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Market News December 2015

December 28, 2015

The distributed fibre optic sensor market stood at $585 million in 2013 and is projected to approach $1.05 billion in 2019. (According to analysts Research & Markets). In particular, the military market segment is showing signs of growing more rapidly than any other.  A Possible good reason for IMAPS-UK to consider a Photonics Packaging conference in the latter part of 2016 – in conjunction with JEMI and EPIC.

Another report provides the segmentation of existing and future photonics technologies embedded in cars as well as market forecasts of Photonics in all segments : ADAS (Advanced Driver Assistance System), Interior of the cabin, Exterior of the car, Powertrain. ADAS is one of the most promising segments in terms of economic perspective for photonic technologies manufacturers. Indeed, the market of Photonics in ADAS will grow from around $2.8b in 2014 to around $9b in 2020 with a CAGR2015-2020 of around 22%. Today limited to few thousands of units per year in the luxury car segment, high-end photonic systems have the potential to reach tens or hundreds of millions units/year thanks to strong cost decreases while keeping high performance abilities.

In another report, R&M state that the Optoelectronic Components Market Is Expected to Reach USD 55.53 Billion by 2020.  This report focuses on optoelectronic components which are semiconductor devices that are capable of interacting with light (photonic detectors and LEDs come to mind )….. These components have unique features of their own which makes them an ideal choice for a wide range of applications. This optoelectronic components market was valued at USD 32.17 Billion in 2014.  Just considering  Infrared Photodetectors, these  are reaching new opportunities in Defence systems and also in commercial and industrial markets . The IR imaging Photodetectors market is expected to grow from around $700M in 2013 to more than $900M in 2020.  The VCSEL market was valued at USD 611.3 Million in 2014, and is projected to grow at a CAGR of 21.99% from 2015 to 2020, expected to reach USD 2,105.3 Million by 2020.

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From → Electronics, JEMI

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