Novus Light Home

Blog

7 Growth in biophotonics

The OSA Industry Development Associates (OIDA) today released its market report on the global optics and photonics community with a focus on the growth of biophotonics globally and the technology investments in the United States. The research also examines trends in optical communications and display markets. This market update, issued bi-monthly, is part of The Optical Society’s ongoing effort to characterize the global optics and photonics ecosystem and one of many member benefits available to members of the OSA Industry Development Associates.

The global biophotonics market is estimated to reach nearly $47 billion in sales of components and optics-based systems in 2015; a growth of 7 percent over 2014

“The global biophotonics market is estimated to reach nearly $47 billion in sales of components and optics-based systems in 2015; a growth of 7 percent over 2014,” stated Tom Hausken, senior advisor, The Optical Society. “Biophotonics will play a key role in the Obama Administration’s BRAIN Initiative and National Institutes of Health’s Precision Medicine Initiative. These initiatives are examples of the steps being taken towards inter‐agency cooperation, interdisciplinary research and information sharing which may lead to further growth.”

The report also provides an update on recent developments in the display market. This segment of the photonics industry represents over $180 billion in annual revenue, dwarfing other photonics segments. To date, display manufacturing is almost entirely in Asia with the largest manufacturers being Samsung LCD, LG Display, Innolux, Sharp Display and AU Optronics. In this broad-based industry, growth opportunities in niche segments are opening doors for alternative manufactures around the world.

Also featured in the report are details from an event hosted by OIDA on photonics for disaggregated data center networks. Disaggregation in the data center refers to the dis-integration of traditional server architecture to create modular, pooled resources – such as pooled microprocessors, memory or storage. Disaggregation improves efficiency and data capacity. Optical technologies are making progress toward enabling the disaggregated data center architecture by reducing cost and improving performance bandwidth provisioning between racks.

Labels: OIDA,OSA,optical,biophotonics,optical communications,display

Back Back to News
 

Illuminating Products

Copyright © 2017 Novus Media Today Group, LLC. All rights reserved. Website design and build by MM Design.