Photonic Crystals Market Revenue Poised for Significant Growth During the Forecast Period of 2020-2027

Market Size – USD 54.80 billion in 2019, Market Growth - CAGR of 8.2 %, Market Trends – The rise in the applications of LEDs, images sensors, laser, and solar cells.

The report talks about the shift in demands and emerging trends that are expected to drive the growth of the Photonic Crystals market. The rising demand for the Photonic Crystals market is expected to drive the demand for Photonic Crystals market, thereby bolstering the growth of the industry. Moreover, the report also studies the impact of the COVID-19 pandemic on the market.

The global Photonic Crystals Market is forecasted to be worth USD 99.26 Billion by 2027, according to a current analysis by Emergen Research. Due to the growing use of photonic crystal because of improved properties than metal products, the Photonic Crystals market is anticipated to expand significantly. Besides, the growing proliferation of small-size displays is anticipated to also stimulate market growth. The increasing demand for the display of photonic crystals in the LEDs due to less power usage is expected to fuel the market growth shortly.

However, it is anticipated that expensive photonic crystal-associated solutions will impede market growth over the forecasted period.

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Some Key Highlights from the Report

  • In January 2019, Micron Technology, Inc., has announced that it is exercising its right to acquire Intel's stake in the partnership of the firms, IM Flash Technologies, LLC. The acquisition of IM Flash will help Micron to improve its research and development activities and optimize its 3D XPoint production plan.
  • Due to the dimensionally cross-sectional architecture, like hexagonal lattice and cubic lattice, the Two-Dimensional Photonic segment is expected to hold the largest market with a CAGR of 8.8% during the forecasted timeline.
  • Due to the superior capabilities of controlling light flow and architecture versatility by acquiring specific properties, the optical fiber segment is accounted for the largest market throughout the forecasted period.

Key participants include Corning Inc., Epistar Corp., Micron Technology, Inc., Opalux Inc., TDK Corporation, Rohm Co., Ltd., Luminus Devices Inc., ICx Photonics, Inc., NKT Photonics Inc., and Palo Alto Research Center, among others.

Market Taxonomy:

Chapter 1: Methodology Scope

  • Definition and forecast parameters
  • Methodology and forecast parameters
  • Data Sources

Chapter 2:

Executive Summary

  • Business trends
  • Regional trends
  • Product trends
  • End-use trends

Chapter 3:

Industry Insights

  • Industry segmentation
  • Industry landscape
  • Vendor matrix
  • Technological and innovation landscape

Chapter 4:

Company Profile

  • Business Overview
  • Financial Data
  • Product Landscape

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Emergen Research has segmented the global Photonic Crystals Market on the basis of type, application, end-use, and region:

Type Outlook (Revenue, USD Billion; 2017-2027)

  • One-Dimensional Photonic
  • Two-Dimensional Photonic
  • Three-Dimensional Photonic

Application Outlook (Revenue, USD Billion; 2017-2027)

  • Image Sensors
  • Solar PV Cells
  • LEDs Displays
  • Optical Fibers
  • Discrete Integrated Optical Components Lasers
  • Others

End-Use Outlook (Revenue, USD Billion; 2017-2027)

  • Manufacturing
  • Healthcare
  • Aerospace Defense
  • Industrial
  • Others

Geographical Segmentation:

The latest research report entails an in-depth analysis of the current growth opportunities for various regions of the Photonic Crystals Market, gauging their revenue share over the forecast timeline. Furthermore, the report analyses the year-on-year growth rate of these regions over the forecast duration. The leading market regions profiled in the report are North America, Europe, Asia Pacific, Latin America, and Middle East Africa.

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The report addresses the following key points:

  • The report provides a forecast of Photonic Crystals market drivers, restraints, and future opportunities for the Photonic Crystals market
  • The report further analyses the changing market dynamics
  • Regional analysis and segmentation of the Photonic Crystals market with analysis of the regions and segments expected to dominate the market growth
  • Extensive competitive landscape mapping with profiles of the key competitors
  • In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
  • Photonic Crystals market in North America accounted for largest revenue share in 2021.

Thank you for reading our report. Customization of the report is available. To know more, please connect with us, and our team will ensure the report is customized as per your requirements.

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