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India’s photonics market projected to hit $10 billion by 2031

India’s photonics market projected to hit $10 billion by 2031
India’s photonics market expected to reach $10 billion by 2031 · thehindubusinessline.com

Photonics is technology that uses light to move information quickly.

India’s photonics market is currently worth about $2.5 billion.

It could grow to $10 billion by 2031.

Data centers and other electronic devices are creating more demand for faster connections.

AI data centers may need connectors that can move much more data than current systems.

The Indian Photonics Association was created to bring companies, researchers and policymakers together.

GX Group plans to start making photonics equipment at a new facility in December.

Supporters say these efforts could help India become a major photonics manufacturing and innovation hub.

Key facts

Current market size
About $2.5 billion
Projected market size
$10 billion by 2031
Expected growth
Fourfold
Indian Photonics Association membership
65 members
Current connector speeds
10–40 gigabits per second in Indian data centers
Expected AI data-center speeds
100–400 gigabits per second
GX Group investment
Rs 500 crore in its advanced photonics facility
Planned facility launch
Manufacturing operations are scheduled to begin in December

Quotes

Ashwini Aggarwal

Secretary general of the Indian Photonics Association

“The present direct market for photonics in India is around USD 2.5 billion. It is expected to grow by 4 fold to USD 10 billion by 2031. The photonics technology will enhance speed and reliability in electronics products. We will work with industry, government and other stakeholders to make the Indian ecosystem lead the global ecosystem in photonics.”
thehindubusinessline.com
“India can be self-reliant in photonics technology if all efforts from industry and government are made in time. Instead of buying technology, it is time for India to catch up with the world. Industry bodies like IPA can help us collaborate and work in sync with each other.”
thehindubusinessline.com

Sources

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