US Photonics Market by End-user, Product, and Application - Forecast and Analysis 2024-2028

Published: Mar 2024 Pages: 161 SKU: IRTNTR77774

US Photonics Market Forecast 2024-2028 

The US photonics market size is projected to increase by USD 51.37 million at a CAGR of 5.99% between 2023 and 2028. Market growth is influenced by factors such as emerging silicon-based photonics applications, increasing emphasis on eco-friendly solutions, and the rapid expansion of cloud computing in photonics technology. These elements drive innovation and market demand, reflecting the dynamic landscape of photonics. With advancements in silicon-based applications and the shift towards eco-friendly solutions, coupled with the expansion of cloud computing, the market anticipates significant growth opportunities.

Moreover, the market growth and forecasting report includes key player's detailed analyses of the competitive landscape of the market and information about 20 market companies, including, Hamamatsu Photonics KK, II VI Inc., Infinera Corp., Intel Corp., IPG Photonics Corp., Lumentum Holdings Inc., Molex LLC, NEC Corp., Photonic Systems Inc., Polatis Inc., Thorlabs Inc., TRUMPF SE Co. KG, and Vescent Photonics LLC. Additionally, American Elements company offers photonics, such as microwave photonics chips under the brand name American Elements, for high-speed signal processing.

What will be the Size of the Market During the Forecast Period?

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Market Dynamics 

The market is witnessing significant growth propelled by advancements in technology and stringent environmental regulations. Innovations like 3D printing and green photonics are revolutionizing industries, particularly in medical technology & life sciences and aerospace and defense sectors. The Photonics materials & component industry is booming with the development of photodetectors and LED segments, while fiber optic cables are enhancing connectivity. Cutting-edge solutions such as deep learning and ASIC hardware accelerators are driving progress in measurement & automated vision and light modulation systems. Amidst rising demand, silicon photonics devices and amplifier systems are poised to play pivotal roles in shaping the future of photonics. Our researchers analyzed the market research and growth data with 2023  as the base year, along with the key market growth analysis, trends, and challenges. A holistic analysis of drivers, trends, and challenges will help companies refine their marketing strategies to gain a competitive advantage. 

Key Market Driver

Emerging silicon-based photonics applications is the key factor driving the market. Emerging silicon-based photonics applications are driving innovation and shaping the market. Continued R&D activities in silicon photonics, leveraging silicon's properties to manipulate light, offer numerous advantages such as high-speed data transmission, energy-efficient products, and photonics-enabled products with existing semiconductor manufacturing market. In the data communication sector, silicon photonics enables the development of high-speed, low-power optical interconnects for data centers and telecommunications networks. Its integration with traditional semiconductor technologies facilitates the creation of compact, cost-effective solutions for handling the ever-increasing volumes of data.

Furthermore, silicon photonics is revolutionizing sensing technologies, particularly in the healthcare and environmental monitoring sectors. Its ability to integrate multiple optical functions on a single chip enhances the sensitivity and performance of sensing devices while reducing their size and complexity. Additionally, silicon photonics finds applications in emerging fields such as quantum computing, where it promises to enable scalable and efficient quantum communication in the healthcare sector, information and communication sector, and industrial manufacturing sectors. Thus, technological advancements further boost the growth of the market during the forecast period.

Significant Market Trends

The rise in developments in US on photonics is the primary trend shaping the market. Factor such as the advancements in technology, increased investment, and growing demand across various industries are driving the market. For instance, in February 2023, Hamamatsu Photonics developed the P16671-01AS optical transceiver, capable of achieving fiber-optic communications at a data transmission speed of 1.25 Gbps (gigabits per second). This achievement stemmed from the companys unique design technology, honed over years of experience in opto-semiconductor manufacturing.

