European photonics industry growing at more than double global GDP rate, new analysis finds New research published today shows European photonics is growing at more than double the rate of global GDP – outperforming EU GDP and EU industrial production by three and five times, respectively. Present in many high-end, next-generation products, photonics technologies have proved to be long-term drivers of growth through their indispensable role in future markets. Photonics – the technology and science of light – is one of the most resilient and fast-growing industries in Europe, outperforming many other market segments according to the new ‘Market Research Study – Photonics 2020’ by deep technology research group Tematys. Key to several mega markets – including Industry 4.0, Digitisation, Quantum, AI, IoT – European photonics have enabled many market segments and applications to flourish ranging from Space, Healthcare, Environment, and Defence to Security Telecoms. The study delivered a glowing report on European photonics from 2015 to 2019: the industry grew at a CAGR of 7% per year and was worth €103 billion at the latest count in 2019. (Taken from Photonics21 Press release)
Access here the report. Enjoy the reading of such promising technologies!