The Global Market for Photonic Crystals Based Components and Modules is Projected to Reach US$24.5 Billion by 2024

Growing Interest in the Physics of Light to Enable Optical Communications Drives Opportunities for Photonic Crystals, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Photonic Crystals market. The global market for Photonic Crystals Based Components and Modules is projected to reach US$24.5 billion by 2024, driven by technology developments in the field of photonics and special interest in photonic crystals to resolve signal communication issues on a chip.

Radical breakthroughs in semiconductor physics have enabled engineers to control the conducting properties of materials, unleashing a revolution in the field of electronics by scaling down the components on a chip and allowing the integration of a growing number of transistors on a single chip. The resulting tighter packaging of the chip however creates signal propagation delay among different components of the chip, resulting in computation delay which significantly impacts the performance of the chip. Interconnect bottleneck therefore represents the primary challenge facing the semiconductor industry. As an antidote to the problem, the field of photonics is witnessing significant interest given the fact that using photons instead of electrons can enhance the signal communication on a chip. However, silicon’s poor optical properties create massive design challenges in integrating optical components on silicon chips. Photonic crystals (PhCs), in this regard, help ease the bottleneck by creating artificial “band gaps” and providing control over the optical properties of materials. These band gaps help light processing by either allowing or preventing light to pass through. PhCs manipulate light beams much the same way as modern semiconductor materials control electric currents.

A novel type of photonic structure, PhCs are optical materials used to control and manipulate light flow, causing distinct optical phenomena. PhCs have excellent ability to control electromagnetic waves and radiation. Demand potential for these novel light flow-altering optical materials is forecast to benefit from increasing applications in the field of science, technology, biology and medicine. PhCs are emerging as a substitute to semiconductor fabrication, although significant technological developments are still required. Some of the commercialized photonic crystal based solutions in the market include silicon nano-photonic integrated circuits, photonic crystal optical fibers, specialty photonic crystal fibers for surgical equipment and cancer therapy, among others. PhCs based ICs have the potential to help electronics engineers to stretch the limits of optoelectronic miniaturization. Development of Nanoscopic lasers represents just one potential possibility. There is a growing interest in PhCs for higher dimensions, particularly in applied and fundamental research. 2D PhCs continue to prosper in a wide range of applications, given their ability to perfectly control light movement in two dimensions. The market is also witnessing significant interest in 3D PhCs, which promise to elevate performance levels of photonic crystals to new highs and transform the market when they enter commercialization.

As stated by the new market research report on Photonic Crystals, Asia-Pacific represents the largest and the fastest growing market worldwide, with a projected CAGR of 14.2% over the analysis period. The growth in the region is led by the competitiveness of electronic manufacturing in countries such as Taiwan, Korea and China, and the continued transition of the semiconductor industry to smaller process geometries. LEDs represent the largest application area, while biosensors and solar & PV cells are expected to spur sales of photonic crystals based components and modules.  

Major players in the market include Corning Incorporated, FLIR® Systems Inc., Furukawa Co. Ltd., GLOphotonics SAS, Gooch & Housego PLC, Lumentum Holdings Inc., MicroContinuum Inc., NKT Photonics A/S, Opalux Inc., Photonic Lattice Inc., Teledyne Scientific & Imaging, and Zecotek Photonics Inc.

The research report titled “Photonic Crystals: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections for photonic crystals-based components and modules in US$ terms for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Netherlands and Rest of Europe), Asia-Pacific (China, South Korea, Taiwan and Rest of Asia-Pacific) and Rest of World. The report also analyzes the global and regional markets by the following applications - Solar & PV Cells, Display, LEDs, Optical Fibers and Others.

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