The Worldwide Nanophotonic Industry is Expected to Reach $36+ Billion by 2026 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Global Nanophotonic Market (2021-2026) by Material, Equipment, Application, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis” report has been added to ResearchAndMarkets.com’s offering.

The Global Nanophotonic Market is estimated to be USD 12.67 Bn in 2021 and is expected to reach USD 36.49 Bn by 2026, growing at a CAGR of 23.56%.

The market’s key factor is the widespread adoption of Nanophotonics for electronics, communication, biotechnological, defense, and solar power conversion applications. The continuous focus by LED/OLED manufacturers to develop devices that consume less power and deliver high luminance efficiency is also one of the prominent factors.

Moreover, the increasing investment in research and development will flourish the market. Narrowing cost differential and upgrading efficiency in Nanophotonics will increase demand in coming years among consumers. Increasing demand for solid-state lighting with high thermal conductivity and modulation rate boosts the efficacy of devices and the quality of light emitted.

However, the lack of awareness and high development cost is restraining the market. The high cost of raw material and research development is a challenge in the market.

Market Segmentation

• The Global Nanophotonic Market is segmented further based on Material, Equipment, Application, and Geography.
• By Material Type, the market is classified as Nano-ribbon, Quantum Dots, Nano-Tubes, Photonic Crystals, Plasmonic.
• By Equipment Type, the market is classified as LED, OLED, PV cells, Optical Amplifier, Optical Switches, Others.
• By Application, the market is classified as Telecommunication, Healthcare, Consumer Electronics, Automotive, Others.
• By Geography, Asia Pacific is projected to lead the market.

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Nanophotonics Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes in-depth market analysis using Porter’s 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.
• The report also contains the competitive analysis using a Competitive Quadrant, the analyst’s proprietary competitive positioning tool.

Market Dynamics

Drivers

• Consume Less Power and Deliver High Luminance Efficiency
• Increasing Interest in Developing Optoelectronic
• Widespread Adoption of Nanophotonic
• Increasing Demand for Solid-State Lighting

Restraints

• Lack of Awareness
• High Development Cost

Opportunities

• Increasing Investment in Research and Development
• Narrowing Cost Differential and Improvement in Efficiency

Challenges

• High Cost of Raw Material

Companies Mentioned

• Blue Nano
• Buckyusa
• Cambridge Display Corporation
• Cambrios Technologies
• Carbon Solutions
• Catalytic Materials
• Cree Inc.
• Epistar Corporation
• General Electric
• Hitachi
• IBM
• Nanocyl
• Nanonics Imaging
• Nanosys
• Nichia Corp
• Novaled Gmbh
• Novarials
• Osram Gmbh
• Philips
• QD Vision
• Samsung
• Schott
• Sharp
• Sme LED
• Thorlabs

For more information about this report visit https://www.researchandmarkets.com/r/ryfnpx

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