Journal of Research and Development
Open Access

Abstract

Market Analysis on Lasers, Optics and Photonics

Ephraim Suhir

There are almost 96 different photonics research laboratories and almost 1500 photonics companies in UK and all are emerging rapidly. The recent survey which was conducted by an agency of UK known as Photonics and Plastic Electronics Knowledge Transfer Network (PPEKTN), found that the total turnover of UK’s Photonics Industry is at least 8.8 billion dollars and employees more than 51,000 people. Strengthening the Industrial Activities in UK is one of the solid agendas of the government officials. They have introduced a board (Technology Strategy Board) whose main intension is to increase the productivity of such industries which offers greatest growth for boosting UK’s Economy. A key area was identified by the board which was a global market for consumer electronics and photonics products, which was valued at 291 billion dollars.