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