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OverviewAPI
The Photonics market, valued at USD 592.2 billion in 2023, is expected to double by 2030, driven by a 7.2% CAGR. Photonics technology has transformed sectors like healthcare and communication, with notable advancements in medical fields like ophthalmology. Asia-Pacific, led by China, dominates the market. Key players such as Trumpf and Hamamatsu Photonics drive innovation, with recent launches in horticulture lighting and microscopy technology.

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