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Nanophotonics Market Report by Product Type (LED, OLED, Near Field Optics, Photovoltaic Cells, Optical Amplifiers, Optical Switches, and Others), Nanophotonic Material (Plasmonics, Photonic Crystals, Nanotubes, Nanoribbons, Quantum Dots, and Others), End Use (Telecommunication, Consumer Electronics and Entertainment, Digital Signage, Lighting, Bio-Imaging, and Others), and Region 2024-2032
Report Format: PDF+Excel | Report ID: SR112024A3180
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Market Overview:
The global nanophotonics market size reached US$ 14.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 28.3 Billion by 2032, exhibiting a growth rate (CAGR) of 7.2% during 2024-2032.
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Report Attribute
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Key Statistics
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|---|---|
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Base Year
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2023
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Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Size in 2023
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US$ 14.9 Billion |
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Market Forecast in 2032
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US$ 28.3 Billion |
| Market Growth Rate 2024-2032 | 7.2% |
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.
Nanophotonics Market Trends:
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.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global nanophotonics market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on product type, nanophotonic material and end use.
Breakup by Product Type:
- LED
- OLED
- Near Field Optics
- Photovoltaic Cells
- Optical Amplifiers
- Optical Switches
- Others
Breakup by Nanophotonic Material:
- Plasmonics
- Photonic Crystals
- Nanotubes
- Nanoribbons
- Quantum Dots
- Others
Breakup by End Use:
- Telecommunication
- Consumer Electronics and Entertainment
- Digital Signage
- Lighting
- Bio-Imaging
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
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.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | US$ Billion |
| Segment Coverage | Product Type, Nanophotonic Material, End Use, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | 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 |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 3899 Five User License: US$ 4899 Corporate License: US$ 5899 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global nanophotonics market was valued at US$ 14.9 Billion in 2023.
We expect the global nanophotonics market to exhibit a CAGR of 7.2% during 2024-2032.
The rising demand for nanophotonics to manufacture LED and OLED components with compressed size, higher functionalities, improved data transmission speed, and longer operational life, is primarily driving the global nanophotonics market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous manufacturing units for nanophotonics.
Based on the product type, the global nanophotonics market can be segmented into LED, OLED, near field optics, photovoltaic cells, optical amplifiers, optical switches, and others. Currently, LED holds the majority of the total market share.
Based on the nanophotonic material, the global nanophotonics market has been divided into plasmonics, photonic crystals, nanotubes, nanoribbons, quantum dots, and others. Among these, quantum dots currently exhibit a clear dominance in the market.
Based on the end use, the global nanophotonics market can be categorized into telecommunication, consumer electronics and entertainment, digital signage, lighting, bio-imaging, and others. Currently, consumer electronics and entertainment accounts for the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global nanophotonics market include 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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