North America

NEWS

Global photonics market value to increase to $765.89 billion by 2020

A report by Transparency Market Research has labelled North America as the largest market for photonics, but that Asia Pacific is the fastest growing driven by demand for instruments from India, China and Japan. The report predicts the global photonics market value to increase to $765.89 billion by 2020 at a CAGR of 5.8 per cent from 2014 to 2020.

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By Dave MacLellan, Executive Director, AILU

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