Nanotechnology, optoelectronics, and photonics are expected to make a significant impact on the way we see the world today. Nanophotonics is the combination of these three technologies. The nanophotonics components market is expected to reach over $3.6 billion by 2014, while the nanophotonics device market is expected to grow at a CAGR of more than 100% from its current market size of $1.8 billion to $58 billion in 2014.
This reportís detailed analysis not only offers market statistics, but also gives stakeholders a clear picture of the market trends, along with the major factors driving market growth. Nanophotonics is making inroads to the existing and growing markets of light emitting diodes (LEDs), organic light emitting diodes (OLEDs), near field optics (NFO), and photovoltaic (PV) cells. This is encouraging new players to invest in this market. Even a small increase in penetration would translate into a significant growth in actual sales, as the overall markets are growing at a rapid pace.
The stakeholders would also benefit from the reportís strategic analysis, which is based on a detailed study of the market and exchange of market knowledge with industry experts. Our analysis would provide nanophotonics companies and commercial research labs an in-depth understanding of the upcoming trends and opportunities in the market; and also a detailed analysis of the submarkets.
Scope of the Report
This report highlights the basic structure of the nanophotonics market and its various sub-segments, such as LEDs, OLEDs, NFOs, optical switches, optical amplifiers, and holographic memory device. These individual markets are further broken down into their respective sub-segments based on products, ingredients, and applications. Market trends and forecasts are identified for each sub-segment, supported by the drivers and inhibitors for the respective markets.
The report features more than 100 market tables and over 50 company profiles to provide a deeper understanding and insight into the market and the competitive landscape. The report sizes all the micro markets in the four major markets of North America, Europe, Asia, and Rest of the World (ROW). All the market tables are categorized as per geography, ingredients, applications, and products.
In addition to the market data, trends, and forecasts, the report will also highlight the key opportunity areas for the relevant stakeholders, identifying the measures that could help players increase their market shares. Recent technical as well business developments related to the nanophotonics market and its sub-segments will also find ample space in the report.
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We provide the longest market segmentation chain in the industry with our three-level market breakdown and our analysis of minimum 40 collectively exhaustive and mutually exclusive micro markets.
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Nanophotonics to Revolutionize the Market
Nanophotonics is born out of the combination of three major sciences: photonics, nanotechnology, and optoelectronics. While photonics and optoelectronics have revolutionized the electronics and semiconductors market, nanotechnology has the greatest potential for further improvement, and hence emerged as the most sought-after technology by big companies and research laboratories. In spite of it being at the nascent stage, nanophotonics is expected to make it to the mainstream market owing to its higher power efficiency, thermal resistivity, and operational life.
The nanophotonics component market is growing at a robust rate for the last few years and expected to maintain a very high CAGR for the next few years. The market is expected to reach $3.6 billion in 2014 at a CAGR of 100.7% from 2009 to 2014 and a similar growth pattern can be expected for the nanophotonics devices market as well. This market is expected to grow from a current market size of $1.8 billion to $58 billion in 2014.
Though most of the nanophotonics products are still under research, the available products such as nanophotonics LEDs, nanophotonics PV cells, nanophotonics OLEDs have been very successful in the market. Nanophotonics LEDs have the largest market share of $106 million in 2009. However, considering the pace of progress in various other segments like near-field-optics, optical amplifiers, optical switches and holographic memory, it can be safely ascertained that holographic memory and optical switches are expected to have the highest growth rate in the next five years. Nanophotonic LEDs will still continue to be largest segment albeit at a slow growth rate.
In the nanophotonics LED market, the high beam LED has the highest market share, followed by UV LED. In the fastest growing market of optical amplifiers, it is the optical fiber amplifier that commands the highest CAGR in the period 2009 to 2014, followed by semiconductor amplifiers. HDSS is also expected to grow at a CAGR comparable to that of optical amplifiers. OLED is estimated to be the slowest growing market. Lowering production costs and improving operational efficiencies would ensure opening of new opportunities for the nanophotonics market.
The market is concentrated with only the market leaders like Osram, IBM, Samsung SDI, JDSU, etc. doing extensive research in nanophotonics, but as most of the application areas are related to electronics, this market is expected to attract a large number of players, which would, in turn, increase the degree of competition.
The key players in the nanophotonics component market are working at developing new products by forging strategic alliances with renowned universities, research laboratories, and nanomaterial companies. These developments are focused on improving the operational parameters for the nanophotonic devices and grab the early moverís advantages in the market.
Our patent analysis indicates that the U.S. has filed the highest number of patent applications in nanophotonics since 2006, followed by Europe. In the products category, nanophotonic LED accounts for the highest number of patents, followed by nanostructures while OLED accounts for the lowest.