Up-trend in photonics sectors continues, shows recent industry survey update by SPIE

Revenue generated by core photonics and photonics-enabled businesses continues on an upward trend, according to the most recent analysis from an ongoing market survey of the global market by SPIE, the international society for optics and photonics. Along with revenue, numbers of companies and employees are also on the rise, the report says.

The report notes that in 2014, there were around 3,200 companies in the core components business, underpinning photonics-enabled markets worth $1.45 trillion and employing approximately 3.5 million people.

SPIE Director of Industry Development Stephen Anderson presented the analysis 12 October at an executive breakfast sponsored by EPIC during the Micro Photonics International Congress Expo in Berlin.