Global Crystal Market growth could be
attributed to growing demand for photonic crystals in LEDs, extensive growth in
R&D and diverse properties of these crystals are driving the market growth
of the photonic crystals market. Periodic dielectric structures can interact resonantly
with radiation with wavelengths that are comparable to the periodicity length
of dielectric lattice. Photonic crystals can stimulate the properties of
photons in much same way that ordinary semiconductor and conductor crystals
affect the properties of electrons. Properties of electrons in ordinary
crystals are much influenced by lattice size and other defects. Thus, the
crystals are made of periodic arrays of atoms at atomic length scales.
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Photonic crystals occur in form of structural coloration by
nature and also in several forms. The photonic crystals can be fabricated in
one, two or three dimensions. In case of one-dimension, photonic crystals can
be prepared by layers deposited or stuck together which in case of two dimension
are made by photolithography.
Another form or crystal is liquid crystal laser. It uses a
liquid crystal as a resonating cavity which enables an emission of wavelength
and polarization from the active laser medium. Commercially, liquid laser crystals
find use in biomedical sensing, display screens and environmental sensing. From
the crystals market point of view, they find proliferated use in multiple
domains and particularly in electronics. The overall scenario of the driving
factors signifies that the crystals market is bound to grow at a significant
CAGR during the assessment period.
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However, the cost challenges associated with the formulation
of photonic crystals is likely to hamper the market growth. On the basis of
type, the photonic crystal is segmented into one-dimension, two-dimension and
three-dimension. On the basis of application, the photonic crystal is segmented
into optical fiber, LEDs, image sensors, solar & PV cells, lasers, and
discrete & integrated optical components. Solar & PV cells dominate the
market segment followed by image sensors and optical fibers. Solar energy is
the potential alternative to replace fossil fuel and is also expected to cater
to the globally rising demands for steady power supply which again provides a
lucrative growth opportunity to the market.
On the basis of end-user, the photonic crystal is segmented
into industrial, aerospace and defense, R&D, life sciences &
healthcare. On the basis of geographic segmentation, the photonic crystal
market spans North America, Latin America, Europe, Asia Pacific, Middle-East
and Africa. APAC regions accounts for a significant share during the forecast
period owing to growth in research initiatives to determine optical properties
of photonic crystals and their utility in practical applications. North America
and Europe account for a major share respectively during the assessment period.
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The key players in the crystals market research report
include NEC Corporation, ICX Photonics Inc., Luminus Devices Inc., Agilent
Technologies, Advance Photonic Crystals LLC, NKT Photonics, IPG Photonics
Corporation, Opalux Inc., Corning Incorporated, Furukawa Electric Co., Ltd., DK
Photonics, GLOphotonics SAS, Photonic Lattice Inc., Photeon Technologies GmbH,
NeoPhotonics, Epistar, Micro Continuum Inc., Carolinas Photonic Consortium
(CPC), Omniguide, and Lightwave Power Inc.
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