Product ID: SQMIG45K2073
Report ID:
SQMIG45K2073 |
Region:
Global |
Published Date: July, 2001
Pages:
165
|
Tables:
72 |
Figures:
75
In 2021, the Asia-Pacific held the largest share of the global photonics market. Due to the area's first-mover benefit, growing investment in Research & development activities, and increased share of inventions, the Asia-Pacific Is projected is predicted to develop quickly. China, notably, is now at the center of key breakthroughs occurring in the segment of photonics. Market expansion is expected to be fueled by the increasing use of this technology in the creation of quicker and more accurate upcoming electronic components.
The existence of digital behemoths like Facebook and Microsoft, which need to optimize data management and transfer for their numerous data centers, center expected to boost the market in North America. New software devices' crucial high-speed data analysis and transmission capabilities can both be significantly enhanced by photonics.
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REQUEST FREE CUSTOMIZATIONPhotonics Market size was valued at USD 630 billion in 2019 and is poised to grow from USD 675.69 billion in 2023 to USD 1100 billion by 2031, growing at a CAGR of 7.3% in the forecast period (2024-2031).
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Product ID: SQMIG45K2073