Photonic Crystals Market Scope
Photonic Crystals are the optical nanostructures that control the reaction of photons in the form of structural coloration. These crystals are used in a variety of applications ranging from manufacturing LEDs Displays, Image Sensors, Optical Fibers, Solar & PV Cells, Discrete & Integrated Optical Components Lasers, and Many Others. Over the past few decades, the global electronics industry has experienced robust technological advancements. Furthermore, rising demand for photonic crystals in display segments and optical fibers will contribute towards the lucrative growth of the global photonic crystal market.
The market study is being classified by Type (Three-Dimensional Photonic Crystals, Two-Dimensional Photonic Crystals and One-Dimensional Photonic Crystal), by Application (LEDs Displays, Image Sensors, Optical Fibers, Solar & PV Cells, Discrete & Integrated Optical Components Lasers and Others) and major geographies with country level break-up. According to AMA, the Global Photonic Crystals market is expected to see growth rate of 8.54% and may see market size of USD24.65 Million by 2024.
The Players having a strong hold in the market are Advance Photonic Crystals, Corning Incorporated, Fianium, FLIR Systems and Furukawa. Research Analyst at AMA predicts that United States and European Players will contribute to the maximum growth of Global Photonic Crystals market throughout the predicted period.
Advance Photonic Crystals LLC (United States), Corning Incorporated (United States), FLIR(r) Systems, Inc. (United States), Furukawa Co., Ltd. (Japan), GLOphotonics SAS (France), Lightwave Power, Inc. (United States), MicroContinuum Inc. (United States), NKT Photonics A/S (Denmark), Opalux Inc. (Canada) and Photonic Lattice, Inc. (Japan) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are IPG Photonics Corporation (United States), The Furukawa Electric Co., Ltd. (Japan) and Photeon Technologies GmbH (Austria).
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Photonic Crystals market by Type, Application and Region.
On the basis of geography, the market of Photonic Crystals has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
On 11 November 2019, due to the increasing demand in China, NKT Photonics has expanded its facilities in Shenzhen and established a full Sales, Service and Support Center. In tandem, our Chinese support team has also been increased to ensure efficient local sales and service to customers in the region.
Market Trend
- Increasing Demand for Photonic Crystals in the Optics, Optoelectronics, Quantum Engineering Solutions
- Introduction to Photonic Crystals in Optical Fibre Connections will Minimize the Communication Issues
Market Drivers
- Photonic Crystals Deliver Comparatively Enhanced Properties than the Metal Products
- Enables Light Reflections to the in the Specific Frequency Range
Opportunities
- Comparatively Superior Electromagnetic Resistance will Increase the Demand for Photonic Crystals
- Increasing Prevalence of Small Size Displays across Electronics Industry
Restraints
- Expensive Solutions Associated with Photonic Crystals might Stagnate the Demand
- Complexities Associated with Photonic Crystal Extraction
Challenges
- Increasing Raw Material Costs and Availability of the Cheaper Product Substitutes
Key Target Audience
Photonic Crystals Manufacturers, Photonic Crystals Distributors and Suppliers, Government Agencies, Research and Development Institutes, Photonic Crystals International Traders, Upstream and Downstream Buyers, Government Agencies and Others
Customization available in this Study:
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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