Code: MTA7922 | Publication Date: Aug 2025 |
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.
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.
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.
Below is a comprehensive list of the leading market players driving growth in this sector:
Company Name | Coherent Corp. |
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Establishment Year | 1971 |
Headquarter | Saxonburg, Pennsylvania, USA |
Official Website | Click 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.
Company Name | IPG Photonics Corporation |
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Establishment Year | 1990 |
Headquarter | Oxford, Massachusetts, USA |
Official Website | Click 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.
Company Name | Hamamatsu Photonics K.K. |
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Establishment Year | 1953 |
Headquarter | Hamamatsu, Shizuoka, Japan |
Official Website | Click Here |
Develops advanced photonics devices including sensors, light sources, and imaging systems, enabling breakthroughs in healthcare, automotive, aerospace, and industrial inspection technologies.
Company Name | Lumentum Holdings Inc. |
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Establishment Year | 2015 |
Headquarter | San Jose, California, USA |
Official Website | Click 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.
Company Name | Trumpf GmbH + Co. KG |
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Establishment Year | 1923 |
Headquarter | Ditzingen, Germany |
Official Website | Click Here |
Offers laser and photonics-based solutions for industrial manufacturing, enabling precision cutting, welding, and marking in automotive, aerospace, and electronics sectors worldwide.
Company Name | Jenoptik AG |
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Establishment Year | 1991 |
Headquarter | Jena, Germany |
Official Website | Click 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.
Company Name | Thorlabs, Inc. |
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Establishment Year | 1989 |
Headquarter | Newton, New Jersey, USA |
Official Website | Click Here |
Supplies a wide range of photonics equipment, including optical components, lasers, and imaging systems, catering to research, industrial, and medical markets globally.
Company Name | MKS Instruments, Inc. |
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Establishment Year | 1961 |
Headquarter | Andover, Massachusetts, USA |
Official Website | Click Here |
Delivers photonics-based process control, laser systems, and optical solutions for semiconductor manufacturing, life sciences, and industrial applications with high precision and scalability.
Company Name | Finisar Corporation (II-VI Incorporated) |
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Establishment Year | 1988 |
Headquarter | Sunnyvale, California, USA |
Official Website | Click 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.
Company Name | Rofin-Sinar Technologies Inc. |
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Establishment Year | 1975 |
Headquarter | Plymouth, Michigan, USA |
Official Website | Click Here |
Designs industrial laser systems and photonics-based manufacturing tools, enabling precision processing for automotive, electronics, packaging, and medical device production globally.