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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

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Date: 22-Sep-2016
No. of pages: 160
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“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.).

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

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 By Region
1.3.3 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Growth Opportunities in Photonics Market
4.2 Asia-Pacific: Largest Photonics Market in 2015
4.3 Information & Technology Expected to Dominate Photonics Market, 2016–2021
4.4 Life Cycle Analysis

5 Market Overview
5.1 Introduction
5.2 Segmentation
5.2.1 By Application
5.2.2 By End-Use Industry
5.2.3 By Region
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Increasing Needs for Alternative Energy and Energy Savings
5.3.1.2 Shifting Trend Towards High Performance and Environment-Friendly Technology
5.3.2 Restraints
5.3.2.1 Stringent Environmental Regulations Hampering the Performance of Photonics Products
5.3.3 Opportunities
5.3.3.1 Technological Advancements Leading to Innovative Avenues
5.3.4 Challenges
5.3.4.1 High Cost of Photonic Enabled Products and Services
5.3.4.2 Stiff Competition in the Market

6 Industry Trends
6.1 Introduction
6.2 Value-Chain Analysis
6.3 Porter’s Five Forces Analysis
6.3.1 Bargaining Power of Suppliers
6.3.2 Threat of New Entrants
6.3.3 Threat of Substitutes
6.3.4 Bargaining Power of Buyers
6.3.5 Intensity of Competitive Rivalry
6.4 Macro-Economic View and Key Drivers
6.4.1 Macro Economic Overview and Key Drivers
6.4.2 Introduction
6.4.3 Per Capita GDP vs Per Capita Photonics Usage
6.4.4 Trends and Forecast of the Industrial Sector, By Country
6.4.5 Trends of Building, Infrastructure & Construction Industry

7 Photonics Market, By Application
7.1 Introduction
7.2 Displays
7.2.1 Display in Mobile Devices
7.2.2 Display in Television
7.3 Information & Communication Technology
7.3.1 Data Transmission
7.3.2 Data Storage
7.4 Photovoltaic
7.4.1 Major Photovoltaic Powerstations
7.5 Medical Technology & Life Sciences (Bio Photonics)
7.5.1 Photonics in Medical Diagnosis
7.5.2 Photonics in Surgeries
7.6 Measurement & Automated Vision
7.6.1 Measuring Instruments
7.6.2 Automated Vision
7.7 Lighting
7.7.1 CFLs
7.7.2 LEDs
7.8 Manufacturing Technology
7.9 Others

8 Photonics Market, By End-Use Industry
8.1 Introduction
8.2 Building & Construction
8.2.1 Building & Construction Projects
8.2.1.1 New City Development Project
8.2.1.2 Renewal Projects
8.3 Media, Broadcasting and Telecommunication
8.4 Consumer & Business Automation
8.5 Medical
8.6 Security & Defense
8.7 Industrial
8.8 Others (Energy and Eyewear Industry)

9 Photonics Market, By Region
9.1 Introduction
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 France
9.3.3 Netherlands
9.3.4 U.K.
9.3.5 Italy
9.3.6 Switzerland
9.3.7 Rest of Europe
9.4 Asia-Pacific
9.4.1 Japan
9.4.2 China
9.4.3 South Korea
9.4.4 Taiwan
9.4.5 India
9.4.6 Rest of Asia-Pacific
9.5 Middle East & Africa
9.5.1 Saudi Arabia
9.5.2 South Africa
9.5.3 Rest of Middle East & Africa
9.6 South America
9.6.1 Brazil
9.6.2 Argentina
9.6.3 Rest of South America

10 Competitive Landscape
10.1 Overview
10.2 Competitive Situations and Trends
10.3 New Product Launches: Most Popular Growth Strategy Between 2012 and 2016
10.3.1 New Product Launches
10.3.2 Expansion
10.3.3 Mergers & Acquisitions
10.3.4 Agreements & Joint Ventures
10.3.5 Partnerships

11 Company Profiles
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
11.1 Royal Philips NV
11.2 Schott AG
11.3 Shin-ETSU Chemical Company Limited
11.4 Nikon Corporation
11.5 Hoya Corporation
11.6 Corning Incorporated
11.7 American Elements
11.8 Ohara Inc.
11.9 Asahi Glass Company Limited
11.10 II-VI, Inc.
11.11 Other Key Players in the Market

