Product Overview
Photonics is a technology that integrates electronics with optics. Photonics are the unique technique that uses optical nanostructure that reflects motion of photons in the form of colorful band. Photonic crystal display is made of the photonic crystalline materials that can be built and designed to operate the propagation of light or photons. A photonic color display involves the alteration of the color band exhibited by the photonic crystals. The colorful band obtained by the photonics technique can be controlled by applying voltage and current. It has a high performance and enhanced display quality.
Market Size and Forecast
The global photonic crystal displays market is anticipated to expand at a CAGR around 8.50% during 2018-2027. It is expected to reach USD 90 billion market size by 2027. The various advantages of the photonic crystal displays such as low power consumption, high pixel resolution coupled with high reflectivity is estimated to be the primary reason for the growth of the global photonic crystal displays market during the forecast period.
The global photonic crystal displays market can be segmented on the basis of type, application, end-use industry and region. On the basis of type, it is sub-segmented into one dimensional photonic crystal, two dimensional photonic crystals and three dimensional photonic crystals. On the basis of application, it is sub-segmented into optical fiber, image sensors, solar & pv cells, lasers, discrete & integrated optical components and others. Solar & pv cells are anticipated to be the most lucrative sub-segment for the application segment. These cells are used to enhance the light trapping and make most efficient use of the solar energy. Solar energy is emerging as an alternative to the non-renewable sources of energy. Thus, it is expected to increase the demand for the solar & pv cells during the forecast period. On the basis of end-use industry, it is sub-segmented into BFSI, IT and telecommunications, manufacturing, transportation and logistics, defense and government, healthcare, retail, energy and utilities and others.
By region, global photonic crystal displays market is segmented into North America, Asia-Pacific, Latin America, Europe, Middle East and Africa. North America is anticipated to hold the largest market share for the global photonic crystal displays market during the forecast period. The presence of some of key players in the region is increasing the business opportunities which in turn is anticipated to boost the growth of the global photonic crystal displays market in the region. Asia-Pacific region is anticipated to be the fastest developing region for the global photonic crystal displays market. The rising economic development in the region coupled with the increasing research and development activities is also driving the demand for the photonic crystal displays across the globe.
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Market Segmentation
Our in-depth analysis segmented the global photonic crystal displays market in the following segments:
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-Use Industry:
- BFSI
- IT and Telecommunications
- Manufacturing
- Transportation and Logistics
- Defense and Government
- Healthcare
- Retail
- Energy and Utilities
- Others
By Region
Global photonic crystal displays market is further classified on the basis of region as follows:
- North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
- Europe (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific) Market size, Y-O-Y growth & Opportunity Analysis
- Middle East and Africa (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis
Growth Drivers and Challenges
The increasing adoption of the advanced technologies such as optical fibers, image sensors, laser, solar and others is anticipated to be growth driver for the global photonic crystal displays market during the forecast period. The other major growth driver for the global photonic crystal displays market is the increasing application of the photonic crystals in the LEDs for the power generation. The increasing research and development activities in the solar panel is also another factor for the increasing demand for the photonic crystals. This drives the demand for the photonic crystals displays market. The increasing demand for the photonic crystals from various end-use industries in order to generate power is anticipated to be the key factor for the growth of the global photonic crystal displays market during the forecast period. The increasing demand for the clean energy from the various industries is anticipated boost the demand for the photonic crystals. Moreover, strict government norms is anticipated to boost the growth of the global photonic crystal displays market during the forecast period.
However, difficulties associated with the applications of the crystals are anticipated to hinder the growth of the global photonic crystal displays market during the forecast period.
Top Featured Companies Dominating The Market
- Samsung LLC
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Panasonic Corning Incorporated
- Palo Alto Research Center (PARC)
- Opalux
- Lockeed Martin
- Agilent Technologies
- Photonic Lattice Inc.
- Rohm Co.
- ICX Photonics
- Microcontinuum and Lightwave Power
- TDK Corporation
- Epistar
- Fianium
- Canon Kabushiki Kaisha (Canon)
- OmniGuide
- Micron Technology
- Luxtaltek Corporation
