Global Photonics Market to Reach $1.2 Trillion by 2030
The global market for Photonics estimated at US$705.9 Billion in the year 2022, is projected to reach a revised size of US$1.2 Trillion by 2030, growing at a CAGR of 7% over the analysis period 2022-2030. LED, one of the segments analyzed in the report, is projected to record 6.1% CAGR and reach US$105.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Lasers, Sensors, Detectors & Imaging Devices segment is readjusted to a revised 6.7% CAGR for the next 8-year period.The U.S. Market is Estimated at $212.8 Billion, While China is Forecast to Grow at 6.6% CAGR
The Photonics market in the U.S. is estimated at US$212.8 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$210.8 Billion by the year 2030 trailing a CAGR of 6.6% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.5% and 5.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.7% CAGR.Select Competitors (Total 287 Featured) -
- American Elements
- Asahi Glass Co., Ltd.
- Corning, Inc.
- Hoya Corporation
- II-VI, Inc.
- Koninklijke Philips NV
- Nikon Corporation
- Ohara, Inc.
- SCHOTT AG
- Shin-Etsu Chemical Co., Ltd.
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and the publisher's Research Platform
- Complimentary updates for one year
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERSIV. COMPETITION
1. MARKET OVERVIEW
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- American Elements
- Asahi Glass Co., Ltd.
- Corning, Inc.
- Hoya Corporation
- II-VI, Inc.
- Koninklijke Philips NV
- Nikon Corporation
- Ohara, Inc.
- SCHOTT AG
- Shin-Etsu Chemical Co., Ltd.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 346 |
Published | May 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 705.9 Billion |
Forecasted Market Value ( USD | $ 1200 Billion |
Compound Annual Growth Rate | 6.9% |
Regions Covered | Global |