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ELECTRONICS & SMART DEVICES

Photonic Crystal Fiber (PCF) Market Segmentation by Core (Solid, and Hollow Core); by Transmission Mechanism (Index, and Bandgap Guiding); by Application (Sensors, Lasers, Telecommunication, and Others); and by End-Use Industry (Optics, Biotechnology, Astronomy, Medicine, and Others) – Global Demand Analysis & Opportunity Outlook 2020-2030

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Extensive insights into the Growth of Photonic Crystal Fiber Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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IN THE NEWS

  • February 9, 2021: Photonics Bretagne in association with iXblue Photonics, announced an agreement, where the latter would distribute portfolio fibers, which include microstructure fibers, such as hollow core, airclad, supercontinuum, and others, along with multicore fibers, produced by Photonics Bretagne.

  • August 4, 2020: 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 the organizations, for the photonics market.

Global Photonic Crystal Fiber (PCF) Market Highlights Over 2020 - 2030

The global photonic crystal fiber (PCF) market is estimated to garner a revenue of USD 109.5 Million by the end of 2030 by growing at a CAGR of 3.8% over the forecast period, i.e., 2021 – 2030. Moreover, in the year 2020, the market registered a revenue of USD 76.2 Million. The growth of the market can primarily be attributed to growing telecommunications industry worldwide and the increasing installations of cellular network towers, backed by the growing internet penetration and the rise in the adoption of smartphones globally. According to the statistics by the International Telecommunication Union (ITU), by the end of 2019, an estimated 4 Billion people, which represented close to 51% of the global population, were known to use the internet. PCFs are widely being used as connectivity cables between the various devices used in the telecommunication industry. With the growing investment in the telecom sector worldwide, along with the rise in the number of connected IoT devices, which is estimated to reach close to 25 Billion by the end of 2030, up from around 8 Billion in the year 2019, are some of the major factors estimated to contribute to the market growth in the coming years.

Photonic Crystal Fiber Market GraphAdditionally, the increasing adoption of 5G technology, along with the numerous benefits associated with the use of PFCs instead of conventional optical fibers are also expected to boost the market growth in the coming years.

Benefits of Photonic Crystal Fiber Graph

Moreover, the growing trade of optical fibers worldwide is also projected to drive the market growth in the coming years. According to the statistics by the International Trade Center (ITC), the imported value of optical fibers globally increased from USD 1664225 Thousand in the year 2014 to USD 2559937 Million in the year 2018.CLICK TO DOWNLOAD SAMPLE REPORT

value of imports Image

Global Photonic Crystal Fiber (PCF) Market Regional Synopsis

Regionally, the global photonic crystal fiber (PCF) market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Europe region is anticipated to garner the largest revenue of USD 35.9 Million by the end of 2030, up from a revenue of USD 26.0 Million in the year 2020. The market in the region is further expected to grow with a CAGR of 3.4% during the forecast period. The growth of the market in the region can be attributed to the availability of numerous market players who are working privately or through public-private partnership to advance in the field of photonics and photonic crystal fibers. Besides this, the growing supporting initiatives of the European Commission (EC) to launch at least one 5G network in every member state by the end of 2020, is also expected to contribute to the market growth in the coming years.

Target Graph

The market in the region is further segmented by country into the United Kingdom, Germany, Italy, France, Spain, Russia, Netherlands, and the Rest of Europe. Out of these, the market in Germany is anticipated to grow with a CAGR of 3.0% during the forecast period, and further touch a revenue of USD 6.7 Million by the end of 2030, up from a revenue of USD 5.0 Million in the year 2020.

The study further incorporates Y-O-Y Growth, market opportunities, demand & supply and forecast future opportunity in North America (United States, Canada, Mexico), South America, Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX [Belgium, Netherlands, Luxembourg], NORDIC [Norway, Denmark, Sweden, Finland], Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).