*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

12 Appendix
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
12.4 Introducing RT: Real Time Market Intelligence
12.5 Available Customizations
12.6 Related Reports

List of Tables

Table 1 Per Capita GDP vs Per Capita Photonics Usage (USD), 2015
Table 2 Country Wise Percentage of Individuals Using Internet (2014)
Table 3 Mega Construction Projects Both Under Development and Proposed, By Region, 2015
Table 4 Photonics Market Size, By Application, 2014–2021 (USD Billion)
Table 5 Displays Market Size, By Region,2014–2021 (USD Billion)
Table 6 Information & Communication Technology Market Size, By Region, 2014–2021 (USD Billion)
Table 7 Photovoltaic Market Size, By Region,2014–2021 (USD Billion)
Table 8 Medical Technology & Life Sciences (Biophotonics) Market Size, By Region, 2014–2021 (USD Billion)
Table 9 Measurement & Automated Vision Market Size, By Region, 2014–2021 (USD Billion)
Table 10 Lighting Market Size, By Region,2014–2021 (USD Billion)
Table 11 Manufacturing Technology Market Size, By Region 2014–2021 (USD Billion)
Table 12 Other Market Size, By Region, 2014–2021 (USD Billion)
Table 13 Photonics Market Size in Building & Construction, By Region, 2014–2021 (USD Billion)
Table 14 Photonics Market Size in Media, Broadcasting and Telecommunication, By Region, 2014–2021, (USD Billion)
Table 15 Photonics Market Size in Consumer & Business Automation, By Region, 2014–2021 (USD Billion)
Table 16 Photonics Market Size in Medical, By Region, 2014–2021 (USD Billion)
Table 17 Photonics Market Size in Security & Defense, By Region, 2014–2021 (USD Billion)
Table 18 Photonics Market Size in Industrial, By Region, 2014–2021 (USD Billion)
Table 19 Photonics Market Size in Others, By Region, 2014–2021 (USD Billion)
Table 20 Photonics Market Size, By Region, 2014–2021 (USD Billion)
Table 21 Photonics Market Size, By Application, 2014–2021 (USD Billion)
Table 22 Photonics Market Size, By End-Use Industry, 2014–2021 (USD Billion)
Table 23 North America: Photonics Market Size, By Country, 2014–2021 (USD Billion)
Table 24 North America: Photonics Market Size, By Application, 2014–2021 (USD Billion)
Table 25 North America: Photonics Market Size, By End-Use Industry, 2014–2021 (USD Billion)
Table 26 U.S.: Photonics Market Size, By Application, 2014–2021 (USD Billion)
Table 27 U.S.: Photonics Market Size, By End-Use Industry, 2014–2021 (USD Billion)
Table 28 Canada: Photonics Market Size, By Application, 2014–2021 (USD Billion)
Table 29 Canada: Photonics Market Size, By End-Use Industry, 2014–2021 (USD Billion)
Table 30 Mexico: Photonics Market Size, By Application, 2014–2021 (USD Billion)
Table 31 Mexico: Photonics Market Size, By End-Use Industry, 2014–2021 (USD Billion)
Table 32 Europe: Photonics Market Size, By Country, 2014–2021 (USD Billion)
Table 33 Europe: Photonics Market Size, By Application, 2014–2021 (USD Billion)
Table 34 Europe: Photonics Market Size, By End-Use Industry, 2014–2021 (USD Billion)
Table 35 Germany: Photonics Market Size, By Application, 2014–2021 (USD Billion)
Table 36 Germany: Photonics Market Size, By End-Use Industry, 2014–2021 (USD Billion)
Table 37 France: Photonics Market Size, By Application, 2014–2021 (USD Billion)
Table 38 France: Photonics Market Size, By End-Use Industry, 2014–2021 (USD Billion)
Table 39 Netherlands: Photonics Market Size, By Application, 2014–2021 (USD Billion)
Table 40 Netherlands: Photonics Market Size, By End-Use Industry, 2014–2021 (USD Billion)
Table 41 U.K.: Photonics Market Size, By Application, 2014–2021 (USD Billion)
Table 42 U.K.: Photonics Market Size, By End-Use Industry, 2014–2021 (USD Billion)
