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Pulished Date April, 2021
ID: 10365
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Europe Photonics Market Segmentation By Product (LED & Laser, Detectors, Sensors & Imaging Devices), By Application (ICT & Production Techniques), By End User (Media Broadcasting & Telecom, & Consumer & Business Automation), and Region: Forecast to 2026

Pulished: April, 2021
ID: 10365
Pages: 110

Europe Photonics Market is expected to grow at a CAGR of 7% in the foreseen period to be valued at more than 500 billion dollars globally. The photonics market in the European region is very dynamic with around 100 acquisitions every year.

Europe Photonics Market Recent Developments 

European photonics industry consortium (EPIC) which is the leading association in Europe of photonics companies, announced that the photonics market is doing very well, and can expect significant growth.

Drivers and Restraints of Europe Photonics Market

The photonics market in Europe is very dynamic and mergers and acquisitions take place very often. This creates a very good ecosystem for the photonics industry.  In addition to this, the LED market due to its high efficiency and energy-saving characteristics is in high demand proving a robust product to meet the demand. This is one of the driving factors for the photonics business. Europe is also a big hub for energy production, a lot of investment has gone into producing energy from renewable sources. Wind power projects are very popular. and the use of photovoltaic cells is widespread, which is very dominating when it comes to the demand for photonics products.

Factors holding back the market are:
The high cost of technology can prove to be a hindering factor in the international marketplace. The US/China tariff issues which though not directly impact Europe but will inevitably have a consequence on the supply chain. This disruption can lead to the slowing down of the European market. 

The photonics market has been segmented into the following categories:

On the basis of the product:

  1. LED and Laser
  2. Detectors
  3. Sensors
  4. Imaging Devices

On the basis of application:

  1. ICT
  2. Production Techniques

On the basis of end-user:

  1. Media Broadcasting and Telecom
  2. Consumer & Business Automation

Europe has focused highly on laser-based manufacturing, and many companies are developing a new generation of laser products that are very affordable and making a huge impact in the manufacturing sector. The reliability of these laser products is also very high.

Micro-optics are increasing the demand for indoor customized high-end lightings. The adoption of smart lightings in the European region is also growing very fast, many companies are coming up with smart lighting products that offer a diverse range of selection for the customers.

The photonics market has registered significantly grown in the last few years, and it is likely to expand with the rising need from the conductive ink industry. Along with photonics, the display industry is also expected to dominate the market in the forecasted period.

Geographical overview and regional presence:

Germany, Switzerland, and Poland show regional dominance in Europe. Aachen-based company Vanguard photonics are developing photopolymerization techniques that will help in the high-volume production of micro-optics. Companies based in Switzerland and Denmark are now addressing multilevel optics and laser writing techniques which further adds to the value chain of photonic products.

There are several market players that are asserting their dominance in the Photonics Market in recent years, some of the big names in Europe are:

  1. Vanguard photonics
  2. Fluence technology
  3. Vorbeck Materials
  4. Nil Technology
  5. GLOphotonics

Impact of COVID-19 on the European Photonics Market:

The European photonics industry was facing the consequences of the US-China tariff issues before the pandemic which disrupted the supply chain. With Europe becoming a hotspot in the early stages of the pandemic in 2020, major players in the market had to eschew of production activities. This came with the expected low demand for consumer electronics products and dip in production activities all across Europe. Many industries such as display, photovoltaic etc had to operate at reduced capacities and with little to no demand for their products, the overall market embraced a state of crisis. The prevalent situation got better with time and the production activities resumed in the mid-2020. Experts say that the market is expected to operate at a fully functional capacity in 2021.



1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                           

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                              

                2.2 Research Phases                      

                                2.2.1 Secondary Research            

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling     

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                      

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                             

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                      

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market               

5. Market Segmentation                                              

                5.1 Product                        

                                5.1.1 Introduction           

                                5.1.2 LED & Laser            

                                5.1.3 Detectors

                                5.1.4 Sensory & Imaging Devices              

                                5.1.5  Y-o-Y Growth Analysis, By Product               

                                5.1.6  Market Attractiveness Analysis, By Product             

                                5.1.7  Market Share Analysis, By Product               

                5.2 Application                 

                                5.2.1 Introduction           

                                5.2.2 ICT              

                                5.2.3 Production Technique        

                                5.2.4 Y-o-Y Growth Analysis, By Application         

                                5.2.5 Market Attractiveness Analysis, By Application        

                                5.2.6 Market Share Analysis, By Application         

                5.3 End User                     

                                5.3.1 Introduction           

                                5.3.2 Media Broadcasting & Telecom     

                                5.3.3 Consumer & Business automation

                                5.3.4  Y-o-Y Growth Analysis, By End User             

                                5.3.5  Market Attractiveness Analysis, By End User           

                                5.3.6 Market Share Analysis,By End User              

6. Geographical Analysis                                              

                6.1 Introduction                              

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                       By Geographical Area

                                       By Product

                                       By Application

                                6.1.4  Market Attractiveness Analysis     

                                       By Geographical Area

                                       By Product

                                       By Application

                                6.1.5  Market Share Analysis      

                                       By Geographical Area

                                       By Product

                                       By Application

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy           

                                6.2.6 France      

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan        

                                6.3.5 Australia  

                                6.3.6 South Korea           

                6.5 Latin America                            

                                6.4.1 Introduction           

                                6.4.2 Brazil         

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America         

                6.6 Middle East & Africa               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa        

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental      

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services

                                7.2.5 Competitive Rivalry within the Industry      

8. Market Leaders' Analysis                                        

                8.1 Philips                           

                                8.1.1 Overview

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Schott                           

                8.3  Nikon Corporation                 

                8.4 Shin-Etsu Chemical Company                              

                8.5 Hoya Corporation                    

                8.6 Corning                        

                8.7 Asahi Glass Company                             

                8.8 II-VI Inc.                       

                8.9 Ohara Inc.                   

                8.10 American Elements                              

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                        

                9.3 Agreements, collaborations and Joint Ventures                          

                9.4 New Product Launches                          

10. Market Outlook and Investment Opportunities                                          


                a) List of Tables                

                b) List of Figures                              

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

  • The segment-level analysis in terms of By Diagnostic Wearable Devices, and Therapeutic Wearable Devices along with market size forecasts and estimations to detect key areas of industry growth in detail

  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics

  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis

  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development

  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis, and analyst overview to study and sustain the market environment

  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies

  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions

  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

  1. Europe Photonics Market Market By Region, From 2021-2026( USD Billion )

  2. Europe Photonics Market Market By Product, From 2021-2026( USD Billion )

  3. Europe LED & Laser Market By Region, From 2021-2026( USD Billion )

  4. Europe Detectors Market By Region, From 2021-2026( USD Billion )

  5. Europe Sensory & Imaging Devices Market By Region, From 2021-2026( USD Billion )

  6. Europe Photonics Market Market By Application, From 2021-2026( USD Billion )

  7. Europe ICT Market By Region, From 2021-2026( USD Billion )

  8. Europe Production Techniques Market By Region, From 2021-2026( USD Billion )

  9. Europe Photonics Market Market By End User, From 2021-2026( USD Billion )

  10. Europe Media Broadcasting & Telecom Market By Region, From 2021-2026( USD Billion )

  11. Europe Consumer Business automation Market By Region, From 2021-2026( USD Billion )


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