Electro Optics Market Projected to Reach $15.6 Billion By 2032 | Allied Market Research

The global electro optics market was valued at $10.2 billion in 2022, and is projected to reach $15.6 billion by 2032, growing at a CAGR of 4.5% from 2023 to 2032.

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Electro-optics is a branch of physics involving the study and application of devices that manipulate light through electrical fields, such as lasers, modulators, and sensors, pivotal in fields like telecommunications, medical imaging, and defense technology.