Press release
Photonics Market Likely to Reach USD 1.4 billion by 2030, registering a CAGR of 8%: TMR Report
Photonics refers to the science and technology of generating, controlling, and detecting photons, which are particles of light. Photonics technologies are used in a wide range of applications including telecommunications, medical devices, manufacturing, and information processing. The field has become increasingly important due to its potential to revolutionize various industries through faster data transmission, improved imaging techniques, and enhanced manufacturing processes.A recent study by Transparency Market Research (TMR) predicts that the Photonics market (광자공학 시장) is expected to reach a valuation of US$ 1.4 million by the conclusion of 2030. The report also highlights that the market is anticipated to grow at a Compound Annual Growth Rate (CAGR) of 8% between 2020 and 2030.
𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐬𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐨𝐟 𝐫𝐞𝐩𝐨𝐫𝐭: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=863
Photonic devices are manufactured using several components, such as photonic crystals, photonic metamaterials, and flexible photonics, and other optical components, which are supplied by multiple vendors
Market Segmentation
Application
Measurement & Image Processing
Communication
Information Technology
Display
Lighting
Defense & Security
Optical Components & Systems
Photovoltaic
Production Technology
End-use Industry
Medical
Industrial
Defense
Consumer Electronics
Media & Telecommunication
Others
By Region
North America
South America
Europe
Asia Pacific
Middle East & Africa
Market Drivers and Challenges
Drivers
Rising Demand for High-Speed Internet: The increasing need for faster and more reliable internet services is driving the adoption of photonics in telecommunications.
Advancements in Medical Technologies: Photonics plays a crucial role in modern medical devices, enabling advanced imaging techniques and minimally invasive surgeries.
Growth in Manufacturing and Defense: The use of photonics in precision manufacturing and defense applications is on the rise, driven by the need for enhanced accuracy and efficiency.
Challenges
High Initial Costs: The development and integration of photonics technologies can be expensive, posing a barrier for small and medium-sized enterprises.
Complexity of Technology: The sophisticated nature of photonics systems requires highly skilled personnel and specialized equipment, which can limit adoption in certain regions.
Regulatory Hurdles: Stringent regulations in certain industries, particularly healthcare and defense, can slow down the adoption of new photonics technologies.
𝐀𝐜𝐜𝐞𝐬𝐬 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭 𝐟𝐫𝐨𝐦 𝐇𝐞𝐫𝐞: https://www.transparencymarketresearch.com/photonics-market.html
Market Trends
Integration with AI and Machine Learning: The combination of photonics with AI and machine learning is leading to smarter, more efficient systems in telecommunications, healthcare, and manufacturing.
Growth of Silicon Photonics: Silicon photonics is gaining traction due to its potential to revolutionize data centers and telecommunications by enabling faster data transmission at lower costs.
Emergence of Quantum Photonics: Quantum photonics is an emerging field with the potential to transform computing, cryptography, and sensing through the use of quantum mechanics principles.
𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 -
Warehouse Robotics Market (창고 로봇 시장)- https://www.prnewswire.com/news-releases/elevated-deployment-amidst-covid-19-accentuates-warehouse-robotics-market-valuation-of-us-9-579-3-mn-estimated-by-2027-tmr-301130050.html
Flexible Display Market (フレキシブルディスプレイ市場)- https://www.accesswire.com/712809/Flexible-Display-Market-Size-worth-2426-Billion-by-2031-CAGR-331--TMR-Study
𝐀𝐛𝐨𝐮𝐭 𝐔𝐬 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Photonics Market Likely to Reach USD 1.4 billion by 2030, registering a CAGR of 8%: TMR Report here
News-ID: 3618736 • Views: …
More Releases from Transparency Market Research
![Lighting Products Market Revenue to Cross USD 5.2 Billion at 179.81% CAGR by 2031| TMR Report](https://cdn.open-pr.com/L/8/L812600865_g.jpg)
Lighting Products Market Revenue to Cross USD 5.2 Billion at 179.81% CAGR by 203 …
The lighting products market (lighting products market) encompasses a wide range of products including LED lights, incandescent bulbs, fluorescent lights, and smart lighting solutions. The market has seen significant transformation over the past decade, driven by technological advancements, increased energy efficiency standards, and growing consumer demand for smart and sustainable lighting solutions. The shift from traditional lighting systems to energy-efficient LED and smart lighting is a key trend that has…
![Machine Condition Monitoring Market Size & Share to Surpass USD 5 Billion by 2031 | Transparency Market Research Inc.](https://cdn.open-pr.com/L/8/L812418809_g.jpg)
Machine Condition Monitoring Market Size & Share to Surpass USD 5 Billion by 203 …
Machine condition monitoring market involves the use of sensors and data analysis techniques to monitor the health and performance of machinery in real-time. By detecting anomalies and predicting potential failures, condition monitoring helps organizations minimize downtime, reduce maintenance costs, and improve overall productivity.
