The testing and measurement equipment market size stands at an estimated USD 34.8 billion in 2023, and it is expected to grow at a compound annual growth rate of 4.8% during 2024–2030, to reach $47.9 billion by 2030. ...
The APAC solar street lighting market size stood at USD 2,315.9 million in 2023, and it is expected to advance at a compound annual growth rate of 16.4% during 2024–2030, to reach USD 6,691.2 million by 2030. ...
The low light imaging market size stood at USD 23,749 million in 2022, and it is expected to advance at a compound annual growth rate of 10.15% during 2022–2030, to reach USD 51,466 million by 2030. ...
The global grow lights market size was $1,481 million in 2021, and this number is expected to increase to $13,183 million by 2030, advancing at a CAGR of 28% during the forecast period. ...
The LED driver market size was valued at $8,710.9 million in 2021, and it is expected to reach $62,147.8 million by 2030, propelling at a growth rate of 24.4% during 2021–2030. ...
The global radiation hardened electronics market accounted for revenue of $1,539.1 million in 2021, and it is set to increase to $2,104.2 million by 2030, advancing at a CAGR of 3.5% during 2021–2030. ...
The global outdoor lighting market generated revenue of $10,352.1 million in 2020, and it is expected to grow at a CAGR of 7.0% during the forecast period (2020–2030). ...
The global emergency lighting market was valued at $5,386.0 million in 2020, and it is expected to showcase a CAGR of 6.4% during the forecast period (2021–2030). ...
The ambient lighting market size stood at $60.8 billion in 2019, and it is expected to grow at a 9.2% CAGR between 2020 and 2030. ...
The global solar street lighting market size is valued at $5.7 billion with sales of 1,545.9 thousand lighting units in 2019 and projected to witness a CAGR of 9.4% during the forecast period (2020–2030) ...
The photonics market revenue stood at $576.8 billion in 2019, and it is expected to rise to $1,214.5 billion by 2030, while demonstrating a CAGR of 6.9% during 2020–2030. ...
High power LED market revenue stood at $12,647.2 million in 2018, and it is projected to advance at a CAGR of 5.3% during 2019–2024. ...
The optical metrology market was valued at $1,989.2 million in 2017 and is forecasted to register a CAGR of 6.5% during 2018–2023. Rising demand for precise measuring tools and equipment for inspection of electronic chips in the semiconductor i...
The global IR LED market is projected to grow at a CAGR of 14.3% during the forecast period. An infrared light emitting diode (IR LED) refers to a SSL (solid-state lighting) mechanism that effuses light in the infrared range of the electromagnetic ra...
The global light amplification by simulated emission of radiation (Laser) technology market is expected to experience considerable growth during the forecast period due to its increasing demand from various sectors. The factors such as advancements i...
The global metrology services market is growing due to development of enhanced metrology services software packages, lack of applicability of existing measuring equipment, growing pressure on global infrastructure and resources, and lack of trained m...
The global nanophotonics market is growing, due to increasing application of the technology in optical communication, organic light emitting diodes (OLED) and light emitting diodes (LED). Additionally, the energy-efficient designs and large optical b...
The printed and organic lighting market has witnessed a rapid development from “Lab to fab” in past few years. The functional advantage, such as superior energy efficiency and ability to craft novel lighting products has increased the mar...
The global optical components and systems market is growing, due to the growth in demand for process automation among different industry verticals, increasing need for software in industrial automation, increasing applications of cloud computing in d...
The growing efficiency along with miniaturizing size of the optical MEMS components has increased their market penetration in the communication industry. Technically, the advantages such as superior transmission speed of signals between ranges of tra...
The global terahertz (THz) radiation devices and systems market is growing with a considerable rate, due to increasing popularity of techniques such as ultrasound and infrared (IR). Terahertz radiations are used to control, inspect, and monitor...
North America leads the plasma lamp market and is expected to lead in the coming years also. Building owners, government, utilities and other shareholders in the region are supporting the employment of plasma lamps on wider scale due to concern regar...
LED lights are widely used in variety of applications, which includes display and monitors, mobile devices, automotive lighting, signage, and others. According to Department of Energy (DOE), U.S., lighting accounts for about 20% of total commercial e...
Escalating demand for consumer electronics and rising government funds for military and defense are expected to increase the global IR detector market during forecast period. Moreover, decrease in the prices of IR detector owing to the advancement in...
The global lighting market is anticipated to witness high growth in the coming years, especially from the emerging solid state lighting technology. Long life, efficient design and low energy consumption of light emitting diodes has resulted into bett...
LiDAR is useful in providing accurate positions over large location areas. It also provides most precise location at significantly faster rate compared to some of the other traditional based approach. A high precision LiDAR system can calculate over ...