The global nanophotonics market is growing, due to increasing application of the technology in optical communication, organic light emitting diodes (OLED) and light emitting diodes (LED). Additionally, the energy-efficient designs and large optical bandwidth are offered by nanophotonics, which is further supporting the growth of the global market. The reduction in manufacturing cost with the use of nanophotonics is one of the major factors providing ample opportunities for the global market. The high cost of raw materials, difficulty with large scale production and limited commercialization are some of the major factors restraining the growth of the global market.
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In 2014, Asia-Pacific led the global nanophotonics market and is also expected to maintain its dominance during the forecast period; whereas, the market in Europe is growing with the highest rate. The European market is growing with the highest rate due to large consumer base for the nanophotonic devices in the region. Additionally, huge investment in research and development due to the increasing number of application areas of nanophotonic is also supporting the growth of the European market.
Nanophotonics is the combination of optoelectronics, nanotechnology and photonics. Nanotechnology is the most preferred technology by research laboratories and companies, due to its high development prospects. Optoelectronics and photonics have modernized the semiconductor and electronics industry. Among all the components, light emitting diode (LED) segment led the global market in 2014. Among LED subcategories, the high beam LED segment dominated the market followed by ultraviolet (UV) LED in 2014. Optical amplifier is expected to grow with the highest rate among all the products, in the coming years. Among all the optical amplifiers, optical fiber amplifier is expected to grow with the highest rate followed by semiconductor optical amplifiers.
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Some of the competitors in the global nanophotonics market are Samsung SDI Co Ltd., Intel Corporation, International Business Machines Corporation, OSRAM Licht AG, Lumileds Holding B.V., and EPISTAR Corporation.
Global Nanophotonics Market Segmentation
- Organic Light Emitting Diodes (OLED)
- Passive Matrix OLED
- Active Matrix OLED
- Light Emitting Diode (LED)
- High Beam LED
- Flashing LED
- UV LED
- Alphanumeric LED
- Optical Amplifiers
- Raman Amplifiers
- Optical Fiber Amplifiers
- Semiconductor Optical Amplifiers
- Near Field Optics (NFO)
- Photovoltaic (PV) Cells
- Ribbon Silicon PV Cells
- Poly Crystal line Silicon PV Cells
- Mono Crystalline Silicon PV Cells
- Amorphous Thin Film Silicon PV Cells
- Holographic Data Storage System
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