Global Photonic Crystals Market is accounted for $12.80 billion in 2019 and is expected to reach $32.84 billion by 2027 growing at a CAGR of 12.5% during the forecast period. Rise in demand of photonic crystals in light emitting diodes (LED), growth in research and development (R&D) activities, and novel properties of photonic crystals are the major factors propelling the market growth.
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By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the increase in research initiatives to examine the optical properties of photonic crystals and their uses in practical applications. Furthermore, growth in number of research groups and increase in government support are the major factors that boost the market growth. China, Japan, Korea, and Australia are the major countries in the Asia-Pacific photonic crystals market.
Some of the key players profiled in the Photonic Crystals Market include 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., Microcontinuum, Inc., Mks Instruments, Inc., Neophotonics Corporation, Nkt Photonics A/S, Opalux Inc., Photonic Lattice, Inc., Technica Optical Components, Llc, and Teraxion.
Types Covered in Photonic Crystals Market
• One-Dimensional
• Two-Dimensional
• Three-Dimensional
Applications Covered:
• Optical Fiber
• Light Emitting Diode (LED) Display
• Image Sensor
• Solar & Photovoltaic (PV) Cell
• Laser and Super Continuum Sources
• Discrete & Integrated Optical Component
• Biosensors
End Users Covered:
• Aerospace & Defense
• Industrial
• Life Sciences & Healthcare
• Manufacturing
• Research and Development (R&D)
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