Dublin, Aug. 22, 2017 (GLOBE NEWSWIRE) -- The "Global Photonic Crystals Market - Analysis & Forecast - 2017 to 2021 Focus on Type; Applications and Region" report has been added to Research and Markets' offering.
The global photonic crystals market is expected to reach $53,607.1 million by 2021, growing at a CAGR of 8.5% between 2017 and 2021.
The photonic crystals market is primarily segmented by type, application, end-use industry and geography. The major categories by type include one-dimensional, two-dimensional and three-dimensional. The major applications include optical fiber, LED, image sensor, solar & PV cell, laser, and discrete and integrated optical components application, among others. The major end-use industries include industrial, aerospace & defense, life sciences & healthcare and others (research & development). By geography, the global photonic crystals market is segmented into Asia-Pacific, North America, Europe, Middle-East & Africa and South America.
The photonic crystals market is driven by a number of factors such as superior properties of photonic crystals, increasing demand from various end-use applications, as well as photonic crystals in LED. However, fabrication of 3D photonic crystals is hampering the growth of the photonic crystals market. Substantial investment in research & developmental activities, increasing demand of photonic crystals in solar & photovoltaic cell, especially in the emerging economies such as India, China, and Brazil, are expected to create opportunities in the photonic crystals market.
The photonic crystals market is segmented into three types: one-dimensional, two-dimensional and three-dimensional. The two-dimensional photonic crystal dominated the global photonic crystals market with a market share of approximately 66.5% in 2016. During the forecast period, the 3D photonic crystals market is expected to grow at a faster rate in comparison to other photonic crystals. Factors such as wider variety of applications are further aiding the market growth.
On the basis of application, photonic crystals market is segmented into seven major applications which include optical fiber, LED, image sensor, solar & PV cell, laser, discrete and integrated optical components and others. The optical fiber application segment dominated the global photonic crystals market with a market share of approximately 33.7% in 2016. The rising demand for fiber optics is due to the increase in the demand of the smartphone, since it utilizes optical fibers for LED light.
Solar & PV application segment is expected to register the highest CAGR in the forecast period. This is because solar energy is one of the potential options to replace fossil fuels, as it is pollution free and also, available in abundance. Further, the solar cell or PV cells are also used to convert solar energy into electricity. Photonic crystals are used to stimulate enhanced light trapping in solar cells to make use of solar energy.
On the basis of end-use industry, photonic crystals market is divided into four segments which include industrial, aerospace & defense, life sciences & healthcare & others (research & development). Industrial segment dominated the global photonic crystals market. This dominance is expected due to the increase in the usage of photonic crystal in telecommunication, electronics, laser, and solar energy based products, among others, as photonic crystals are used to stimulate enhanced light trapping to make use of solar energy.
Key Topics Covered:
Executive Summary
1 Research Scope and Methodology
2 Market Dynamics
2.1 Introduction
2.2 Market Drivers
2.2.1 Superior Properties
2.2.2 High Demand from varied End-use Applications
2.2.3 Rise in Demand of Photonic Crystals in LED
2.3 Market Restraints
2.3.1 Fabrication of 3D Photonic Crystal
2.4 Market Opportunities
2.4.1 Growing Demand in Emerging Economies
2.4.2 Huge Investment in Research & Development Activities
2.4.3 Rise in demand of Photonic Crystals in Solar & PV Cell
3 Competitive Insights
3.1 Player Share Analysis
3.2 Opportunity Matrix Analysis
3.3 Country Share Analysis
3.4 R & D Analysis of Key Market Players
3.5 Key Strategies and Developments
4 Industrial Analysis
4.1 Supply Chain Analysis
4.2 Porter's Five Forces Analysis
4.3 Future Trends and Developments in Photonic Crystals Market
5 Global Photonic Crystals Market, by Type
5.1 Assumptions and Limitations for analysis and forecast of the Global Photonic Crystals Market
5.2 Market Overview
5.2.1 One-Dimensional Photonic Crystal
5.2.2 Two-Dimensional Photonic Crystals
5.2.3 Three-Dimensional Photonic Crystal
6 Global Photonic Crystals Market, by Application
6.1 Market Overview
6.1.1 Optical Fibre
6.1.2 LED
6.1.3 Image Sensor
6.1.4 Solar & PV Cell
6.1.5 Laser
6.1.6 Discrete & Integrated Optical Component
6.1.7 Others
6.1.7.1 Biosensors
6.1.7.2 Display
7 Global Photonic Crystals Market, by End-Use Industry
7.1 Market Overview
7.1.1 Industrial
7.1.2 Aerospace & Defense
7.1.3 Life Sciences & Healthcare
7.1.4 R&D & Others
8 Global Photonic Crystals Market, by Region
9 Company Profiles
- Corning Incorporated
- Dk Photonics Technology Limited
- Furukawa Electric Co., Ltd.
- Glophotonics
- Gooch & Housego Plc
- Hamamatsu Photonics K.K.
- IPG Photonics Corporation
- Labsphere, Inc.
- Lockheed Martin Corporation
- Luxtera, Inc.
- Mks Instruments, Inc.
- Microcontinuum, Inc.
- Nkt Photonics A/S
- Neophotonics Corporation
- Opalux Inc.
- Photonic Lattice, Inc.
- Technica Optical Components, Llc
- Teraxion
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