Photonics Market is estimated to reach $930 Billion by 2024; growing at a CAGR of 6.5% from 2020 to 2024
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New York, United States, Sat, 28 Nov 2020 05:20:38 / Comserve Inc. / — Photonics is the physical science and technology of photon (light) generation, detection, and manipulation through emission, modulation, transmission, amplification, signal processing, and sensing.
Global Photonics Market is estimated to reach $930 Billion by 2024; growing at a CAGR of 6.5% from 2016 to 2024. Photonics is the physical science and technology of photon (light) generation, detection, and manipulation through emission, modulation, transmission, amplification, signal processing, and sensing. However, covering all light’s scientific applications throughout the whole spectrum, maximum photonic applications are in the range of visible and almost-infrared light. Photonics is viewed as one of the key enabling technologies in the past, leading to the growth of new products and services with considerable economic benefits. The features of photons and waves can be