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Global Photonic Crystals Market

Global Photonic Crystals Market- Analysis & Forecast- 2017 to 2021 Focus on Type (One-Dimensional, Two-Dimensional, Three-Dimensional); Applications (Optical Fiber, LED, Image Sensor, Solar & PV Cell, Laser, Discrete & Integrated Optical Components); and Region

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.

SKU: MC018A
Published Year: 2017
 
 

The global photonic crystals market, in terms of value, is estimated to witness growth at a CAGR of 8.5% between 2017 and 2021. The increasing demand as well as growth rate for photonic crystals in the market is attributed to their growing usage in applications of optical fiber, LED, image sensors, and solar & photovoltaic (PV) cell, among others, in the industrial, aerospace & defense, life sciences & healthcare and other end-use industries. 

The photonic crystals market is driven by a number of factors such as superior properties of photonic crystals over metals and the increased demand of photonic crystals from varied end-use applications. The property of reflecting light within a specific frequency range, unlike metals, which reflect light in all the frequencies, make the photonic crystals a preferred choice in the aforementioned applications.    

The report is a compilation of various segmentations including market breakdown by photonic crystals type, application, end-use industry, and different geographical regions. It also includes sections on competitive insights and market dynamics. Herein, the revenue generated from the photonic crystals market is tracked to calculate the market size.
While highlighting the key driving and restraining forces for this market, the report also provides a comprehensive analysis of the application areas of the photonic crystals market. It also examines the role of the leading market players involved in this market.

The report addresses the following key questions about the global photonic crystals market:

•    What is the market size in terms of revenue from 2017-2021 for the global photonic crystals market?
•    What is the market size in terms of revenue for type such as one-dimensional, two-dimensional and three dimensional, in the global photonic crystals market?
•    What is the revenue generated by the different applications in the photonic crystals market?
•    What is the market size in terms of revenue for applications such as optical fiber, LED, image sensor, solar & PV cell, laser, discrete and integrated optical components, and others?
•    What is the market size in terms of revenue for end-use industries such as industrial, aerospace & defense, life sciences & healthcare and others (research & development)?
•    Which type, application and end-use industry of the photonic crystals will dominate the photonic crystals market during the forecast period?
•    What is the market size in terms of revenue generated by different applications with respect to geographical regions in the global photonic crystals market?
•    What are the major factors which will be driving the photonic crystals market forward during the forecast period?
•    What are the major opportunities and factors challenging the growth of the global photonic crystals market?
•    What are the new strategies adopted by the existing market players to make a mark in the industry?
•    Which are the existing key market players that have made a mark in the photonic crystals market?

The report has put a special emphasis on the market share regarding the type, applications and end-use industry of the photonic crystals, globally. The industry analyses have also been undertaken in order to examine the impact of various factors and to understand the overall attractiveness of the industry. 

The most often used strategy for developing a better hold on the market has been through new product launches, followed by merger & acquisitions. The company profiles section includes highlights of significant information about the key companies involved, along with their financial summaries and key strategies & developmental activities since the past few years.

Some of the key players in the photonic crystals market are MKS INSTRUMENTS, INC., NKT Photonics A/S, Corning Incorporated, NeoPhotonics Corporation, GOOCH & HOUSEGO PLC, Furukawa Electric Co. Ltd, Hamamatsu Photonics K.K, Lockheed Martin Corporation, IPG Photonics Corporation and GLOphotonics. These companies provide a diversified product portfolio for specific needs and industrial applications.

Two-dimensional photonic crystals dominated the global photonic crystals market with a share of approximately 67% in 2016. The photonic crystal caters to the demand of a number of application verticals, which is the primary reason behind its significant market presence. On the basis of application, optical fiber application dominated the photonic crystals market 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.  On the basis of end-use industry, industrial segment dominated the photonic crystals market in 2016. 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. 

On the basis of geography, Asia-Pacific (APAC) dominated the photonic crystals market, followed by North America and Europe. This growth is attributed to the increasing demand of photonic crystals based devices from various countries such as China, Japan, India, South Korea, among others, in the Asia-Pacific region.  Additionally, APAC has the highest potential to grow in the forecast period due to the presence of emerging economies such as China and India.

