The global nanophotonics market size is expected to grow from $13.84 billion in 2021 to $18.25 billion in 2022 at a compound annual growth rate (CAGR) of 31.8%. The global nanophotonics market size is expected to grow to $57.4 billion in 2026 at a CAGR of 33.2%.
What is the Global Nanophotonics Market?
The nanophotonic market consists of nanoparticles products by entities (organizations, sole traders, partnerships) that is focused on behaviour of light on nanometre scale and also interaction of with light towards nanometersized objects. Nanophotonics or nano-optics is a part of nanotechnology that investigates the behaviour of light on nanometre scales.
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What drives the Global Nanophotonics Market?
The increasing demand for optical fibers and other telecommunication devices is driving the growth of the nanophotonic market. Adding nanoparticles to the optical fibers has allowed latest and most advanced features like improved refractive index, sensing, computation. For instance, according to IEEE, a professional association for electronic engineering and electrical engineering, India has an optical fiber-based network reaching 28 lakh (100,000) kilometers, compared to the National Broadband Mission's goal of deploying 50 lakh kilometers of optical fiber by 2024. This means that the country still has scope to install more optical fiber with rise in population. Hence, the demand for optical fiber will drive the nanophotonic market.
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Global Nanophotonics Market Segments
The global nanophotonics market is segmented:
By Product: LED, OLED, NFO, Photovoltaic Cells, Optical Amplifier, Optical Switches, Holographic Data Storage System
By Material: Quantum Dots, Photonic Crystals, Plasmonic, Nanotubes, Nanoribbons
By Application: Telecommunications, Entertainment, Consumer Electronics, Indicator and Signs, Lighting, Non-Visual Applications, Others
By Geography: The regions covered in the nanophotonics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Nanophotonics Global Market Report 2022provides market size and growth forecasts for the global nanophotonics market, global nanophotonics market share, nanophotonics market segments and geographies, nanophotonics market competitive landscape including leading competitors’ revenues, profiles and market shares. The nanophotonics market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Nanophotonics Industry Playersinclude Carbon Solutions, Cambrios Technologies, Catalytic Materials, Cnano Technology, Cree, LG Display, Nanocs, Nanocyl, Nanoco Technologies, nanoPHAB, Nanosys, Nanostructured & Amorphous Materials, OSRAM Opto Semiconductors, Philips Lumileds Lighting, QD Vision, Quantum Materials, TCL Display Technology, Sharp Corporation, Novaled GmbH, IBM Corporation. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
