WELLESLEY, Mass., March 01, 2019 – Gradually, photonics is replacing electric conductors as the need for high-performance and high-efficiency image and display capturing in a variety of industries becomes more and more urgent.
BCC Research’s latest report, “2018 Photonics Research Review,” provides a sampling of quantitative data and the trends that professionals can expect to see within various segments of the photonics market, including fiber optics, optical wireless communication (OWC), Vertical-Cavity Surface-Emitting Lasers (VCSEL), and ultrafast lasers.
In the global fiber optics market, the telecommunications industry is experiencing unexpected exponential growth and, consequently, the demand for high bandwidth is insatiable among consumers.
VCSELs are expected to be a prominent source in the optical communications market in the coming years. By 2022, optical fiber data transmission applications are expected to reach $808 million in global market share.
The demand for OWC systems is projected grow at a healthy pace during the next five years, due to an increasing number of internet users, the need for wireless data transmission methods, development of advanced LEDs and laser technologies and additional factors.
The ultrafast lasers market is expected to grow from $2.7 billion in 2017 to $8.1 billion by 2022 at a robust CAGR of 24.7%, due to their unmatched high-range intensity and minimal energy loss during use.
“This Photonics Research Review provides a sampling of the type of quantitative market information, analysis and guidance that has been aiding business decision making since BCC Research was founded in 1971. It includes highlights of reports published in 2018 on several photonics markets,” say BCC Research analysts.
2018 Photonics Research Review( PHO033A )
Publish Date: Feb 2019
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