TABLE OF CONTENT
Executive Summary
1 Research Scope and Methodology
1.1 Scope of the Report
1.2 Global Photonic Crystals Market Research Methodology
1.2.1 Assumptions and Limitations
1.2.2 Primary Research
1.2.3 Secondary Research
1.2.4 Data Triangulation
1.2.5 Data Analysing & Market Estimation
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
3.5.1 Agreements, Collaborations, Contracts, Joint Venture, & Partnerships
3.5.2 Business Expansions
3.5.3 New Product Launches & Developments
3.5.4 Mergers & Acquisitions
3.5.5 Others
4 Industrial Analysis
4.1 Supply Chain Analysis
4.2 Porter’s Five Forces Analysis
4.2.1 Threat of New Entrants
4.2.2 Threat of Substitutes
4.2.3 Bargaining Power of Buyers
4.2.4 Bargaining Power of Suppliers
4.2.5 Intensity of Competitive Rivalry
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
8.1 Market Overview
8.2 Asia-Pacific
8.2.1 Asia-pacific: Photonic Crystals Market, by Country
8.2.1.1 China
8.2.1.1.1 China: Photonic Crystals Market, by Application
8.2.1.2 Japan
8.2.1.2.1 Japan: Photonic Crystals Market, by Application
8.2.1.3 South Korea
8.2.1.3.1 South Korea: Photonic Crystals Market, by Application
8.2.1.4 India
8.2.1.4.1 India: Photonic Crystals Market, by Application
8.2.1.5 Rest of Asia-Pacific
8.2.1.5.1 Rest of Asia-Pacific: Photonic Crystals Market, by Application
8.3 North America
8.3.1 North America: Photonic Crystals Market, by Country
8.3.1.1 The U.S.
8.3.1.1.1 The U.S.: Photonic Crystals Market, by Application
8.3.1.2 Canada
8.3.1.2.1 Canada: Photonic Crystals Market, by Application
8.3.1.3 Mexico
8.3.1.3.1 Mexico: Photonic Crystals Market, by Application
8.4 Europe
8.4.1 Europe: Photonic Crystals Market, by Country
8.4.1.1 Germany
8.4.1.1.1 Germany: Photonic crystals Market, by Application
8.4.1.2 The U.K.
8.4.1.2.1 The U.K.: Photonic crystals Market, by Application
8.4.1.3 France
8.4.1.3.1 France: Photonic crystals Market, by Application
8.4.1.4 Spain
8.4.1.4.1 Spain: Photonic crystals Market, by Application
8.4.1.5 Italy
8.4.1.5.1 Italy: Photonic crystals Market, by Application
8.4.1.6 Rest of Europe
8.4.1.6.1 Rest of Europe: Photonic Crystals Market, by Application
8.5 Rest of the World (RoW)
8.5.1 Middle East & Africa (ME&A)
8.5.1.1 Middle East & Africa: Photonic Crystals Market, by Application
8.5.2 South America
8.5.2.1 South America: Photonic Crystals Market, by Application
9 Company Profiles
9.1 MKS INSTRUMENTS, INC.
9.1.1 Overview
9.1.2 Product Portfolio
9.1.3 Financials
9.1.3.1 Financial Summary
9.1.4 SWOT Analysis
9.2 Corning Incorporated
9.2.1 Overview
9.2.2 Product Portfolio
9.2.3 Financials
9.2.3.1 Financial Summary
9.2.4 SWOT Analysis
9.3 NeoPhotonics Corporation
9.3.1 Overview
9.3.2 Financials
9.3.2.1 Financial Summary
9.3.3 SWOT Analysis
9.4 GOOCH & HOUSEGO PLC
9.4.1 Overview
9.4.2 Financials
9.4.2.1 Financial Summary
9.4.3 SWOT Analysis
9.5 FURUKAWA ELECTRIC CO., LTD.
9.5.1 Overview
9.5.2 Financials
9.5.2.1 Financial Summary
9.5.3 SWOT Analysis
9.6 HAMAMATSU PHOTONICS K.K.
9.6.1 Overview
9.6.2 Financials
9.6.2.1 Financial Summary
9.6.3 SWOT Analysis
9.7 LOCKHEED MARTIN CORPORATION
9.7.1 Overview
9.7.2 Financials
9.7.2.1 Financial Summary
9.7.3 SWOT Analysis
9.8 IPG PHOTONICS CORPORATION
9.8.1 Overview
9.8.2 Financials
9.8.2.1 Financial Summary
9.8.3 SWOT Analysis
9.9 NKT Photonics A/S
9.9.1 Overview
9.9.2 Product Portfolio
9.9.3 Corporate Summary
9.9.4 SWOT Analysis
9.10 GLOphotonics
9.10.1 Overview
9.10.2 Product Portfolio
9.10.3 Corporate Summary
9.10.4 SWOT Analysis
9.11 Opalux Inc.
