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DATE
APR 2021
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63
PAGES
108
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HIGHLIGHTS & REPORT INDEX
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 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.
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 PLAYERS
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.
SEGMENTS
» Application (LEDs, Optical Fibers, Displays, Solar & PV Cells, Other Applications)
GEOGRAPHIES
» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » and Rest of Europe » Asia-Pacific » Rest of World
TABLE OF CONTENTS
| 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 |
| World Current & Future Analysis for Photonic Crystals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR |
| World Historic Review for Photonic Crystals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
| World 15-Year Perspective for Photonic Crystals by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2012, 2020 & 2027 |
| World Current & Future Analysis for LEDs by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR |
| World Historic Review for LEDs by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
| World 15-Year Perspective for LEDs by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027 |
| World Current & Future Analysis for Optical Fibers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR |
| World Historic Review for Optical Fibers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
| World 15-Year Perspective for Optical Fibers by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027 |
| World Current & Future Analysis for Displays by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR |
| World Historic Review for Displays by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
| World 15-Year Perspective for Displays by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027 |
| World Current & Future Analysis for Solar & PV Cells by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR |
| World Historic Review for Solar & PV Cells by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
| World 15-Year Perspective for Solar & PV Cells by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027 |
| World Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR |
| World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
| World 15-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027 |
| III. MARKET ANALYSIS |
| UNITED STATES |
| USA Current & Future Analysis for Photonic Crystals by Application - LEDs, Optical Fibers, Displays, Solar & PV Cells and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR |
| USA Historic Review for Photonic Crystals by Application - LEDs, Optical Fibers, Displays, Solar & PV Cells and Other Applications Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
| USA 15-Year Perspective for Photonic Crystals by Application - Percentage Breakdown of Value Sales for LEDs, Optical Fibers, Displays, Solar & PV Cells and Other Applications for the Years 2012, 2020 & 2027 |
| CANADA |
| Canada Current & Future Analysis for Photonic Crystals by Application - LEDs, Optical Fibers, Displays, Solar & PV Cells and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR |
| Canada Historic Review for Photonic Crystals by Application - LEDs, Optical Fibers, Displays, Solar & PV Cells and Other Applications Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
| Canada 15-Year Perspective for Photonic Crystals by Application - Percentage Breakdown of Value Sales for LEDs, Optical Fibers, Displays, Solar & PV Cells and Other Applications for the Years 2012, 2020 & 2027 |
| JAPAN |
| Japan Current & Future Analysis for Photonic Crystals by Application - LEDs, Optical Fibers, Displays, Solar & PV Cells and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR |
| Japan Historic Review for Photonic Crystals by Application - LEDs, Optical Fibers, Displays, Solar & PV Cells and Other Applications Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
| Japan 15-Year Perspective for Photonic Crystals by Application - Percentage Breakdown of Value Sales for LEDs, Optical Fibers, Displays, Solar & PV Cells and Other Applications for the Years 2012, 2020 & 2027 |
| CHINA |
| China Current & Future Analysis for Photonic Crystals by Application - LEDs, Optical Fibers, Displays, Solar & PV Cells and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR |
| China Historic Review for Photonic Crystals by Application - LEDs, Optical Fibers, Displays, Solar & PV Cells and Other Applications Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
| China 15-Year Perspective for Photonic Crystals by Application - Percentage Breakdown of Value Sales for LEDs, Optical Fibers, Displays, Solar & PV Cells and Other Applications for the Years 2012, 2020 & 2027 |
| EUROPE |
| Europe Current & Future Analysis for Photonic Crystals by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR |
| Europe Historic Review for Photonic Crystals by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
