The United States Photonics Market is expected to witness a CAGR of 7.1% during the forecast period. Photonics is widely regarded as a critical enabling technology for developing smart systems that efficiently use energy without sacrificing overall system efficiency. Many verticals, including healthcare, automotive, communications, manufacturing, and retail, are leveraging the technology to attain higher efficiency, driving growth.
The United States Photonics Market is moderately fragmented with significant players like Finisar corporation (II-VI Incorporated), Infinera Corporation, Coherent, Inc., etc. The market players are striving to get a sustainable competitive advantage through innovation.
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