IMARC Group, a leading market research company, has recently releases report titled “Photonic Crystals Market Report by Type (1-D Photonic Crystals, 2-D Photonic Crystals, 3-D Photonic Crystals), Application (Optical Fiber, LED, Image Sensor, Solar and PV Cell, Laser, Discrete and Integrated Optical Component, and Others), End User (Industrial, Aerospace and Defense, Life Sciences and Healthcare, Research and Development (RD), and Others), and Region 2024-2032", Offers a comprehensive analysis of the industry, which comprises insights on the global photonic crystals market.
How Big is the Photonic Crystals Market??
The global photonic crystals market size reached US$ 58.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 112.4 Billion by 2032, exhibiting a growth rate (CAGR) of 7.3% during 2024-2032.
Industry Overview of Photonic Crystals
Photonic crystals, also known as photonic band gap materials, refer to a periodic optical nanostructure that can control light. They are widely available as one, two, and three-dimensional (1D, 2D, and 3D) photonic crystals and assist in offering unprecedented control over light behavior. They are utilized in optical fiber, light-emitting diodes (LEDs), image sensors, solar and photovoltaic (PV) cells, lasers, and discrete and integrated optical components. As a result, photonic crystals are employed in the industrial, aerospace, defense, and healthcare industries across the globe.
What are the growth prospects and trends in the photonic crystals industry?
At present, the rising utilization of photonic crystals in LEDs and image sensors represents one of the key factors supporting the growth of the market. Besides this, the growing adoption of photonic crystals for trapping solar energy for its more effective usage is offering a positive market outlook.
Additionally, various benefits offered by photonic crystals, such as unusual optical dispersion and control over light behavior, is offering lucrative growth opportunities to industry investors. Apart from this, the increasing utilization of small-screen displays in the electronic industry is positively influencing the market.
Furthermore, the rising demand for green photonics due to increasing environmental concerns about reducing carbon dioxide (CO2) emissions is strengthening the market growth.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/photonic-crystals-market/requestsample
Leading Companies Operating in the Global Photonic Crystals Industry:
- Corning Incorporated
- Furukawa Electric Co. Ltd.
- GLOphotonics SAS
- Gooch Housego
- Hamamatsu Photonics K.K.
- IPG Photonics Corporation
- NKT Photonics A/S
- Opalux Inc.
- Palo Alto Research Center Incorporated (Xerox Corporation)
- Photonic Lattice Inc. (Photron)
- Teledyne Technologies Incorporated
Photonic Crystals Market Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Type:
- 1-D Photonic Crystals
- 2-D Photonic Crystals
- 3-D Photonic Crystals
Breakup by Application:
- Optical Fiber
- LED
- Image Sensor
- Solar and PV Cell
- Laser
- Discrete and Integrated Optical Component
- Others
Breakup by End User:
- Industrial
- Aerospace and Defense
- Life Sciences and Healthcare
- Research and Development (RD)
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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