Photonic Crystal Displays Market Poised for Brilliance, Projected to Exceed US$ 114,946.4 Million by 2032 at a CAGR of 7.40%

The global photonic crystal displays market is anticipated to reach US$ 114946.4 million by 2032, based on the most recent data available from Future Market Insights’ market analysis of photonic crystal displays. The market will expand at a CAGR of 7.40% from 2022 to 2032 when it is anticipated to reach US$ 56334.2 million.

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 provide 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:
27 The major driver for Photonic crystal display drivers is the increase in demand for photonic crystal displays in LEDs due to less power consumption, and growth in Research and Development activities, and the unique properties of these crystals drive the growth of the photonic crystal display market. In addition to that, the adoption of advanced technology in areas such as LEDs, optical fibers, laser, image sensors, solar, and others are driving the Photonic crystal displays market.

In contrast to this, the absence of reliable fabrication methodologies and complexities associated with the formulation of crystals is restraining the Photonic crystal displays market.

Photonic Crystal Displays Market: Regional Overview:
The photonic crystal display Market is currently dominated by North America due to the maximum number of manufacturing companies in this region such as Lockheed Martin, Agilent Technologies, Palo Alto Research Center (PARC), and others that 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 chips, 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 and companies involved
  • Photonic Crystal Display Market Drivers and Restraints

Leading Key Players:
Some of the key players in the Photonic crystal display market are Palo Alto Research Center (PARC), Opalux, Lockheed 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 Segmentation:

By Type:

  • One Dimensional Photonic Crystal
  • Two Dimensional Photonic Crystals
  • Three Dimensional Photonic Crystals

By Application:

  • Optical Fiber
  • LEADS
  • 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
  • META
  • Europe

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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