Jenoptik develops and manufactures micro-optics, optoelectronic modules, as well as, integrated solutions. The company is a globally operating technology group that operates through 3 photonics-based divisions—Light and Optics, Light and Production, and Light and Safety since January 2019. The group provides mechatronic solutions under the brand VINCORION. Jenoptik is also listed on the Frankfurt Stock Exchange. As of December 2018, the company’s employee strength was 4,043. The company operates through the following segments: Optics and Life Science, Mobility, and Defense and Civil Systems. The Optics and Life Science segment engage in the development and production of optical and micro-optical components. The company offers a wide range of products and solutions to the road safety market under traffic safety systems segment. This segment includes red light and speed enforcement, Automatic Number-Plate Recognition (ANPR), traffic service provision, measurement of average speed, Traffic Monitoring (TM), and software and accessories. Jenoptik has a significant presence in over 80 countries. The company has its major customers in industries such as semiconductor equipment, an automotive and automotive supplier, medical technology, defense and security, and aviation. The company maintains its production and assembly sites in Europe, US, and APAC. Jenoptik faces stiff competition from companies such as Kapsch and Redflex Holdings.