Similarly, in July 2023, ams OSRAM launched EVIYOS 2.0, an intelligent multipixel light-emitting diode (LED) tailored for the automotive sector. This cutting-edge technology enables fully adaptive, dynamic headlight operation and image projection. Notably, EVIYOS 2.0 can selectively illuminate the road ahead to optimize the drivers view in high-beam mode, all while minimizing the glare experienced by other road users. Thus, as photonics continues to evolve and diversify, its impact on various industries and society as a whole is expected to grow, driving further innovation and economic growth to further boost the growth of the market during the forecast period.

Major Market Restrain

The high cost of photonics-enabled devices is a major challenge that affects market expansion. Photonics devices encompass a wide array of technologies, including lasers, optical fibers, detectors, and sensors, which find applications across numerous industries, such as telecommunications, healthcare, manufacturing, and defense. One major contributor to the high cost of photonics-enabled devices is the complexity and precision required in their manufacturing processes. Further, the R&D investments required to innovate and improve photonics technologies contribute to the overall cost of these devices.

Moreover, developing new materials, enhancing performance characteristics, and integrating advanced features demand substantial financial resources, which are ultimately reflected in product pricing. Besides, the high initial investment required to acquire photonics-enabled devices also acts as a barrier to adoption for many consumers and businesses, particularly smaller enterprises or those operating on tight budgets. Thus. such factors are expected to impede market growth during the forecast period.

Market Segmentation By End-user

The market share by the consumer electronics segment will be significant during the forecast period. In the market, consumer electronics stand as a significant segment, benefitting from a variety of photonics-enabled devices. Photonics technology greatly enhances the performance and functionality of consumer electronics, particularly in displays. From smartphones to AR devices, photonics-based display technologies like OLEDs and LCDs provide vibrant colors and high resolution, driving demand for premium visual output.

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The consumer electronics segment showed a gradual increase in the market share of USD 36.54 million in 2018.  Additionally, photonics advancements improve imaging and sensing capabilities in devices like digital cameras and facial recognition systems. Emerging applications such as VR and AR devices also leverage photonics components for immersive experiences. As consumer demand for feature-rich electronics grows, US manufacturers are poised to innovate, driving further growth in the market and consumer electronics segment during the forecast period.

Market Segmentation By Product 

The WDM filters?segment will account for the largest share of this segment.?Wavelength division multiplexing (WDM) filters are vital in the market, allowing multiple optical signals to transmit simultaneously over a single fiber. DWDM filters, with high channel density, suit long-haul telecom and data center interconnects. Meanwhile, CWDM filters, with wider channel spacing, are cost-effective for shorter-distance applications like metropolitan area networks. Increasing data traffic from cloud computing and video streaming, coupled with the rise of 5G networks, drives demand for WDM filters. US manufacturers innovate to meet growing bandwidth needs, fostering market growth.

Market Customer Landscape

The market forecasting report includes the adoption lifecycle of the market research and growth, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and trends strategies.

Market Customer Landscape

Market Companies

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

  • ams OSRAM AG: The company offers photonics that are used for applications like LiDAR, Laser Illumination, and Material Processing.

Market analysis and report of qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The market research report forecasts market growth by revenue and provides an analysis of the latest trends and growth opportunities from 2018-2028

  • End-user Outlook
    • Consumer electronics
    • Building and construction
    • Safety and defense technology
    • Medical and healthcare
    • Others
  • Product Outlook
    • WDM filters
    • Optical modulators
    • Optical interconnects
    • Photo detectors
    • Others
  • Application Outlook
    • Information and communication technology
    • Displays
    • Photovoltaic
    • Biophotonics
    • Others

Market Analyst Overview:

The global photonics market offers long-term benefits across various industries, from chemicals to medical technology & life sciences. With stringent regulations like REACH (registration, evaluation, authorization, and restriction of chemicals), and RoHS (restriction of hazardous substances), manufacturers navigate chemicals such as arsenic oxide and boron oxide to ensure compliance. Photonics technologies facilitate huge volumes of data processing, vital for intense competition in sectors like retail and aerospace and defence. From lighting and display applications to optical solutions in telecommunications, photonics plays a pivotal role. Consumer end-user industries benefit from photonics advancements, seen in everyday devices like barcode scanners, DVD players, and smartphone camera lens.

