Photonic crystals are used in an innovative way across different end-user industries, including 3D-printing. The photonic crystals market is a highly competitive industry, with all major players competing against each other to gain a greater market share. Most of the photonic crystal manufacturers are of the similar financial capability and the landscape is extremely competitive because of a large number of players in the market. Thus, innovation and development becomes the key to acquire an edge over the other players in this market. To increase the global footprint, photonic crystals manufacturers are also entering into mergers and acquisitions with different distributor networks.
Recently, in July 2017, NKT Photonics, a leading supplier of high-performance fiber lasers and photonic crystal fibers, entered into an agreement to acquire Onefive, a leading ultrafast laser manufacturer headquartered in Zurich. The acquisition aims to strengthen NKT Photonics’ Material Processing business by adding complementary know-how and products to its portfolio. NKT Photonics A/S, Gooch & Housego, and Corning Incorporated were some of the companies which remained in the limelight in the year 2016 because of a wide range of product launches and partnerships, collaborations, contracts, and agreements.
Acknowledging the future potential that the photonic crystals technology hold, BIS Research has compiled a market research report titled ‘Global Photonic Crystals Market- Analysis & Forecast- 2017 to 2021’. According to an analyst at BIS Research, “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.” Photonic crystals exhibit exceptional and unique properties which have resulted in an increased demand for these crystals from various end-user industries. Currently, the research and development activities have increased in the industry with substantial investment from the market players and the demand for photonic crystals have increased in solar & photovoltaic cell technology, especially in countries such as India, China, and Brazil. This trend will create a plethora of opportunities for the market players.
This market report includes a market breakdown by photonic crystals type, application, end-use industry, and different geographical regions. The report further includes sections on competitive insights and market dynamics. Herein, the revenue generated from the photonic crystals market is tracked to calculate the market size.