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The global nanophotonics market grew at a CAGR of around 7% during 2015-2020. Looking forward, IMARC Group expects the global market to exhibit moderate growth during the next five years. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use industries. These insights are included in the report as a major market contributor. Nanophotonics refers to a field of nanophysics that studies the interaction of photons with nano-structures. It usually consists of metallic components that can focus and transport light through the surface plasmon polaritons (SPPs) and includes quantum dots, plasmonics, nanotubes, nanoribbons and photonic crystals. They are used for the manufacturing of light-emitting diodes (LED), organic LEDs (OLED), near field optics, photovoltaic (PV) cells and optical components. Nanophotonics also facilitates the manufacturing of these advanced electronics with compressed size, higher functionalities, improved data transmission speed and longer operational life.
The global nanophotonics market is primarily being driven by the widespread adoption of nanophotonics for electronics, communication, biotechnological, defense and solar power conversion applications. In line with this, the growing adoption of LED in consumer electronics is also driving the market growth. Nanophotonics offer solid-state lighting with high thermal conductivity and modulation rate, thereby improving the operational efficiency of the devices and the quality of light emitted. Furthermore, manufacturers of nanophotonic products are integrating small-scale power electronics and transistors on a single chip for higher bandwidth and faster data transmission speed. This enables the nanophotonic integrated circuits (ICs) to communicate directly with other devices using light. Additionally, various product innovations, such as the development of ultra-thin nanomaterials and atomic-thin metal halides, are acting as other growth-inducing factors. These nanomaterials are used in sensitive optical sensors used for the detection of environmental gases. Other factors, including the widespread adoption of nanophotonics for chemical, biosensing and information technology (IT) applications, along with extensive research and development (R&D) activities, are anticipated to drive the market further across the globe.
IMARC Group provides an analysis of the key trends in each sub-segment of the global nanophotonics market report, along with forecasts for growth at the global and regional level from 2021-2026. Our report has categorized the market based on region, product type, nanophotonic material and end use.
Breakup by Product Type:
Breakup by Nanophotonic Material:
Breakup by End Use:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Anders Electronics PLC,Cree Inc.,Nanosys Inc.,Novaled GmbH (Samsung SDI Co.),OSRAM Opto Semiconductors GmbH,Lumileds Holding B.V.,Schott AG,Sharp Corporation,STMicroelectronics N.V.,Veeco Instruments Inc. and WITec Wissenschaftliche Instrumente und Technologie GmbH.
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