Additionally, the market is at the forefront of medical technology & life sciences (biophotonics), driving advancements in production technology and data generation. With a focus on data transformation and storage, photonics technologies facilitate efficient data conversion and enhance data usage across various sectors. In the United States, the market is thriving, particularly in optical broadband and its application in telecommunication companies. Consumer electronics, including TV remote controls, televisions, and mobile phones, benefit from photonics innovations supported by organizations like the Association of Computing Machinery and the consumer technology association (CTA), in tandem with the widespread adoption of the Internet.

Market Scope

Report Coverage

Details

Page number

161

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 5.99%

Market Growth 2024-2028

USD 51.37 million

Market structure

Fragmented

YoY growth 2023-2024(%)

5.43

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

American Elements, ams OSRAM AG, Hamamatsu Photonics KK, II VI Inc., Infinera Corp., Intel Corp., IPG Photonics Corp., Lumentum Holdings Inc., Molex LLC, NEC Corp., Photonic Systems Inc., Polatis Inc., Thorlabs Inc., TRUMPF SE Co. KG, and Vescent Photonics LLC

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. 

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market report forecast during the forecast period
  • Detailed information on factors that will drive the growth of the market  between 2024 and 2028
  • Precise estimation of the market size and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across US
  • Thorough market analysis and report of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of Industry companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Country Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 07: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 08: Parent market
    • Exhibit 09: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 10: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 11: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 12: Chart on US - Market size and forecast 2023-2028 ($ million)
      • Exhibit 13: Data Table on US - Market size and forecast 2023-2028 ($ million)
      • Exhibit 14: Chart on US: Year-over-year growth 2023-2028 (%)
      • Exhibit 15: Data Table on US: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Photonics market in US 2018 - 2022
      • Exhibit 16: Historic Market Size – Data Table on photonics market in US 2018 - 2022 ($ million)
    • 4.2 End-user Segment Analysis 2018 - 2022
      • Exhibit 17: Historic Market Size – End-user Segment 2018 - 2022 ($ million)
    • 4.3 Product Segment Analysis 2018 - 2022
      • Exhibit 18: Historic Market Size – Product Segment 2018 - 2022 ($ million)
    • 4.4 Application Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Application Segment 2018 - 2022 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 20: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 21: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 22: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 23: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 24: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 25: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 26: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by End-user

