KEY FINDINGS
The North America photonics market is evaluated to grow with a CAGR of 6.99% during the forecasted years of 2021 to 2028. The advanced industrial infrastructure, the presence of hyper-scale data centers and well-established players, and surging investments for dedicated research and development institutions, are among the key factors accredited to the market growth of the region.
MARKET INSIGHTS
The North America photonics market growth assessment includes the detailed analysis of Canada and the United States. The demand for photonics in Canada is anticipated to augment, aligning with the declining prices of silicon photonics technology-based products. Hence, in order to cater to the rising demand for photonics-based devices, several photonics technology-based firms such as AEPONYX, One Silicon Chip Photonics, Ravonux Inc, and others are already establishing their bases in the country. This aspect has enabled Canada to regain the stronghold over its diminishing production sector.
The majority of the enterprises in Canada continue to adopt photonics to further propel innovation, thereby delivering new opportunities across the country's manufacturing industry. However, the lackluster packaging as well as prototyping facilities in Canada inhibit the growth of the country's market. Nevertheless, institutions like the National Research Council of Canada have considerably contributed towards the development of the industry, with the formation of the Canadian Photonics Fabrication Center. It primarily concentrates on expanding leading-edge photonic devices to increase photonic integrated circuits' technological readiness level. Therefore, such factors are likely to fuel the market growth in Canada over the estimated period.
COMPETITIVE INSIGHTS
Some of the leading companies operating in the market are IPG Photonics Corp, Molex LLC, International Business Machines Corporation (IBM), etc.
Our report offerings include:
- Explore key findings of the overall market
- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
- Market Segmentation cater to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
North America Photonics Market Forecast 2021-2028
Table Of Contents
1. Research Scope & Methodology
1.1. Study Objectives
1.2. Scope Of Study
1.3. Methodology
1.4. Assumptions & Limitations
2. Executive Summary
2.1. Market Size & Estimates
2.2. Market Overview
3. Market Dynamics
3.1. Key Drivers
3.1.1. Widening Applications Of Silicon-Based Photonics
3.1.2. Demand For High Performance And Eco- Friendly Solutions
3.2. Key Restraints
3.2.1. Regulations Governing Raw Material Availability
3.2.2. High Cost Of Photonics
4. Key Analytics
4.1. Impact Of Covid-19 On Photonics Market
4.2. Key Market Trends
4.3. Porter's Five Forces Analysis
4.3.1. Buyers Power
4.3.2. Suppliers Power
4.3.3. Substitution
4.3.4. New Entrants
4.3.5. Industry Rivalry
4.4. Opportunity Matrix
4.5. Vendor Landscape
4.6. Value Chain Analysis
5. Market By Product Type
5.1. Waveguides
5.2. Optical Modulators
5.3. Optical Interconnects
5.4. Led
5.5. Wavelength Division Multiplexer (Wdm) Filters
5.6. Photodetectors
5.7. Lasers
5.8. Amplifiers
5.9. Other Product Types
6. Market By Application
6.1. Security, Surveying & Detection
6.2. Production Technology
6.3. Data Communication
6.4. Image Capture And Display
6.5. Medical Technology
6.6. Lighting
6.7. Photovoltaic
6.8. Other Applications (Traffic, Research)
7. Geographical Analysis
7.1. North America
7.1.1. Key Growth Enablers
7.1.2. Key Challenges
7.1.3. Key Players
7.1.4. Country Analysis
7.1.4.1. United States
7.1.4.2. Canada
8. Competitive Landscape
8.1. Key Strategic Developments
8.1.1. Mergers & Acquisitions