9.11.1 Overview
9.11.2 Product Portfolio
9.11.3 Corporate Summary
9.11.4 SWOT Analysis
9.12 Luxtera, Inc.
9.12.1 Overview
9.12.2 Product Portfolio
9.12.3 Corporate Summary
9.12.4 SWOT Analysis
9.13 LABSPHERE, INC.
9.13.1 Overview
9.13.2 Corporate Summary
9.13.3 SWOT Analysis
9.14 TeraXion
9.14.1 Overview
9.14.2 Product Portfolio
9.14.3 Corporate Summary
9.14.4 SWOT Analysis
9.15 Technica Optical Components, LLC
9.15.1 Overview
9.15.2 Product Portfolio
9.15.3 Corporate Summary
9.15.4 SWOT Analysis
9.16 Photonic Lattice, Inc.
9.16.1 Overview
9.16.2 Product Portfolio
9.16.3 Corporate Summary
9.17 DK Photonics Technology Limited
9.17.1 Overview
9.17.2 Corporate Summary
9.18 Microcontinuum, Inc.
9.18.1 Overview
9.18.2 Product Portfolio
9.18.3 Corporate Summary
List of Tables
Table 1  Market Snapshot: Global Photonic Crystals Market
Table 3.1 Photonic Crystals Market Competitive Analysis, by Revenue, 2016
Table 3.2 Agreements, Contracts, Collaborations, Joint Ventures, & Partnerships
Table 3.3 Key Business Expansion Activities
Table 3.4 Key Product Launches
Table 3.5 Key Mergers & Acquisitions
Table 3.6 Other Developments
Table 5.1 Global Photonic Crystals Market Size, by Type, (2017 – 2021)
Table 5.2 One-Dimensional Photonic Crystals Market Size, by Region, (2016 – 2021)
Table 5.3 Two-Dimensional Photonic Crystals Market Size, by Region, (2016 – 2021)
Table 5.4 Three-Dimensional Photonic Crystals Market Size, by Region (2016 – 2021)
Table 6.1 Global Photonic Crystals Market Size, by Application(2016 – 2021)
Table 6.2 Photonic Crystals based Optical Fiber Market Size, by Region (2016 – 2021)
Table 6.3 Photonic Crystals based LED Market Size, by Region, (2016 – 2021)
Table 6.4 Photonic Crystals based Image Sensor Market Size, by Region (2016 – 2021)
Table 6.5 Solar Photovoltaic Installed Capacity, by Region (2010 – 2016)
Table 6.6 Photonic Crystals based Solar & PV Cell Market Size, by Region (2016 – 2021)
Table 6.7 Photonic Crystals based Laser Market Size, by Region (2016 – 2021)
Table 6.8 Photonic Crystals based Discrete & Integrated Optical Component Market Size, by Region (2016 – 2021)
Table 6.9 Photonic Crystals Market Size in Others Application, by Region (2016 – 2021)
Table 7.1 Global Photonic Crystals Market Size, by End Use Industry (2016 – 2021)
Table 7.2 Industrial Photonic Crystals Market Size, by Region, (2016 – 2021)
Table 7.3 Aerospace & Defense Photonic Crystals Market Size, by Region, $ Million (2016 – 2021)
Table 7.4 Life Sciences & Healthcare Photonic Crystals Market Size, by Region (2016 – 2021)
Table 7.5 Overview of Photonic Crystal Fibre Development:
Table 7.6 R&D & Others Photonic Crystals Market Size, by Region, $ Million (2016 – 2021)
Table 8.1 Global Photonic Crystals Market Size, by Region (2016 – 2021)
Table 8.2 Asia-Pacific Photonic Crystals Market, by Country, (2016–2021)
Table 8.3 China Photonic Crystals Market, by Application (2016–2021)
Table 8.4 Japan Photonic Crystals Market, by Application(2016 – 2021)
Table 8.5 South Korea: Photonic Crystals Market, by Application(2016 – 2021)
Table 8.6 India: Photonic Crystals Market, by Application (2016 – 2021)
Table 8.7 Rest of Asia-Pacific: Photonic Crystals Market, by Application(2016 – 2021)
Table 8.8 North America’s Photonic crystals Market by Country (2016 – 2021)
Table 8.9 The U.S.: Photovoltaic Capacity (2010 – 2016)
Table 8.10 The U.S.: Photonic crystals Market, by Application (2016 – 2021)
Table 8.11 Canada: Photonic Crystals Market, by Application(2016 – 2021)
