The latest released data from the Photonic Crystal Display Market analysis by Future Market Insights demonstrates that the global market size of photonic crystal displays is anticipated to reach USD 114946.4 million by 2032. The global market is valued at USD 56334.2 million in 2022 and is expanding at a CAGR of 7.40% during the forecast period from 2022 to 2032.
The demand for photonic crystal displays is considerably surging, particularly in industrial research, as it renders novel tools for photon manipulation. Photonic crystals display implies the usage of photonic crystals in applications of the next-generation reflective display.
| Report Attribute | Details |
|---|---|
| Photonic Crystal Displays Market Value (2022) | USD 56334.2 Million |
| Photonic Crystal Displays Market Anticipated Value (2032) | USD 114946.4 Million |
| Photonic Crystal Displays Projected Growth Rate (2022 to 2032) | 7.40% |
Photonic crystal displays offer higher reflectivity, lower power consumption, and high pixels-per-inch resolution, these abilities are the reasons for the increasing demand for photonic crystal displays, and this promotes the growth of the global photonic crystal displays market.
One single photonic crystal is an optical nanostructure that displays the photon's motion in the form of a colored band. This colored band can be controlled by employing voltage and current. These crystal displays give improved display quality and superior performance. Photonic crystals are broadly used in bio-photonics, LEDs, optoelectronics, optics, quantum engineering, and many others.
Photonic crystal display involves the tuning process of the colored band displayed by a photonic crystal. This material reflects all the spectral colors in the visible range, and therefore in a single display screen, it does not involve the use of bigger amounts of crystal. The demand for photonic crystal displays is rising because the colors produced via this process are additionally vibrant and have a broader range as compared to ordinary RGB.
Some of the other benefits of using photonic crystal displays in a device are higher reflectivity, reduced power consumption, and high pixels-per-inch resolution. These factors contribute to the growth of the global photonic crystal display market.
Photonic crystals come in three types, viz., one-dimensional, two-dimensional, and three-dimensional, which are used across several industries. Out of these, the one-dimensional photonic crystals are broadly used as thin film optics in high and low reflection coatings on mirrors and lenses to inks and paints that change color.
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The primary factors driving the growth of the global photonic crystal displays market are the rising adoption of enhanced technologies such as image sensors, optical fibers, solar, laser, and others. Moreover, the growing use of photonic crystals in LEDs for the generation of power is another key reason which contributes to the growth of this market.
The demand for photonic crystals is surging as there are more research and development activities in solar panels. This boosts the demand for the photonic crystal display market. Also, there is a surging demand for photonic crystals from several end-use industries to generate power, and this is predicted to be the major market driving factor of the global photonic crystal displays market during the forecast period.
Another factor promoting the demand for photonic crystals is the rising demand for clean and sustainable energy from many industries. Furthermore, stringent norms from the government are predicted to fuel the growth of the global photonic crystal display market during the forecast period.
One of the key materials in the next generation displays is Quantum Dots (QD). Having narrow full width at half maximum and high quantum efficiency, Quantum Dots allows extremely efficient display along with a broader color gamut in comparison to other types of displays. Photonic crystals are used to increase light extraction and material use of QD display, along with photonic stopband in LEDs.
More competitive and eco-friendly QD-LED products are produced with the help of photonic crystals as they develop high-intensity QD-LED with less QD use, and this results in a decreased amount of cadmium and less cost. Hence, several manufacturers are aiming to mix photonic crystals and Quantum Dots to deliver efficient and brighter displays for tablets, computers, and mobile phones.
Besides the market-driving factors, complications pertaining to the applications of crystals are predicted to hamper the global photonic crystal display market. Moreover, the dearth of reliable fabrication methodologies and complexities linked with the formulation of crystals is said to hinder the growth of the photonic crystal displays market during the forecast period.
North America is said to hold a market share of 19.90% of the global photonic crystal display market. The photonic crystal display Market is presently ruled by North America owing to an extreme number of manufacturing companies in this region, such as Agilent Technologies, Lockheed Martin, Palo Alto Research Center (PARC), and others, and they are growing their business outside North America region.
One of the other key market driving factors for the North American photonic crystal display market is the growing application of photonic crystals in LEDs for power generation.
