Photonics Market Latest Technology, Applications, Demand, Development Status & 2024 Global Industry Growth Analysis Report
20 February 2020 - The global Photonics Market was valued at over USD 600 billion in 2015 and is expected to reach USD 979.90 billion by 2024. It has witnessed a radical change in the technology of photonics in the recent past, based on the research activities performed. The photonic technology has been developed and implemented in many verticals. The advances in the global photonics market have been stimulated owing to the developments in the field of fiber optics. The introduction of electricity has given a boost to the conversion. The advancement of optics reached the peak point of the use of electric bulbs and primeval lamps to the highly advanced lasers. The global photonics market has started developing products which are eco-friendly. These products are expected to be developed and introduced over the next few years. Some of the major factors driving the global photonics market include a better substitute for the conventional techn...