market estimations and projections till 2021 and offers a complete study of the market dynamics. In addition, the report provides the competitive landscape with major growth strategies adopted by the key players.
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