- Growth Is Predicted for Nanophotonics Market
The global market for nanophotonic devices is projected to rise from $420.7 million in 2004 to more than $9 billion in 2009 at an annual average growth rate of 85.8 percent, according to a report from Business Communications Co. Inc. of Norwalk, Conn. Titled GB-314 Nanotechnology for Photonics, the publication notes that LEDs are the largest and fastest-growing market segment, with a projected annual growth rate of more than 90 percent between 2004 and 2009.
Other device types expected to have market shares greater than 1 percent in 2009 are near-field optics and nanophotonic integrated circuits. The report was prepared using numerous industry sources.
- The use of atoms, molecules and molecular-scale structures to enhance existing technology and develop new materials and devices. The goal of this technology is to manipulate atomic and molecular particles to create devices that are thousands of times smaller and faster than those of the current microtechnologies.
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