Ceramic Industry News / Advanced Ceramics

Global Market for Photonic Crystals to Reach $34.5 Billion

July 20, 2011
/ Print / Reprints /
ShareMore
/ Text Size+
The global market value for photonic crystal components and modules is estimated to be $5.2 billion in 2011, according to a new study.

The global market value for photonic crystal components and modules is estimated to be $5.2 billion in 2011, according to “Photonic Crystals: Materials, Technologies and Global Markets,” a new report from BCC Research. That value is expected to reach $34.5 billion by 2016 as it increases at a five-year compound annual growth rate (CAGR) of 46.1%.

The photonic crystal component and module market can be broken down into eight segments: displays, optical fibers, LEDs, discrete and integrated optical components, image sensors, solar and PV cells, lasers and supercontinuum sources, and biosensors.

The displays segment is projected to be worth nearly $6.1 billion in 2016 after rising at a CAGR of $34.5 billion from its estimated 2011 value of nearly $1.4 billion. Optical fibers are estimated to be worth nearly $2 billion in 2011, and in 2016 should be worth more than $10.8 billion, yielding a CAGR of 41.2%. The LEDs segment, estimated to be worth $983 million in 2011, should rise in 2016 to $8.1 billion at a CAGR of 52.5%. Discrete and integrated optical components are estimated to be worth $303 million in 2011, and in 2016 are expected to be worth $2.4 billion, a CAGR of 51.6%. The image sensors segment is estimated to be worth nearly $200 million in 2011, and in 2016 should be worth $888 million, a CAGR of 34.9%. The segment comprising solar and PV cells is estimated to be worth $270 million in 2011, and in 2016 should be worth $5.3 billion, a CAGR 81.3%. In 2011, the segment made up of lasers and supercontinuum sources is estimated to be worth $96 million, and in 2016 should be worth $621 million, a CAGR of 45.3%. The biosensors segment is estimated to be worth $27 million in 2011, and in 2016 should be worth $250 million, a CAGR of 56.1%.

Photonic crystals have been classic underachievers: full of promise, sound in theory, poor in implementation. Characterized by the presence of nano-scale patterns of segments with varied dielectric constants, photonic crystals rival electrons when it comes to versatility.

Photonic crystals have struggled to find their place in various domains for a number of reasons, including rapid strides in other areas of electronic fabrication, difficulty in fabricating photonic crystal-enabled products, and shareholder unwillingness to alter their well-oiled supply chains. The future is bright for photonic crystals, however, with anticipated yearly growth in excess of 46% a clear indicator. More importantly, this growth will not be vertical or confined to a single component, but will foray in a wide-ranging spread of intermediate components.

For more information, visit www.bccresearch.com.

Did you enjoy this article? Click here to subscribe to Ceramic Industry Magazine.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

June 2014 Issue Highlights

Our June 2014 issue is now available!

Podcasts

Manufacturing Day 2014

Manufacturing Day organizers share their insights with Managing Editor Kelsey Seidler.

More Podcasts

Ceramic Industry Magazine

CI September 2014 cover

2014 September

You won't want to miss the CI Top 10, traditionally our most popular article of the year!

Table Of Contents Subscribe

THE CERAMIC INDUSTRY STORE

M:\General Shared\__AEC Store Katie Z\AEC Store\Images\Ceramics Industry\handbook of advanced ceramics.gif
Handbook of Advanced Ceramics Machining

Ceramics, with their unique properties and diverse applications, hold the potential to revolutionize many industries, including automotive and semiconductors.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

Directories

CI Data Book July 2012

Ceramic Industry's Directories including Components, Equipment Digest, Services, Data Book & Buyers Guide, Materials Handbook and much more!

STAY CONNECTED

facebook_40px twitter_40px  youtube_40pxlinkedin_40google+ icon 40px