Photonic Crystals Market to Hit $34.5B by 2016

According to a new report from companiesandmarkets.com on photonic crystals, titled “Photonic Crystals: Materials, Technologies and Global Markets,” the photonic crystals market is growing rapidly and is expected to grow at a compound annual growth rate of 46.1% from the period 2010-2016.

The report also predicts that the industry should achieve a value of $34.5 billion by 2016. Complications associated with the process of dismantling photonic crystal technology, physical limitations and device efficiencies are the major causes for the low levels of adoption in photonic crystals. The technology has prospective applications in various fields and industries.

Photonic crystals technology shows promise in the optical fiber and display sectors. In 2010, the optical fiber market represented 27% of the global photonic crystal market and is expected to reach a value of $10.8 billion by 2016. The display market’s share was 37.5% in the global photonic crystal market for 2010 and would be $6 billion by 2016.

The report also profiles the current operations and future plans of the major players in the photonic crystals industry, including Agilent Technologies, Fianium, Lockheed Martin, Sandia Corp., NEC Corp., NKT Photonics and Omniguide.

For more information, visit: www.companiesandmarkets.com