    • 6.1 Market segments
      • Exhibit 27: Chart on End-user - Market share 2023-2028 (%)
      • Exhibit 28: Data Table on End-user - Market share 2023-2028 (%)
    • 6.2 Comparison by End-user
      • Exhibit 29: Chart on Comparison by End-user
      • Exhibit 30: Data Table on Comparison by End-user
    • 6.3 Consumer electronics - Market size and forecast 2023-2028
      • Exhibit 31: Chart on Consumer electronics - Market size and forecast 2023-2028 ($ million)
      • Exhibit 32: Data Table on Consumer electronics - Market size and forecast 2023-2028 ($ million)
      • Exhibit 33: Chart on Consumer electronics - Year-over-year growth 2023-2028 (%)
      • Exhibit 34: Data Table on Consumer electronics - Year-over-year growth 2023-2028 (%)
    • 6.4 Building and construction - Market size and forecast 2023-2028
      • Exhibit 35: Chart on Building and construction - Market size and forecast 2023-2028 ($ million)
      • Exhibit 36: Data Table on Building and construction - Market size and forecast 2023-2028 ($ million)
      • Exhibit 37: Chart on Building and construction - Year-over-year growth 2023-2028 (%)
      • Exhibit 38: Data Table on Building and construction - Year-over-year growth 2023-2028 (%)
    • 6.5 Safety and defense technology - Market size and forecast 2023-2028
      • Exhibit 39: Chart on Safety and defense technology - Market size and forecast 2023-2028 ($ million)
      • Exhibit 40: Data Table on Safety and defense technology - Market size and forecast 2023-2028 ($ million)
      • Exhibit 41: Chart on Safety and defense technology - Year-over-year growth 2023-2028 (%)
      • Exhibit 42: Data Table on Safety and defense technology - Year-over-year growth 2023-2028 (%)
    • 6.6 Medical and healthcare - Market size and forecast 2023-2028
      • Exhibit 43: Chart on Medical and healthcare - Market size and forecast 2023-2028 ($ million)
      • Exhibit 44: Data Table on Medical and healthcare - Market size and forecast 2023-2028 ($ million)
      • Exhibit 45: Chart on Medical and healthcare - Year-over-year growth 2023-2028 (%)
      • Exhibit 46: Data Table on Medical and healthcare - Year-over-year growth 2023-2028 (%)
    • 6.7 Others - Market size and forecast 2023-2028
      • Exhibit 47: Chart on Others - Market size and forecast 2023-2028 ($ million)
      • Exhibit 48: Data Table on Others - Market size and forecast 2023-2028 ($ million)
      • Exhibit 49: Chart on Others - Year-over-year growth 2023-2028 (%)
      • Exhibit 50: Data Table on Others - Year-over-year growth 2023-2028 (%)
    • 6.8 Market opportunity by End-user
      • Exhibit 51: Market opportunity by End-user ($ million)
      • Exhibit 52: Data Table on Market opportunity by End-user ($ million)

    7 Market Segmentation by Product

    • 7.1 Market segments
      • Exhibit 53: Chart on Product - Market share 2023-2028 (%)
      • Exhibit 54: Data Table on Product - Market share 2023-2028 (%)
    • 7.2 Comparison by Product
      • Exhibit 55: Chart on Comparison by Product
      • Exhibit 56: Data Table on Comparison by Product
    • 7.3 WDM filters - Market size and forecast 2023-2028
      • Exhibit 57: Chart on WDM filters - Market size and forecast 2023-2028 ($ million)
      • Exhibit 58: Data Table on WDM filters - Market size and forecast 2023-2028 ($ million)
      • Exhibit 59: Chart on WDM filters - Year-over-year growth 2023-2028 (%)
      • Exhibit 60: Data Table on WDM filters - Year-over-year growth 2023-2028 (%)
    • 7.4 Optical modulators - Market size and forecast 2023-2028
      • Exhibit 61: Chart on Optical modulators - Market size and forecast 2023-2028 ($ million)
      • Exhibit 62: Data Table on Optical modulators - Market size and forecast 2023-2028 ($ million)
      • Exhibit 63: Chart on Optical modulators - Year-over-year growth 2023-2028 (%)
      • Exhibit 64: Data Table on Optical modulators - Year-over-year growth 2023-2028 (%)
    • 7.5 Optical interconnects - Market size and forecast 2023-2028
      • Exhibit 65: Chart on Optical interconnects - Market size and forecast 2023-2028 ($ million)
      • Exhibit 66: Data Table on Optical interconnects - Market size and forecast 2023-2028 ($ million)
      • Exhibit 67: Chart on Optical interconnects - Year-over-year growth 2023-2028 (%)
      • Exhibit 68: Data Table on Optical interconnects - Year-over-year growth 2023-2028 (%)
    • 7.6 Photo detectors - Market size and forecast 2023-2028
      • Exhibit 69: Chart on Photo detectors - Market size and forecast 2023-2028 ($ million)
      • Exhibit 70: Data Table on Photo detectors - Market size and forecast 2023-2028 ($ million)
      • Exhibit 71: Chart on Photo detectors - Year-over-year growth 2023-2028 (%)
      • Exhibit 72: Data Table on Photo detectors - Year-over-year growth 2023-2028 (%)
    • 7.7 Others - Market size and forecast 2023-2028
      • Exhibit 73: Chart on Others - Market size and forecast 2023-2028 ($ million)
      • Exhibit 74: Data Table on Others - Market size and forecast 2023-2028 ($ million)
      • Exhibit 75: Chart on Others - Year-over-year growth 2023-2028 (%)
      • Exhibit 76: Data Table on Others - Year-over-year growth 2023-2028 (%)
    • 7.8 Market opportunity by Product
      • Exhibit 77: Market opportunity by Product ($ million)
      • Exhibit 78: Data Table on Market opportunity by Product ($ million)

