According to PS Market Research, the global nanophotonics market is growing due to increasing application of the technology in optical communication, LED and OLED. The European market is growing with the highest rate due to large consumer base for the nanophotonic devices in the region and huge investment in research and development due to the increasing number of application areas of nanophotonic is also supporting the growth of the European market . The nanophotonics market is expected to reach USD 99.44 billion by 2027 according to Data Bridge Market Research. This corresponds to a forecasted market growth of 32.5%.¹ 

¹Data Bridge Market Research. (2020). Global nanophotonics market – Industry trends and forecast to 2027. Available at: https://www.databridgemarketresearch.com/reports/global-nanophotonics-market