Organic photonics

Photonics Market

Retrieved on: 
Monday, April 6, 2020

Solutions such as OLED and LED are also referred to as photonics products.

Key Points: 
  • Solutions such as OLED and LED are also referred to as photonics products.
  • Photonics is the science of photon generation, detection, and manipulation via emission, transmission, sensing, switching, signal processing, modulation, and amplification.
  • As per a report , in 2019, the global photonics market generated a revenue of $576.8 billion and is projected to reach a value of $1,214.5 billion by 2030, registering a 6.9% CAGR during the forecast period (20202030).
  • The rising adoption of photonics products in communication applications is a key driving factor of the photonics market.