IoT provides a market for photonics

The IoT, which is expected to reach $70bn by 2018 (source: ‘Technologies and Sensors for the Internet of Things’ report, Yole Developpement, June 2014), is considered one of the next major market opportunities for photonics.

“Photonics is finally getting closer to the consumer,” said Thierry Thevenin, Head of the Invest in Photonics organising committee. “Beyond broadband access, smartphones and tablets or laser eye surgery, people will start to see more photonics-based diagnostics equipment used to treat age and life-style related diseases. Among key developments on the rise are wearable computing and intelligent lighting. One of the main issues we’ll be addressing at this year’s event will be how to invest correctly in R&D to pursue the various applications that will impact our lives and transform society. At Invest in Photonics, influential global players provide those insights that participants can turn into profitable and saleable ventures.” 

“Photonics is one of the key enabling technologies for Europe and the rest of the world. Access to financing is probably the number one barrier in the development of a huge range of new products and companies. So the topic is absolutely critical,” said Paul Thurk, Managing Director of the European office of Arch Venture Partners. “Invest in Photonics brings capital and good ideas together to help solve that problem.”