Middle East and Africa Photonics Market

Middle East and Africa Photonics Market Growth and Size 2028

The Middle East and Africa Photonics Market are expected to grow at a CAGR of 7% in the outlook period to be valued at more than 500 billion dollars globally. The photonics market in the Middle East and African region is growing rapidly with the need for high data transfer and storage systems.

Drivers and Restraints of the Middle East and Africa Photonics Market Photonics Market

Internet usage in Middle East countries has surged in the past few years. To serve this high demand, telecom companies are providing better internet accessibility. This growth in the telecom industry has triggered growth in the silicon photonics industry as well.

The Middle East and Africa is also a big hub for consumer electronics, a lot of investment has gone into producing electronic gadgets or formulation of policies that are inviting foreign investments. The growing number of data centers is also a major factor driving the growth of photonics in the Middle East and African region.

The high cost of technology can prove to be a hindering factor. The US/China tariff issues though not directly impact the Middle East and Africa but will inevitably have a consequence on the supply chain. This disruption can lead to the slowing down of the market.  

The Middle East and Africa Photonics Market Photonics market have been segmented into the following categories:

On the basis of the Product

• LED and Laser
• Detectors
• Sensors
• Imaging Devices

On the basis of the Application

• ICT

• Production Techniques

On the basis of End-user

• Media Broadcasting and Telecom
• Consumer & Business Automation

The Middle East and Africa have focused highly on laser-based manufacturing as 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 lighting. The adoption of smart lighting in the Middle East and African region is also growing very fast, and many companies are coming up with smart lighting products that offer a diverse range of selections for customers.

Geographical Overview And Regional Presence:

UAE has been striding forward towards its ease of doing business, which also helps the photonics industry as various foreign market players are willing to invest. IBM and Microsoft have already started their investments with the launching of their data centers in various parts of the country.

Recent Developments in the Middle East and Africa Photonics Market

• HP offered a wide product portfolio that includes servers, storage, cloud systems, etc. It has increased its corporate investments to expand its operations in the Middle East and African region.
• In 2020, IBM Corporation announced the launch of two data centers in the United Arab Emirates. The intention is to capitalize on the growing demand for consumer electronics with huge data consumption.

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

1. STMicroelectronics N.V
2. Hewlett Packard enterprise development
3. Luxtera Inc
4. Hamamatsu Photonics KK
5. GLOphotonics

Impact of COVID-19 on the Middle East and African Photonics Market:

The Middle East and African photonics industry were facing the consequences of the US-China tariff issues before the pandemic that disrupted the supply chain. With the Middle East and Africa becoming a hotspot in the early stages of the pandemic in 2020, major players in the market had to shun production activities. This came with the expected low demand for consumer electronics products and dip in production activities all across the Middle East and Africa. A lot of foreign investments in the silicon photonics sector also dried up during this period.