Global Photonics Market Analysis, Growth, Trends & Forecast 2018-2023, With an Expected CAGR of 7.84% - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Aug 3, 2018--The “Global Photonics Market - Segmented by Application (Data Communication, Image Capture & Display and Photovoltaic), and Region - Growth, Trends, and Forecast (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.
The photonics market was valued at USD 590.35 billion in 2017 and is expected to reach a value of USD 928.51 billion by 2023, at a CAGR of 7.84% over the forecast period, 2018-2023.
Silicon photonics is an evolving branch of photonics offering a clear advantage over electric conductors used in semiconductors, which are used in high-speed transmission systems. This technology is expected to push the transmission speeds up to 100 Gbps, with companies, such as IBM, Intel, and Kothura achieving breakthroughs using the technology. Intel optical transceivers developed using silicon photonics are being deployed for 100G connectivity.
Image capturing & display deals with a broad palette of interrelated photonics technologies. The market share of LED technology is rapidly growing, and it is anticipated to become the dominant lighting technology before the end of the decade. This revolution in technology allowed the business to shift from light sources to intelligent lighting solutions.
The growth in the photonics market in the United States strongly correlates with the growth of parent markets, such as lighting, safety & defense applications, and healthcare and production technology. Similarly, the country leads the data center hardware market, which remains one of the major applications for photonics, with around one-third of the overall market share.
Companies Mentioned3S Photonics SAS Finisar Corporation Hamamatsu Photonics KK Hewlett-Packard Company IBM Corporation IPG Photonics Infinera Corporation. Innolume GmbH Intel Corp Molex Inc. Osram Licht AG Philips N.V
Key Topics Covered:
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. Technology Snapshot
6. Global Photonics Market Segmentation - By Application
7. Global Photonics Market Segmentation - By Region
8. Global Photonics Market , Competitive Intelligence - Company Profiles
9. Investment Analysis
10. Future of the Photonics Market
For more information about this report visit https://www.researchandmarkets.com/research/p8rdcs/global_photonics?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180803005337/en/
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PUB: 08/03/2018 10:33 AM/DISC: 08/03/2018 10:33 AM