Enjoy complimentary customisation on priority with our Enterprise License!
The US photonics market size is forecast to increase by USD 51.37 million at a CAGR of 5.99% between 2024 and 2028. The photonics market in the US is experiencing significant growth, driven by emerging applications in the silicon photonics sector. This technology, which utilizes light to transmit data, is gaining traction due to its potential to increase data transfer speeds and reduce energy consumption in compared to traditional electronics. Additionally, the US is witnessing an increase in research and development activities in photonics, with numerous institutions and companies investing in this technology. However, the high cost of photonics-enabled devices remains a challenge, limiting their widespread adoption. Despite this, the market is expected to grow steadily, fueled by advancements in technology and increasing demand for high-speed data transfer solutions.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Product
8 Market Segmentation by Application
9 Customer Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.