- March 2020 |
- Chemicals And Materials / Chemicals and Materials
Photonics Market Size, By Product Type (Waveguides, Optical Modulators, Optical Interconnects, LED, Wavelength Division Multiplexer Filters, Photo Detectors, Lasers, Amplifiers, Other Products), By Application (Displays, Information & Communication Technology, Photovoltaic, Medical Technology & Life Sciences, Measurement & Automated Vision, Lighting, Production Technology, Others), By End User (Media, Broadcasting & Telecommunication, Building & Construction, Consumer & Business Automation, Medical, Security & Defense, Industrial, and Others), and by Region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America); Trend Analysis, Competitive Market Share & Forecast, 2016-26
Global Photonics Market Forecast and Trends
The global Photonics market is anticipated to grow nearly at a CAGR of 4.68 % to reach US$ 812 billion by 2026. Global photonics market growth is driven primarily by increased demand from applications such as displays, the need for energy-efficient products, and increased adoption in numerous applications of photonics products.
Increasing use of photonics has also fueled market growth in medical technology and life sciences, information and communication technology. Moreover, continuous R&D, coupled with technological advancement and photonics used in consumer electronics manufacturing,...