NEW YORK, Nov. 22, 2016 /PRNewswire/ -- This photonic applications report by BCC Research analyzes the tools and components for photonic application and its market dynamics. Use this report to: - Analyze the various applications for tools and components for photonic applications. - Examine key trends related to the types, networks and regional factors that shape and influence the overall tools and components of photonic application market. - Understand the major stakeholders in the market and the competitive landscape for market leaders. - Analyze growth strategies of key players in the tools and components for photonic application market. Highlights - The global tools and components for photonic applications market will grow from nearly $10.6 billion in 2016 to $19.2 billion by 2021 with a compound annual growth rate (CAGR) of 12.7% for the period of 2016-2021. - The sensor segment will grow from $2.5 billion in 2016 to nearly $4.6 billion by 2021, with a CAGR of 12.6%.- The integrated circuit (IC) segment is expected to increase from $1.6 billion in 2016 to $2.9 billion by 2021, with a CAGR of 12.2%. STUDY GOALS AND OBJECTIVES This report is an impact analysis of the tools and components for photonic application market. The information provided includes factors currently driving and restraining market growth, as well as factors impacting the future of the industry. The goals and objectives of this report include: - To understand opportunities and innovation-driven tools and components for photonic application market highlights, as well as the major regions and countries involved in such developments. - To analyze the various applications of tools and components for photonic application and their market dynamics.