Nanophotonics Market Size, Share, Demand, Key Players, Growth and Industry Trends 2023-28

According to the latest report by IMARC Group, titled “Nanophotonics Market Size: Global Industry Trends, Share, Growth, Opportunity and Forecast 2023-2028″ the global nanophotonic equipment market size reached US$ 13.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 22.1 Billion by 2027, exhibiting a growth rate (CAGR) of 8.5% during 2023-2028.

Nanophotonics or nano-optics is a part of nanotechnology that studies the behavior of light on nanometer scales and the interaction of nanometer-scale objects with light. It includes nanoribbons, nanotubes, plasmonic, quantum dots, photonic crystals and dielectric structures, such as nanoantennas or metallic components, which can focus and transport light via surface plasmon polaritons (SPPs). It facilitates the production of advanced electronics with higher thermal stability, compressed size, longer operational life, and improved data transmission. As a result, it is extensively used in the manufacturing of light-emitting diodes (LEDs), organic LEDs, photovoltaic (PV) cells, near-field optics, and optical components.

Global Nanophotonics Market Trends:

The widespread adoption of nanophotonicsin communication, electronics, defense, biotechnological, and solar power conversion applications is primarily driving the market. The rising demand for LED, OLED, and nanophotonic switches due to their heat-resistant property is also creating a positive outlook for the market. In addition, the worldwide employment of nanophotonics in the information and technology (IT), healthcare, and chemical sectors and increasing research and development (R&D) activities are anticipated to accelerate the market growth.

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Global Nanophotonics Market 2023-2028 Analysis and Segmentation:

Competitive Landscape:

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.

The report has segmented the market on the basis on region, 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

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