The Europe quantum processors market was valued at $262.7 million in 2023 and is expected to reach $1,321.1 million by 2033, growing at a CAGR of 17.53% between 2023 and 2033.
The global quantum processors market was valued at $1,070.9 million in 2023 and is expected to reach $5,019.4 million by 2033, growing at a CAGR of 16.70% between 2023 and 2033.
As research and development efforts continue to explore novel applications for photonics, the global PICs market is likely to witness further growth.
Global Lidar Market Anticipated to Reach $2,181.6 Million by 2025
The global NVMe market is projected to grow from $19.52 billion in 2020 to $115.35 billion by 2025, at a CAGR of 42.66% from 2020 to 2025.
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The global silicon photonics market accounted for $520.0 million in 2019 and is expected to reach $3.07 billion by 2025.
The SLAM technology industry analysis by BIS Research projects the market to grow at a significant CAGR of 49.41% on the basis of revenue during the forecast period from 2020 to 2030.
The global Li-Fi technology market is expected to grow at a CAGR of 71.2% in terms of value during the forecast period 2018-2028.
In 2017, the global market for silicon photonics devices generated a sales revenue of $543.4 million, which is estimated to reach $2,611.5 million by 2024.
The SLAM technology market accounted for a market value of $50.0 million in 2017 with robots platform holding the highest share.
The photonic crystals market is driven by a number of factors such as superior properties of photonic crystals, increasing demand from various end-use applications, as well as photonic crystals in LED.
The global silicon photonics market was estimated at $492.18 million in 2015, and is expected to grow at a rapid pace of 20.34% over the forecast period 2016-2022 to reach $1,676.10million by 2022. The growth in silicon photonics market over the period 2016-2022 is expected to be primarily supplemented by factors such as increasing demand for huge data transfer; rising demand for higher bandwidth
The global high speed camera market is worth $326.96 million in the FY2015 and is expected to grow at a decent rate during the forecast period of 2016-2022. The market has matured in developed regions such as North America and Europe and is gaining maturity in the APAC and Latin American region.
In 2017, the global market for silicon photonics devices generated a sales revenue of $543.4 million, which is estimated to reach $2,611.5 million by 2024.
The SLAM technology market accounted for a market value of $50.0 million in 2017 with robots platform holding the highest share.
The global silicon photonics market was estimated at $492.18 million in 2015, and is expected to grow at a rapid pace of 20.34% over the forecast period 2016-2022 to reach $1,676.10million by 2022. The growth in silicon photonics market over the period 2016-2022 is expected to be primarily supplemented by factors such as increasing demand for huge data transfer; rising demand for higher bandwidth
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Photonics (Optoelectronics)
Photonics (Optoelectronics) Market & Industry Overview
The photonics industry encompasses the development and application of technologies that manipulate and control light for various purposes. This includes sectors such as telecommunications, healthcare, energy, manufacturing, and defense. Photonics enables advancements in fields like fiber optics, laser technology, imaging and sensing, and optoelectronics. The industry is driven by the increasing demand for high-speed data transmission, advanced medical imaging systems, energy-efficient lighting, and autonomous vehicles. Key players in the industry include companies specializing in laser manufacturing, optical components, and photonics systems. Overall, the photonics industry is poised for significant growth as it continues to revolutionize various sectors with its wide-ranging applications and potential.
With wide applications in laser technology, the optoelectronics and photonics industry is still discovering the full potential of other emerging technologies in the sector. With BIS Research's extensive analysis and data visualization capabilities, we are on a mission to help companies to harness the power of data, evaluate the underlying opportunities, and maximize business value.
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