Insights from TEMATYS on the Dynamic Growth of Global and European Photonics Markets at Photonics Partnership Annual Meeting 2024
Tematys‘ Partner, Thierry Robin, recently participated in the Photonics Partnership Annual Meeting 2024 in Brussels organized by Photonics21. The event brought together industry leaders, researchers, and policymakers from around the world to discuss the future of photonics technology in Europe and beyond.
The meeting’s highlight was the presentation of Tematys’ global photonics market study titled “Insights into the Dynamic Photonics Market (2019-2022).” The study revealed significant growth in the photonics industry, with European production reaching €124.6 billion in 2022 and creating 35,000 jobs during the study period. Despite global economic challenges, the Photonics industry shows no signs of slowing down.
Some take-away messages from the report:
- The European photonics industry grew at 6.5%/year from 2019 to 2022 to reach €125 billion
- Europe shares 2nd position with the US with 15% of the market share
- Thanks to a very dynamic R&I, the European Photonics industry is still competitive and exports >50% of its products
- The majority of European photonics companies have still supply chain issues & rising supply costs, impacting competitivity and innovation capacity
- Europe’s market share has slightly declined from 2005 to 2022 along with a huge growth for China
- There is a huge gap in capital investment in Europe compare to US and Asia indicating a need for greater speed
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The meeting also included a panel discussion themed “Quo Vadis Photonics?” where experts discussed the role of Photonics in technological sovereignty, the European Chips Act, and international cooperation. The discussion was insightful and thought-provoking, highlighting the importance of collaboration and innovation in the Photonics industry.
Jacques Cochard also got to showcase one of TEMATYS’ European Projects, H2020 OPHELLIA at the Work Group 4 Meeting, focusing on “Climate, Mobility & Energy”. The meeting brought together 6 Work Groups focussing on Funding opportunities beyond Photonics Partnership calls & Photonics Partnership project presentations on various subjects.