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Emergence of Newer Technologies to Shape Contours of the Photonics Market

17 Sep | By Aakash Choudhary
Emergence of Newer Technologies to Shape Contours of the Photonics Market
By: Aakash Choudhary
Photonics refers to the technology and science of detecting, controlling, and generating photons. Photons are particles of light. Photonics is considered the science of light. The properties of photons and waves can be utilized in the exploration of a wide a range of things from the universe to find a cure for diseases to solution for a crime. Such extensive range of use is estimated to bolster growth of the global photonics market in the near future.


The global photonics market is estimated to be driven by the growing popularity of additive manufacturing or lidar technology. Lidar technology is utilized for the analysis of pollutant and gas distribution in the atmosphere. This technology has become extremely vital for the autonomous driving in the last few years. Increased use of silicon-based photonics is expected to shape the contour of the global photonics market in the years to come.

Technological progress made in light-based technologies has ushered in a new age era that is characterized with a wave of innovation. On the other hand, the global photonics market is likely to face challenges for the high cost associated with the utilization of photonics products.

Global market for photonics has been covered under the scope of this report. The emission, generation, modulation, switching and detection of light are included within photonics. All the applications of light ranging from visible spectrum to ultraviolet rays are covered within photonics. The various applications of photonics include consumer electronics, displays, safety and defense technology, communication, metrology and sensing among others. 

Increasing demand for high speed electronics is another major factor fuelling the demand for photonics globally. The photonics based communication instruments use optical technologies that provide faster data transfer compared to existing technologies, which is an added advantage along with the cost benefit. Thus, increasing demand for high-speed electronics is expected to positively impact the global market for photonics.

North America held the largest market share in the global photonics market in 2018. Presence of large number of business utilities and increasing demand for high speed and accurate communication are some of the major factors fueling the demand in North America. Europe is second largest market for photonics globally. However, Asia Pacific is the fastest growing market. India, China and Japan are some of the major countries boosting the photonics market in Asia Pacific. Rapid industrialization and the growing number of business utilities due to foreign investments are the major factors enhancing the demand for photonics in this region.

Despite the growing application of photonics in various sectors, few challenges are also present in the market that could hamper the growth of this market. One of the major challenge is the thermal effect affects the embed components at a nanometer scale. The component integration of photonics into small circuits that is largely faced by photonics component manufacturers is also affecting the growth of the photonics market at the global level. Moreover, inefficient electroluminescence as it use light sources in the optical network also poses a significant challenge in this market. However, growing demand for photonics based instruments is rising in emerging economies, which may dive the overall market’s growth.   



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