According to the most recent information available from Future Market Insights’ market analysis of photonic crystal displays, the size of the worldwide photonic crystal displays market is predicted to reach US$ 114946.4 million by 2032. The global market is expected to reach US$ 56334.2 million in 2022 and will grow at a CAGR of 7.40% from that year to 2032.
The Photonic crystals display market is growing significantly in industrial research as it is providing new tools for the manipulation of photons. Photonic crystal display refers to a structure in which materials with diverse refractive indexes are periodically arranged. Photonic crystal displays provides low power consumption, high reflectivity and high pixels-per-inch resolution. It is widely used in LEDs, bio-photonics, optics, optoelectronics, quantum engineering and others.
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Photonic crystal displays Market: Drivers and Challenges
27The major driver for Photonic crystal displays drivers is the increasein demand for photonic crystals displays in LEDs due to less power consumption , and growth in Research and Development activities, and unique properties of this crystals drive the growth of the photonic crystals display market. In addition to that, the adoption of advanced technology in areas such as LEDs, optical fibers, laser, image sensors, solar and others is driving the Photonic crystal displays market.
In contrast to this, absence of reliable fabrication methodologies and complexities associated with the formulation of crystals is restraining the Photonic crystal displays market.
Photonic crystal displays Market: key players
Some of the key players for Photonic crystal display market are Palo Alto Research Center (PARC), Opalux, Lockeed Martin, Corning Incorporated, Photonic Lattice Inc., Rohm Co., Agilent Technologies, Microcontinuum and Lightwave Power, ICX Photonics, Epistar, Fianium, TDK Corporation, OmniGuide, Micron Technology, Luxtaltek Corporation, Canon Kabushiki Kaisha (Canon), Advanced Photonic Crystals (APC), Philips Lumileds Lighting Company, LG Innotek, NKT Photonics, Samsung LLC, Panasonic, and Luminus Devices Inc.
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Photonic crystal displays Market: Regional Overview
Photonic crystal display Market is currently dominated by North America due to maximum number of manufacturing companies in this region such as Lockheed Martin, Agilent Technologies, Palo Alto Research Center (PARC) and others which are based in North America itself and are expanding their business outside North America region.
Asia-Pacific shows the fastest growth rate owing to the economic development and rise in R&D activities for different application areas such as optical chip, sensing, lasers, and others.
Photonic crystal display Market Dynamics
- Historical Actual Market Size, 2013 – 2015
- Photonic crystal display Market Size & Forecast 2017 to 2027
- Value Chain
- Photonic crystal display Market Current Trends/Issues/Challenges
- Competition & Companies involved
- Photonic crystal display Market Drivers and Restraints
Key Segments of the Photonic Crystal Displays Market
By Type:
- One Dimensional Photonic Crystal
- Two Dimensional Photonic Crystals
- Three Dimensional Photonic Crystals
By Application:
- Optical Fiber
- LEDS
- Image Sensors
- Solar & PV Cells
- Lasers
- Discrete & Integrated Optical Components
- Others
By End User:
- IT and Telecommunications
- Manufacturing
- Transportation and Logistics
- Defense and Government
- BFSI
- Healthcare
- Retail
- Energy and Utilities
- Others
By Region:
- North America
- Latin America
- Asia Pacific
- MEA
- Europe
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