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Photonic Crystals Market

Photonic Crystals - Global Market Outlook (2019 -2027)

4.5 (86 reviews)
Published: March 2021 ID: SMRC20265
4.5 (86 reviews)
Published: March 2021 ID: SMRC20265

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Photonic Crystals Market is accounted for $12.80 billion in 2019 and is expected to reach $32.84 billion by 2027 growing at a CAGR of 12.5% during the forecast period. Rise in demand of photonic crystals in light emitting diodes (LED), growth in research and development (R&D) activities, and novel properties of photonic crystals are the major factors propelling the market growth. However, factors such as costly photonic crystal-associated solutions, and challenges associated with the formulation of these crystals are hampering the market growth.

Photonics is the technology that merges optics with electronics. Photonic crystals also known as photonic band gap materials are the periodic optical nanostructure affecting the motion of photons. It occurs in the nature in form of animal reflectors and structural coloration and in different forms with the range of applications. Photonic crystals can be used to control emission and propagation of light. These crystals received attention of both academic & industrial research, and are providing new tools for the manipulation of photons. This technology enables reflections of light in a certain frequency range, which is expected to escalate the demand for this technology shortly.

Based on type, the two-dimensional segment is going to have a lucrative growth during the forecast period owing to its dimensional cross-sectional design, comprising hexagonal lattice and square lattice. Due to its simple analysis coupled with the fast formulation of products, the domination of the segment is expected to be the constant. The difficulty lies in three-dimensional manufacturing that would further boost the market for two-dimensional photonic crystals.

By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the increase in research initiatives to examine the optical properties of photonic crystals and their uses in practical applications. Furthermore, growth in number of research groups and increase in government support are the major factors that boost the market growth. China, Japan, Korea, and Australia are the major countries in the Asia-Pacific photonic crystals market.

Some of the key players profiled in the Photonic Crystals Market include Corning Incorporated, Dk Photonics Technology Limited, Furukawa Electric Co., Ltd., Glophotonics, Gooch & Housego Plc, Hamamatsu Photonics K.K., IPG Photonics Corporation, Labsphere, Inc., Lockheed Martin Corporation, Luxtera, Inc., Microcontinuum, Inc., Mks Instruments, Inc., Neophotonics Corporation, Nkt Photonics A/S, Opalux Inc., Photonic Lattice, Inc., Technica Optical Components, Llc, and Teraxion.

Types Covered:
• One-Dimensional
• Two-Dimensional
• Three-Dimensional

Applications Covered:
• Optical Fiber
• Light Emitting Diode (LED) Display
• Image Sensor
• Solar & Photovoltaic (PV) Cell
• Laser and Super Continuum Sources
• Discrete & Integrated Optical Component
• Biosensors

End Users Covered:
• Aerospace & Defense
• Industrial
• Life Sciences & Healthcare
• Manufacturing
• Research and Development (R&D)

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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