The report "Photonics Market by Product Type (LED and Lasers, Detectors, Sensors & Imaging Devices), Application (ICT and Production Tech.), End-Use Industry (Media, Broadcasting & Telecommunication and Consumer & Business Automation) - Global Forecast to 2023", The growth of this market is driven by the increased demand from applications such as displays, information & communication technology, photovoltaic, medical technology & life sciences, measurement & automated vision, lighting, and production technology. Growing demand for technologically advanced product owing to digitalization, development of smart infrastructures and adoption of smart manufacturing are driving the market. Photonics Market is projected to grow from USD 520.0 billion in 2017 to USD 780.4 billion by 2023, at a CAGR of 7.0 % during the forecast period.
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