UK photonics worth £12.9 billion to UK economy
UK photonics industry output now exceeds £12.9 billion, is growing at twice the national average.
This updated analysis of the UK photonics industry shows a rise of £2.4 bn since the last report in 2013, recording an average growth rate of >5.3%, which finds UK photonics to be growing at twice the speed of the rest of the UK economy.
The UK Photonics: the Hidden Economy report, published in May 2018, details how such an enabling sector can be analysed and compares UK photonics to other key UK manufacturing sectors, the fit of photonics to the UK industry strategy and its position relative to the European and global photonics industries.
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