Nanophotonics-Advanced Technologies Market Size Worth USD 31.10 Billion in 2032 | Emergen Research

The global nanophotonics-advanced technologies market size was USD 13.77 Billion in 2022 and is expected to register a revenue CAGR of 8.5% during the forecast period, according to the latest analysis by Emergen Research. Rising demand for optical communication and optoelectronics, rising demand for miniaturization of devices especially medical devices, and rising demand for energy-efficient products are a few of the major factors driving the market revenue growth.

Increasing Research & Development (R&D) initiatives for various applications of nanophotonics especially in quantum technologies and miniaturization of devices along with substantially high-value funding are further driving revenue growth of the market. On 17 November 2022, Syzygy Plasmonics, which is a Houston-based startup driven by technology developed by Rice University, received a funding of USD 76 million in Series C financing led by Carbon Direct Capital, which is one the largest rounds of funding for ventures stemming by Rice lab.

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Conventional fiber-optic cables utilize light pulses for data transmission, but encounter speed and capacity constraints. Nanophotonic devices, at a smaller scale, provide improvements in data transmission speed and capacity. Such innovation is expected to drive faster internet, efficient data centers, and high-capacity networks, thereby driving revenue growth of the market. Integration of nanophotonics into solar cell technology, especially through metallic nanoparticles, is considered one of the popular approaches to enhance light capture and develop plasmonic solar cells. Economically feasible fabrication of these nanoparticles, with a wide absorption spectrum across solar wavelengths, makes them ideal for photovoltaics.

Based on the competitive landscape, the market report analyzes the key companies operating in the industry:

Nanosys Inc., Anders Electronics PLC, SAMSUNG SDI CO., LTD., ams-OSRAM International GmbH, Lumileds Holding B.V., Sharp Corporation, SCHOTT, Oxford Instruments, STMicroelectronics, and Veeco Instruments Inc.

Additionally, the report covers the analysis of the key players in the industry with a special focus on their global position, financial status, and their recent developments. Porter's Five Forces Analysis and SWOT analysis have been covered by the report to provide relevant data on the competitive landscape.

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Some Key Highlights From the Report

• The Light Emitting Diode (LED) segment is expected to register a significantly fast revenue growth rate over the forecast period. A longer lifespan than incandescent bulbs, almost 25 times longer, is one of the major factors creating a high demand for LEDs. High-quality LED light bulbs exhibit longer lifespans, increased durability, and provide equivalent or superior lighting quality when compared to alternative lighting options. In residential settings, LEDs consume a minimum of 75% less energy and have a lifespan of up to 25 times that of incandescent lighting.

• The quantum technologies segment is expected to register a moderately fast revenue growth rate in the global nanophotonics-advanced technologies market over the forecast period. Nanophotonics is driving progress in quantum computing, which is a field poised to transform computation by executing intricate calculations at unprecedented speeds.

• The telecommunications segment is expected to register a significantly fast revenue growth rate over the forecast period. High-speed data transmission, rapid adoption of 5G, and high penetration rate of fiber optics are a few of the major factors creating a high demand for nanophotonics in telecommunications sector.

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Emergen Research has segmented the global nanophotonics-advanced technologies market on the basis of product type, material, application, industry, and region:

• Product Type Outlook (Revenue, USD Billion; 2019-2032)
o OLED
o LED
o Photovoltaic cells
o Optical switches
o Near field optics
o Others

• Material Outlook (Revenue, USD Billion; 2019-2032)
o Nanotubes
o Plasmonic
o Quantum dots
o Nanoribbons
o Photonic crystals
o Others

• Application Outlook (Revenue, USD Billion; 2019-2032)
o Quantum technologies
1. Quantum Communication
2. Quantum sensing
3. Others
o Sensors & detectors
1. LiDAR sensor
2. Optical Sensor
3. Others
o Optical communications
o Medical Imaging
o Environmental monitoring
o Energy harvesting
o Digital signage
o Lighting
o Others

• Verticals Outlook (Revenue, USD Billion; 2019-2032)
o Retail
o BFSI
o IT and telecommunications
o Manufacturing
o Healthcare
o Energy & Utilities
o Government & Defense
o Others

• Regional Outlook (Revenue, USD Billion; 2019-2032)
o North America
1. U.S.
2. Canada
3. Mexico
o Europe
1. Germany
2. France
3. U.K.
4. Italy
5. Spain
6. Benelux
7. Rest of Europe
o Asia Pacific
1. China
2. India
3. Japan
4. South Korea
5. Rest of APAC
o Latin America
1. Brazil
2. Rest of LATAM
o Middle East & Africa
1. Saudi Arabia
2. UAE
3. South Africa
4. Turkey
5. Rest of MEA

Browse Summary of the Nanophotonics-Advanced Technologies Industry Analysis Report@ https://www.emergenresearch.com/industry-report/nanophotonics-advanced-technologies-market

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