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Strategic Assessment of Asian Photonics Markets
Frost & Sullivan, Sep 2005
Asian Photonics Market Rapidly Developing
The market for photonics is currently in the developing stage. The Asian photonics market comprises multinational corporations that operate in all the major geographic markets along with small niche firms that serve regional markets. Rapid growth in communication and increasing demand for flat panel displays is driving the industry.
This Frost & Sullivan Research examines the key areas of focus in the photonics industry of various Asian countries. The key photonics clusters in Asia have been analyzed in detail. The study discusses the health of Asian photonics industry based on SWOT analysis and assessment based on application segment.
Technological Advancements Drive Market Growth
Driven by the market demand for photonics in new applications - back-light use in cell phones, rapid penetration of liquid crystal displays (LCDs), and traffic lights - huge investments are pouring into the industry. Manufacturers of flat panel displays (FPDs) are increasing market penetration and market share by focusing on volume manufacturing. Rapid growth of communications - both voice and data transmission - in Asia is driving revenues of the Asian photonics market, says the analyst of the research. In addition, the increasing demand for FPDs further ascertains a high growth of photonics industry in Asia through 2009.
Changing Dynamics of the Asian Photonics Market Highlight Opportunities
The Asian photonics market is very promising both in terms of growth and revenues. The huge market for optoelectronic products and FPDs will expand the market. The large demand for photonics products in Asia is coupled with increasing foreign investments from multinational companies in the United States.
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