    8 Market Segmentation by Application

    • 8.1 Market segments
      • Exhibit 79: Chart on Application - Market share 2023-2028 (%)
      • Exhibit 80: Data Table on Application - Market share 2023-2028 (%)
    • 8.2 Comparison by Application
      • Exhibit 81: Chart on Comparison by Application
      • Exhibit 82: Data Table on Comparison by Application
    • 8.3 Information and communication technology - Market size and forecast 2023-2028
      • Exhibit 83: Chart on Information and communication technology - Market size and forecast 2023-2028 ($ million)
      • Exhibit 84: Data Table on Information and communication technology - Market size and forecast 2023-2028 ($ million)
      • Exhibit 85: Chart on Information and communication technology - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on Information and communication technology - Year-over-year growth 2023-2028 (%)
    • 8.4 Displays - Market size and forecast 2023-2028
      • Exhibit 87: Chart on Displays - Market size and forecast 2023-2028 ($ million)
      • Exhibit 88: Data Table on Displays - Market size and forecast 2023-2028 ($ million)
      • Exhibit 89: Chart on Displays - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on Displays - Year-over-year growth 2023-2028 (%)
    • 8.5 Photovoltaic - Market size and forecast 2023-2028
      • Exhibit 91: Chart on Photovoltaic - Market size and forecast 2023-2028 ($ million)
      • Exhibit 92: Data Table on Photovoltaic - Market size and forecast 2023-2028 ($ million)
      • Exhibit 93: Chart on Photovoltaic - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on Photovoltaic - Year-over-year growth 2023-2028 (%)
    • 8.6 Biophotonics - Market size and forecast 2023-2028
      • Exhibit 95: Chart on Biophotonics - Market size and forecast 2023-2028 ($ million)
      • Exhibit 96: Data Table on Biophotonics - Market size and forecast 2023-2028 ($ million)
      • Exhibit 97: Chart on Biophotonics - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on Biophotonics - Year-over-year growth 2023-2028 (%)
    • 8.7 Others - Market size and forecast 2023-2028
      • Exhibit 99: Chart on Others - Market size and forecast 2023-2028 ($ million)
      • Exhibit 100: Data Table on Others - Market size and forecast 2023-2028 ($ million)
      • Exhibit 101: Chart on Others - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on Others - Year-over-year growth 2023-2028 (%)
    • 8.8 Market opportunity by Application
      • Exhibit 103: Market opportunity by Application ($ million)
      • Exhibit 104: Data Table on Market opportunity by Application ($ million)

