Materials News Uncategorized

Nanophotonics Market to Witness the Highest Growth Globally in Coming Years

Nanophotonics Market
Press Release

The global nanophotonics market is growing, due to increasing application of the technology in optical communication, organic light emitting diodes (OLED) and light emitting diodes (LED).

The reduction in manufacturing cost with the use of nanophotonics is one of the major factors providing ample opportunities for the global market. The high cost of raw materials, difficulty with large scale production and limited commercialization are some of the major factors restraining the growth of the global market.

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Nanophotonics is the study of communication of nanometer scale objects with light and the performance of light on the nanometer scale. Nanophotonics supports in fulfilling the system bandwidth demands and also supports the system to reduce the area and power of on-stack and off-stack interconnects.

Nanophotonics is the combination of optoelectronics, nanotechnology and photonics. Nanotechnology is the most preferred technology by research laboratories and companies, due to   its high development prospects. Optoelectronics and photonics have modernized the semiconductor and electronics industry.

In 2014, Asia-Pacific led the global nanophotonics market and is also expected to maintain its dominance during the forecast period; whereas, the market in Europe is growing with the highest rate.

Some of the components of nanophotonics are quantum dots, plasmonics, nanotubes, crystals and nanoribbons. Among all the components, the plasmonics segment is expected to grow with the highest rate in the coming years, due to its potential in energy based products, such as solar cells.

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Some of the competitors in the global nanophotonics market are Samsung SDI Co Ltd., Intel Corporation, International Business Machines Corporation, OSRAM Licht AG, Lumileds Holding B.V., and EPISTAR Corporation.

Global Nanophotonics Market Segmentation
By Components

  • Organic Light Emitting Diodes (OLED)
    • Passive Matrix OLED
    • Active Matrix OLED
  • Light Emitting Diode (LED)
    • High Beam LED
    • Flashing LED
    • UV LED
    • Alphanumeric LED
  • Optical Amplifiers
    • Raman Amplifiers
    • Optical Fiber Amplifiers
    • Semiconductor Optical Amplifiers
  • Near Field Optics (NFO)
  • Photovoltaic (PV) Cells
    • Ribbon Silicon PV Cells
    • Poly Crystal line Silicon PV Cells
    • Mono Crystalline Silicon PV Cells
    • Amorphous Thin Film Silicon PV Cells
  • Holographic Data Storage System
  • Others

By Application

  • Consumer Electronics
  • Material Science
  • Non Visible Wavelength Instruments
  • Non Visual Applications
  • Indicators and Signs
  • Others

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