According to a new market report published by Transparency Market Research “Photonics Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2020” the market was valued at USD 509.75 billion in 2013, which is expected to reach USD 765.89 million by 2020, growing at a CAGR of 5.8% from 2014 to 2020. All the applications of light across the light spectrum, ranging from ultraviolet to visible light are covered under the scope of photonics. It finds applications across consumer electronics, displays, safety and defense technology, communication, metrology and sensing among others. In addition, the various products of photonics including waveguides, optical modulators, optical interconnects, LED, wavelength division multiplexer filters, photo detectors, lasers, amplifiers and spectroscopes among others are also gaining wide acceptance.
You can go to http://www.transparencymarketresearch.com/photonics-market.html to buy the research report or browse through its table of contents.
The prices of photonics based instruments being on the lower side compared to conventional devices is one of the major factors fueling the demand for photonics based instruments globally. Furthermore, the application of photonics based instruments in medical and healthcare segment is also boosting the demand for photonics based instruments. The demand for fast and early diagnosis and minimally invasive surgery are boosting the photonics based instruments globally.
Wavelength division multiplexer filter is one of the major product segments for photonics based instruments. Increasing demand for high speed communication is the major factor boosting the demand for wavelength division multiplexers. In addition, medical and healthcare is one of the fastest growing application segments for photonics based instruments. Aging population is driving the demand for photonics based instruments globally in medical and healthcare segment.
A sample of the report in PDF obtained by visiting:
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=863
North America is the largest market for photonics at present. Presence of large number of business utilities coupled with demand for high speed computing and communication are boosting the photonics market in North America. However, Asia Pacific is the fastest growing market for photonics globally. India, China and Japan are some of the major countries supporting the demand for photonics based instruments in Asia Pacific.
Get full Press Release of this report, here:
http://www.transparencymarketresearch.com/pressrelease/photonics-market.htm
The photonics market is lead by few major players. High capital requirement and rapidly changing technology are the major factors inhibiting new entrants from entering the photonics market. Intel Corporation, Hewlett-Packard Company, Hamamatsu Photonics K.K., Finisar Corporation, IBM Corp., Luxtera Inc., Infinera Corp., 3S Photonics S.A.S. and Innolume GmbH among others are some of the key players operating in the photonics market.
Photonics Market: By Product
-
Waveguides
-
Optical Modulators
-
Optical Interconnects
-
LED
-
Wavelength Division Multiplexer Filters
-
Photo Detectors
-
Lasers
-
Amplifiers
-
Others
Photonics Market: By Application
-
Consumer Electronics
-
Displays
-
Safety and Defense Technology
-
Communication
-
Metrology
-
Sensing
-
Medical and Healthcare
-
High Performance Computing
-
Others
Other Reports:
-
Home Automation Market:
http://www.transparencymarketresearch.com/home-automation-market.html -
LV and MV Switchgear Market:
http://www.transparencymarketresearch.com/lv-mv-switchgear-industry.html
About Us
Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information. Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Media Contact
Company Name: Transparency Market Research PVT. LTD.
Contact Person: Atil Chaudhari
Email: Send Email
Phone: +1-518-618-1030
Address:State Tower, 90 State Street, Suite 700
City: Albany
State: New York
Country: United States
Website: http://www.transparencymarketresearch.com/
Source: www.abnewswire.com