Venture Capital
Alma Alms Video: Money In Motion 39 - Deep Tech Photonics
January 2023 - Venture Capital
TRANSCRIPT
Hello. My name is Andrea Alms and I am technology investor and financial manager and this is your money in motion. On the last episode, we completed our tour around the deep tech circle, covering eight sectors of know the photonics. Here we cover and compare the detect subsectors averages in pure U.S. dollars. Top place goes to photonics at a whopping 593 billion U.S. dollars.
It is such a big number. Just to put it into perspective, the estimated photonics market size is bigger than the estimated GDP of the country, Belgium. It begs the question, what is in these numbers? This market report cites the photonics. Market size is 564 billion U.S. dollars in 2020 and is projected to reach 915 billion by 2028, growing at a compound average growth rate of 6% from 2021 to 28.
As for the definition of the global photonics market, it is covering everything from your laser pad to the lights in your car to the lights used in medical diagnostic devices. The global photonics Report uses this segmentation method by product type, geography, application and key players based on product type. The market is segmented into LED, which stands for light emitting diodes, laser detectors, sensors and imaging devices along with others.
The LED segment holds the biggest market share based on application. The market segmentation is into displays, information and communications technology, market medical technology and life sciences. The information communications technology segment holds the biggest market share. If we do some back of the napkin math, this graph shows and suggest the led global market is about 33% of the global photonics market, best guesstimate may be between 190 to 205 billion.
On the next episode, let's dig deeper into the LED market segment. And who are the players? Thank you. This is your money, your money, in motion.