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What are the New Trends and Advancements In The Photonic Crystals Market?

Author : Rahul Varpe | Published Date : 2019-03-25 

Photonic crystals market is divided based on its types into one dimensional, two dimensional and three dimensional. Currently, two-dimensional type segment holds significant share owing to its dimensional cross-sectional structure which includes, honeycomb lattice, hexagonal lattice and square lattice. The dominance of the segment is likely to be the same due to its easy analysis coupled with ease to formulate properties. The complexity involved in producing three dimensional will further enhance the two dimensional photonic crystals market.
 
Various applications of photonic crystals market are discrete and integrated optical components, lasers, solar & PV cells, image sensors, LEDs and optical fibres. Optical fibre contributes majorly owing to its superior properties of controlling flow of light and freedom to design by achieving specific properties. LEDs application follows the trend after optical fibres.  Solar and PV cells is likely to grow with significant CAGR in the forecast period owing to increasing use of solar energy over fossil fuels in various industries. Some other wide applications of the product include manufacturing of thin film optics that need high or low reflection coatings over lenses or mirrors.

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Based on the end user industry, photonic crystals market is categorized into industrial, aerospace, defence, and healthcare industry. industrial applications hold the major market share owing to increasing use of product in lightings, displays, optical sensing and solar energy.

Photonic Crystals Market size has experienced a significant growth in past couple of years and is expected to soar at high CAGR during the forecast years. The growth is attributed to rise in demand of product in LEDs and increased research and development operations in various region. Additionally, its demand is also increasing due to its excellent properties including unusual optical dispersion and exceptional control over light behaviour.

North America photonic crystals market has evolved gradually and is anticipated to register significant gains in projected years. The advent of multiple high-tech technologies and advancements has diversified the application range of product market which is having a positive outlook on the industry demand. Upsurge in aerospace & defence industries in the region has raised the product usage. Europe is booming at a substantial rate in photonic crystals market followed by North America and is expected to soar at moderate CAGR owing to rising R&D activities in the region. Several market leaders are trying to innovate new technologies enhancing the applications of the product.

Asia-Pacific is considerable photonic crystals market owing to growing number of initiatives in R&D activities. Further, increasing government support and research & development operations in Australia, China, Japan and Korea has augmented the product usage in the region. Increasing use of 2-D in various commercial applications will fuel the photonic crystals market between 2017 and 2024.
 
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Global photonic crystals market is highly fragmented and competitive in nature. Some of the key players present globally, are IPG, NKT, Corning, DK, GLO, Furukawa electric and Photeon. Several other well-known manufactures are ICX, Luminus Devices, Al=gilent Technologies, NEC, CPC, Omniguide, Lighwave Power, MicroContinuum and Epistar.

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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