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Global Nanophotonic Market – Industry Analysis And Forecast
Global nanophotonic market size was US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of ~20% during the forecast period.
Global Nanophotonic Market
The report study has analyzed the revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis.
Nanophotonic, also known as nano optics, is the branch of nanotechnology, electrical engineering, optics and optical engineering.
It is basically the study of the interaction and of the performance of light or object on the nanometer scale.
Increasing technological advancements in the field of Nanophotonic to use in variety of sectors from biochemistry to electrical engineering is the major driving factor behind the growth of the market. A surge in the demand of LEDs and solid state lighting, increasing significance of Nanophotonic in solar cell, micro-electronics and spectroscopy applications, rising government regulations and initiatives to use energy efficient lighting technology and growing adoption of Nanophotonic technology in optical switching for telecommunication applications are expected to improve the growth of the market during the forecast period.
However, high costs of Nanophotonic components or devices is the major restraining factor that could restrict the growth of the market.
Global Nanophotonic Market: Segmentation Analysis
By component, optoelectronics and microelectronics segment dominated the market in 2019 and is projected to witness high growth at a CAGR of XX% during the forecast period. A surge in the adoption of optoelectronics components or devices such as LED traffic lights, solar cells, telecommunication laser, photo diodes and optical fibres for number of applications is contributed to the growth of the market. In addition, increasing demand of microelectronics devices such as capacitors, transistors, inductors, diodes, resistors and so on to use in various electronics devices is escalating the growth of the market. Increasing adoption of LED lighting technology by various end-users owing to its benefits such as long life and energy efficiency is further resulting into the growth of the market.
Alternatively, spectroscopy and microscopy segments are projected to witness fast growth at a CAGR of XX% during the forecast period. A growing use of Nanophotonic technology in nonlinear optics such as in surface-enhanced Raman scattering technique and near field microscopy applications is propelling the market growth.
Global Nanophotonic Market: Regional Analysis
Region-wise, Asia Pacific held the largest market share in 2019 and is expected to maintain its dominance at a CAGR of XX% during the forecast period. The economies such as China, Japan, South Korea, and India are the major key contributors behind the growth of the market. The growth is attributed to the massive presence of LED, PV cells, and Nanophotonic diode manufacturers across the region.
A surge in the adoption of LED lighting technology, growing advancements in OLED technology, rising adoption of OLED display technology in Smartphone’s along with the rising number of Smartphone users, availability of low costs raw material and labors and growing market for semiconductor manufacturing industry are driving the growth of the market in APAC region.
The objective of the report is to present a comprehensive analysis of the Global Nanophotonic Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Nanophotonic Market dynamics, structure by analyzing the market segments and projects the Global Nanophotonic Market. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Nanophotonic Market make the report investor’s guide.
Scope of Global Nanophotonic Market
Global Nanophotonic Market, By Component
• Optoelectronics & Microelectronics
• Nanophotonic diodes
• Solar Cells
Global Nanophotonic Market, By Application
• Consumer Electronics
• Material Science
• Non-Visible Wavelength Instruments
• Non-Visual Applications
• Indicators and Signs
Global Nanophotonic Market, By Region
• North America
• Asia Pacific
• South America
• Middle East and Africa
Global Nanophotonic Market, Key Players
• Blue Nano
• Carbon Solutions
• Cambrios Technologies
• Catalytic Materials
• Cnano Technology
• LG Display
• Materials and Electrochemical Research
• Nanoco Technologies
• Nanostructured & Amorphous Materials
• OSRAM Opto Semiconductors
• Philips Lumileds Lighting
• QD Vision
• Quantum Materials
• Samsung SDI
• TCL Display Technology
• Universal Display
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