— Latest update: June 2024 —

Like electronics, photonics products are used in many different applications and a wide range of sectors. According to the experts in the sector, the development of devices based on photonic science are going to change our societies and our way of living. There are many applications related to photonics. Despite the decline in 2020 due to COVID-19, the global photonics market has demonstrated remarkable resilience, maintaining stable growth over the past three years. In 2022, the global photonics market was valued at €865 billion. This figure is projected to increase to $1,200 billion by 2027.

In 2022, Japan and Europe's market shares were estimated at 15% and 11%, respectively. Regarding product types, Europe, in 2022, excelled particularly in optical components and photonics for industry and healthcare. In contrast, Japan demonstrated significant strength in displays, photovoltaic (PV) systems, and LED production.

Photonics, Market Research Study Photonics 2019-2022, 2024

Table of Contents

• Overview
• Optical Communication
• Laser/Optical Processing
  • 3D Printers
• Photovoltaic Systems
• Expert reports & webinars
• Further readings
• Relevant Organisations and Trade Fairs