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Nanophotonics Global Market Size, Growth, Trends And Forecast 2023-2032
Nanophotonics Global Market Report
The Business Research Company's Nanophotonics Global Market Report 2023 identifies The increasing demand for optical fibers and other telecommunication devices as the major driver for the nanophotonics market's growth in the forecast period. Adding nanoparticles to the optical fibers has allowed latest and most advanced features like improved refractive index, sensing, computation.
The global nanophotonics market size grew from $18.49 billion in 2022 to $24.82 billion in 2023 at a compound annual growth rate (CAGR) of 34.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The nanophotonics market size is expected to grow to $77.99 billion in 2027 at a CAGR of 33.1%.
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Major competitors in the nanophotonics market are Carbon Solutions, Cambrios Technologies, Catalytic Materials, Cnano Technology, Cree, LG Display, Nanocs, Nanocyl, Nanoco Technologies, nanoPHAB, Nanosys, Nanostructured & Amorphous Materials, OSRAM Opto Semiconductors, Philips Lumileds Lighting, QD Vision, Quantum Materials, TCL Display Technology, Sharp Corporation, Novaled GmbH, IBM Corporation.
A key trend in the nanophotonics market includes the innovative nanophotonic-enabled products. The demand for nanophotonic-enabled produces has increased in the past few years. Nanophotonic-enabled products include LES, OLEDs and others. These nanophotonic enabled products are also used in biotechnology, nanomedicine and also in optical diagnostics. For example, in January 2021, Thorlabs Inc., an American privately held optical equipment company, announced the product release to the SPDC810 product line that is expected to cater to the rapidly expanding quantum photonics field. High-intensity photon sources are important for quantum photonics in various applications, from basic photon-matter interactions to device characterization. Therefore, designers employ a fully integrated 405 nm pump source that is adjustable at the front end of a spontaneous parametric down conversion (SPDC) device to generate photon pairs above 450 kHz at 810 nm.
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The nanophotonics market is segmented -
•By Product: LED, OLED, NFO, Photovoltaic cells, Optical Amplifier, Optical Switches, Holographic Data Storage System
•By Material: Quantum Dots, Photonic Crystals, Plasmonic, Nanotubes, Nanoribbons
•By Application: Telecommunications, Entertainment, Consumer Electronics, Indicator And Signs, Lighting, Non-Visual Applications, Other Applications
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the nanophotonics market.
The Business Research Company's "Global Nanophotonics Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Nanophotonics Market Include:
1. Executive Summary
2. Nanophotonics Market Characteristics
3. Nanophotonics Market Trends And Strategies
4. Nanophotonics Market - Macro Economic Scenario
5. Nanophotonics Market Size And Growth
……
26. Africa Nanophotonics Market
27. Nanophotonics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Nanophotonics Market
29. Nanophotonics Market Future Outlook and Potential Analysis
30. Appendix
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