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Photonics Growth in Europe Outpaces GDP

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MUNICH, May 15, 2013 — With a worldwide market value projected to hit €615 billion (about $791 billion) in 2020 and to remain stronger than the gross domestic product (GDP), photonics has moved from a niche application to a key enabling technology, according to Photonics Industry Report 2013, which was presented at Laser World of Photonics this week. The high-tech segment also has demonstrated solid growth since 2005, despite the financial crisis, the report states. A joint initiative of the trade associations VDMA, Spectaris and ZVEI, and of the German Federal Ministry of Education and Research (BMBF),...Read full article

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    Published: May 2013
    Glossary
    machine vision
    Machine vision, also known as computer vision or computer sight, refers to the technology that enables machines, typically computers, to interpret and understand visual information from the world, much like the human visual system. It involves the development and application of algorithms and systems that allow machines to acquire, process, analyze, and make decisions based on visual data. Key aspects of machine vision include: Image acquisition: Machine vision systems use various...
    photonics
    The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
    AmericasAsia-PacificBiophotonicsBusinessCommunicationsEuropeGDPGermanyImagingindustrialindustrial manufacturingjob creationmachine visionmarket reportoptical componentsOpticsphotonicsphotonics industryPhotonics Industry ReportSpectarisTest & MeasurementThilo BrodtmannVDMALasers

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