Table 8.12 Mexico: Photonic crystals Market, by Application(2016 – 2021)
Table 8.12 Europe: Photonic crystals Market by Country(2016 – 2021)
Table 8.13 Germany’s Photonic crystals Market, by Application (2016 – 2021)
Table 8.14 The U.K.: Photonic crystals Market, by Application (2016 – 2021)
Table 8.15 France: Photonic crystals Market, by Application (2016 – 2021)
Table 8.16 Spain: Photonic crystals Market, by Application (2016 – 2021)
Table 8.17 Italy: Photonic crystals Market, by Application(2016 – 2021)
Table 8.18 Rest of Europe: Photonic Crystals Market, by Application (2016 – 2021)
Table 8.19 Middle East & Africa: Photonic crystals Market, by Application, (2016 – 2021)
Table 8.20 South America: Photonic crystals Market, by Application, (2016 – 2021)
List of Figures
Figure 1 Photonic Crystals Market Snapshot 2017-2021
Figure 2 Photonic Crystals Market Size by Type, 2017 and 2021
Figure 3 Photonic Crystals Market Size by Application, 2017 and 2021
Figure 4 Photonic Crystals Market, by End-Use Industry, by Value, 2017 and 2021
Figure 5 Photonic Crystals Market Size by Region, 2017 and 2021
Figure 6 Photonic Crystals Market Size by Country, 2017 and 2021
Figure 1.1 Global Photonic Crystals Market Scope
Figure 1.2 Report Design
Figure 1.3 Sources of Secondary Research
Figure 1.4 Data Triangulation
Figure 1.5 Top Down & Bottom Up Approach
Figure 2.1 Global Photonic Crystals Market Dynamics
Figure 2.2 Solar Photovoltaic Installed Capacity, by Region (2010 – 2016)
Figure 3.1 Global Photonic Crystals Market Opportunity Matrix, by Region, 2016
Figure 3.2 Global Photonic Crystals Market Opportunity Matrix, by Country, 2016
Figure 3.3 Global Photonic Crystals Market Opportunity Matrix, by Country, 2021
Figure 3.4 Country Share Analysis of Global Photonic Crystals Market, 2016
Figure 3.5 R&D Analysis of Key Players in Global Photonic Crystals Market
Figure 3.6 Snapshot of Organic & Inorganic Strategies adopted by Key Players
Figure 3.7 Share of Key Market Strategies & Developments
Figure 3.8 Total Number of Strategies & Developments
Figure 4.1 Global Photonic Crystals Supply Chain
Figure 4.2 Global Photonic Crystals Market: Porter’s Five Forces Analysis
Figure 5.1 Global Photonic Crystals Market, By Type
Figure 5.2 One-Dimensional Photonic Crystals Market Size, by Region 2017 and 2021
Figure 5.3 Two-Dimensional Photonic Crystals Market Size, by Region 2017 and 2021
Figure 5.4 Three-Dimensional Photonic Crystals Market Size, By Region 2017 and 2021
Figure 6.1 Global Photonic Crystals Market, By Application
Figure 6.2 Global Photonic Crystals Market, by Application, 2017 and 2021
Figure 6.3 Photonic Crystals based Optical Fibre Market Size, by Region, 2017 and 2021
Figure 6.4 Photonic Crystals based LED Market Size, by Region, 2017 and 2021
Figure 6.5 Photonic Crystals based Image Sensor Market Size, by Region, 2017 and 2021
Figure 6.6 Photonic Crystals based Solar & PV Cell Market Size, by Region, 2017 and 2021
Figure 6.7 Photonic Crystals based Laser Market Size, by Region, 2017 and 2021
Figure 6.8 Photonic Crystals based Discrete & Integrated Optical Component Market Size, by Region, 2017 and 2021
Figure 6.9 Photonic Crystals Market Size in Others Application, by Region, 2017 and 2021
Figure 7.1 Global Photonic Crystals Market, by End-Use Industry, Market Share (%), 2016 and 2021
Figure 7.2 Industrial Photonic Crystals Market Size, by Region, 2017 and 2021
Figure 7.3 Aerospace & Defense Photonic Crystals Market Size, by Region, 2017 and 2021