Growth Drivers and Challenges Impacting the Growth of the Global Photonic Crystal Fiber (PCF) Market

Growth Drivers

  • Numerous Benefits of Photonic Crystal Fibers (PCF) over Conventional Optical Fibers
  • Rising Investment in the Telecommunication Sector

Challenges

  • High Cost of PCF

Global Photonic Crystal Fiber (PCF) Market Segmentation Synopsis

The global photonic crystal fiber (PCF) market is segmented by core into solid core, and hollow core, out of which, the hollow core segment is expected to grow with the highest CAGR of 4.5% during the forecast period. By transmission mechanism, the market is segmented into index guiding, and bandgap guiding. Out of these, the bandgap guiding segment is anticipated to grow with the highest CAGR during the forecast period, while the index guiding segment is expected to garner the largest revenue by the end of 2030. The market is further segmented by application into sensors, lasers, telecommunications, and others. Out of these, the sensors segment is expected to generate the largest revenue of USD 38.0 Million by the end of 2030, up from a revenue of USD 27.2 Million in the year 2020. By end-use industry, the market is further segmented into optics, biotechnology, astronomy, medicine, and others. Out of these, the optics segment is projected to grow with a CAGR of 3.1% during the forecast period and garner the largest revenue of USD 31.7 Million by the end of 2030.

Key Companies Dominating the Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global photonic crystal fiber (PCF) market that are included in our report are NKT Photonics A/S, Photonics Bretagne, Glophotonics, SelenOptics, Flexilicate, and others.

Key Reasons to Buy Our Report

  • The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.
  • It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.
  • The report includes detailed company profiles of the major players dominating the market.
  • We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.
  • We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.

FREQUENTLY ASKED QUESTIONS

Global Photonic Crystal Fiber (PCF) Market TOC

  1. Market Definition and Research Methodology
    1. Market Definition and Segmentation
    2. Assumptions and Acronyms
    3. Research Objective
    4. Research Methodology
  2. Analyst Review
  3. Executive Summary
  4. Industry Value Chain Analysis
  5. Market Dynamics
    1. Drivers
    2. Challenges
    3. Trends
    4. Opportunities
  6. Regulatory & Standards Landscape
  7. Industry Risk Analysis
  8. Investment Feasibility Analysis
  9. Impact of COVID-19 on the global Photonic Crystal Fiber Market
  10. Average Pricing Analysis
  11. Comparative Feature Analysis
  12. Competitive Structure
  13. Global Photonic Crystal Fiber Market
    1. By Value (USD Million)
    2. Global Photonic Crystal Fiber Market Segmentation analysis 2020-2030
      1. By Core
        1. Solid Core
        2. Hollow Core
      2. By Transmission Mechanism
        1. Index Guiding
        2. Bandgap Guiding
      3. By Application
        1. Sensors
        2. Lasers
        3. Telecommunication
        4. Others
      4. By End-Use Industry
        1. Optics
        2. Biotechnology
        3. Astronomy
        4. Medicine
        5. Others
      5. By Region
        1. North America
        2. Europe
        3. Asia Pacific
        4. Latin America
        5. Middle East & Africa
  14. North America Photonic Crystal Fiber Market
    1. Market by Value (USD Million)
    2. Market Segmentation
      1. By Core
        1. Solid Core
        2. Hollow Core
      2. By Transmission Mechanism
        1. Index Guiding
        2. Bandgap Guiding
      3. By Application
        1. Sensors
        2. Lasers
        3. Telecommunication
        4. Others
      4. By End-Use Industry
        1. Optics
        2. Biotechnology
        3. Astronomy
        4. Medicine
        5. Others
      5. By Country
        1. United States
        2. Canada
  15. Europe America Photonic Crystal Fiber Market
    1. Market by Value (USD Million)
    2. Market Segmentation
      1. By Core
      2. By Transmission Mechanism
      3. By Application
      4. By End-Use Industry
      5. By Country
        1. United Kingdom
        2. Germany
        3. Italy
        4. France
        5. Spain
        6. Russia
        7. Netherlands
        8. Rest of Europe
  16. Asia Pacific Photonic Crystal Fiber Market
    1. Market by Value (USD Million)
    2. Market Segmentation
      1. By Core
      2. By Transmission Mechanism
      3. By Application
      4. By End-Use Industry
      5. By Country
        1. Australia
        2. Japan
        3. Vietnam
        4. India
        5. China
        6. South Korea
        7. Singapore
        8. Rest of Asia Pacific
  17. Latin America Photonic Crystal Fiber Market
    1. Market by Value (USD Million)
    2. Market Segmentation
      1. By Core
      2. By Transmission Mechanism
      3. By Application
      4. By End-Use Industry
      5. By Country
        1. Brazil
        2. Argentina
        3. Mexico
        4. Rest of Latin America
  18. Middle East & Africa Photonic Crystal Fiber Market
    1. Market by Value (USD Million)
    2. Market Segmentation
      1. By Core
      2. By Transmission Mechanism
      3. By Application
      4. By End-Use Industry
      5. By Country
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa

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