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30 June 2015
OSA Industry Development Associates Forecasts Seven Percent Growth in Global Biophotonics Sales
OSA Industry Development Associates Forecasts Seven Percent Growth in Global Biophotonics Sales
OSA Industry Development Associates Forecasts 7% Growth in Global #Biophotonics Sales: http://t.co/37Lc6XGEFd pic.twitter.com/AuJrtEnfq9
— OSA (@OpticalSociety) July 1, 2015
“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.
About OSA Industry Development Associates
The OSA Industry Development Associates (OIDA) serves and represents the optics and photonics community of more than 260 corporate members. Members include the leading providers of optics and photonics components and systems and leading universities and research institutions. OIDA provides roadmap reports and market data for the industry, serves as the voice of the industry to government and academia, acts as a liaison with other trade associations worldwide and provides a network for the exchange of ideas and information within the optics and photonics community. To learn more about a corporate membership with OIDA, visit: OIDA Membership.
About The Optical Society
Founded in 1916, The Optical Society (OSA) is the leading professional organization for scientists, engineers, students and entrepreneurs who fuel discoveries, shape real-life applications and accelerate achievements in the science of light. Through world-renowned publications, meetings and membership initiatives, OSA provides quality research, inspired interactions and dedicated resources for its extensive global network of optics and photonics experts. OSA is a founding partner of the National Photonics Initiative and the 2015 International Year of Light. For more information, visit: www.osa.org.
Editors Note: A full report is available to credentialed media upon request.
Media Contact:
OSA Media Relations
