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Global Photonics Market Set for Growth

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ALBANY, N.Y., Nov. 14, 2016 — The global photonics market is set to reach $766 billion by 2020, according to a new report from Transparency Market Research. Expanding from 2013’s figure of $510 billion with a compound annual growth rate of 5.8 percent, the market’s growth is being driven by the demand for highly capable and efficient electronic products, as well as the rise in data transfer volume. However, limited commercialization of photonic devices is hampering the development of the global photonics market. Based on products, the market for wavelength division multiplexer filters is the...Read full article

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    Published: November 2016
    market researchglobal photonicsTransparency Market ResearchAmericasindustrialBusiness

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