Photonics Market Business Opportunities, Top Manufacture, Growth, Research Report, Regional Analysis and Global Forecast to 2028
The global photonics market size was valued at USD 750.2 billion in 2020. The market is estimated to rise from USD 802.5 billion in 2021 to USD 1267.3 billion by 2028 at a 6.7% CAGR during the forecast period 2021-2028. Fortune Business Insights™ has delved into these insights in its latest research report titled, “Photonics Market, 2021-2028.”
According to an analysis, the demand for photonics-enabled devices will be noticeable across information and communication, healthcare, and industrial production sectors. Lately, light-based technology has become sought-after across North America, Europe, and Asia Pacific. Besides, the COVID-19 pandemic accelerated the need for technology.
Exponential Demand from Healthcare Sector to Augur Well
Although the pandemic had a pressing impact on major industries, the healthcare sector emerged as a lucrative end-user of photonics. Unprecedented demand for RT-PCR tests fueled the penetration of the light wave. Moreover, https://www.fortunebusinessins....ights.com/photonics-