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Photonics Market Expected to Reach $724B

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PUNE, India, Sept. 28, 2016 — The photonics market is estimated to reach $724.22 billion by 2021, with a compound annual growth rate of 8.4 percent, according to a report by MarketsandMarkets. Increasing demand from applications such as displays, information and communication technology, photovoltaic, medical technology and life sciences, measurement and automated vision, lighting and production technology are driving the photonics market. Information and communication technology is estimated to be the largest application for the photonics market. In 2015, Asia-Pacific accounted for the largest share of the...Read full article

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    Published: September 2016
    BusinessMarketsandMarketsphotonics marketIndustry NewsLasersOpticsImagingsensing

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