Photonic Crystals are attractive optical materials for controlling and manipulating the flow of light. The global market for components and modules using Photonic Crystals indicates a CAGR of 33.1% and is estimated to reach $20.4 billion in 2017.
The major drivers would be its applications having extra-ordinary growth i.e. CAGR of 61.6% in Solar and PV cells and CAGR of 39% in LED segment with forecasts value of $4.1 Billion and $7.5 billion in 2017 respectively.
The Photonic Crystals are seen as an alternative for semi-conductor fabrication; however, there would be a need for strong technological advancements to overpower the existing electronic segment. The semi-conductor foundry market has seen a 16.2% rise from 2011 to 2012 and reached $24.6 Billion value.
The key players in this market are Opalux, Corning Incorporated, Epistar, Fianium, Furukawa Electric, Luxtaltek Corporation, Palo Alto Research Center (PARC), Sandia and Lockheed Martin, L.P. (HP Labs), ICX Photonics.
Photonic Crystals Market Key Segments
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