Photonics Market In US size is set to grow by USD 51.37 mn from 2024-2028

The global photonics market in us size is estimated to grow by USD 51.37 mn from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 5.99% during the forecast period. The Photonics Market in the US is experiencing growth due to silicon photonics, which manipulates light using silicon properties. Advantages include high-speed data transmission, energy efficiency, and semiconductor compatibility.

Applications span data communication, sensing in healthcare and environment, and industries like automotive, telecom, and semiconductor manufacturing. Silicon photonics integrates optical functions on chips, enhancing sensitivity and reducing size. Key components include amplifiers, modulators, and fiber optic cables.

The market encompasses 5G, telecom companies, and various consumer products like TVs, smartphones, and barcode scanners. Long-term benefits include energy-efficient solutions and technological advancements, such as 3D printing and displays. Regulations and chemicals like arsenic oxide and boron oxide also impact the market.

This photonics market in US report extensively covers market segmentation by End-user (Consumer electronics, Building and construction, Safety and defense technology, Medical and healthcare, Others) Product (WDM filters, Optical modulators, Optical interconnects, Photo detectors, Others) Application (Information and communication technology, Displays, Photovoltaic, Biophotonics, Others) Geography (North America).