LED’s Will Emerge as the Leading Component of the Photonic Crystals Market

The dominance of LEDs in automotives is expected to help account for the largest chunk of photonic crystal component revenues in the segment of energy, utilities, and lighting space, upstaging the solar and PV cell segments.  The energy market is the natural market for solar and PV cells, but adoption of photonic crystals in these components is hampered by a combination of technology and business factors.

BCC Research forecasts that the energy utilities and lighting will emerge as the largest market by 2017, upstaging consumer electronics, white goods, and office space. LEDs, displays and optical fibers will account for more than 80% of the photonic crystal components employed in the automotive market.  LEDs will account for more than 45% of the overall share, endorsing the increasing acceptance for photonic crystals in mainstream LED manufacturing processes.

LEDs are recipients of maximum traction in mainstreaming photonic crystals.  Almost all the major players in the LED space have more or less committed to employing photonic crystals to ensure maximization of energy extraction.  The LED cause in photonic crystals is helped by the fact that LED usage is not limited to lighting applications, which are driven by subsidies and government support.  Instead, it extends to high-brightness LEDs (HB-LEDs), whose prices are market driven and do not require artificial subsistence.

BCC Research maintains that photonic crystals will have great potential in the near future. The growth will not be confined to a single component or market. Instead, photonic crystals will become applicable in a vast array of intermediate components that contribute critically to the end-user devices. Photonic crystals are set to make their distinctive mark across domains. Photonic crystals are looked at as substitutes to mainstream materials and processes. It helps that the theory behind their functioning is fairly well-established, as opposed to many alternatives that are based on altogether newer concepts.

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Global Markets and Technologies for Photonic Crystals (AMV059C) provides:

  • Analyses of global market trends, with data from 2010 through 2012, and projections of compound annual growth rates (CAGRs) through 2017.
  • Forecasts of the market sizes for the following: photonic crystal-enabled components and modules such as LEDs, solar and PV cells, displays, biosensors, image sensors, optical fibers, discrete and integrated optical components as well as lasers and supercontinuum sources.

To provide further information about this report we offer a Complimentary Introduction, available from our Website. To download, simply click here, go to the Table of Contents tab, add the complimentary introduction to your cart, and confirm your order.

 

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