Dates: March 9 – 11, 2009
Location: Washington, DC
Venue: Marriott Washington
URL: http://www.securityphotonics.com
Contact: michael.robert@pira-international.com
Description: The market for photonics in security and biometrics applications is expanding rapidly. In 2004, the Photonics Leadership Group valued the defense photonics market at $950 billion. This figure is expected to grow by more than 50% to $2054 billion by 2015, exhibitng a compound annual growth rate of 6.7%. With global defense expenditure only expected to increase in coming years the photnics for defense and security sector should continue to demonstrate impressive growth. The graph below forecasts global defense expenditure through 2015 while also detailing the percentage of expendtiure that is expected to be allocated specifically to photonics based technologies and applications.