Photonic Crystal Market Report: Trends, Forecast and Competitive Analysis to 2030

Photonic Crystal Trends and Forecast

The future of the global photonic crystal market looks promising with opportunities in the industrial, aerospace and defense, life sciences and healthcare, and research and development (R&D) markets. The global photonic crystal market is expected to grow with a CAGR of 8.0% from 2024 to 2030. The major drivers for this market are high adaption of photonic crystals for trapping solar energy and growing demand for renewable energy.

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Photonic Crystal by Segment

The study includes a forecast for the global photonic crystal by type, application, end use, and region.

Photonic Crystal Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• 1-D Photonic Crystals
• 2-D Photonic Crystals
• 3-D Photonic Crystals

Photonic Crystal Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Optical Fiber
• LED
• Image Sensor
• Solar and PV Cell
• Laser
• Discrete and Integrated Optical Component
• Others

Photonic Crystal Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Industrial
• Aerospace and Defense
• Life Sciences and Healthcare
• Research and Development (R&D)
• Others

Photonic Crystal Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Photonic Crystal Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies photonic crystal companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the photonic crystal companies profiled in this report include-

• Corning Incorporated
• Furukawa Electric
• Glophotonics
• Gooch & Housego
• Hamamatsu Photonics

Photonic Crystal Market Insights

Lucintel forecasts that 1-D photonic crystal is expected to witness highest growth over the forecast period as it is easy to fabricate using a variety of techniques, such as thin film deposition and photolithography.

Within this market, aerospace and defense is expected to witness highest growth over the forecast period due to increasing adoption of image sensors and optical fibers for greater communication.

APAC is expected to witness highest growth over the forecast period due to strong growth of the electronics industry and presence of major players in the region.

Features of the Global Photonic Crystal Market

Market Size Estimates: Photonic crystal market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Photonic crystal market size by type, application, end use, and region in terms of value ($B).

Regional Analysis: Photonic crystal market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, applications, end uses, and regions for the photonic crystal market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the photonic crystal market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the growth forecast for photonic crystal market?

Answer: The global photonic crystal market is expected to grow with a CAGR of 8.0% from 2024 to 2030.

Q2. What are the major drivers influencing the growth of the photonic crystal market?

Answer: The major drivers for this market are high adaption of photonic crystals for trapping solar energy and growing demand for renewable energy.

Q3. What are the major segments for photonic crystal market?

Answer: The future of the photonic crystal market looks promising with opportunities in the industrial, aerospace and defense, life sciences and healthcare, and research and development (R&D) markets.

Q4. Who are the key photonic crystal market companies?

Answer: Some of the key photonic crystal companies are as follows:

• Corning Incorporated
• Furukawa Electric
• Glophotonics
• Gooch & Housego
• Hamamatsu Photonics

Q5. Which photonic crystal market segment will be the largest in future?

Answer: Lucintel forecasts that 1-D photonic crystal is expected to witness highest growth over the forecast period as it is easy to fabricate using a variety of techniques, such as thin film deposition and photolithography.

Q6. In photonic crystal market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to strong growth of the electronics industry and presence of major players in the region.

Q7. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the photonic crystal market by type (1-D photonic crystals, 2-D photonic crystals, and 3-D photonic crystals), application (optical fiber, LED, image sensor, solar and PV cell, laser, discrete and integrated optical component, and others), end use (industrial, aerospace and defense, life sciences and healthcare, research and development (R&D), and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?