Photonics: Asia Pacific Fastest Growing Market by 2021 Sep 2016 | Page 3

Photonics Market: Global Forecasts to 2021 “Asia-Pacific is the largest and the fastest-growing market for photonics” Asia-pacific is estimated to be the largest and the fastest-growing market for photonics. The high growth rate in the region is owed to high demand from countries such as Japan, China, and India. China is projected to be the largest market for photonics in Asia-pacific in the near future. India is estimated to be the fastest-growing market in Asia-pacific. Growth of important industries such as building & construction and media, broadcasting, and telecommunication has increased the demand for photonics in the region. Extensive primary interviews were conducted to determine and verify the market size for several segments and sub-segments gathered through secondary research. The break-up of primary interviews is given below.  By Company Type - Tier 1 – 37%, Tier 2 – 50%, and Tier 3 – 13%  By Designation - C level – 50%, Director level – 31%, and Others – 19%  By Region - North America – 31%, Europe – 38%, Asia-Pacific – 25%, and RoW- 6% © RnRMarketResearch.com ; [email protected]