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Technavio’s market research analyst predicts the global nanophotonics market to grow at a CAGR of almost 48% during the forecast period. Nanophotonics has significant potential applications in the areas of science and technology including bio-imaging, optical microscopy, optical communications, optoelectronic chips, and solar energy. Nanophotonic materials such as nanowires, quantum dots, nanotubes, and photonic crystals are extensively used for making nanophotonic components and are gaining huge traction among manufacturers. Nanophotonic component manufacturers are making use of nanomaterials for developing energy-efficient products. These nanophotonic components enable manufacturers to cope with the requirements of advanced electronics such as compressed size, high functionality, greater data transmission speed, and longer battery life.
At present, the manufacturers are adopting nanotechnology for developing nanophotonic ICs for various applications including communications, computing, defense and security, and healthcare. The use of nanomaterials such as photonic crystals, quantum dots, plasmonics, nanotubes, and nanoribbons has led to the development of small-scale power electronics and nanophotonic ICs. Also, several manufacturers are using nanophotonic technology by integrating electronics and photonics on the same chip for higher bandwidth and faster data transmission speed. The nanophotonic technology allows chip manufacturers to combine various transistors and photonic components on a single IC. The nanophotonic ICs enable devices to directly communicate with other devices using light, subsequently increasing the data transmission speed.
Characterized by extreme fragmentation, the global nanophotonics market has no major vendor occupying the dominant market share. The entry of new players in the market will further intensify the competition during the forecast period. The market comprises several players that are involved in the production of nanophotonic components, production of nanophotonic materials, and R&D activities. Manufacturers are working in collaboration with research institutions to gain understandings on nanophotonic technology, which has increased investments in R&D of nanophotonic components, thereby driving the demand for nanophotonic materials. Also, the rapid surge in the availability of nanomaterials has accelerated the use of nanophotonic materials by several semiconductor component manufacturers.
Leading vendors in the market are -
Nanophotonic diodes account for the largest and fastest-growing segment in the global nanophotonics market. The increasing adoption of energy-efficient lighting solution and the high growth potential of LEDs/OLEDs has compelled manufacturers to focus on the use of these nanophotonics components.
APAC led the global market in 2015 and will continue to dominate the market over the predicted period. Much of the region’s growth is due to a higher concentration of LED/OLED and PV cell manufacturers. Also, the region is a hub for major semiconductor foundries, fabless semiconductor companies, and consumer electronic device manufacturers. The low raw material and labor costs in APAC have prompted several vendors from EMEA and the Americas to set up their fabrication facilities in the APAC region, which has consequently increased the demand for nanophotonic materials for IC fabrication in APAC.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Summary of key figures
PART 06: Market landscape
PART 07: Market size and forecast
PART 08: Market analysis
PART 09: Market segmentation by components
PART 10: Geographical segmentation
PART 11: Market drivers
PART 12: Impact of drivers
PART 13: Market challenges
PART 14: Impact of drivers and challenges
PART 15: Market trends
PART 16: Vendor landscape
PART 17: Appendix
PART 18: Explore Technavio
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