Jun 09 2021
“With a global growth rate of CAGR 7 %, photonics is growing faster than many other high-tech industries, for example, the IT industry (4.5%), Medtech (4.9%), and Microelectronics (4%).” – Giorgio Anania
The Photonics industry has proved to be one of Europe’s most resilient and fast-growing industries in recent years growing at more than double the rate of global GDP outperforming other market sectors segments according to the new ‘Market Research Study – Photonics 2020’ by deep technology research group Tematys. Covering the period from 2015-2019, the industry grew at a CAGR of 7% per year and was worth €103 billion.
Job uptake significant
An additional 30,000 jobs, taking the total employee level to over 390,000 employees during this time, represented an annual growth rate of 2.1% - twice as fast as European Manufacturing for the EU28 (around a 1% CAGR), the analyst said.
New research published today shows European photonics is growing at more than double the rate of global GDP – outperforming EU GDP and EU industrial production by three and five times, respectively. Present in many high-end, next-generation products, photonics technologies have proved to be long-term drivers of growth through their indispensable role in future markets.
LA MUERTE DE STALIN elheraldodesaltillo.mx - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from elheraldodesaltillo.mx Daily Mail and Mail on Sunday newspapers.
Le canton de Bourbon-l'Archambault, il y a vingt ans : souvenirs, souvenirs ! lamontagne.fr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lamontagne.fr Daily Mail and Mail on Sunday newspapers.