Photonics Companies

The photonics market size is projected to grow from USD 1,093.96 billion in 2025 to USD 1,481.80 billion by 2030, registering a CAGR of 6.3% during the forecast period.

Photonics is the practice of controlling light (photons) in ways that allow the creation of technologies, such as LEDs, lasers, optical fibers, and photonic-integrated circuits. Photonics is responsible for real innovations in high-speed data transmission, advanced and precise manufacturing, and advanced imaging of light-specific imaging techniques by utilizing the unique properties of light for efficiency and accuracy in industries such as telecommunications, healthcare, and consumer electronics. The growth of the photonics market is based on growth in data traffic from cloud computing, 5G, and IoT usage, which demand high-speed optical communication systems. Energy-efficient monochromatic light sources and solid-state light sources, such as LEDs, intended for lights and displays, are being used to support global sustainability efforts to replace traditional systems. Advances in silicon photonics, where photonic and electronic features of chips can be combined, have led to higher data center productivity and lower power consumption.

Photonics Companies

Thorlabs, Inc. (US), IPG Photonics Corporation (US), Lumentum Operations LLC (US), ams-OSRAM AG (Austria), Hamamatsu Photonics K.K. (Japan), Corning Incorporated (US), Coherent Corp (US), OFS Fitel, LLC (US), ON SEMICONDUCTOR CORPORATION (US), and Signify Holding (Netherlands) are the prominent players in the photonics market. Their contributions propel technological developments, broaden market reach, and shape industry standards, ultimately influencing the future of photonics and its numerous uses.

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Hamamatsu Photonics K.K. is a leader in photonic technologies, with its headquarters in Hamamatsu City, Shizuoka Prefecture, Japan. Founded in 1953, the company is dedicated to the development and manufacture of light products across a variety of product disciplines. The company’s product range includes optical sensors, cameras, sources of light and radiation, lasers, and custom-built photonic systems. These products serve a wide variety of markets in scientific research, industrial automation, medical diagnostics, and other high-tech markets. The company’s technology, intense focus on innovation, and technical skills make it a leading player in photonics. Hamamatsu maintains subsidiaries and sales offices in Japan, North America, Europe, and China. The company employs approximately 5,000 people worldwide, ensuring high quality, precision, and local customer support in every region. Hamamatsu’s manufacturing base is globally distributed; Hamamatsu’s primary manufacturing and research location is in Hamamatsu City, with additional Japanese manufacturing run through facilities in Toyooka Village and Iwata City. Providing operational support for the company’s manufacturing plants in the US, China, and Europe is essential for overall operations.

Lumentum Operations LLC is a key player in the global photonics market, based in San Jose, California, US. The company was founded in 2015 after a corporate spin-off from JDS Uniphase Corporation and has since established itself as a top competitor in the advanced optical and laser technology market. Lumentum has a diverse product line of photonic solutions that provide high-speed connectivity and precision manufacturing. Lumentum produces innovative products based on several core products, which include commercial lasers (high-power kilowatt fiber lasers, ultrafast lasers, and Q-switched lasers), optical communication systems (transceivers and reconfigurable optical add-drop multiplexers - ROADMs), and industrial diode lasers to be used in different applications (networking, sensing, and materials processing). Lumentum is a global company serving North America, Europe, and Asia through sales and support offices around the world. The company employs nearly 5,000 employees and is committed to fostering innovation in photonics technologies. Its manufacturing facilities for production and assembly are strategically located around the world, including San Jose, California, Thailand, and China.

Corning Incorporated is a global leader in materials science with a history dating back to 1851 in the world’s center of glass innovation in Corning, New York. Corning is well known for glass, ceramics, and optical physics, and its Optical Communications segment enables the continued advancement of the photonics market. The segment plays a critical role in bringing next-generation optical fibers, fiber optic cables, and network connectivity solutions to customers. Corning companies have been central to high-speed, high-capacity data transmission systems since the invention of the world’s first low-loss optical fiber in 1970, supporting advancements in telecommunications, 5G infrastructure, data centers, and AI-enabled applications. Corning consistently invests in innovation research and development (R&D), which typically consumes about 10% of annual revenues (approximately [USD 1.4 billion in 2021]) to achieve connectivity across the globe. In the Optical Communications segment, the company produces many photonic products such as SMF-28 Contour Fiber, TXF Optical Fiber, ClearCurve Multimode Fiber, MiniXtend Optical Cable, and EDGE Solutions.

Coherent Corp., initially IM-II-VI Incorporated in 1971, was re-named Coherent, Inc. in 2022 when it acquired Coherent, Inc. Coherent has its headquarters in Saxonburg, Pennsylvania, US. Coherent is a leader in photonics and develops novel products using materials science, networking, and laser technologies for industries such as industrial automation, telecommunications, electronics, and measurement and instrumentation. Coherent has approximately 26,000 employees and anticipates revenue to be approximately USD 4,707 million in 2024. Coherent’s business is structured into three main segments: Networking, Materials, and Lasers. The Networking segment specializes in optical transceivers and components that enable high-speed data communication & telco infrastructure. The Lasers segment provides laser technology products, including diode lasers, fiber lasers, ultrafast lasers, and laser systems that can be used in multiple photonics applications. The Materials segment provides optoelectronic devices and also develops engineered, advanced materials, including SiC for high-precision manufacturers. Coherent’s range of photonic products, including networking and laser technologies, enhances communication systems, precision manufacturing, and applications in life sciences.

OFS FITEL, LLC, incorporated in 2001 as a subsidiary of Furukawa Electric Co., Ltd., is located in Norcross, Georgia, US. The company focuses on providing global leadership in the design and manufacture of optical fiber, fiber optic cable, and connectivity solutions for the photonics industry. OFS has its origin in AT&T and Lucent Technologies, providing over 100 years of advancements in optical innovations to supply unique, high-performance solutions for multiple industries, including telecommunications, medical, industrial, and defense. OFS operates as a single brand, Furukawa Solutions, in a single business area, Optical Communications and Specialty Photonics, which encompasses the range of products that include optical fibers (e.g., AllWave), fiber optic cables (e.g., AccuRibbon), and related connectivity solutions. OFS has an estimated global employee base of approximately 1,500. OFS continues to manufacture products in the US, and has manufacturing facilities located in Norcross, Georgia (optical fiber and cable), Avon, Connecticut (specialty fibers), and Somerset, New Jersey (cable and connectivity). Manufacturing facilities are also located in Germany and Russia.

Related Reports:

Photonics Market by Product Type (LED), Wavelength (Infrared, Visible), Material (Silicon, Glass), Application (Information & Communication Technology), End-use Industry (Industrial, Media & Telecommunication), & Region - Global Forecast to 2030