Photonics Industry & Technology Development Association According to the statistics of PIDA, the estimated value of the global photonics market in 2004 will reach US$ 203 billion (production value), a growth of 15% as compared to that of 2003. In the past few years, the average growth rate of the global photonics market was about 10%. The growth rate in 2004 is higher than the average growth rate, which means that the global economic condition is slightly better than that of the past few years.