Photonic Crystals Market Outlook to 2022 by Key Trends, Benefits, Challenge and Growing Demand

Photonic Crystals Market research report is classified on the basis of type, applications, end user and geography. Photonic crystals (PhCs) are novel class of optical media represented by natural or artificial structures with periodic modulation of the refractive index. Such optical media have some peculiar properties which gives an opportunity for a number of applications to be implemented on their basis. The factors that propel the market growth include increase in demand for photonic crystals in LEDs and growing R&D activities. In addition, ideal properties of photonic crystals such as exceptional control over behaviour of light, unusual optical dispersion, and others.

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Also, development of green photonics technologies and economic development in developing economies are projected to offer major growth opportunities to the industry players. On the other hand, there are also factors that hamper the growth of the market such as complications in the manufacturing of photonic crystals.

On the basis of type, the market research report is classified as one-dimensional (1D), two-dimensional (2D), and three-dimensional (3D) photonic crystals. Currently, the 2D photonic crystal segment is of great concern due to the dimensional lattice structures, specifically square lattice, hexagonal lattice, honeycomb lattice, and others, and is projected to maintain its dominance during the analysis period. Moreover, these crystals are easier to analyse& formulate.

On the basis of applications, the market research report is classified as optical fibre, LEDs, image sensors, solar & PV cells, lasers, discrete & integrated optical components, and others. Among the applications, optical fibre segment is expected to hold a large share of the Photonic Crystals market research report. The optical fibre segment is followed by LED segment.

On the basis of end user, the market research report is classified as industrial, aerospace &defence, life sciences & healthcare, R&D, and others. Among the end user, industrial segment is projected to account a major share of the global market. There are a number of industrial applications wherein photonic crystals are used such as solar energy, optical sensing, lighting & displays and so on.

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