Machine Condition Monitoring market (기계 상태 모니터링 시장) is projected to reach a valuation of US$ 5 billion by the conclusion of 2031. The report also predicts that…
![Machine Safety Market to Reach Worth of USD 11.5 Billion by 2031, TMR Study](https://cdn.open-pr.com/L/8/L812585468_g.jpg)
Machine Safety Market to Reach Worth of USD 11.5 Billion by 2031, TMR Study
The global machine safety market (Markt für Maschinensicherheit) is undergoing significant growth due to the increasing emphasis on safety in manufacturing industries. Machine safety involves ensuring the proper operation of machinery to prevent accidents and injuries in the workplace. It encompasses various components and systems designed to enhance the safety of machines, such as safety sensors, interlocks, relays, and controllers.
Machine Safety market is projected to reach a valuation of US$…
![Programmable Stage Lighting Market Size worth USD 1.3 Billion in 2031 | Transparency Market research Inc.](https://cdn.open-pr.com/L/8/L809677643_g.jpg)
Programmable Stage Lighting Market Size worth USD 1.3 Billion in 2031 | Transpar …
The programmable stage lighting market is projected to witness robust growth during the forecast period, driven by technological advancements, the proliferation of LED lighting solutions, and the rising trend of immersive visual experiences. With the advent of advanced control systems and software, the market is poised for significant expansion.
Programmable Stage Lighting market (프로그래밍 가능한 무대 조명 시장) is projected to reach a valuation of US$ 1.3 billion by the conclusion…
More Releases for Photonic
Photonic ICs Market Emerging Trends and Company Profiles to Watch-APIC, Infinera …
The Photonic ICs are also known as integrated optoelectronics devices or planer light wave circuits. The rising need for the high transmission capacity of the optical fibers is the primary parameter responsible for the popularity of the photonic ICs in the industry applications. The data generated at the organizational operations is increasing day by day with the globalization of the businesses, with the deployment of photonic ICs in the systems…
Global Photonic Crystal Market 2018 Growth Rate by Players: Palo Alto Research C …
Market Research Store Exposed a new deep Industry research report focuses on Photonic Crystal Market, delivers detailed analysis of market and future prospects of Photonic Crystal market. The critical and significant data in the study makes the research a very important tool for experts, analysts and managers to get ready-to-access analysis by the industry professionals. The Photonic Crystal Market report provides the complete analysis of Photonic Crystal Market Size Data…
Photonic Crystal Market Growth Analysis by Company: Palo Alto Research Center (P …
Bigmarketresearch.com Adds a New Photonic Crystal Market 2013 – 2023 research report providing information and data by manufacturers, type, application, industry analysis, regional outlook, growth potential, price trends, competitive market share & forecast spreading across 130 pages with table and figures in it.
This report focuses on the photonic crystal in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market…
Global Photonic Crystal Market Trend Analysis by 2025: Photonic Lattice, Opalux, …
Qyresearchreports include new market research report Global Photonic Crystal Market Professional Survey Report 2018 to its huge collection of research reports.
This report studies the global Photonic Crystal market status and forecast, categorizes the global Photonic Crystal market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, India, Southeast Asia and other regions (Central & South America,…
Photonic Integrated Circuits (ICs) Market : Lack of Digitization Could Interrupt …
The research study titled “Photonic Integrated Circuit (PIC) Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2022” provides strategic analysis of the global photonic IC market along with the market growth (size in US$ Mn) forecast for the period from 2015 to 2022. The report includes competitive analysis of various market segments based on applications, raw materials, components, and in-depth cross-sectional scrutiny across different geography…
Photonic Crystal Displays Market Research Report 2017
Browse the full table of contents and data tables: https://www.reportsandmarkets.com/reports/global-photonic-crystal-displays-market-research-report-2017-1547553
In this report, the global Photonic Crystal Displays market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.
Request a sample copy: https://www.reportsandmarkets.com/sample-request/global-photonic-crystal-displays-market-research-report-2017-1547553
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market…