Photonics
exhibit ubiquitous applications, which encompass diverse areas of
everyday life alongside the most advanced fields of science.
Increasing demand for efficient and highly capable electronics
products, coupled with escalating volume of data transfer, are the
major forces driving the demand for photonics across a multitude of
application sectors. Just as applications of electronics have
expanded incredibly ever since the invention of the first transistor
in 1947, unique applications of photonics are continuing to emerge
with the evolution of new technologies. Some of the major application
segments of the photonics market include telecommunication, light
detection, information processing, metrology, lighting, holography,
spectroscopy, medicine, military technology, medical and healthcare,
consumer electronics, and others.
As
per the findings of a report published by Transparency Market
Research, owing to its diverse applications across industrial
domains, the global photonics market, which stood at US$509.75
billion in 2013, is poised to reach US$765.89 billion by 2020. The
market is therefore expected to develop at a 5.8% CAGR between 2014
and 2020.
Browse
Market Research Report of Photonics Market:
http://www.transparencymarketresearch.com/photonics-market.html
How
are Photonics-based Devices Improving Operations of Key Application
Segments?
Photonics
offers low-cost integration of diverse components at an ultra-large
scale and provides high speed transmission of data, which is
augmenting its demand around the world. According to the latest
research, innovative applications and launch of robust technologies
are driving the market for photonics devices. Rising demand for
photonics in both emerging and established industries also positively
impacts the global photonics market. Let’s take a look at the key
applications of photonics technology and devices across a few
industries:
Photonics
for Telecommunications
Since
the advent of the Internet Age, transferring unfathomably large
volumes of data across large distances in the shortest possible time
has been a vital task in the daily life of human beings. Development
of photonics devices is crucial in developing applications such as
high throughput telecommunication network featuring optical cross
connect, transmission systems exceeding WDM configurations, flexible
office and home-use network systems, and affordable subscriber
systems with high accessibility.
Browse
Market Research Press Release of Photonics Market:
http://www.transparencymarketresearch.com/pressrelease/photonics-market.htm
Photonics
for Medical and Healthcare
The
application of photonics in the medical and healthcare industry is
registering the fastest growth, at a 7.4% CAGR during the 2014-2020
period. The demand for more accurate and early diagnosis is rising
incredibly, impelled by the increasing incidence of chronic ailments.
This has augmented the demand for photonics-based equipment in the
medical and healthcare segment significantly. Furthermore, growing
demand for minimally invasive surgery is also expected to fuel the
demand from the global photonics market.
Photonics
for Display
Display
has emerged as the largest application segment of photonics
technology. The segment was valued at US$128.75 billion in 2013.
Increasing demand for consumer electronics is a major factor fuelling
the demand for photonics technology from the displays segment.
Despite
its diverse and increasing application, the global photonics market
is dominated by a handful of players. Major players in the global
photonics market include Hamamatsu Photonics K.K., Hewlett-Packard
Company, Intel Corporation, Infinera Corp., Finisar Corporation, 3S
Photonics S.A.S., IBM Corp., Luxtera Inc., and Innolume GmbH.
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About
Us
Transparency
Market Research (TMR) is a global market intelligence company,
providing global business information reports and services. Our
exclusive blend of quantitative forecasting and trends analysis
provides forward-looking insight for thousands of decision makers.
TMR’s experienced team of Analysts, Researchers, and Consultants,
use proprietary data sources and various tools and techniques to
gather and analyze information.
Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
Contact
Mr.
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