The Indian laser market – your opportunity
India is emerging as a technology hub with its expertise in telecommunications, electronics, manufacturing, automotive and ancillary segments.
|The Indian Laser Market: Impressive figures|
- The Indian market for photonics is witnessing high growth also due to rising automation and development of new applications*.Indian is one of the fastest growing economies, with an expected economic growth rate of 7,4% in 2019.
- The Indian government has identified Photonics as a priority area (National Photonics Council, Department of IT).
- Indian is the best ranked country in the South Asian Region in the Easy of Doing Business Report 2019 after having jumped up 53 ranks in the past two years.
- The Indian market for photonics is witnessing high growth also due to rising automation and development of new applications*.
- The Indian laser industry is expected to grow at 19%CAGR to 1 billion EUR by 2020**.
Source: *Outlook and opportunities 2020: Laser in India by EAC International Consulting
**India Photonics Market: 2017 Study by Industry ARC and SPECTARIS