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The global photonics market is driven by the increasing demand for energy-efficient products and the growing use of photonic products in several applications. The Asia Pacific region is the largest regional photonics market. Within the region, China is the largest photonics market, followed by Japan, South Korea, and India. The Asia Pacific region is driven by the consumer electronics, BFSI, retail, transportation, healthcare, and sports and entertainment industries; as a result, providing lucrative opportunities for the key players of the photonics market. The rising construction activities are supporting the market for photonics significantly.
Schott AG and Corning Incorporated (NYSE: GLW) are the major companies in the global photonics industry. In February 2021, Schott, the pioneer of optical glass, announced at the Photonics West 2021 that it has entered into a strategic partnership with WaveOptics, a leading manufacturer and designer of diffractive waveguides for Augmented Reality devices, where WaveOptics will exclusively use Schott’s RealView, one of the most advanced high index glass, for its next-generation technology.
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Schott AG, Hamamatsu Photonics K.K., Nikon Corporation, Hoya Corporation, Corning Incorporated, OHARA, and Intel Corp., among others, are the key players in the global photonics market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.
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