The global photonics market is poised for remarkable growth, projected to reach $1,178.84 billion by 2030, expanding at a compound annual growth rate (CAGR) of 7.1%. This sector plays a crucial role in various industries, including telecommunications and healthcare.
Concurrently, the Asia-Pacific region's professional 3D camera market is anticipated to soar from $1 billion in 2020 to $21.06 billion by 2030, driven by key players like Canon and Matterport. Additionally, the smartphone 3D camera market is expected to surge to $26.1 billion by 2030, fueled by rising smartphone usage and demand in media.
The orthopedic devices market is also on an upward trajectory, projected to reach $68.51 billion by 2030, supported by increasing joint replacement procedures. Lastly, advancements in next-generation contact lenses and visual prostheses are set to transform vision correction, with significant growth anticipated between 2025 and 2032. These trends highlight a dynamic landscape across multiple technology-driven markets.
infobud.news is an AI-driven news aggregator that simplifies global news, offering customizable feeds in all languages for tailored insights into tech, finance, politics, and more. It provides precise, relevant news updates, overcoming conventional search tool limitations. Due to the diversity of news sources, it provides precise and relevant news updates, focusing entirely on the facts without influencing opinion. Read moreExpand