Figure 7.4 Life Sciences & Healthcare Photonic Crystals Market Size, by Region, 2017 and 2021
Figure 7.5 R&D & Others Photonic Crystals Market Size, by Region, 2017 and 2021
Figure 8.1 Global Photonic Crystals Market Geographical Segmentation
Figure 8.2 Global Photonic Crystals Market Growth Rate, by Geography
Figure 8.3 Overview: Global Photonic Crystals Market Size, by Region (2016 – 2021)
Figure 8.4 Asia-Pacific Photonic Crystals Market Forecast, by Country, 2017 & 2021
Figure 8.5 Asia-Pacific Photonic Crystals Market, by Country, 2016-2021
Figure 8.6 North America Photonic Crystals Market Forecast, by Country, 2017 & 2021
Figure 8.7 North America Photonic crystals Market, by Country (2016 – 2021)
Figure 8.8 Europe Photonic Crystals Market Forecast, by Country, 2017 & 2021
Figure 8.9 Europe Photonic crystals Market, by Country (2016 – 2021)
Figure 8.10 Rest of the World: Photonic crystals Market Forecast by Region, 2017 & 2021
Figure 8.11 Rest of the World Photonic crystals Market Snapshot by Region, 2016 - 2021
Figure 8.12 Middle East & Africa: Photonic crystals Market Size, 2016 and 2021
Figure 8.13 South America: Photonic crystals Market Size, 2016 and 2021
Figure 9.1 MKS Instruments, Inc.: Overall Financials, 2014-2016
Figure 9.2 MKS Instruments, Inc.: Net Revenue by Business Segment, 2014-2016
Figure 9.3 MKS Instruments, Inc.: Net Revenue by Products, 2014-2016
Figure 9.4 MKS Instruments, Inc.: Revenue across Different Geographies, 2014-2016
Figure 9.5 MKS Instruments, Inc.: SWOT Analysis
Figure 9.6 Corning Incorporated: Overall Financials, 2014-2016
Figure 9.7 Corning Incorporated: Net Revenue by Business Segment, 2014-2016
Figure 9.8 Corning Incorporated: Revenue across Different Geographies, 2014-2016
Figure 9.9 Corning Incorporated: SWOT Analysis
Figure 9.10 NeoPhotonics Corporation: Overall Financials, 2014-2016
Figure 9.11 NeoPhotonics Corporation: Net Revenue by Business Segment, 2014-2016
Figure 9.12 NeoPhotonics Corporation: Revenue across Different Geographies, 2014-2016
Figure 9.13 NeoPhotonics Corporation: SWOT Analysis
Figure 9.14 Gooch & Housego PLC: Overall Financials, 2014-2016
Figure 9.15 Gooch & Housego PLC: Net Revenue by Business Segment, 2014-2016
Figure 9.16 Gooch & Housego PLC: Revenue across Different Geographies, 2014-2016
Figure 9.17 Gooch & Housego PLC: SWOT Analysis
Figure 9.18 Furukawa Electric Co., Ltd.: Overall Financials, 2014-2016
Figure 9.19 Furukawa Electric Co., Ltd.: Net Revenue by Business Segment, 2013-2015
Figure 9.20 Furukawa Electric Co., Ltd.: SWOT Analysis
Figure 9.21 Hamamatsu Photonics K.K.: Overall Financials, 2014-2016
Figure 9.22 Hamamatsu Photonics K.K.: Net Revenue by Business Segment, 2014-2016
Figure 9.23 Hamamatsu Photonics K.K.: SWOT Analysis
Figure 9.24 Lockheed Martin Corporation: Overall Financials, 2014-2016
Figure 9.25 Lockheed Martin Corporation: Net Revenue by Business Segment, 2014-2016
Figure 9.26 Lockheed Martin Corporation: SWOT Analysis
Figure 9.27 IPG Photonics Corporation: Overall Financials, 2014-2016
Figure 9.28 IPG Photonics Corporation: Net Revenue by Business Segment, 2014-2016
Figure 9.29 IPG Photonics Corporation: Revenue across Different Geographies, 2014-2016
Figure 9.30 IPG Photonics Corporation: SWOT Analysis
Figure 9.31 NKT Photonics A/S: SWOT Analysis
Figure 9.32 GLOphotonics: SWOT Analysis
Figure 9.33 Opalux Inc.: SWOT Analysis
Figure 9.34 Luxtera Inc.: SWOT Analysis
Figure 9.35 Labsphere Inc.: SWOT Analysis
Figure 9.36 TeraXion: SWOT Analysis
Figure 9.37 Technica Optical Components, LLC: SWOT Analysis

