2018 Photonics Research Review

Report Highlights

• The global market for vertical-cavity surface-mitting lasers (VCSELs) should grow from $1.6 billion in 2017 to $3.6 billion by 2022 at a compound annual growth rate (CAGR) of 17.6% from 2017 to 2022.
• The global market for ultrafast lasers should grow from $2.7 billion in 2017 to $8.1 billion by 2022 at a CAGR of 24.7% from 2017 to 2022.
• The global. market for fiber optics should grow from $3.2 billion in 2017 to $5.0 billion by 2022 at a CAGR of 9.4% from 2017 to 2022.

The increase in the adoption of photonics is gradually replacing electric conductors, which are used in semiconductors for high speed transmission systems, with silicon photonics. The rise in the optical transceivers devices which are developed using silicon photonics helps in developing transmission speeds of over 100Gbps, which is expected to have a mass adoption and helps in the development of the high-performance computing with increased efficiency. These devices are being predominantly used for image capturing and display capturing. Photonics has also helped in shifting to intelligent lighting solutions such as OLED technologies. 

This photonics research review provides a sampling of the type of quantitative market information, analysis and guidance that has been aiding business decision making since BCC Research was founded in 1971. It includes highlights of reports published in 2018 on the following photonics markets:

• PHO029A The Fiber Optics Market: Glass, Plastic, and Alternatives.
• PHO030A Optical Wireless Communication and LiFi: Global Markets to 2023.
• PHO011C Vertical-cavity Surface-emitting Lasers (VCSELs): Technologies and Global Markets.
• PHO017C Ultrafast Lasers: Technologies and Global Markets.

BCC Research Staff

BCC Research staff is comprised of expert analysts skilled in conducting primary research, secondary research and data analysis. The analysts have decades of combined experience covering a wide range of industries including healthcare, advanced materials and emerging technologies. Collectively, the team represents a diverse set of educational achievements, with individual graduate work completed in fields such as microbiology, electrical engineering, business administration and surgery.