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Photonics Market by Product Type, Application, End-Use Industry - Global Forecast to 2022

Photonics Market: Global Forecast until 2022

  • December 2017
  • 152 pages
  • ID: 4180618
In this report:
According to DNV GL, renewable energy is expected to account for about ##.##% of the global primary energy supply by 2050, with solar photovoltaic energy accounting for nearly ##.##% of the global energy supply by 2050.
Lighting application accounted for the largest share of ##.##% of the overall market in 2016 and is expected to witness a CAGR of ##.##% between 2017 and 2022.

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The photonics market is estimated to rise at a compound annual growth rate of 8.40 percent between 2017 and 2022

The photonics market is forecasted to grow from ~$530.5B in 2017 to ~$795.5B by 2022, at a compound annual growth rate of 8.40 percent. The raised demand for photonics in applications including displays, info & communication technology, photovoltaic, medical technology & life sciences, measurement & automated vision, lighting, and production technology is predicted to push the rise of the photonics market across the world. Improved properties, including better energy efficiency and longer lifespan, contribute to the raised demand for photonics. Regulations on some chemical substances used in the manufacturing of photonics products act as a restraint for the photonics market increase

The production technology application segment is presumed to grow at the maximal CAGR (Compound annual growth rate) between 2017 and 2022

Established on application, the production technology segment of the photonics market is expected to increase at the maximal compound annual growth rate (CAGR) during the outlook period, in terms of value importance. This expected important rise is assigned to the growing use of photonics products to enhance the plan and energy efficiency of production technologies

The LED segment is forecasted to be the biggest product type segment during the estimate period

Established on product class, the LED segment is estimated to result the photonics market between 2017 and 2022. The increase of this segment is assigned to the rising use of relatively higher energy-efficient LEDs in the lighting and display applications

The Asia Pacific photonics market is expected to rise at the highest CAGR (Compound annual growth rate) during the outlook period

The Asia Pacific photonics market is expected to grow at the highest compound annual growth rate (CAGR) between 2017 and 2022, due to the rise of the region's end-user industries, including building & construction; media, broadcasting, & telecommunication; medical; industrial; and security & defense. Urbanization and the continuously increasing population are also anticipated to growth the industry demand for photonics in this area.

Extensive primary audit sessions have been conducted to determine and verify the market value for various segments and sub-segments.

The break-up of primary interviews has been provided below.

• By Company category: Tier 1 - 20.0 percent, Tier 2 - 55.0 percent, and Tier 3 - 25.0 percent

• By Description: C-suite - 50.0 percent, D-level - 25.0 percent, and Others - 25.0 percent

• By Area: North America continent - 60.0 percent, Europe (EU) - 20.0 percent, Asia Pacific (APAC) - 10.0 percent, South America- 5.0 percent, and the Middle East (ME) & African continent - 5.0 percent

The firms decribed in this research report contain Philips, Schott, Nikon Corporation, Shin-Etsu Chemical Company, Hoya Corporation, Corning, Asahi Glass Company, II-VI Inc., Ohara Inc., and American Elements.

Segment Research

This market research has categorized the photonics market based on product type, application, end-use sector, and area. It includes exhaustive information concerning the main factors, including drivers, industry restraints, opportunities, and possibilities, influencing the increase of the photonics market.

An in-depth study of the main actors has been done to furnish business insights on their business overviews, products & services offered, and top strategies, including investments & business developments and mergers & acquisitions, approved by them to enhance their rank in the photonics market.

Why acquiring this study can help you:

The analysis is expected to benefit industry top players/new sector entrants in this sector in these ways:

1. This report comprehensively segments the photonics market and offers the closest approximations of the market sizes for the global market and its sub-segments across several regions.

2. The market research is expected to benefit the partners distinguish the pulse of the sector and offer them information on the main market drivers, market restraints, opportunities, and alternatives.

3. This industry report is also anticipated to help the partners comprehend main competitors in the industry and gain insights to improve their competitive positions in the sector. The competitive outlook section includes main industry actors from different areas, providing to the market. The landscape consists of the top 25 firms ranked and grouped, on the basis of their competency parameters, including geographical presence, recent strategic developments, and the number of employees.

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