Share
Nanophotonics Market: By Product Type (LEDs and OLEDs, Near Field Optics, Photovoltaic Cells, Optical Amplifiers, Optical Switches, Holographic Memory), By Material (Plasmonics, Photonic Crystals, Nanotubes, Nanoribbons, Quantum Dots, Others), By Application (Entertainment, Consumer Electronics, Indicators and Signs, Lighting, Telecommunication, Non-Visual Applications), And Region - Global Analysis of Market Size, Share & Trends For 2021-2022 And Forecasts To 2032
Nanophotonics, also known as nano-optics is the study of how light behaves at the nanoscale scale and how nanometer-scale objects interact with light. It is a subfield of nanotechnology, electrical engineering, optical engineering, and optics. It normally uses metallic or dielectric components that can focus and transport light via surface plasmon polaritons like nanoantennas. Some of the main application areas of nanophotonics are sensing, with point-of-care medical diagnostics being an area of particular growth, display technologies, and optoelectronics or photovoltaic devices. In the medical field, nanophotonics can be applied to point-of-care devices or offline medical equipment for biosensing, such as detecting particular DNA aptamers to diagnose a particular disease.
Nanophotonics to surpass USD 73.4 billion by 2032 from USD 13.38 billion in 2021 at a CAGR of 16.8% in the coming years, i.e., 2022-32. The increased use of the technology in optical communication, organic light emitting diodes (OLED), and light emitting diodes (LED) is driving the growth of the global Nanophotonics Market. Nanophotonics also provides enormous optical bandwidth and energy-efficient designs, which is boosting the growth of the global market.
Nanophotonics Market is categorized on the basis of Product Type into LEDs and OLEDs, Near Field Optics, Photovoltaic Cells, Optical Amplifiers, Optical Switches, and Holographic Memory. The LEDs and OLEDs segment is projected to lead the Nanophotonics Market over the forecast period. Since LEDs and OLEDs are used in various products, such as smartphones, TV displays, and other devices, they are becoming more and more popular. The market is expanding due to the growing use of nanophotonic LEDs and OLEDs in flat panel display manufacturing and lighting applications. These economical and energy-efficient solutions are gaining popularity among end users.
Nanophotonics Market is categorized on the basis of Application into Entertainment, Consumer Electronics, Indicators and Signs, Lighting, Telecommunication, and Non-Visual Applications. The Consumer Electronics segment is projected to dominate the market in the coming years. This segment is being driven by a rise in consumer electronics manufacturers as a result of rising customer demand. During the coronavirus epidemic, sales of laptops, cellphones, smart gadgets, tablets, PCs, wearable technology, etc. were increased significantly. Manufacturers are using new trends and technologies to create nanophotonics goods that are useful in various end-use industries.
The widespread use of nanophotonics in applications for communication, electronics, biotechnology, solar power conversion, and the military is the main factor driving the global Nanophotonics Market. Relating to this, the market is growing due to the increasing use of LED in consumer electronics. High thermal conductivity and modulation rates for solid-state lighting are provided by nanophotonics, which boosts the devices' performance and the caliber of the light they output.
Small-scale power electronics and transistors are being combined on a single chip by producers of nanophotonic goods to increase bandwidth and speed up data transmission. Thus, direct light-based communication with other devices is made possible by the nanophotonic integrated circuits (ICs). Other growth-promoting factors include a number of product developments, such as the creation of atomic-thin metal halides and ultra-thin nanomaterials. These nanoparticles are also used in sensitive optical sensors to detect the environmental gases.
It is projected that high expenditures for equipment and raw materials, and also for research and development, will prevent the industry from flourishing progressively. To remove this obstacle, prices must be reduced, and patent application procedures must be standardized.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Nanophotonics Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. North America dominates the market due to increased regional investment in various nanophotonics R&D initiatives. Another element influencing the growth of the study and its products in the area is the growing need for nanophotonics in a variety of applications.
Increased investment in end-use industries in North America like consumer electronics, solar power conversion systems, and telecommunications is anticipated to fuel market growth over the next years. Nanophotonics has demonstrated promising global growth prospects during the predicted period in the area of consumer electronics. Since North America is a technologically advanced region, the consumer electronics industry there is largely mature and pervasive in the majority of households. As technology develops, the trend toward smart offices and homes is driving up demand for consumer gadgets like smart TVs, refrigerators, air conditioners, and more.