Table 43 Italy: Photonics Market Size, By Application, 2014–2021 (USD Billion)
Table 44 Italy: Photonics Market Size, By End-Use Industry, 2014–2021 (USD Billion)
Table 45 Switzerland: Photonics Market Size, By Application, 2014–2021 (USD Billion)
Table 46 Switzerland: Photonics Market Size, By End-Use Industry, 2014–2021 (USD Billion)
Table 47 Rest of Europe: Photonics Market Size, By Application, 2014–2021 (USD Billion)
Table 48 Rest of Europe: Photonics Market Size, By End-Use Industry, 2014–2021 (USD Billion)
Table 49 Asia-Pacific: Photonics Market Size, By Country, 2014–2021 (USD Billion)
Table 50 Asia-Pacific: Photonics Market Size, By Application, 2014–2021 (USD Billion)
Table 51 Asia-Pacific: Photonics Market Size, By End-Use Industry, 2014–2021 (USD Billion)
Table 52 Japan: Photonics Market Size, By Application, 2014–2021 (USD Billion)
Table 53 Japan: Photonics Market Size, By End-Use Industry, 2014–2021 (USD Billion)
Table 54 China: Photonics Market Size, By Application, 2014–2021 (USD Billion)
Table 55 China: Photonics Market Size, By End-Use Industry, 2014–2021 (USD Billion)
Table 56 South Korea: Photonics Market Size, By Application, 2014–2021 (USD Billion)
Table 57 South Korea: Photonics Market Size, By End-Use Industry, 2014–2021 (USD Billion)
Table 58 Taiwan: Photonics Market Size, By Application, 2014–2021 (USD Billion)
Table 59 Taiwan: Photonics Market Size, By End-Use Industry, 2014–2021 (USD Billion)
Table 60 India: Photonics Market Size, By Application, 2014–2021 (USD Billion)
Table 61 India: Photonics Market Size, By End-Use Industry, 2014–2021 (USD Billion)
Table 62 Rest of Asia-Pacific: Photonics Market Size, By Application, 2014–2021 (USD Billion)
Table 63 Rest of Asia-Pacific: Photonics Market Size, By End-Use Industry, 2014–2021 (USD Billion)
Table 64 Middle East & Africa: Photonics Market Size, By Country, 2014–2021 (USD Billion)
Table 65 Middle East & Africa: Photonics Market Size, By Application,2014–2021 (USD Billion)
Table 66 Middle East & Africa: Photonics Market Size, By End-Use Industry, 2014–2021 (USD Billion)
Table 67 Saudi Arabia: Photonics Market Size, By Application, 2014–2021 (USD Billion)
Table 68 Saudi Arabia: Photonics Market Size, By End-Use Industry, 2014–2021 (USD Billion)
Table 69 UAE: Photonics Market Size, By Application, 2014–2021 (USD Billion)
Table 70 South Africa: Photonics Market Size, By End-Use Industry, 2014–2021 (USD Billion)
Table 71 Rest of Middle East & Africa: Photonics Market Size, By Application, 2014–2021 (USD Billion)
Table 72 Rest of Middle East & Africa: Photonics Market Size, By End-Use Industry, 2014–2021 (USD Billion)
Table 73 South America: Photonics Market Size, By Country, 2014–2021 (USD Billion)
Table 74 South America: Photonics Market Size, By Application, 2014–2021 (USD Billion)
Table 75 South America: Photonics Market Size, By End-Use Industry, 2014–2021 (USD Billion)
Table 76 Brazil: Photonics Market Size, By Application, 2014–2021 (USD Billion)
Table 77 Brazil: Photonics Market Size, By End-Use Industry, 2014–2021 (USD Billion)
Table 78 Argentina: Photonics Market Size, By Application, 2014–2021 (USD Billion)
Table 79 Argentina: Photonics Market Size, By End-Use Industry, 2014–2021 (USD Billion)
Table 80 Rest of South America: Photonics Market Size, By Application, 2014–2021 (USD Billion)
Table 81 Rest of South America: Photonics Market Size, By End-Use Industry, 2014–2021 (USD Billion)
Table 82 New Product Launches, 2012–2016
Table 83 Expansion, 2012–2016
Table 84 Mergers & Acquisitions, 2012–2016
Table 85 Agreements & Joint Ventures, 2012–2016
Table 86 Partnerships, 2012-2016

