Press release
Photonic Crystals Market Size is Expected To Reach US$ 89.1 Billion by 2028, At 8.13% CAGR
Photonic Crystals Market 2023-2028
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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.
Photonic Crystals Market Trends and Drivers:
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.
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Global Photonic Crystals Market 2023-2028 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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) and Teledyne Technologies Incorporated.
The report has segmented the market on the basis of region, type, application and end user.
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 (R&D)
• Others
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
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Key highlights of the report:
• Market Performance (2017-2022)
• Market Outlook (2023- 2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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