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 has emerged as the
most sought-after technology by big companies and research laboratories. In
spite of it being in 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 nanophotonic component market is growing at a robust rate for the last
few years and is expected to maintain a very high CAGR for the next few years.
The market is expected to reach US$3.6 billion in 2014 at a CAGR of 100.7% from
2009 to 2014.
Untapped market potential and benefits are the primary factors for the early
adoption. Though most of the nanophotonic products are still under research,
the available products such as nanophotonic LEDs, nanophotonic PV cells, nanophotonic
OLEDs have been very successful in the market. Nanophotonic LEDs has the largest
market share of US$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 with a slow growth rate.
Asia accounts for the largest share of the global nanophotonics market followed
by Europe and the U.S. Since the nanophotonic components were introduced early
in the Asian market, it is expected to see the lowest growth rate from 2009
to 2014 while the U.S. is expected to grow at a relatively high CAGR of 161.1%
Key questions answered:
- Which are the high-growth segments/cash cows and how is the market segmented
in terms of applications, products, services, ingredients, technologies, stakeholders?
- What are market estimates and forecasts; which markets are doing well and
which are not?
- Where are the gaps and opportunities; what is driving the market?
- Which are the key playing fields? Which are the winning edge imperatives?
- How is the competitive outlook; who are the main players in each of the
segments; what are the key selling products; what are their strategic directives,
operational strengths and product pipelines? Who is doing what?