Photonic Crystal Market Global Scenario Nanophotonics Market

Nanophotonics Market Global Scenario, Market Size, Outlook,
Trend and Forecast, 2015-2024
Nanophotonics are the combination of nanotechnology, photonics and optoelectronics
which has impacted a wide range of fields such as health care, information technology
and others. It has revolutionized the semiconductor and electronics market. These are
the components which study the behaviour of light and also used to interact with light
emitting devices at nanoscale level. Due to its thermal resistivity, operational life and
higher power efficiency nanophotonics are widely used in many research laboratories.
Some of the examples of nanophotonic components include LEDs, optical switches,
optical fibres, PV cells and optical amplifiers.
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categories/semiconductor-electronics/nanophotonics-market
Global nanophotonics market is anticipated to witness huge growth in forecasted period
due to continuous increasing application of the technology in organic light emitting
diodes (OLED), light emitting diodes (LED) and optical communication. In addition, large
optical bandwidth and energy-efficient designs provided by nanophotonics are boosting
the growth of the market. However, limited commercialization and high cost of the raw
materials are some of the major factors which are hampering the growth of the market.
To facilitate R&D, government has increased investments over the period of time which