Photonics Market Projected to Witness a Double-Digit CAGR During 2022-2028

The photonics market was estimated at USD 615 billion in 2021 and is likely to grow at a CAGR of 7.07% during 2022-2028 to reach USD 993.56 billion in 2028.

The demand for photonics is growing due to the increasing penetration of photonic products in different applications and the need for energy-efficient products to conserve energy.

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