8.1.2. Product Launches & Developments
8.1.3. Partnerships & Agreements
8.1.4. Business Expansions & Divestitures
8.2. Company Profiles
8.2.1. 3s Photonics
8.2.2. Carl Zeiss Ag
8.2.3. Finisar Corporation (Ii-Vi Incorporated)
8.2.4. Hamamatsu Photonics Kk
8.2.5. Huber+Suhner Polatis Photonics Inc
8.2.6. Infinera Corporation
8.2.7. Innolume Gmbh
8.2.8. Intel Corporation
8.2.9. International Business Machines Corporation (Ibm)
8.2.10. Ipg Photonics Corporation
8.2.11. Koninklijke Philips Nv
8.2.12. Molex Llc
8.2.13. Nec Corporation
8.2.14. Osram Licht Ag
8.2.15. Schott Ag
List Of Tables
Table 1: Market Snapshot - Photonics
Table 2: Promising Funding In Silicon Photonics
Table 3: North America Photonics Market, By Product Type, Historical Years, 2016-2020 (In $ Billion)
Table 4: North America Photonics Market, By Product Type, Forecast Years, 2021-2028 (In $ Billion)
Table 5: North America Photonics Market, By Application, Historical Years, 2016-2020 (In $ Billion)
Table 6: North America Photonics Market, By Application, Forecast Years, 2021-2028 (In $ Billion)
Table 7: North America Photonics Market, By Country, Historical Years, 2016-2020 (In $ Billion)
Table 8: North America Photonics Market, By Country, Forecast Years, 2021-2028 (In $ Billion)
Table 9: Leading Players Operating In North America Photonics Market
Table 10: List Of Mergers & Acquisitions
Table 11: List Of Product Launches & Developments
Table 12: List Of Partnerships & Agreements
Table 13: List Of Business Expansions & Divestitures
List Of Figures
Figure 1: Key Market Trends
Figure 2: Porter's Five Forces Analysis
Figure 3: Opportunity Matrix
Figure 4: Vendor Landscape
Figure 5: Value Chain Analysis
Figure 6: North America Photonics Market, Growth Potential, By Product Type, In 2020
Figure 7: North America Photonics Market, By Waveguides, 2021-2028 (In $ Billion)
Figure 8: North America Photonics Market, By Optical Modulators, 2021-2028 (In $ Billion)
Figure 9: North America Photonics Market, By Optical Interconnects, 2021-2028 (In $ Billion)
Figure 10: North America Photonics Market, By Led, 2021-2028 (In $ Billion)
Figure 11: North America Photonics Market, By Wavelength Division Multiplexer (Wdm) Filters, 2021-2028 (In $ Billion)
Figure 12: North America Photonics Market, By Photodetectors, 2021-2028 (In $ Billion)
Figure 13: North America Photonics Market, By Lasers, 2021-2028 (In $ Billion)
Figure 14: North America Photonics Market, By Amplifiers, 2021-2028 (In $ Billion)
Figure 15: North America Photonics Market, By Other Product Types, 2021-2028 (In $ Billion)
Figure 16: North America Photonics Market, Growth Potential, By Application, In 2020
Figure 17: North America Photonics Market, By Security, Surveying & Detection, 2021-2028 (In $ Billion)
Figure 18: North America Photonics Market, By Production Technology, 2021-2028 (In $ Billion)
Figure 19: North America Photonics Market, By Data Communication, 2021-2028 (In $ Billion)
Figure 20: North America Photonics Market, By Image Capture And Display, 2021-2028 (In $ Billion)
Figure 21: North America Photonics Market, By Medical Technology, 2021-2028 (In $ Billion)
Figure 22: North America Photonics Market, By Lighting, 2021-2028 (In $ Billion)
Figure 23: North America Photonics Market, By Photovoltaic, 2021-2028 (In $ Billion)
Figure 24: North America Photonics Market, By Other Applications (Traffic, Research), 2021-2028 (In $ Billion)
Figure 25: North America Photonics Market, Regional Outlook, 2020 & 2028 (In %)
Figure 26: United States Photonics Market, 2021-2028 (In $ Billion)
Figure 27: Canada Photonics Market, 2021-2028 (In $ Billion)
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