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Besides North America, Asia Pacific portrays the swiftest growth rate owing to increasing research and development activities and overall economic development for different applications such as sensing, optical chip, lasers, and others.
Also, the Asia Pacific region is said to sustain its market position during the forecast period due to favorable government which is increasing the amount of investment in research and activities by market manufacturers operating in the photonic crystal displays market.
Multiple new players are entering the photonic crystal displays market. In January 2022, VitreaLab, an Austria-based start-up company that develops display technology by making use of glass-based waveguides, is the winner of the $10,000 top prize at the 12th annual SPIE Startup Challenge.
The company’s laser-lit chip concentrates on the 2D and 3D display market. The technology allows more power-efficient displays.
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Some of the key players in the Photonic Crystal Displays market are Palo Alto Research Center (PARC), Opalux, Lockheed Martin, Corning Incorporated, Photonic Lattice Inc., Rohm Co., Agilent Technologies, Microcontinuum and Lightwave Power, ICX Photonics, Epistar, Fianium, TDK Corporation, OmniGuide, Micron Technology, Luxtaltek Corporation, Canon Kabushiki Kaisha (Canon), Advanced Photonic Crystals (APC), Philips Lumileds Lighting Company, LG Innotek, NKT Photonics, Samsung LLC, Panasonic, and Luminus Devices Inc.
Market manufacturers have implemented strategies such as novel product approvals, new product launches, market initiatives, and mergers and acquisitions. For instance, in May 2022, Agilent Technologies announced a partnership agreement with APC Ltd., in which they dedicate themselves to functioning towards merging their technologies to render exclusive workflows to clients that encourage automated process analysis through liquid chromatography (LC).
Also, in June 2022, Agilent Technologies Inc. announced the release of its MassHunter BioConfirm 12.0 software, it supports data generated by Agilent high-resolution LC/MS for oligonucleotide purity analysis and sequence confirmation.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 7.40% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2016 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Type, Application, End User, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East and Africa |
| Key Countries Profiled | United States of America, Canada, Brazil, Argentina, Germany, United Kingdom, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC Countries, South Africa |
| Key Companies Profiled | Palo Alto Research Center (PARC); Opalux; Lockheed Martin; Corning Incorporated; Photonic Lattice Inc.; Rohm Co.; Agilent Technologies; Microcontinuum and Lightwave Power; ICX Photonics; Epistar; Fianium; TDK Corporation; OmniGuide; Micron Technology; Luxtaltek Corporation; Canon Kabushiki Kaisha (Canon); Advanced Photonic Crystals (APC); Philips Lumileds Lighting Company; LG Innotek; NKT Photonics; Samsung LLC; Panasonic; Luminus Devises Inc. |
| Customization | Available Upon Request |
The growth outlook for the photonic crystal displays market is predicted to advance at a CAGR of 7.40% from 2022 to 2032.
The North American region is anticipated to lead the photonic crystal displays market during the forecast period.
The photonic crystal displays market is likely to hold a valuation of USD 114946.4 Million by 2032.
1. Executive Summary | Photonic Crystal Displays Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Type 5.1. One Dimensional 5.2. Two Dimensional 5.3. Three Dimensional 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application 6.1. Optical Fiber 6.2. LEDs 6.3. Image Sensors 6.4. Solar & PV Cells 6.5. Lasers 6.6. Discrete & Integrated Optical Components 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Industry 7.1. IT and Telecommunications 7.2. Manufacturing 7.3. Transportation and Logistics 7.4. Defense and Government 7.5. BFSI 7.6. Healthcare 7.7. Retail 7.8. Energy and Utilities 8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. Asia Pacific 8.5. Middle East and Africa 9. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 14. Key Countries Market Analysis 15. Market Structure Analysis 16. Competition Analysis 16.1. Opalux 16.2. Lockheed Martin 16.3. Corning Incorporated 16.4. Photonic Lattice Inc. 16.5. Rohm Co. 16.6. Agilent Technologies 16.7. ICX Photonics 16.8. TDK Corporation 16.9. OmniGuide 16.10. Micron Technology 17. Assumptions & Acronyms Used 18. Research Methodology
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Photonic Crystal Displays Market
