|
Home | Technology News Search Engine:
|
|
|
|
Home: Technology News:
|
|
|
(IT-NEWSWIRE.COM, December 08, 2017 ) The report "Photonics Market by Product Type (LED and Lasers, Detectors, Sensors & Imaging Devices), Application (ICT and Production Tech.), End-Use Industry (Media, Broadcasting & Telecommunication and Consumer & Business Automation) - Global Forecast to 2022", The photonics market is projected to grow from USD 530.52 Billion in 2017 to USD 795.54 Billion by 2022, at a CAGR of 8.4% during the forecast period. The growth of this market is driven by the increased demand from applications such as displays, information & communication technology, photovoltaic, medical technology & life sciences, measurement & automated vision, lighting, and production technology.
Browse 94 market data Tables and 37 Figures spread through 151 Pages and in-depth TOC on "Photonics Market by Product Type (LED and Lasers, Detectors, Sensors & Imaging Devices), Application (ICT and Production Tech.), End-Use Industry (Media, Broadcasting & Telecommunication and Consumer & Business Automation) - Global Forecast to 2022"
https://www.marketsandmarkets.com/Market-Reports/photonic-market-88194993.html
Early buyers will receive 10% customization on reports.
The media, broadcasting & telecommunication end-use industry segment is projected to lead the photonics market from 2017 to 2022
Based on end-use industry, the media, broadcasting & telecommunication segment accounted for the largest share of the photonics market in 2016, and this trend is expected to continue during the forecast period. Photonics is used in this end-use industry segment for communication, data storage, and data sharing purposes. The use of photonics products has significantly increased the speed of internet and the quality of voice calling
The lasers, detectors, sensors, & imaging devices product type segment of the photonics market is projected to grow at the highest CAGR between 2017 and 2022
Based on product type, the lasers, detectors, sensors, & imaging devices segment is projected to grow at the highest CAGR between 2017 and 2022. The expected high growth is attributed to the increasing demand for high operational efficiency, high sensitivity, precise measurement, and high-quality imaging offered by these products.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownload.asp?id=88194993
The Asia Pacific photonics market is projected to grow at the highest CAGR between 2017 and 2022
The Asia Pacific region is projected to be the fastest-growing market for photonics globally, due to the increasing adoption of photonics products in application areas such as displays, lighting, and information & communication technology. Moreover, increased government spending on digitization and process improvement in the manufacturing sector are also expected to fuel the growth of the photonics market in this region.
Key companies profiled in this research report on the photonics market include Philips (Netherlands), Schott (Germany), Nikon (Japan), Shin-Etsu Chemical Company (Japan), Hoya (Japan), Corning (US), Asahi Glass (Japan), II-VI Inc. (US), Ohara (Japan), and American Elements (US).
Speak To Analyst: https://www.marketsandmarkets.com/speaktoanalyst.asp?id=88194993
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
MarketsandMarkets
Mr. Rohan
1-888-600-6441
sales@marketsandmarkets.com
Source: EmailWire.Com 
Source: EmailWire.com
|
|
|
|
|
Technology News Headlines
|
|
|
|
|
Technology Business Video Feed
|
|
More Technology Video Feeds
|
|
|
