Photonics Market - Technological Advancements Leading to New Innovative Avenues
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%. The growth of this market is driven by the increased demand from applications such as displays, information & communication technology, photovoltaic, medical technology & life sciences, measurement & automated vision, lighting, and production technology. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=88194993 Media, broadcasting & telecommunication end-use industry segment is projected to lead the photonics market from 2017 to 2022 Based on end-use industry, the media, broadcasting & telecommunication segment accounted for the largest share of the photonics market in 2016, and this trend is expected to continue during the forecast period. Photonics is used in this end-use industry segment for communication, data storage, and data sharing purposes. The use of photonics products has significantly