Global photonics components and system reached €820 billion in 2022
In the latest report from Photonics21 and Tematys, Insights into the dynamic photonics market (2019-2022), the global photonics components and systems market reached €820 billion ($865, £645 billion) in 2022, up from €634 billion in 2019. The compound annual growth rate of 6.8% coincides with that reported for the photonics components market alone by SPIE…