MarketsandMarkets’ report "Photonics Market by Product Type, Application, & End-Use Industry - Global Forecast to 2022" suggests the photonics market is projected to grow from USD 530.52 Billion in 2017 to USD 795.54 Billion by 2022, at a CAGR of 8.4% during the forecast period. Growth is driven by increased demand from applications such as displays, information & communication technology, photovoltaic, medical technology & life sciences, measurement & automated vision, lighting, and production technology.
- The media, broadcasting & telecommunication end-use industry segment is projected to lead the Photonics Market from 2017 to 2022
- The lasers, detectors, sensors, & imaging devices product type segment of the Photonics Market is projected to grow at the highest CAGR between 2017 and 2022
- The Asia Pacific Photonics Market is projected to grow at the highest CAGR between 2017 and 2022
- Key companies profiled in this research report on the Photonics Market include Philips (Netherlands), Schott (Germany), Nikon (Japan), Shin-Etsu Chemical Company (Japan), Hoya (Japan), Corning (US), Asahi Glass (Japan), II-VI Inc. (US), Ohara (Japan), and American Elements (US).
If your curiosity or interest is piqued and you require more details, you can browse 94 market data tables and 37 figures spread through 151 pages and an in-depth TOC.