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.
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.
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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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
- Middle East and Africa
- Europe
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