Photonic Crystals Market Report

Market Insights

Photonic crystals are also known as photonic band gap materials. These crystals are periodic optical nanostructures that are able to control light particularly photons. Their synthetic versions have a wide range of potential applications, from reflection coatings to optical computers. Photonic crystals operate on a similar principle to how semiconductors enable the creation of electronic devices. The crystals have band gaps that allow some wavelengths of light to pass but not others, allowing for unprecedented control over light behaviour.

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The pandemic wreaked havoc on the global economy, which lasted until 2021. It had a significant impact on major industries such as electronics, semiconductors, automobiles, and IT services. Temporary lockdowns, export restrictions, regional lockdowns, and other factors all had an impact on the production and distribution of various electronic goods and parts.

Increasing demand for photonic crystals, which have low power consumption, high reflectivity, and a high pixel-per-inch resolution, are the factors expected to drive the growth of the market. The ability of photonic crystals technology to reflect light in a specific frequency range would support the demand for this technology. The growing use of small-screen displays in the electronics industry is expected to fuel the market growth. Photonic crystals are in high demand due to the increasing use of image sensors and LEDs. As a result of these factors, the photonic crystals market is expected to grow at a promising CAGR of 7.8% during the forecast period.

Market Segments' Analysis

Based on the type, the market is bifurcated into one-dimensional photonic, two-dimensional photonic, and three-dimensional photonic. The two-dimensional photonic segment is estimated to lead the market in the foreseen future, owing to its dimensional cross-sectional design, which includes hexagonal lattice and square lattice and has a simple analysis as well as fast product formulation. Furthermore, the complexity of three-dimensional photonic crystals supports the preference for two-dimensional photonic crystals.

Based on the application type, the market is segmented as image sensors, solar & PV cells, LED displays, optical fibers, discrete & integrated optical component lasers, and others. The optical fiber segment is expected to remain the biggest demand generator for photonic crystals during the forecast period on account of its exceptional characteristics of regulating light flow and design flexibility by obtaining unique properties.

Based on the end-use type, the market is segmented as manufacturing, healthcare, aerospace & defense, industrial, and others. Among these end-use types, the industrial segment is likely to remain the major end-use segment of the market during the forecast period. This segment's dominance is likely to be fuelled primarily by the increasing use of LED displays, optical sensors, and solar energy. Furthermore, the aerospace & defense industry is expected to grow significantly during the forecast period due to the widespread use of image sensors for image sensing and mapping, and optical fibres for enhanced communication.

In terms of regions, Asia-Pacific is expected to remain the largest market for photonic crystals over the forecast period on account of increasing R&D activities in the region. Increasing government investments in the emerging economies such as China, India, Japan, Singapore, and Korea have extended the region’s commodity use, which is likely to fuel the market growth. Furthermore, the North American region is likely to exhibit significant growth over the next five years, as the introduction of various emerging technologies, has diversified the commodity’s market application range.

Key Players

The following are some of the key players in the photonic crystals market:

• Corning Inc.
• Epistar Corp.
• Micron Technology, Inc.
• Opalux Inc.
• TDK Corporation
• Rohm Co., Ltd.
• Luminus Devices, Inc.
• ICx Photonics, Inc.
• NKT Photonics, Inc.
• Palo Alto Research Center

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s photonic crystals market realities and future market possibilities for the forecast period of 2022 to 2027. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Product Portfolio, New Product Launches, etc.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

The photonic crystals market is segmented into the following categories:

Photonic Crystals Market, by Type

• One-Dimensional Photonic (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Two-Dimensional Photonic (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Three-Dimensional Photonic (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Photonic Crystals Market, by Application Type

• Image Sensors (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Solar & PV Cells (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• LED Displays (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Optical Fibers (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Discrete & Integrated Optical Component Lasers (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)  

Photonic Crystals Market, by End-Use Type

• Manufacturing (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Healthcare (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Aerospace & Defense (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Industrial (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Photonic Crystals Market, by Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Russia, Italy, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil, Argentina, and Others)

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)

• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@Stratviewresearch.com