OIDA Market Report
A Half-Trillion-Dollar Industry
As Tom Hausken notes, OSA’s estimate of world optics and photonics revenues for 2014 involves making some decisions about what constitute “optics-enabled products.”
Worldwide production of optics and photonics components and optics-enabled products. Source: OIDA (2015).
Based on preliminary 2014 production numbers, the OSA Industry Development Associates (OIDA)* estimates that revenues in optics and photonics reached US$480 billion in 2014—a US$27 billion increase from 2013, a new high, and good news for the industry. The moderate 6 percent year-to-year growth (relatively strong for such a sizable industry) indicates continued recovery from downturns in 2009 and 2012.
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