Photonics Market in US 2024-2028

Description

List of Tables

The photonics market in US is forecasted to grow by USD 51.37 mn during 2023-2028, accelerating at a CAGR of 5.99% during the forecast period. The report on the photonics market in US provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by emerging silicon-based photonics applications, growing focus on eco-friendly solutions and high performance, and rapid expansion of cloud computing in technology used in photonics.

Technavio's photonics market in US is segmented as below:

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	5.43%
CAGR	5.99%
Incremental Value	$51.37mn

By End-user

Consumer electronics
Building and construction
Safety and defense technology
Medical and healthcare
Others

By Product

WDM filters
Optical modulators
Optical interconnects
Photo detectors
Others

By Application

Information and communication technology
Displays
Photovoltaic
Biophotonics
Others

By Geographical Landscape

North America

This study identifies the rise in developments in US on photonics as one of the prime reasons driving the photonics market in US growth during the next few years. Also, growing importance of light detection and ranging (LIDAR) technology and advancement in integrated circuit (IC) semiconductor miniaturization will lead to sizable demand in the market.

The report on the photonics market in US covers the following areas:

Photonics market in US sizing
Photonics market in US forecast
Photonics market in US industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading photonics market in US vendors that include American Elements, ams OSRAM AG, Hamamatsu Photonics KK, II VI Inc., Infinera Corp., Intel Corp., IPG Photonics Corp., Lumentum Holdings Inc., Molex LLC, NEC Corp., Photonic Systems Inc., Polatis Inc., Thorlabs Inc., TRUMPF SE Co. KG, and Vescent Photonics LLC. Also, the photonics market in US analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR77774

1 Executive Summary

1.1 Market overview

2 Market Landscape

2.1 Market ecosystem

3 Market Sizing

3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028

4 Historic Market Size

4.1 Photonics market in US 2018 - 2022
4.2 End-user Segment Analysis 2018 - 2022
4.3 Product Segment Analysis 2018 - 2022
4.4 Application Segment Analysis 2018 - 2022

5 Five Forces Analysis

5.1 Five forces summary
5.2 Bargaining power of buyers
5.3 Bargaining power of suppliers
5.4 Threat of new entrants
5.5 Threat of substitutes
5.6 Threat of rivalry
5.7 Market condition

6 Market Segmentation by End-user

6.1 Market segments
6.2 Comparison by End-user
6.3 Consumer electronics - Market size and forecast 2023-2028
6.4 Building and construction - Market size and forecast 2023-2028
6.5 Safety and defense technology - Market size and forecast 2023-2028
6.6 Medical and healthcare - Market size and forecast 2023-2028
6.7 Others - Market size and forecast 2023-2028
6.8 Market opportunity by End-user

7 Market Segmentation by Product

7.1 Market segments
7.2 Comparison by Product
7.3 WDM filters - Market size and forecast 2023-2028
7.4 Optical modulators - Market size and forecast 2023-2028
7.5 Optical interconnects - Market size and forecast 2023-2028
7.6 Photo detectors - Market size and forecast 2023-2028
7.7 Others - Market size and forecast 2023-2028
7.8 Market opportunity by Product

8 Market Segmentation by Application

8.1 Market segments
8.2 Comparison by Application
8.3 Information and communication technology - Market size and forecast 2023-2028
8.4 Displays - Market size and forecast 2023-2028
8.5 Photovoltaic - Market size and forecast 2023-2028
8.6 Biophotonics - Market size and forecast 2023-2028
8.7 Others - Market size and forecast 2023-2028
8.8 Market opportunity by Application

9 Customer Landscape

9.1 Customer landscape overview

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
11.3 Landscape disruption
11.4 Industry risks

12 Vendor Analysis

12.1 Vendors covered
12.2 Market positioning of vendors
12.3 American Elements
12.4 ams OSRAM AG
12.5 Hamamatsu Photonics KK
12.6 II VI Inc.
12.7 Infinera Corp.
12.8 Intel Corp.
12.9 IPG Photonics Corp.
12.10 Lumentum Holdings Inc.
12.11 Molex LLC
12.12 NEC Corp.
12.13 Photonic Systems Inc.
12.14 Polatis Inc.
12.15 Thorlabs Inc.
12.16 TRUMPF SE Co. KG
12.17 Vescent Photonics LLC

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
13.3 Currency conversion rates for US$
13.4 Research methodology
13.5 List of abbreviations