Alcon acquires LumiThera for light-based treatment of AMD

Yole projects that the automotive camera module market will grow significantly by 2030, reaching a value of approximately $9BN. This surge in growth is mainly being driven by Chinese companies that continue to dominate the automotive lidar market. PhotonPath is also set to expand with a substantial boost of €5M in funding.

In the UK, the photonics industry has experienced a notable increase, with a turnover of £18.5 billion in 2024. However, the German photonics industry is concerned about a potential domestic downturn in the future.

In other news, AlconLIGHTSITE III is undergoing a clinical trial, while LumiThera and Valeda PBM are also making strides in the field. A major eyewear company is in the process of acquiring a majority stake in OCT diagnostics pioneer Heidelberg. Additionally, the first AMD patient has successfully received a retinal implant, marking a significant milestone in the field. PulseMedica has recently closed a seed round of funding worth $2.6M.

Overall, the photonics industry is experiencing significant growth, particularly in the automotive sector. Chinese companies are leading the way in innovation, while European companies are also making strides. The future of photonics looks promising, as new technologies and advancements continue to drive the industry forward.