    9 Customer Landscape

    • 9.1 Customer landscape overview
      • Exhibit 105: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 106: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 107: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 108: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 109: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 110: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 111: Matrix on vendor position and classification
            • 12.3 American Elements
              • Exhibit 112: American Elements - Overview
              • Exhibit 113: American Elements - Product / Service
              • Exhibit 114: American Elements - Key offerings
            • 12.4 ams OSRAM AG
              • Exhibit 115: ams OSRAM AG - Overview
              • Exhibit 116: ams OSRAM AG - Business segments
              • Exhibit 117: ams OSRAM AG - Key offerings
              • Exhibit 118: ams OSRAM AG - Segment focus
            • 12.5 Hamamatsu Photonics KK
              • Exhibit 119: Hamamatsu Photonics KK - Overview
              • Exhibit 120: Hamamatsu Photonics KK - Business segments
              • Exhibit 121: Hamamatsu Photonics KK - Key news
              • Exhibit 122: Hamamatsu Photonics KK - Key offerings
              • Exhibit 123: Hamamatsu Photonics KK - Segment focus
            • 12.6 II VI Inc.
              • Exhibit 124: II VI Inc. - Overview
              • Exhibit 125: II VI Inc. - Business segments
              • Exhibit 126: II VI Inc. - Key news
              • Exhibit 127: II VI Inc. - Key offerings
              • Exhibit 128: II VI Inc. - Segment focus
            • 12.7 Infinera Corp.
              • Exhibit 129: Infinera Corp. - Overview
              • Exhibit 130: Infinera Corp. - Product / Service
              • Exhibit 131: Infinera Corp. - Key offerings
            • 12.8 Intel Corp.
              • Exhibit 132: Intel Corp. - Overview
              • Exhibit 133: Intel Corp. - Business segments
              • Exhibit 134: Intel Corp. - Key news
              • Exhibit 135: Intel Corp. - Key offerings
              • Exhibit 136: Intel Corp. - Segment focus
            • 12.9 IPG Photonics Corp.
              • Exhibit 137: IPG Photonics Corp. - Overview
              • Exhibit 138: IPG Photonics Corp. - Product / Service
              • Exhibit 139: IPG Photonics Corp. - Key offerings
            • 12.10 Lumentum Holdings Inc.
              • Exhibit 140: Lumentum Holdings Inc. - Overview
              • Exhibit 141: Lumentum Holdings Inc. - Business segments
              • Exhibit 142: Lumentum Holdings Inc. - Key offerings
              • Exhibit 143: Lumentum Holdings Inc. - Segment focus
            • 12.11 Molex LLC
              • Exhibit 144: Molex LLC - Overview
              • Exhibit 145: Molex LLC - Product / Service
              • Exhibit 146: Molex LLC - Key offerings
            • 12.12 NEC Corp.
              • Exhibit 147: NEC Corp. - Overview
              • Exhibit 148: NEC Corp. - Business segments
              • Exhibit 149: NEC Corp. - Key news
              • Exhibit 150: NEC Corp. - Key offerings
              • Exhibit 151: NEC Corp. - Segment focus
            • 12.13 Photonic Systems Inc.
              • Exhibit 152: Photonic Systems Inc. - Overview
              • Exhibit 153: Photonic Systems Inc. - Product / Service
              • Exhibit 154: Photonic Systems Inc. - Key offerings
            • 12.14 Polatis Inc.
              • Exhibit 155: Polatis Inc. - Overview
              • Exhibit 156: Polatis Inc. - Product / Service
              • Exhibit 157: Polatis Inc. - Key offerings
            • 12.15 Thorlabs Inc.
              • Exhibit 158: Thorlabs Inc. - Overview
              • Exhibit 159: Thorlabs Inc. - Product / Service
              • Exhibit 160: Thorlabs Inc. - Key offerings
            • 12.16 TRUMPF SE Co. KG
              • Exhibit 161: TRUMPF SE Co. KG - Overview
              • Exhibit 162: TRUMPF SE Co. KG - Product / Service
              • Exhibit 163: TRUMPF SE Co. KG - Key offerings
            • 12.17 Vescent Photonics LLC
              • Exhibit 164: Vescent Photonics LLC - Overview
              • Exhibit 165: Vescent Photonics LLC - Product / Service
              • Exhibit 166: Vescent Photonics LLC - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 167: Inclusions checklist
                • Exhibit 168: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 169: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 170: Research methodology
                • Exhibit 171: Validation techniques employed for market sizing
                • Exhibit 172: Information sources
              • 13.5 List of abbreviations
                • Exhibit 173: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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