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— Latest update: June 2024 —
Like electronics, photonics products are used in many different applications and a wide range of sectors. According to the experts in the sector, the development of devices based on photonic science are going to change our societies and our way of living. There are many applications related to photonics. Despite the decline in 2020 due to COVID-19, the global photonics market has demonstrated remarkable resilience, maintaining stable growth over the past three years. In 2022, the global photonics market was valued at €865 billion. This figure is projected to increase to $1,200 billion by 2027.
In 2022, Japan and Europe's market shares were estimated at 15% and 11%, respectively. Regarding product types, Europe, in 2022, excelled particularly in optical components and photonics for industry and healthcare. In contrast, Japan demonstrated significant strength in displays, photovoltaic (PV) systems, and LED production.
Photonics, Market Research Study Photonics 2019-2022, 2024
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The EU-Japan Centre currently produces 5 newsletters :
Joint venture established in 1987 by the European Commission (DG GROW) and the Japanese Government (METI) for promoting all forms of industrial, trade and investment cooperation between the EU and Japan.
The EU-Japan Centre’s activities are subject to the allocation of a Grant Agreement by the European Commission for 2024-2026
