How big is the photonics market | Suppliers & Company list 2025

Code: MTA7922 Publication Date: Aug 2025

How big is the photonics market?

According to 6Wresearch internal database and industry insights, the Global Photonics Market was valued at USD 800.4 Billion in 2024 and is expected to reach USD 1180.6 Billion by 2031, growing at a compound annual growth rate of 4.90% during the forecast period of 2025 to 2031.

The market is expanding due to the increasing adoption of photonic technologies in communication, imaging, lighting, and sensing applications, along with the growing integration of lasers and optical systems across industries.

Key Growth Drivers of the Photonics Market

  • Growing demand for high-speed internet and optical communication networks
  • Increasing adoption in medical imaging, diagnostics, and laser-based surgeries
  • Expanding use of photonics in defence, aerospace, and industrial automation
  • Rising demand for energy-efficient lighting solutions such as LEDs and laser diodes
  • Advancements in photonic integrated circuits and quantum photonics technologies

Photonics Market Trends

Photonics market is witnessing trends such as the integration of photonics into AI and quantum computing systems, growing miniaturization for portable optical devices, and advancements in fibre optic communication. The use of LiDAR systems in the autonomous cars, monitoring of renewable sources using optical sensors, and creation of photonic chips to work in data centres are also influencing the development of the market.

Emerging Developments in the Photonics Market

Photonics market is experiencing developments such as innovations in silicon photonics, commercialization of ultra-fast laser systems, and deployment of photonic technologies in satellite-based communications. University-based R&D partnerships with startups and large companies are contributing to speeding bio-photonics breakthroughs, and governments are augmenting the number of photonics research.

List of Leading Companies in the Photonics Market

Below is a comprehensive list of the leading market players driving growth in this sector:

1. Coherent Corp.

Company NameCoherent Corp.
Establishment Year1971
HeadquarterSaxonburg, Pennsylvania, USA
Official WebsiteClick Here

Designs and manufactures photonics-based laser systems, optical components, and materials for industrial, scientific, defense, and medical applications worldwide, supporting advanced manufacturing and research innovation.

2. IPG Photonics Corporation

Company NameIPG Photonics Corporation
Establishment Year1990
HeadquarterOxford, Massachusetts, USA
Official WebsiteClick Here

Specializes in high-power fiber lasers and amplifiers for materials processing, medical devices, and telecom, delivering precision, efficiency, and scalability to global manufacturing operations.

3. Hamamatsu Photonics K.K.

Company NameHamamatsu Photonics K.K.
Establishment Year1953
HeadquarterHamamatsu, Shizuoka, Japan
Official WebsiteClick Here

Develops advanced photonics devices including sensors, light sources, and imaging systems, enabling breakthroughs in healthcare, automotive, aerospace, and industrial inspection technologies.

4. Lumentum Holdings Inc.

Company NameLumentum Holdings Inc.
Establishment Year2015
HeadquarterSan Jose, California, USA
Official WebsiteClick Here

Provides optical and photonic solutions for telecom, 3D sensing, and industrial lasers, supporting high-speed data transmission, precision manufacturing, and emerging technology applications globally.

5. Trumpf GmbH + Co. KG

Company NameTrumpf GmbH + Co. KG
Establishment Year1923
HeadquarterDitzingen, Germany
Official WebsiteClick Here

Offers laser and photonics-based solutions for industrial manufacturing, enabling precision cutting, welding, and marking in automotive, aerospace, and electronics sectors worldwide.

6. Jenoptik AG

Company NameJenoptik AG
Establishment Year1991
HeadquarterJena, Germany
Official WebsiteClick Here

Provides photonics technologies for laser material processing, optical metrology, and imaging systems, serving semiconductor, automotive, and medical device industries with innovative, high-performance solutions.

7. Thorlabs, Inc.

Company NameThorlabs, Inc.
Establishment Year1989
HeadquarterNewton, New Jersey, USA
Official WebsiteClick Here

Supplies a wide range of photonics equipment, including optical components, lasers, and imaging systems, catering to research, industrial, and medical markets globally.

8. MKS Instruments, Inc.

Company NameMKS Instruments, Inc.
Establishment Year1961
HeadquarterAndover, Massachusetts, USA
Official WebsiteClick Here

Delivers photonics-based process control, laser systems, and optical solutions for semiconductor manufacturing, life sciences, and industrial applications with high precision and scalability.

9. Finisar Corporation (II-VI Incorporated)

Company NameFinisar Corporation (II-VI Incorporated)
Establishment Year1988
HeadquarterSunnyvale, California, USA
Official WebsiteClick Here

Produces photonics components for optical communications, providing high-speed data transmission, network scalability, and energy-efficient connectivity for telecom, data centers, and enterprise systems.

10. Rofin-Sinar Technologies Inc.

Company NameRofin-Sinar Technologies Inc.
Establishment Year1975
HeadquarterPlymouth, Michigan, USA
Official WebsiteClick Here

Designs industrial laser systems and photonics-based manufacturing tools, enabling precision processing for automotive, electronics, packaging, and medical device production globally.

How big is the photonics market: FAQs

It was valued at USD 800.4 Billion in 2024 and is projected to reach USD 1180.6 Billion by 2031.
The photonics market is expected to grow at a CAGR of 4.90% from 2025 to 2031.
High-speed optical communication, LED lighting demand, and medical imaging advancements.
Silicon photonics, LiDAR adoption, and integration with AI and quantum technologies.
6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.
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