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According to recent figures published by deep technology research group Tematys, the European photonics industry is growing at a rate close to double that of the global GDP. The industry, a new report says, is outperforming the European Union (EU) GDP and EU industrial production by three and five times, respectively.
The new study looked at the industry’s figures between 2015 and 2019, which showed a CAGR of 7%. At the end of the period, the industry was worth over £100 billion (€119.79 billion and $146.01 billion).
In terms of employment figures, the European photonics industry outperformed the manufacturing sector across the continent. With a workforce numbering more than 390,000 and an annual growth rate of…READ MORE