At 8+% CAGR Photonics Market To Hit $795.54 Billion by 2022 Led by LED Segment

Photonics Market is forecast to reach $795.54 billion by 2022 from $530.52 billion in 2017 at a CAGR of 8.4% during (2017-2022) driven by the increased demand for photonics in applications such as displays, information & communication technology, photovoltaic, medical technology & life sciences, measurement & automated vision, lighting, and production technology.

PUNE, India, Dec. 4, 2017 /PRNewswire-iReach/ -- The Asia Pacific photonics market is projected to grow at the highest CAGR between 2017 and 2022, due to the growth of the region end-user industries, such as building & construction; media, broadcasting, & telecommunication; medical; industrial; and security & defense. Urbanization and the continuously growing population are also expected to increase the demand for photonics in this region.    

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" .

The companies profiled in the photonics market research report include Philips (Netherlands), Schott (Germany), Nikon Corporation (Japan), Shin-Etsu Chemical Company (Japan), Hoya Corporation (Japan), Corning (US), Asahi Glass Company (Japan), II-VI Inc. (US), Ohara Inc. (Japan), and American Elements (US).

Based on product type, the LED segment is estimated to lead the photonics market between 2017 and 2022. The growth of this segment is attributed to the increasing use of relatively higher energy-efficient LEDs in the lighting and display applications.

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Based on application, the production technology segment of the photonics market is projected to grow at the highest CAGR during the forecast period in terms of value. The production technology application segment is projected to grow at the highest CAGR from 2017 to 2022. This expected high growth is attributed to the increasing use of photonics products to improve the process and energy efficiency of production technologies.

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. Improved properties, such as better energy efficiency and longer lifespan, contribute to the increased demand for photonics. Regulations on some chemical substances used in the manufacturing of photonics products act as a restraint for the photonics market growth.

The media, broadcasting & telecommunication end-use industry segment is projected to lead the photonics market from 2017 to 2022. The landscape consists of the top 25 companies ranked and grouped, on the basis of their competency parameters, such as geographical presence, recent strategic developments, and the number of employees.

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Extensive primary interviews have been conducted to determine and verify the photonics market size for several segments and sub segments. The break-up of primary interviews has been given below.

·         By Company Type: Tier 1 - 20%, Tier 2 - 55%, and Tier 3 - 25%

·         By Designation: C Level - 50%, Director Level - 25%, and Others - 25%

·         By Region: North America - 60%, Europe - 20%, Asia-Pacific - 10%, South America - 5%, and the Middle East & Africa - 5%

This research report has categorized the photonics market on the basis of product type, application, end-use industry, and region. It includes detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the photonics market. A detailed analysis of the key players has been done to provide insights on their business overviews, products & services offered and key strategies, such as investments & expansions and mergers & acquisitions, adopted by them to strengthen their position in the photonics market.

Another research titled Wearable Sensors Market Global Forecast to 2022 says, the wearable sensors market was valued at $189.4 million in 2015 and is expected to reach $1,654.0million by 2022, growing at a CAGR of 30.14% between 2016 and 2022. Wristwear application expected to hold the largest size of the market during the forecast period. Wearable sensors market in North America expected to grow at the highest rate during the forecast period. Companies such as NXP Semiconductors N.V. (Netherlands), STMicroelectronics N.V. (Switzerland), TE Connectivity Ltd. (U.S.), Broadcom Limited (U.S.), Knowles Electronics, LLC. (U.S.), Analog Devices, Inc. (U.S.), Infineon Technologies AG (Germany), Asahi Kasei Corporation (Japan), Sensirion AG (Switzerland), InvenSense, Inc. (U.S.), Robert Bosch GmbH (Germany), Texas Instruments Incorporated (U.S.), Panasonic Corporation (Japan), mCube, Inc. (U.S.), ams AG (Austria), ARM Holdings Plc. (U.K) have been profiled in this 209 pages research report available at .

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