Press release
Photonic Crystals Market - Global Industry Analysis 2016 - 2024
The advent of multiple technological advances has helped the photonic crystals market present a diverse and expanding range of potential applications. Some of the most common applications of photonic crystals in displays include LEDs, optical fibers, image sensors, laser and super continuum sources, solar and PV cells, integrated and discrete optical components, and biosources. Of these, the optical fiber segment accounts for a dominant share of the global photonic crystal market. The demand for photonic crystals in optical fiber is likely to achieve significant growth by 2024.
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The report provides an analytical overview of the global photonic crystals market, identifying the key growth drivers, market restraints, and prospective opportunities. Information included in the report is sourced through primary and secondary research methods and is evaluated using analytical tools such as SWOT analysis and Porter’s five forces analysis.
Overview of the Photonics Crystal Market
Apart from its wide range of applications in displays, photonic crystals are also used in the manufacture of thin-film optics that require low or high reflection coatings over mirrors or lenses. Since optical crystals have up to three dimensions, they have also found application in applied and fundamental research. Meanwhile, photonic crystals with two dimensions are mostly used for commercial purposes.
Despite the fact that photonic crystals can be used for diverse industrial and commercial applications, difficulties associated with usage and extraction of photonic crystals is impeding growth of the global photonics crystal market. The low level of adoption of this technology is also attributed to the physical limitations and questionable efficiency of photonic crystals. However, gradually increasing use of photonics crystals in the optical fiber and display segments is expected to boost the photonic crystals market in the near future.
The market for photonics crystals is likely to witness an upswing in industrial demand across several verticals and applications. On the basis of their versatility, photonic crystals possess potential for usage in various industries related to display and optics. The growth trajectory of the industry will depend to a large extent upon the approach adopted by stakeholders at different levels. The simplicity of the fundamental technology of photonic crystals is expected to open up new avenues of industrial application.
Companies mentioned in the research report
The leading players in the market listed in the report are Palo Alto Research Center (PARC), Opalux, Corning Incorporated, Sandia and Lockheed Martin, Photonic Lattice Inc., Microcontinuum and Lightwave Power, ICX Photonics, Epistar, Fianium, TDK Corporation, OmniGuide, Micron Technology, Luxtaltek Corporation, Canon Kabushiki Kaisha (Canon), Advanced Photonic Crystals (APC), Furukawa Electric, L.P. (HP Labs), Photeon Technologies GmbH, Philips Lumileds Lighting Company, LG Innotek, NKT Photonics, Samsung LLC, Panasonic, Hewlett-Packard Development Company, Luminus Devices Inc., Xerox Corporation, Ltd, SRU Biosystems, NEC Corporation, NeoPhotonics, Obducat, Rohm Co., and Agilent Technologies.
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