Photonics: Asia Pacific Fastest Growing Market by 2021 Sep 2016 | Página 2
Photonics Market : Global Forecasts to 2021 “ Photonics market to witness CAGR of 8.4 % during forecast period ”
The photonics market size is estimated to reach USD 724.22 billion by 2021 , at a CAGR of 8.4 % between 2016 and 2021 . High performance and energy saving photonics products such as high speed fiber optics communication networks and highly precise laser systems makes them preferable in various applications .
“ Photonics market in manufacturing technology to register fastest growth ”
The photonics market in the manufacturing technology application segment is projected to witness the highest growth during the forecast period . Photonics products are used in manufacturing units for cutting and welding operations using lasers . Lasers are replacing traditional machine tools in manufacturing applications as low cost fiber laser and industrial pulse lasers are being developed . Photonics are also used in the manufacturing of consumer electronics such as DVD players , television , and optical mouse pointers .