PUBLISHER: Inkwood Research | PRODUCT CODE: 1006540
PUBLISHER: Inkwood Research | PRODUCT CODE: 1006540
The Japan photonics market is evaluated to register a CAGR of 8.80% during the estimated period. The market growth of the country is essentially credited to the rising interest of government institutions and organizations, the increased rates of investments as well as funding, and the well-established infrastructure for development in technological advancements. The base year considered for the market studied is 2020, and the forecast years are from 2021 to 2026.
Laser-based technologies have played a vital role in revolutionizing industrial procedures, in addition to enabling production companies to attain increased manufacturing volumes at minimal resource consumption. The surging demand for innovation in the consumer electronics sector continues to fuel significant investments, as well. Moreover, integrating security, data storage, and communication solutions predominantly impacts funding, with several leading players concentrating on research and development. As a core technology across multiple industries, photonics observes rapid growth, facilitating market expansion in diverse verticals.
In 2017, Japan's National Institute of Advanced Industrial Science and Technology (AIST) introduced an optical switch on the basis of silicon photonics technology. It is capable of accommodating light, possessing both horizontal as well as vertical polarization. In the same year, TowerJazz launched a new Silicon Photonics (SiPho) process to manufacture optical transceivers for multiple markets, including Japan. TowerJazz also announced its collaboration with PhoeniX Software for delivering developer kits to consumers developing data center interconnect solutions. As a result, these factors are set to propel the market growth in Japan over the forecasting period.
Some of the chief enterprises operating in the market entail Mellanox Technologies Ltd (Kotura Inc), Fujitsu Laboratories Ltd, Coherent, Hamamatsu Photonics KK, etc.