Beginning of the COVID-19, governments all over the world implement stringent lockdowns and other restrictions with varied time frames to stop the spread of the COVID-19 disease. End-user industries' operations were disrupted by the lockdowns. Since government laws had a significant negative impact on their earnings, several industries were forced to reduce or stop operations. Due to the pandemic's consequences, several sectors had to cut, halt, or postpone capital projects due to lower earnings.
Report Attribute |
Details |
|
Market Size Value in 2021 |
USD 13.38 billion |
|
Revenue Forecast in 2032 |
USD 73.4 billion |
|
Growth Rate |
CAGR of 16.8% from 2022 to 2032 |
|
Base Year for Estimation |
2021 |
|
Quantitative Units |
Revenue in USD billion and CAGR from 2022 to 2032 |
|
Report Coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
|
Segments Covered |
Product Type, Material, Application, and Region |
|
Regional Scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
|
Key Companies Profiled |
International Business Machines Corporation (IBM), Intel Corporation, Sharp Corporation, STMicroelectronics N.V., Hitachi Ltd., General Electric Company, Anders Electronics PLC, Schott AG, Cree Inc., Jenoptik AG, Seiko Epson Corporation, OSRAM Opto Semiconductors GmbH, Lumileds Holding B.V., Veeco Instruments Inc., WITec Wissenschaftliche Instrumente und Technologie GmbH, and Other Prominent Players. |
How big is the Nanophotonics Market?
Nanophotonics, also known as nano-optics is the study of how light behaves at the nanoscale scale and how nanometer-scale objects interact with light. It is a subfield of nanotechnology, electrical engineering, optical engineering, and optics.
The LEDs and OLEDs and Consumer Electronics segments accounted for the larger share of the Nanophotonics Market.
Key players in the Nanophotonics Market are International Business Machines Corporation (IBM), Intel Corporation, Sharp Corporation, STMicroelectronics N.V., Hitachi Ltd., General Electric Company, Anders Electronics PLC, Schott AG, Cree Inc., Jenoptik AG, Seiko Epson Corporation, OSRAM Opto Semiconductors GmbH, Lumileds Holding B.V., Veeco Instruments Inc., WITec Wissenschaftliche Instrumente und Technologie GmbH, and Other Prominent Players
The increased use of the technology in optical communication, organic light emitting diodes (OLED), and light emitting diodes (LED) is majorly driving the growth of the global Nanophotonics Market.
Select License Type
Select License Type
FATPOS CLIENT Appriciation DURING THE PROJECT
Working with Fatpos Global, allowed us to take advantage of their knowledge and easy approach, allowing us to collect important data utilizing a variety of techniques. The results were clearly presented and explained, and FG responded to our questions with speed and expertise.
|
Swiss-based global building materials manufacturer |
The analyses and presentations Fatpos Global have produced for us have been of a very high caliber and have allowed us to proactively improve our customer relationship management. They have also done so while maintaining complete anonymity. Without any doubt, we suggest Fatpos Global to you.
|
|
Tech-powered construction company |
We appreciate the team’s punctuality, flexibility in terms of report modification, post report purchase support and pleasant reaction all around. Overall, my experience with this company was nothing but positive, and I couldn't be more grateful for their excellent service. Thank you for all that you do!
|
|
American global management consulting firm |
We are able to concentrate on the topics and implications that are most important to our clients thanks to the adaptability and responsiveness of the team at Fatpos Global. We would highly recommend this company to anyone in need of their services, and I will certainly be using them again in the future.
|
|
Headquartered in Zug, Switzerland, leading supplier of medical and surgical instrument |
To better study our client demographics, develop the ideal product-price architecture, and enhance our target marketing initiatives, we hired Fatpos Global. Every component of the project was completed, and we are very happy with the useful insights and actionable results.
|
|
Kosovan company, A leading organic fertilizers producer |
Thank you for your team's generous assistance, The final report was delivered to me, and I find it to be really helpful. Also, you may be sure that I will get in touch with you if I ever require fresh materials for market research. Gratitude once more.
|
|
German specialty chemicals company based in Cologne, Germany |
