Photonics Market Projected to Gain 8.4% CAGR During Forecast Period


Posted September 23, 2016 by Rohini

Photonics Market size is estimated to reach USD 724.22 billion by 2021, at a CAGR of 8.4% between 2016 and 2021.

 
High performance and energy saving photonics products such as high speed fiber optics communication networks and highly precise laser systems makes them preferable in various applications.

Complete report on Photonics Market spread across 160 pages, profiling 20 companies and supported with 86 tables and 58 figures is now available at
http://www.rnrmarketresearch.com/photonics-market-by-application-display-photovoltaic-lighting-manufacturing-technology-end-use-industry-building-construction-media-broadcasting-telecommunication-consumer-business-automation-medica-ts-to-2021-market-report.html
The photonics market in the manufacturing technology application segment is projected to witness the highest growth during the forecast period. Photonics products are used in manufacturing units for cutting and welding operations using lasers. Lasers are replacing traditional machine tools in manufacturing applications as low cost fiber laser and industrial pulse lasers are being developed. Photonics are also used in the manufacturing of consumer electronics such as DVD players, television, and optical mouse pointers.
The media, broadcasting, and telecommunication sector is estimated to be the largest end-use industry for photonics. The industry is growing due to rising demand for optical fibers. Optical fibers are preferred over metallic wires due to greater safety and security. Moreover, optical fibers cater to high speed transmission requirements for 4G, LTE, and FTTx networks. Optical fibers have witnessed an increase in demand due to investments in telecommunications and information technology and new developments in countries such as China, the U.S., India, and Western and Eastern European countries. Mobile phones and personal computing are promoting the use of photonics in the media and broadcasting industry by enabling data exchange using optical fibers.

This study has been validated through primary interviews with various industry experts globally. The break-up profile of primary discussion participants is given here Tier 1 (37%); Tier 2 (50%) and Tier 3 (13%) companies were contacted for interviews. The interviews were conducted with various key people such as C Level (50%), Directors Level (31%) and other (19%) from various key organizations. The primary interviews were conducted worldwide covering regions such as North America (31%), Europe (38%), Asia-Pacific (25%) and Row (6%).

The companies profiled in this market research report are Royal Philips N.V.(Netherlands), Schott AG (Germany), Nikon Corporation (Japan), Shin-Etsu Chemical Company Limited (Japan), Hoya Corporation (Japan), Corning Incorporated (U.S.), Asahi Glass Company Limited (Japan), II-VI Inc.(U.S.), Ohara Inc. (Japan), and American Elements (U.S.).
Ask for a discount before order a copy of Photonics Market by Application (Display, Photovoltaic, Lighting, Manufacturing Technology), End-use Industry (Building & Construction, Media, Broadcasting & Telecommunication, Consumer & Business Automation, Medical, Industrial) - Global Forecasts to 2021 at
http://www.rnrmarketresearch.com/contacts/discount?rname=698270
The report offers market estimations and projections till 2021 and offers a complete study of the market dynamics. In addition, the report provides the competitive landscape with major growth strategies adopted by the key players.
On a related note, another research titled with Agricultural Films Market by Type (LLDPE, LDPE, HDPE, EVA, Reclaim), Applications (Greenhouse, Silage and Mulch) and Geography (North America, Asia-Pacific, Europe and RoW) - Global Trends & Forecast to 2020. Now available at http://www.rnrmarketresearch.com/agricultural-films-market-by-applications-greenhouse-silage-mulch-polymers-low-density-polyethylene-linear-low-density-polyethylene-high-density-polyethylene-evaeba-reclaim-global-trends-market-report.html
About Us:
RnRMarketResearch.com is your single source for all market research needs. Our database includes 500,000+ market research reports from over 100+ leading global publishers & in-depth market research studies of over 5000 micro markets. With comprehensive information about the publishers and the industries for which they publish market research reports, we help you in your purchase decision by mapping your information needs with our huge collection of reports.
Contact:
Ritesh Tiwari
2nd Floor, Metropole,
Next to Inox Theatre,
Bund Garden Road,
Pune – 411001,
Maharashtra, India.

Connect with Us:
 Google Plus: https://plus.google.com/104156468549256253075/posts
 Twitter: https://twitter.com/RnRMR
 Facebook:https://www.facebook.com/pages/RnR-Market-Research/413488545356345
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By Rohini
Country India
Categories Technology
Tags photonics market
Last Updated September 23, 2016