OIDA Market Report
The 100-Year View of Photonics: Part 1
OSA’s Centennial offers an opportunity to take a long view of our market and its impact on society.
Global laser sales have grown 1,000-fold in 50 years, amounting to an annual compounded growth rate of 15 percent. [Source: Laser Focus World, data collected and combined by OIDA, 2016]
The field of optics and photonics has grown from a small, passive-optics industry more than a century ago, when agriculture was still the largest economic sector, to a business worth more than US$400 billion per year today. And it’s still growing, albeit more slowly.
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