companiesandmarkets.com has added a new market report on global photonic crystals industry titled ‘Photonic Crystals: Materials, Technologies and Global Markets’.
According to the report, the photonic crystals market is growing swiftly and is expected to grow at a compound annual growth rate of 46.1% for the period 2010-2016. The report predicts that photonic crystals market value would be $34,500 million by 2016. Complications related with the dismantling method of photonic crystal technology, physical restriction and device efficacies are the major causes for low levels of acceptance of the photonic crystals, which find prospective applications in various fields and industries.
The optical fiber and display sectors are in the rapidly growing photonic crystal application markets. In 2010, the optical fiber market represented 27% of the global photonic crystal market and it would reach a value of $10,839 million in 2016. The display market’s share in the global photonic crystal market was 37.5% in 2010 and would be $6,078 million by 2016.
Geographic segments of the photonic crystal module and component markets as per the report were the Middle East, Europe, Americas, Asia-Pacific and Africa. The report offers both historical and forecast information for the reporting period between 2011 and 2016 through commentary, graphs and charts. It also includes partnership activities, competitive landscape, drivers and barriers for growth, opportunities and trends of the market.
The research report discusses the current operations and future developments of major players in the photonic crystals industry, including SRU Biosystems, Samsung, Photonic Lattice, Photeon Technologies, Philips Lumileds Lighting, Opalux and Microcontinuum and Lightwave Power.