TMCnet News
Photonics (LED and Lasers, Detectors, Sensors & Imaging Devices) Market 2017 - Global Forecast to 2022 - Research and MarketsThe "Photonics Market by Product Type (LED and Lasers, Detectors, Sensors & Imaging Devices), Application (ICT and Production Tech.), End-Use Industry (Media, Broadcasting & Telecommunication and Consumer & Business Automation) - Global Forecast to 2022" report has been added to Research and Markets' offering. The photonics market is projected to grow from USD 530.52 billion in 2017 to USD 795.54 billion by 2022, at a CAGR of 8.4% The increased demand for photonics in applications such as displays, information & communication technology, photovoltaic, medical technology & life sciences, measurement & automated vision, lighting, and production technology is expected to drive the growth of the photonics market across the globe. Improved properties, such as better energy efficiency and longer lifespan, contribute to the increased demand for photonics. Regulations on some chemical substances used in the manufacturing of photonics products act as a restraint for the photonics market growth. Based on application, the production technology segment of the photonics market is projected to grow at the highest CAGR during the forecast period, in tems of value. This expected high growth is attributed to the increasing use of photonics products to improve the process and energy efficiency of production technologies. Based on product type, the LED segment is estimated to lead the photonics market between 2017 and 2022. The growth of this segment is attributed to the increasing use of relatively higher energy-efficient LEDs in the lighting and display applications. The Asia Pacific photonics market is projected to grow at the highest CAGR between 2017 and 2022, due to the growth of the region's end-user industries, such as building & construction; media, broadcasting, & telecommunication; medical; industrial; and security & defense. Urbanization and the continuously growing population are also expected to increase the demand for photonics in this region. Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 5 Market Overview 6 Photonics Market, By Product Type 7 Photonics Market, By Application 8 Photonics Market, By End-Use Industry 9 Photonics Market, By Region 10 Competitive Landscape 11 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/h8wdgh/photonics_led?w=4 View source version on businesswire.com: http://www.businesswire.com/news/home/20171212005870/en/ |
