The Photonics market is estimated to be USD 593.7 billion in 2020 and is projected to reach USD 837.8 billion by 2025, at a CAGR of 7.1% between 2020 to 2025. Growing application of photonics enabled products in the healthcare sector, information and communication sector, and industrial manufacturing sector is the major drivers of the global photonics market during the forecast period. By application, the Photonics market is classified into seven main end use applications, namely Displays, Information & communication technology, Photovoltaic, Medical Technology & Life sciences (Biophotonics), Measurement & automated vision, Lighting and Production Technology.
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