List of Figures

Figure 1 Market Segmentation: Photonics
Figure 2 Photonics Market: Research Design
Figure 3 Breakdown of Primary Interviews
Figure 4 Market Size Estimation: Bottom-Up Approach
Figure 5 Market Size Estimation: Top-Down Approach
Figure 6 Data Triangulation: Photonics Market
Figure 7 Security & Defense, Media, Broadcasting and Telecommunication Projected to Be the Leading Segment Between 2016 and 2021 (USD Billion)
Figure 8 Information & Communication Technology to Be the Major Application for the Photonics Market
Figure 9 Asia-Pacific Projected to Lead the Photonics Market Between 2016 and 2021 (USD Billion)
Figure 10 Opportunities Photonics Market Expected to Grow at A Moderate Rate
Figure 11 Photonics Market: Life Cycle Analysis
Figure 12 Photonics Market, By Application
Figure 13 Photonics Market, By End-Use Industry
Figure 14 Photonics Market, By Region
Figure 15 Photonics: Market Dynamics
Figure 16 Photonics Market: Value-Chain Analysis
Figure 17 Porter’s Five Forces Analysis
Figure 18 Per Capita GDP vs Per Capita Photo Nics Usage
Figure 19 Mega Cosnstruction Projects, By Region- 2015
Figure 20 The Photonics Market From 2010 to 2016
Figure 21 Information & Communication Technology Accounted for the Largest Share of the Photonics Market in 2015
Figure 22 Asia-Pacific to Lead the Photonics Market in Displays Between 2016 and 2021
Figure 23 Asia-Pacific to Register the Highest CAGR Between 2016 and 2021
Figure 24 North America to Lead the Photovoltaic Market Between 2016 and 2021
Figure 25 North America to Lead the Medical Technology & Life Sciences Market Between 2016 and 2021
Figure 26 Asia-Pacific to Register the Highest CAGR Between 2016 and 2021
Figure 27 Asia-Pacific to Register the Highest CAGR Between 2016 and 2021
Figure 28 Europe and Asia-Pacific to Register the Highest CAGR Between 2016 and 2021
Figure 29 North America Will Continue to Lead the Others Segment Between 2016 and 2021
Figure 30 Media, Broadcasting & Telecommunication is the Largest End-Use Industry of Photonics
Figure 31 Europe is the Fastest-Growing Market for Photonics in Building & Construction (USD Billion)
Figure 32 Asia-Pacific Expected to Be the Largest Market for Photonics in Media, Broadcasting & Telecommunication Industry (USD Billion)
Figure 33 Europe is the Fastest-Growing Market for Photonics in Consumer & Business Automation (USD Billion)
Figure 34 North America is the Largest Consumer of Photonics in Medical Segment (USD Billion)
Figure 35 Asia-Pacific is the Fastest-Growing Market for Photonics in Security & Defense (USD Billion)
Figure 36 Asia-Pacific is the Fastest-Growing Market for Photonics in Industrial Segment (USD Billion)
Figure 37 Asia-Pacific is the Fastest-Growing Market for Photonics in Other End Use Industries(USD Billion)
Figure 38 Emerging Markets as New Strategic Locations for Rapid Growth
Figure 39 The North American Market Snapshot: Increase in Consumption of Photonics (2016–2021)
Figure 40 The European Market Snapshot: Country-Wise Consumption of Photonics in Infrastructure & Construction, Oil & Gas, and Marine
Figure 41 Asia-Pacific Market Snapshot: China and India Lead the Consumption of Photonics
Figure 42 Companies Adopted New Product Launches as the Key Growth Strategy Between 2012 and 2016
Figure 43 Market Evaluation Framework: New Product Launches Fueled Growth Between 2014 and 2016
Figure 44 Royal Philips NV: Company Snapshot
Figure 45 Royal Philips NV: Company Snapshot
Figure 46 Schott AG: Company Snapshot
Figure 47 Schott AG: SWOT Analysis
Figure 48 Shin-ETSU Chemical Company Limited: Company Snapshot
Figure 49 Shin-ETSU Chemical Company Limited: SWOT Analysis
Figure 50 Nikon Corporation: Company Snapshot
Figure 51 Nikon Corporation: SWOT Analysis
Figure 52 Hoya Corporation: Company Snapshot
Figure 53 Hoya Corporation: SWOT Analysis
Figure 54 Corning Incorporated: Company Snapshot
Figure 55 Corning Incorporated: SWOT Analysis
Figure 56 Ohara Inc.: Company Snapshot
Figure 57 Asahi Glass Company Limited: Company Snapshot
Figure 58 II-VI Inc.: Company Snapshot

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