Photonics Market

Transparency Market

Research

Photonics Market - Global Industry Analysis, Size,

Share, Growth, Trends and Forecast, 2014 – 2020

Published Date

2015-02-06

80 Page Report

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Press Release

Photonics Market to Expand at 5.8% CAGR between 2014 and

2020

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Photonics Market

REPORT DESCRIPTION

Photonics Market - Global Industry Analysis, Size, Share, Growth, Trends and

Forecast, 2014 – 2020

Transparency Market Research (TMR) has announced the release of a new market study based on

the global photonics market. The report estimates the market to expand at a CAGR of 5.8%

between 2014 and 2020 and reach a value of US$765.89 billion by the end of the term. The

market stood at US$509.75 billion in 2013.According to the report, titled “Photonics Market Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020”, increase in the

demand for highly capable and efficient electronic products and rise in data transfer volume are

the major driving forces behind the growth of the global photonics market. Further, photonicbased devices consume less electricity, which also drives the demand for these devices to a

significant extent. However, limited commercialization of photonic devices is hampering the

development of the global photonics market.

Browse the full Photonics Market report at

http://www.transparencymarketresearch.com/photonics-market.html

The report analyzes the global photonics market on the basis of the types of products and their

applications. Based on products, the market for wavelength division multiplexer filter is the

leading market in the global photonics industry. In 2013, the market stood at US$116.23 billion.

The rising demand for high-speed communication is the key growth driver of this market. In

addition to this, the market for amplifiers is...