Research Expert: Sarah Overall
  • Published: Mar 2025
  • Pages: 150
  • SKU: IRTNTR75829

  • Latest News- Photonics Market: Consumer electronics is expected to lead the Application segment during 2024-2028

    The Photonics Market is being driven by Reduction in transmission costs and scalability beyond 400G

    The Photonics Market is expected to grow at a CAGR of 6.45% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 321.9 billion. In today's digital landscape, data center networks have experienced exponential growth due to the surge in cloud-based applications and big data analytics. High-performance data centers now consist of thousands of servers, necessitating a large and efficient interconnection network. Optical Wavelength Division Multiplexing (WDM) technology offers terabit data transmission capabilities, making it an ideal solution for such networks. Furthermore, optical switching provides fast and energy-efficient switching capabilities for intra-data center networks. Photonics technology is essential for realizing ultra-high-speed optical switches. Additionally, the trend towards data center disaggregation involves separating computer networking, storage, and power distribution resources into modular racks. Each server within a rack is allocated its own set of resources, enhancing network efficiency and flexibility. 

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    Which Factors Are Causing a Surge in Market Growth?

    The market is segmented based on

    • Application
      • Consumer electronics
      • Displays
      • Safety and defense technology
      • Medical and healthcare
      • Others
    • Product
      • WDM filters
      • Optical modulators
      • Optical interconnects
      • Photo detectors
      • Others
    • Geography
      • North America
        • US
      • Europe
        • APAC
          • China
          • Japan
        • Middle East and Africa
          • South America

          According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

          • Reduction in transmission costs and scalability beyond 400G
          • Increasing need for energy-efficient products like silicon photonics
          • Growing need for higher network bandwidth

          However, the market also witnesses some limitations, which are as follows:

          • Availability of substitute technologies
          • Stringent regulations on chemicals like arsenic oxide and boron oxide used in manufacturing photonics
          • High cost of photonics products and services

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          Market Scope in Photonics Market Research Report

          Market Scope

          Report Coverage

          Details

          Page number

          176

          Base year

          2023

          Historic period

          2018-2022

          Forecast period

          2024-2028

          Growth momentum & CAGR

          Accelerate at a CAGR of 6.45%

          Market growth 2024-2028

          USD 321.9 billion

          Market structure

          market_structure.ucfirst

          YoY growth 2023-2024(%)

          5.72

          Key countries

          US, China, and Japan

          Competitive landscape

          Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

          Request Free Sample

          Find out which segment is leading the market by accessing the free PDF report

          Research Analysis Overview

          The Photonics Market encompasses various light-based technologies, including 3D printing, laser technology, and optical scanning systems, which find applications in imaging solutions, 5G deployment, fiber optic cables, and non-invasive healthcare. Medical lasers and OCT scanning are crucial in women's health, while biometric identification and surveillance systems leverage photonics for enhanced security. Environmental regulations and toxic chemicals challenge the industry, while semiconductor fabrication, data centers, and quantum computing drive innovation.

          Market Research Overview

          The Photonics Market, a significant segment of the broader global electronic equipment and instruments market, encompasses innovations in light-based technologies such as 3D printing, laser technology, optical scanning systems, and imaging solutions. Key drivers propelling market expansion include the increasing demand for advanced testing and measurement equipment in sectors like telecommunications, particularly with the deployment of 5F technology, and the healthcare industry's growing preference for non-invasive procedures. Additionally, the integration of fiber optic cable technology in various applications, from industrial automation to energy management, further fuels market growth. Technavio projects that these trends will contribute to the market's substantial expansion in the coming years.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.


          Contacts

          Technavio Research
          Jesse Maida
          Media & Marketing Executive
          US: +1 844 364 1100
          UK: +44 203 893 3200
          Email: media@technavio.com
          Website: www.technavio.com/

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