Market According to a report from the London- based companiesandmarkets.com titled “Photonic Crystals: Materials, Technologies and Global Markets,” the photonic crystals market is growing rapidly and is expected to have a compound annual growth rate of 46.1% from 2010 to 2016. It could achieve a value of $34.5 billion by 2016. The technology has prospective applications in various fields and industries and shows promise in the optical fiber and display sectors.