The photonics market revenue stood at $576.8 billion in 2019, and it is expected to rise to $1,214.5 billion by 2030, while demonstrating a CAGR of 6.9% during 2020–2030. Globally, the Asia-Pacific (APAC) region held the major share in 2019, and it is expected to retain its dominance in the coming years as well. This is attributed to the constant technological advancements in the emerging economies of APAC such as India, South Korea, China, and Japan.

The photonics market revenue stood at $576.8 billion in 2019, and it is expected to rise to $1,214.5 billion by 2030, while demonstrating a CAGR of 6.9% during 2020–2030. Globally, the Asia-Pacific (APAC) region held the major share in 2019, and it is expected to retain its dominance in the coming years as well. This is attributed to the constant technological advancements in the emerging economies of APAC such as India, South Korea, China, and Japan.