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Nanophotonics Market Size, Business Opportunity and Future Demand by 2028 | IMARC Group
Nanophotonics Market Report 2023
Report Highlights
How big is the nanophotonics market?
The global nanophotonics market size reached US$ 13.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 22.1 Billion by 2028, exhibiting a growth rate (CAGR) of 8.5% during 2023-2028.
What is the nanophotonics?
Nanophotonics is a subfield of nanophysics that studies the interaction of photons with nanostructures. It involves the application of photonics at the nanometric scale, which enhances the field and leads to several optical phenomena adding new functionalities to photonic devices. It also includes metallic components that are capable of concentrating and conveying light through surface plasmon polaritons (SPPs), as well as quantum dots, nanotubes, nanoribbons, plasmonics, and photonic crystals. In addition, it manufactures electronics with higher functionalities, compressed size, longer operational lives, and improved data transmission speeds. Owing to these benefits, nanophotonics is widely adopted in lighting, telecommunication, consumer electronics and entertainment, bio-imaging, and digital signage applications across the globe.
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What are the growth prospects and trends in the nanophotonics industry?
The market is primarily driven by the rising demand for consumer electronics such as laptops, smartphones, wearable devices, tablets, personal computers (PCs), and smart devices. In addition, the increasing adoption of nanophotonic in the production of advanced electronics such as near-field optics, light-emitting diodes (LEDs), organic LEDs (OLEDs), photovoltaic (PV) cells, and optical components. Moreover, the development of ultra-thin nanomaterials and atomic-thin metal halides, which are used in sensitive optical sensors for detecting environmental gases, represents another major growth-inducing factor. Besides this, nanophotonics provides high thermal conductivity and modulation rate that improves the operational efficiency of devices and the quality of light produced. Furthermore, the widespread adoption of nanophotonics in biosensing, chemical, and information technology (IT) applications and extensive research and development (R&D) activities are creating a positive market outlook.
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What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Product Type:
LED
OLED
Near Field Optics
Photovoltaic Cells
Optical Amplifiers
Optical Switches
Others
Breakup by Nanophotonic Material:
Plasmonics
Photonic Crystals
Nanotubes
Nanoribbons
Quantum Dots
Others
Breakup by End Use:
Telecommunication
Consumer Electronics and Entertainment
Digital Signage
Lighting
Bio-Imaging
Others
Breakup by Region:
North America (U.S. Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East Africa
Who are the key players operating in the industry?
The report covers the major market players including:
Anders Electronics PLC
Cree Inc., Nanosys Inc.
Novaled GmbH (Samsung SDI Co.)
OSRAM Opto Semiconductors GmbH
Lumileds Holding B.V.
Schott AG
Sharp Corporation
STMicroelectronics N.V.
Veeco Instruments Inc.
WITec Wissenschaftliche Instrumente and Technologie GmbH.
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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC Group's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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