Nov 23, 2021   SOURCE: BusinessWire

Insights on the Photonic Crystals Global Market to 2027 - Featuring Corning, FLIR Systems and MicroContinuum Among Others - ResearchAndMarkets.com

The "Photonic Crystals - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Amid the COVID-19 crisis, the global market for Photonic Crystals estimated at US$14.4 Billion in the year 2020, is projected to reach a revised size of US$30.9 Billion by 2027, growing at a CAGR of 11.5% over the analysis period 2020-2027.

LEDs, one of the segments analyzed in the report, is projected to record a 11% CAGR and reach US$9.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Optical Fibers segment is readjusted to a revised 13.4% CAGR for the next 7-year period.

The U.S. Market is Estimated at $4.3 Billion, While China is Forecast to Grow at 11.1% CAGR

The Photonic Crystals market in the U.S. is estimated at US$4.3 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.4 Billion by the year 2027 trailing a CAGR of 11.1% over the analysis period 2020 to 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.9% and 9.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 8.4% CAGR.

Displays Segment to Record 8.1% CAGR

In the global Displays segment, USA, Canada, Japan, China and Europe will drive the 7.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.5 Billion in the year 2020 will reach a projected size of US$4.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.7 Billion by the year 2027.

Select Competitors (Total 15 Featured):

  • Corning Inc.
  • FLIR Systems Inc.
  • Furukawa Co. Ltd.
  • GLOphotonics SAS
  • Gooch & Housego PLC
  • Lumentum Holdings Inc.
  • MicroContinuum Inc.
  • NKT Photonics A/S
  • Opalux Inc.
  • Photonic Lattice Inc.
  • Teledyne Scientific & Imaging
  • Zecotek Photonics Inc.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Photonic Crystals: Breakthrough Innovation in the Physics of Light Creating a New Paradigm in Electronic Interconnects
  • Recent Market Activity
  • Steady Growth Projected over the Coming Years for Photonic Crystals Market
  • Asia-Pacific Evolves into Most Important Regional Consumer of Photonic Crystals
  • China: The Driving Force Behind Asia-Pacific's Dominant Role
  • Developed Regions Continue to Extend Opportunities
  • Stable Economic Scenario to Underpin Market Expansion
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

  • Corning Incorporated (USA)
  • FLIR Systems, Inc. (USA)
  • Furukawa Co., Ltd. (Japan)
  • GLOphotonics SAS (France)
  • Gooch & Housego PLC (UK)
  • Lumentum Holdings, Inc. (USA)
  • MicroContinuum Inc. (USA)
  • NKT Photonics A/S (Denmark)
  • Opalux, Inc. (Canada)
  • Photonic Lattice, Inc. (Japan)
  • Teledyne Scientific & Imaging (USA)
  • Zecotek Photonics, Inc. (Canada)

3. MARKET TRENDS & DRIVERS

  • Photonic Crystals Assume Critical Importance in Industrial Applications
  • Robust Opportunities Prevail in Aerospace & Defense Sector
  • Market Set to Make Gains in Life Sciences & Healthcare Domain
  • 1- & 2-D Photonic Crystals: The Current Standard, 3-D Crystals Show Promise for the Long Run
  • 3D Photonic Crystals Witness New Milestones in Development
  • LEDs: The Major Application Market for Photonic Crystals
  • Improved Cell Efficiency Drives Use of Photonic Crystals in Solar & PV Cells
  • Growing Demand for Higher Data Rates Drives Market for Photonic Crystals-based Optical Fibers
  • Factors Driving Demand for Data in a Nutshell
  • Photonic Crystals Fuel Transformation in Display Technologies
  • Use of Photonic Crystal Fibers as Sensors Expands its Functionality
  • Photonic Crystals Gain Significant Attention in Enhancing Performance of Sensing Applications
  • Growing Popularity of Photonic Crystals-based Integrated Sensors
  • Sizing and Locating Bandgap - A Focus on Methods for Computational Modeling
  • Lack of Sound Fabrication Methodologies - A Key Hurdle to Market Growth
  • Key Issues in Fabrication of Photonic Crystals with Higher Dimensions
  • Key Research Advancements Announced in the Recent Past
  • Combination of Quantum Dots and Photonic Crystals - A New Research Endeavor for Efficient Lighting
  • Research Shows Photonic Crystals Enhance Light Output Cost Effectively in InGaN LEDs
  • Osmotic Pressure-Based Microcapsulate Photonic Crystals
  • Photonic Crystal-based Nanolaser Biosensor for Disease Detection

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/46r6n5