Info
Info
News Article

Photonics Worth £12.9B To The UK Economy

News

New figures show substantial value of light-based technology

The UK's Knowledge Transfer Network (KTN) and the Photonics Leadership Group (PLG) have reported that companies manufacturing light-based technology (photonics) in the UK contribute £12.9 billion to the country's economy.

This updated analysis of the UK photonics industry shows a rise of £2.4 bn since the last report in 2013, recording an average growth rate of 5.3 percent, which finds UK photonics to be growing at twice the speed of the rest of the UK economy.

This growth reflects the increasingly critical role that light plays in next-generation products and manufacturing. From the lasers used in automotive production to make cars lighter and safer, to the cameras that help to keep our streets safer, to the optics used to both diagnose and increasingly treat patients in hospitals, and from the LED lighting reducing our electricity bills; to the fibre optics powering the internet, light technology is everywhere and increasingly essential to our modern lives, albeit often hidden inside key services, goods and processes.

The UK's global reputation for innovation in photonics is reflected in the country's exports of over 75 percent of its manufactured output, one of the highest export fractions of any UK manufacturing industry.

Over 65,000 people are employed in some 1,500 photonics companies across the country. The UK photonics workforce contributes £62,000 Gross Value Add per employee to the economy, which as a measure of productivity is almost three times the national average.

The methodology, developed by KTN in conjunction with the PLG and the Future Photonics Hub, utilises a fully revised company list and expert industry input on apportionment of revenues of diversified companies to enable UK photonics industry figures to be updated on an annual basis.

The data will also provide the basis foundations for of a new online map of the UK photonics landscape. The map, to be published by the KTN later this summer, will allow visualisation of the industry by sub-sector and region, which confirms to demonstrate the broad wide geographical reach of this key enabling technology.

KTN and PLG acknowledge the support of the Future Photonics Hub and Cobalt60 in the preparation of this data.



AngelTech Live III: Join us on 12 April 2021!

AngelTech Live III will be broadcast on 12 April 2021, 10am BST, rebroadcast on 14 April (10am CTT) and 16 April (10am PST) and will feature online versions of the market-leading physical events: CS International and PIC International PLUS a brand new Silicon Semiconductor International Track!

Thanks to the great diversity of the semiconductor industry, we are always chasing new markets and developing a range of exciting technologies.

2021 is no different. Over the last few months interest in deep-UV LEDs has rocketed, due to its capability to disinfect and sanitise areas and combat Covid-19. We shall consider a roadmap for this device, along with technologies for boosting its output.

We shall also look at microLEDs, a display with many wonderful attributes, identifying processes for handling the mass transfer of tiny emitters that hold the key to commercialisation of this technology.

We shall also discuss electrification of transportation, underpinned by wide bandgap power electronics and supported by blue lasers that are ideal for processing copper.

Additional areas we will cover include the development of GaN ICs, to improve the reach of power electronics; the great strides that have been made with gallium oxide; and a look at new materials, such as cubic GaN and AlScN.

Having attracted 1500 delegates over the last 2 online summits, the 3rd event promises to be even bigger and better – with 3 interactive sessions over 1 day and will once again prove to be a key event across the semiconductor and photonic integrated circuits calendar.

So make sure you sign up today and discover the latest cutting edge developments across the compound semiconductor and integrated photonics value chain.

REGISTER FOR FREE

VIEW SESSIONS

×
Search the news archive

To close this popup you can press escape or click the close icon.
Logo
×
Logo
×
Register - Step 1

You may choose to subscribe to the PIC Magazine, the PIC Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in:
 
X
Info
X
Info
{taasPodcastNotification} Array
Live Event