Overview of the global nanophotonics market

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.

Competitive landscape and key vendors

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 -

• Blue Nano
• BuckyUSA
• Carbon Solutions
• Cambrios Technologies
• Catalytic Materials
• Cnano Technology
• Cree
• LG Display
• Materials and Electrochemical Research
• Nanocs
• Nanocyl
• Nanoco Technologies
• nanoPHAB
• Nanosys
• Nanostructured & Amorphous Materials
• Novarials
• Novaled
• OSRAM Opto Semiconductors
• Philips Lumileds Lighting
• QD Vision
• Quantum Materials
• Samsung SDI
• TCL Display Technology
• Universal Display

Segmentation by components and analysis of the nanophotonics market

• Nanophotonic diodes
• Nanophotonic ICs
• Nanophotonic PV cells
• Nanophotonic near-field optics

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.

Geographical segmentation and analysis of the nanophotonics market

• Americas
• APAC
• EMEA

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.

 Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global nanophotonics market?
• What are the key market trends impacting the growth of the global nanophotonics market?
• What are the challenges to market growth?
• Who are the key vendors in the global nanophotonics market?
• What are the market opportunities and threats faced by the vendors in the global nanophotonics market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global nanophotonics market?

Technavio also offers customization on reports based on specific client requirement.

Related reports:

• Global Titanium Dioxide Nanomaterials Market 2016-2020
• Global Nanofiber Market 2016-2020