According to the latest report by IMARC Group, titled “Nanophotonics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026” the global nanophotonics market grew at a CAGR of around 7% during 2015-2020 expects the market to exhibit moderate growth during the next five years.Nanophotonic belongs to the field of nanophysics that analyzes the interaction of photons with nano-structures. It entails metallic components that can focus and transport light via surface plasmon polaritons (SPPs) and includes quantum dots, plasmonics, nanoribbons, nanotubes, and photonic crystals.
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Global Nanophotonics Market Trends:
The global market is primarily driven by the wide adoption of nanophotonic for electronics, biotechnological, communication, defense, and solar power conversion applications. Moreover, the rising utilization of LED in consumer electronics that provides solid-state lighting with a high modulation rate and thermal conductivity is also catalyzing the market growth. Additionally, several key manufacturers are incorporating small-scale transistors and power electronics on one chip for higher bandwidth and quick data transmission speed. This allows nanophotonic integrated circuits (ICs) to connect directly with other devices through light, thereby further augmenting the market growth.
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Global Nanophotonics Market 2021-2026 Analysis and Segmentation:
Competitive Landscape:
Anders Electronics PLC,Cree Inc.,Nanosys Inc.,Novaled GmbH (Samsung SDI Co.),OSRAM Opto Semiconductors GmbH,Lumileds Holding B.V.,Schott AG,Sharp Corporation,STMicroelectronics N.V.,Veeco Instruments Inc. and WITec Wissenschaftliche Instrumente und Technologie GmbH.
The report has segmented the market on the basis on region, product type, nanophotonic material and end use.
Breakup by Product Type:
LED
OLED
Near Field Optics
Photovoltaic Cells
Optical Amplifiers
Optical Switches
Others
Breakup by Nanophotonic Material:
Plasmonics
Photonic Crystals
Nanotubes
Nanoribbons
Quantum Dots
Others
Breakup by End Use:
Telecommunication
Consumer Electronics and Entertainment
Digital Signage
Lighting
Bio-Imaging
Others
Breakup by Region:
North America: (United States, Canada)
Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa
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