Optical and precision engineering in Germany
The world is growing extremely fast and with every passing day new demands and technologies are developing and giving hope to new industries. The Precision and Optical Engineering in Germany have emerged as one of the most important industries in the country’s industrial sector. With their extraordinary terms of growth and future prospects, these industries are offering a promising career to the youth. These industries are medium-sized but being in high demand it alone gives employment to about 213,000 people in more than 900 companies, making optical engineering in Germany a popular stream of study. The products manufactured in these industries have a wide scope; they are used in various other industries like IT, electronics or the health sectors. The high rate of growth of Precision Engineering and Optic Industry in Germany is evident with its clearly visible figures: in the year 2011. With respect to the previous year, the industry yielded overall revenue of €47 billion with an increase of 14 percent.
German products have superior build quality and finishing. They are in demand worldwide. In the year 2011, more than 62 percent of the product and technologies pertaining to Precision and Optical Engineering in Germany were exported. In the current times, USA and China are emerging as the most important export market other than European Union. Along with US and China, Russia and India too are gaining importance swiftly. One of the main reasons behind the very quick growth and high demand of precision engineering and optics industry is that it is being highly innovative. The precision engineering and optic industry include a large number of branches like medical technology and optical technologies. With their present growth the optical technologies particularly will increase their revenue by more than 16 percent in 2011.
The field of optical engineering in Germany is very wide including technologies such as opto-electronics, laser technology, digital imaging or measuring technology and optical communications. These industries are investing a large amount in research and development, along with close cooperation between large enterprises, research institutions and LMEs. Hence, the experts in the optical technology expect above-average growth in this industry in the future. The optics industry presently gives employment to 135,000 workers and expects to create 20,000 jobs by 2020.
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