Photonic-crystal Fiber (PCF) Market Size & Share, by Core (Solid, Hollow core); Transmission Mechanism (Index, Bandgap Guiding); Application (Sensors, Solar & PV Cell, Lasers, Optical Fiber); End-user (Optics, Bio-Technology, Astronomy, Medicine) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 3695
  • Published Date: Aug 01, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2035

Photonic-crystal Fiber Market size is estimated to reach USD 40 Million by the end of 2035, growing at a CAGR of 5.5% during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of photonic-crystal fiber was USD 28.3 Million. The market growth increasing benefits of photonic crystal fibers over conventional optical fibers, and the rising investment in the telecommunication sector are driving market growth.

There has been increasing use of photonic crystals for electronics is expected to drive the photonic-crystal fiber market growth. LED grow light with photonic crystals engraved on them can guide light emission at specified angles and increase brightness without spending more power. These devices have the potential to revolutionize the lighting sector and promote wider adoption of ecologically friendly lighting solutions.


Photonic-crystal Fiber (PCF) Market
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Photonic-crystal Fiber (PCF) Market: Growth Drivers and Challenge

Growth Drivers

  • Increasing Role of Government in Shaping the Photonic Fiber Industry: Government regulation and policy play an important role in shaping the photonic fiber industry. The new legislation may make it possible for businesses to adopt sustainable practices or impose limits on certain types of photonic fiber crystal products.
  • Growing E-Commerce Sector: The rise of online shopping through e-commerce platforms such as online retail has made it easier for consumers to purchase photonic-crystal fiber products and compare prices, making it more convenient.
  • Demand for Sustainable Solutions Increases: Consumer has become aware of the protection of the environment through the adoption of environmentally friendly products and services, resulting in an increased demand for sustainably produced photo crystal fiber.

Challenges

  • High Cost of Photonic-crystal Fibers- Intricate structures that require specialized manufacturing techniques, producing these fibers with high precision, and quality can be expensive, leading to higher costs compared to conventional optical fiber. Despite their unique properties, photonic-crystal fibers may have faced challenges in achieving widespread commercial adoption.
  • Standardization and Interoperability.
  • High Competition Market Field.

Photonic-crystal Fiber (PCF) Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

~ 5.5%

Base Year Market Size (2022)

 ~ USD 28.3 Million

Forecast Year Market Size (2035)

 ~ USD 40 Million

Regional synopsis

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Photonic-crystal Fiber Segmentation

Application (Sensors, Solar & PV Cell, Lasers, Optical Fiber)

The solar & PV cell segment in the photonic-crystal fiber market is predicted to hold the largest share of 35 % in the near future. Photonic crystals can be used to stimulate enhanced light transmission in solar cells and photovoltaics so as to make the most efficient use of sunlight. As the world's demand for reliable power is expected to increase, solar energy can be an ideal source of fossil fuel replacement and will offer attractive growth opportunities in the short term for those involved in optical crystals.

End-user (Optics, Bio-Technology, Astronomy, Medicine)

Photonic-crystal fiber market from the IT and telecommunications segment is expected to hold a significant share throughout the forecasted period. This can be attributed to the increasing popularity of photonic computing, which is faster, use light instead of electricity, and operate at lower temperatures than conventional electronic systems. The use of photonics data could be transmitted more quickly and at wider distances with no degradation in the signal.

Our in-depth analysis of the global market includes the following segments:

 

     Core Type

  • Solid
  •  Hollow Core

 

     Transmission Mechanism

  • Index
  • Bandgap Guiding

 

 

     Application type

  • Sensors
  •  Lasers
  • Solar & PV Cell
  • Optical Fiber

 

 

     End Use

  • Optics
  • Biotechnology
  • Astronomy
  • Medicine

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Photonic-crystal Fiber - Regional Synopsis

APAC Market Forecast

The Asia Pacific photonic-crystal fiber market is estimated to hold the largest revenue share of 31 % in the upcoming years. The world's largest research & development, R&D, and production center of optical fibers & cable is considered to be the East Lake High-tech Development Zone in Wuhan, China. In addition, high demand is expected to be generated in this region and revenues are projected to increase due to the strong internet connection and a large consumer base of photonic crystal. Furthermore, there has been surging investment in healthcare, and telecommunications sectors in the Asia Pacific region, which further increases the demand for photonic-crystal in the Asia Pacific region.

North American Market Forecast

The photonic-crystal fiber market in the North America is set to a tremendous share of 29 % by the end of 2035. The growth of demand from a wide range of end users can be explained by the rising use of photonics. For instance, the use of photonics technology provides a considerable advantage in sensing, communications, and weapon systems for military purposes in the region. The fact that these systems are most commonly bought by the American military makes it very common for businesses to design and manufacture them. Also, there is a rising use of advanced communication technologies in the North America region, which is further estimated to elevate the growth of the market in the region.

Research Nester
Photonic-crystal Fiber (PCF) Market Size
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Companies Dominating the Photonic-crystal Fiber Market

top-features-companies
    • Opalux Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
    • SWOT Analysis
    • Photonics Bretagne
    • Furukawa Electric Co., Ltd.
    • Photeon Technologies GmbH
    • Dk Photonics
    • NKT Photonics A/S,
    • Corning Incorporated

In the News

  • Photonics Bretagne in association with ixblue photonics, announced an agreement, where the latter would distribute portfolio fibres, which include microstructure fibres, such as hollow core, airclad, supercontinuum, and others, along with multicore fibers, produced by Photonics Bretagne.
  • NKT Photonics A/S announced that it has collaborated with ALPhANOV for the distribution of photonic-crystal fiber (PCF) manufactured by NKT photonics. The collaboration is further aimed at providing user-friendly aeroGUIDE photonic crystal fiber large mode area (PCF LMA) fiber delivery solutions, a solution which is made by the combined effort of both organizations, for the photonic market
  •  

Author Credits:  Abhishek Verma, Hetal Singh


  • Report ID: 3695
  • Published Date: Aug 01, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The major factors driving the growth of the market are the increasing benefits of photonic-crystal fiber over conventional optical fibers, and the rising investment in the telecommunication sector are driving market growth.

The market size of reed sensors is anticipated to attain a CAGR of ~5.5% over the forecast period, i.e., 2023 – 2035.

The major players in the market are Photonics Bretagne, Furukawa Electric Co., Ltd., Photeon Technologies GmbH, Dk Photonics, NKT Photonics A/S, Corning Incorporated, NeoPhotonics Corporation, IPG Photonics Corporation, and others.

The sensors segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the Europe region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Photonic-crystal Fiber Market Report Scope
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