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Dublin, June 09, 2015 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/ssgl4h/photonics_market) has announced the addition of the "Photonics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020" report to their offering.
Wavelength division multiplexer filter is one of the major product segments of photonics market. The wavelength division multiplexer filters segment was valued at USD 116.23 billion in 2013. Increasing demand for high speed communication is one of the major factors fueling the demand for wavelength division multiplexer filters. However, amplifier is one of the fastest growing product segments for photonics, growing at a CAGR of 8.9% from 2014 to 2020.
The application of photonics in the field of medical and healthcare is the fastest growing segment, growing at a CAGR of 7.4% from 2014 to 2020. Increasing demand for accurate and early diagnosis is one of the major factors fueling the demand for photonics based instruments in the medical and healthcare segment. In addition, the demand for minimally invasive surgeries is also expected to boost the demand for photonics based instruments in medical and healthcare segment globally. However, display is the largest application segment for photonics based instruments valued at USD 128.75 billion in 2013. The exponential growth for the demand of consumer electronics is one of the major factors fueling the demand for displays globally.
The photonics market is dominated by few major players. Large capital requirement and rapidly changing technology are some of the major factors inhibiting new entrants from entering the photonics market. Intel Corporation, Hewlett-Packard Company, Hamamatsu Photonics K.K., Finisar Corporation, IBM Corp., Luxtera Inc., Infinera Corp., 3S Photonics S.A.S. and Innolume GmbH among others are the major players operating in the photonics market.
The report provides a cross-sectional analysis of all the below mentioned segments with respect to the above mentioned regions.
Photonics Market: By product
Photonics Market: By application
For more information visit http://www.researchandmarkets.com/research/ssgl4h/photonics_market
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