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The photonics market was estimated at USD 659.28 billion in 2022 and is likely to grow at a CAGR of 7.05% during 2023-2028 to reach USD 993.56 billion in 2028.

Photonics is the technology of light and its application in generating, manipulating, detecting, and transmitting light. It is a multidisciplinary field that encompasses physics, electrical engineering, computer science, and materials science.

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