Photonic crystals have been studied in one form or another since 1887, but in 1987, when researchers Eli Yablonovitch and Sajeev John presented papers on the significance of the photonic crystals, the usage of photonic crystals in various applications came into existence. Photonic crystals are optical/dielectric structures that are intended to influence the movement of photons and are comprised of particular high dielectric and low dielectric regions. Photonic crystals are undifferentiated from semiconductors in the sense that the lattice can prohibit the propagation of certain waves. There are gaps in the energy band structure of the crystal called photonic band gaps, which are similar to the gaps present in semiconductors. After a number of research and developmental measures, photonic crystals became a breakthrough technology due to their potential for light manipulation. With the advancement of this emerged technology, photonic crystals are widely utilized in various applications such as optical fiber, LED, image sensor, solar & photovoltaic (PV) cell, laser, discrete and integrated optical components, among others.

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 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 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.

Figure 1
Global Photonic Crystals Market Snapshot
 

Global Photonic Crystals Market

Source: BIS Research Analysis, Secondary Research, and Expert Interviews

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.

On the basis of geography, Asia-Pacific dominated the photonic crystals market. This growth is attributed to the increasing demand of photonic crystals based devices from various countries such as China, Japan, India, South Korea, among others, in the Asia-Pacific region. Another major reason behind the growth of the market in Asia-Pacific is that the countries within this region were able to sustain their economies during the global economic crisis of 2008-09 and have been able to showcase constant growth in end-use production and sales across the globe. Some of the major players operating in the Asia-Pacific region includes Hamamatsu Photonics K.K., Furukawa Electric Co. Ltd, and Photonic Lattice, Inc.

Some of the key players in the photonic crystals market are MKS INSTRUMENTS, INC., NKT Photonics A/S, Corning Incorporated, NeoPhotonics Corporation, GOOCH & HOUSEGO PLC, Furukawa Electric Co. Ltd, Hamamatsu Photonics K.K, Lockheed Martin Corporation, IPG Photonics Corporation and GLOphotonics. These companies provide a diversified product portfolio for specific needs and industrial applications. These companies are actively aiming at an increased number of agreements, partnerships, collaborations, & contracts and products to expand their operations, thereby, enhancing their share in the photonic crystals market.

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