 Market.webp)
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.
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
~ 5.5% |
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Base Year Market Size (2022) |
~ USD 28.3 Million |
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Forecast Year Market Size (2035) |
~ USD 40 Million |
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Regional synopsis |
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Growth Drivers
Challenges
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:
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Core Type |
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Transmission Mechanism |
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Application type |
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End Use |
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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.
 Market Size.webp)
Author Credits: Abhishek Verma, Hetal Singh
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