According to the latest report by IMARC Group, titled “Global Photonic Crystals Market Report, Size, Share, Industry Trends, Growth, Opportunity and Forecast 2022-2027“, the global photonic crystals market reached a value of US$ 49.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 81.9 Billion by 2027 exhibiting a CAGR of 8.20% during 2022-2027.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Photonic Crystals Market Trends and Drivers:
The market is primarily driven by the escalating demand for light-emitting diode (LED)-based products. In addition, the growing utilization of 2D photonic crystals in the commercial sector to interact with ultracold atoms and direct the light emission patterns and optical dispersion is further contributing to the market growth.
Besides this, governing agencies of numerous countries are undertaking various initiatives to encourage the usage of green photonics and reduce the greenhouse gas (GHG) emissions caused by transport, land use, and agricultural activities. This, coupled with the rising deployment of photonic crystals for trapping solar energy, is creating a positive market outlook across the globe.
Furthermore, the rising investments in research and development (R&D) activities in the field of electrical engineering are expected to propel the market growth in the coming years.
Global Photonic Crystals Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Corning Incorporated, Furukawa Electric Co. Ltd., GLOphotonics SAS, Gooch & Housego, Hamamatsu Photonics K.K., IPG Photonics Corporation, NKT Photonics A/S, Opalux Inc., Palo Alto Research Center Incorporated (Xerox Corporation), Photonic Lattice Inc. (Photron) and Teledyne Technologies Incorporated.
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The report has segmented the market on the basis of region, type, application and end user.
Breakup by Type:
• 1-D Photonic Crystals
• 2-D Photonic Crystals
• 3-D Photonic Crystals
Breakup by Application:
• Optical Fiber
• LED
• Image Sensor
• Solar and PV Cell
• Laser
• Discrete and Integrated Optical Component
• Others
Breakup by End User:
• Industrial
• Aerospace and Defense
• Life Sciences and Healthcare
• Research and Development (R&D)
• Others
Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa
If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC’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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