| Europe 15-Year Perspective for Photonic Crystals by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2012, 2020 & 2027 |
| Europe Current & Future Analysis for Photonic Crystals by Application - LEDs, Optical Fibers, Displays, Solar & PV Cells and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR |
| Europe Historic Review for Photonic Crystals by Application - LEDs, Optical Fibers, Displays, Solar & PV Cells and Other Applications Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
| Europe 15-Year Perspective for Photonic Crystals by Application - Percentage Breakdown of Value Sales for LEDs, Optical Fibers, Displays, Solar & PV Cells and Other Applications for the Years 2012, 2020 & 2027 |
| FRANCE |
| France Current & Future Analysis for Photonic Crystals by Application - LEDs, Optical Fibers, Displays, Solar & PV Cells and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR |
| France Historic Review for Photonic Crystals by Application - LEDs, Optical Fibers, Displays, Solar & PV Cells and Other Applications Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
| France 15-Year Perspective for Photonic Crystals by Application - Percentage Breakdown of Value Sales for LEDs, Optical Fibers, Displays, Solar & PV Cells and Other Applications for the Years 2012, 2020 & 2027 |
| GERMANY |
| Germany Current & Future Analysis for Photonic Crystals by Application - LEDs, Optical Fibers, Displays, Solar & PV Cells and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR |
| Germany Historic Review for Photonic Crystals by Application - LEDs, Optical Fibers, Displays, Solar & PV Cells and Other Applications Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
| Germany 15-Year Perspective for Photonic Crystals by Application - Percentage Breakdown of Value Sales for LEDs, Optical Fibers, Displays, Solar & PV Cells and Other Applications for the Years 2012, 2020 & 2027 |
| ITALY |
| Italy Current & Future Analysis for Photonic Crystals by Application - LEDs, Optical Fibers, Displays, Solar & PV Cells and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR |
| Italy Historic Review for Photonic Crystals by Application - LEDs, Optical Fibers, Displays, Solar & PV Cells and Other Applications Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
| Italy 15-Year Perspective for Photonic Crystals by Application - Percentage Breakdown of Value Sales for LEDs, Optical Fibers, Displays, Solar & PV Cells and Other Applications for the Years 2012, 2020 & 2027 |
| UNITED KINGDOM |
| UK Current & Future Analysis for Photonic Crystals by Application - LEDs, Optical Fibers, Displays, Solar & PV Cells and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR |
| UK Historic Review for Photonic Crystals by Application - LEDs, Optical Fibers, Displays, Solar & PV Cells and Other Applications Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
| UK 15-Year Perspective for Photonic Crystals by Application - Percentage Breakdown of Value Sales for LEDs, Optical Fibers, Displays, Solar & PV Cells and Other Applications for the Years 2012, 2020 & 2027 |
| REST OF EUROPE |
| Rest of Europe Current & Future Analysis for Photonic Crystals by Application - LEDs, Optical Fibers, Displays, Solar & PV Cells and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR |
| Rest of Europe Historic Review for Photonic Crystals by Application - LEDs, Optical Fibers, Displays, Solar & PV Cells and Other Applications Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
| Rest of Europe 15-Year Perspective for Photonic Crystals by Application - Percentage Breakdown of Value Sales for LEDs, Optical Fibers, Displays, Solar & PV Cells and Other Applications for the Years 2012, 2020 & 2027 |
| ASIA-PACIFIC |
| Asia-Pacific Current & Future Analysis for Photonic Crystals by Application - LEDs, Optical Fibers, Displays, Solar & PV Cells and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR |
| Asia-Pacific Historic Review for Photonic Crystals by Application - LEDs, Optical Fibers, Displays, Solar & PV Cells and Other Applications Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
| Asia-Pacific 15-Year Perspective for Photonic Crystals by Application - Percentage Breakdown of Value Sales for LEDs, Optical Fibers, Displays, Solar & PV Cells and Other Applications for the Years 2012, 2020 & 2027 |
| REST OF WORLD |
| Rest of World Current & Future Analysis for Photonic Crystals by Application - LEDs, Optical Fibers, Displays, Solar & PV Cells and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR |
| Rest of World Historic Review for Photonic Crystals by Application - LEDs, Optical Fibers, Displays, Solar & PV Cells and Other Applications Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
| Rest of World 15-Year Perspective for Photonic Crystals by Application - Percentage Breakdown of Value Sales for LEDs, Optical Fibers, Displays, Solar & PV Cells and Other Applications for the Years 2012, 2020 & 2027 |
| IV. COMPETITION |
| Total Companies Profiled: 15 |
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